8:25 AM Luxury Vinyl Tiles (LVT) Flooring Market Size to experience an impressive growth of 11.5% |
| Luxury vinyl tiles (LVT) flooring market is likely to witness an excellent CAGR of 11.5% during the forecast period. The high growth of the construction industry across regions is estimated to propel the market growth. Factors such as the mounting residential and non-residential construction, remodeling & maintenance activities, the high durability and enhanced aesthetic appearance of the LVTs are likely to underpin the demand for LVT flooring during the forecast period.
Click here to get a Free Sample of the report (with additional insights) Or Read the summary of the report here Luxury Vinyl Tiles Flooring Market Insights: By Flooring Type: Based on the flooring type, the market is segmented as rigid and flexible. The flexible segment held the larger share in 2019, and is estimated to be the faster-growing segment of the market during the forecast period. The segment is also likely to remain dominant in the coming years owing to its various properties, such as cost effectiveness, improved aesthetic appearance, and durability. By End-Use Industry Type: Based on the end-use sector type, the luxury vinyl tiles (LVT) flooring market is segmented as residential and non-residential. The non-residential segment leads the market owing to rising construction & renovation of offices, supermarkets, hypermarkets, hospitals, and institutions seeking for low maintenance and aesthetically sound tiles, which is leading the market growth of luxury vinyl tiles flooring globally. By Region: In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest growing luxury vinyl tiles (LVT) flooring market during the forecast period, owing to huge investment and large number of construction activities in the infrastructural sector and presence of a large number of manufactures in the region. Click below to run through the detailed ToC of the report Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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