In 2023 the consumption of luxury vinyl flooring (LVT) is estimated to be 510211 K Sq.m
Global market is expected to witness significant growth on account of rising applications, so in the next few years, luxury vinyl flooring (LVT) consumption will show a trend of steady growth. In 2023 the consumption of luxury vinyl flooring (LVT) is estimated to be 510211 K Sq.m. https://www.qyresearch.com/index/detail/157497/global-luxury-vinyl-tile-lvt-market
Global market is expected to witness significant growth on account of rising applications, so in the next few years, luxury vinyl flooring (LVT) consumption will show a trend of steady growth. In 2023 the consumption of luxury vinyl flooring (LVT) is estimated to be 510211 K Sq.m.
https://www.qyresearch.com/index/detail/157497/global-luxury-vinyl-tile-lvt-market
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<strong>In</strong> <strong>2023</strong> <strong>the</strong> <strong>consumption</strong><br />
<strong>of</strong> <strong>luxury</strong> <strong>vinyl</strong> <strong>flooring</strong><br />
(<strong>LVT</strong>) <strong>is</strong> <strong>estimated</strong> <strong>to</strong> <strong>be</strong><br />
<strong>510211</strong> K <strong>Sq</strong>.m<br />
Cus<strong>to</strong>m Research|Research Report|Management Consulting|Seminar|Database
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QYResearch<br />
Luxury <strong>vinyl</strong> <strong>flooring</strong> <strong>is</strong> well received in <strong>the</strong> world in recent years, <strong>the</strong><br />
sale volume <strong>of</strong> <strong>luxury</strong> <strong>vinyl</strong> <strong>flooring</strong> increased from 107491 K <strong>Sq</strong>.m. in<br />
2012 <strong>to</strong> 227911 K <strong>Sq</strong>.m. in 2017, with an average growth rate <strong>of</strong> more<br />
than 13.49%. North America, Europe and Asia-Pacific are <strong>the</strong> main<br />
<strong>consumption</strong> regions. Europe <strong>is</strong> <strong>the</strong> biggest <strong>consumption</strong> country in <strong>the</strong><br />
world followed by USA. Though China <strong>is</strong> a populous country, <strong>the</strong><br />
<strong>consumption</strong> volume <strong>is</strong> relatively small compared <strong>to</strong> Korea and Japan in<br />
Asia, which also means <strong>the</strong> huge potential in China market in <strong>the</strong> future.
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QYResearch<br />
Luxury <strong>vinyl</strong> <strong>flooring</strong> downstream <strong>is</strong> wide and <strong>the</strong> main application fields<br />
are residential and commercial use. Globally, residential use accounts<br />
for nearly 64.83% <strong>of</strong> <strong>to</strong>tal downstream <strong>consumption</strong> volume <strong>of</strong> <strong>luxury</strong><br />
<strong>vinyl</strong> <strong>flooring</strong> in global in 2016.<br />
According <strong>to</strong> <strong>the</strong> type, it can <strong>be</strong> divided in<strong>to</strong> Flexible Luxury Vinyl Tile<br />
(<strong>LVT</strong>) and Rigid Luxury Vinyl Tile (<strong>LVT</strong>). Flexible Luxury Vinyl Tile (<strong>LVT</strong>)<br />
<strong>is</strong> <strong>the</strong> main product, capturing about 67.57% <strong>of</strong> global <strong>consumption</strong> <strong>of</strong><br />
<strong>luxury</strong> <strong>vinyl</strong> <strong>flooring</strong> in 2016.
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QYResearch<br />
According <strong>to</strong> QYR research and analys<strong>is</strong>, manufacturers from USA and<br />
Europe are <strong>the</strong> major leaders in <strong>the</strong> international market <strong>of</strong> <strong>luxury</strong> <strong>vinyl</strong><br />
<strong>flooring</strong>. Armstrong, Manning<strong>to</strong>n Mills, Tarkett, Congoleum, Mohawk, and<br />
Metr<strong>of</strong>lor are all famous companies in <strong>the</strong> world, Tarkett <strong>is</strong> <strong>the</strong> biggest<br />
manufacturer in <strong>the</strong> world with sale volume <strong>of</strong> 25742 K <strong>Sq</strong>.m in 2016.<br />
Global market <strong>is</strong> expected <strong>to</strong> witness significant growth on account <strong>of</strong> r<strong>is</strong>ing<br />
applications, so in <strong>the</strong> next few years, <strong>luxury</strong> <strong>vinyl</strong> <strong>flooring</strong> (<strong>LVT</strong>)<br />
<strong>consumption</strong> will show a trend <strong>of</strong> steady growth. <strong>In</strong> <strong>2023</strong> <strong>the</strong> <strong>consumption</strong> <strong>of</strong><br />
<strong>luxury</strong> <strong>vinyl</strong> <strong>flooring</strong> (<strong>LVT</strong>) <strong>is</strong> <strong>estimated</strong> <strong>to</strong> <strong>be</strong> <strong>510211</strong> K <strong>Sq</strong>.m.<br />
Click <strong>to</strong> view <strong>the</strong> full report:<br />
https://www.qyresearch.com/index/detail/157497/global<strong>luxury</strong>-<strong>vinyl</strong>-tile-lvt-market
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