سوق الأرضيات LVT – السائقين والاتجاهات والفرص وإحصاءات النمو | 2031

  • Report Code : TIPRE00007083
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 230
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بلغ حجم سوق أرضيات LVT 22.22 مليار دولار أمريكي في عام 2023، ومن المتوقع أن يصل إلى 43.95 مليار دولار أمريكي بحلول عام 2031؛ ومن المقدر أن يسجل معدل نمو سنوي مركب قدره 8.9% من عام 2023 إلى عام 2031.

رؤى السوق وآراء المحللين:< /strong>

يوفر بلاط الفينيل الفاخر بديلاً فعالاً من حيث التكلفة للمواد التقليدية مثل الخشب الصلب أو الحجر، مما يوفر مظهرًا وملمسًا فاخرًا بسعر مناسب. بالإضافة إلى ذلك، سمحت التطورات التكنولوجية في عملية التصنيع بتركيبات وأنماط أكثر واقعية، مما أدى إلى تعزيز المظهر البصري لأرضيات LVT. علاوة على ذلك، فإن خصائص LVT، مثل المتانة ومقاومة الماء وسهولة الصيانة، تجعلها خيارًا جذابًا لكل من التطبيقات السكنية والتجارية. وبالتالي، فإن كل هذه العوامل تدفع نمو سوق أرضيات LVT.

محركات النمو والتحديات:

التحليل القطاعي:

حسب النوع، يتم تقسيم السوق إلى جامدة ومرنة. من حيث المستخدم النهائي، يتم تقسيم السوق إلى السكنية والتجارية والمؤسسية. استحوذ القطاع التجاري على جزء كبير من حصة سوق أرضيات LVT في عام 2023. تُستخدم أرضيات بلاط الفينيل الفاخرة في المساحات التجارية مثل المكاتب والفنادق ومراكز التسوق. هذه الأرضيات مصنوعة من منتجات هندسية بدلاً من المواد الطبيعية للحصول على مزيد من المتانة. تبنت متاجر البيع بالتجزئة أرضيات بلاط الفينيل الفاخرة نظرًا لجاذبيتها الجمالية وقلة صيانتها. تتيح خيارات التصميم في أرضيات بلاط الفينيل الفاخرة لتجار التجزئة خلق جو فريد يتماشى مع علامتهم التجارية.

وفي المقابل، تضمن المتانة قدرة الأرضيات على تحمل حركة المرور العالية. تتطلب الأرضيات في المساحات المكتبية مظهرًا متطورًا، بما في ذلك الجماليات والوظائف والمتانة، وهو ما يمكن أن يحققه تركيب أرضيات بلاط الفينيل الفاخرة. يوفر توفر أرضيات بلاط الفينيل الفاخرة بأشكال مختلفة من الخشب الصلب أو الحجر التقليدي حلولاً طويلة الأمد مع مقاومة التآكل. علاوة على ذلك، تختار الفنادق والمطاعم وشركات الضيافة الأخرى أرضيات بلاط الفينيل الفاخرة في الردهة وغرف الضيوف ومناطق تناول الطعام نظرًا لمظهرها الأنيق وقدرتها على تحمل الاستخدام المستمر. وبالتالي، فإن كل هذه العوامل هي التي تدفع سوق أرضيات LVT للقطاع التجاري.

التحليل الإقليمي:

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

Frequently Asked Questions


Can you list some of the major players operating in the global LVT flooring market?

A few players operating in the global LVT flooring market include Wedge Industries Ltd, Mohawk Industries Inc, Tarkett, Shaw Industries Group Inc, Interface Inc, AHF LLC, Gerflor SAS, Congoleum, Mannington Mills Inc, and Forbo Holding AG.

In 2023, which region held the largest share of the global LVT flooring market?

In 2023, Asia Pacific held the largest share of the global LVT flooring market. The rising urbanization rates have surged construction activities, particularly in the commercial and residential sectors. This, in turn, has accelerated the demand for modern and stylish flooring solutions. Moreover, rising disposable income levels across Asia Pacific have empowered consumers to invest more in enhancing their living spaces. As a result, there has been a growing preference for premium and aesthetically pleasing flooring options such as LVT. All these factors led to the dominance of the Asia Pacific region in 2023.

In 2023, which type segment is leading the global LVT flooring market?

The mineral oil segment held the largest share in the global LVT flooring market in 2023. Rigid luxury vinyl tile (LVT) flooring is made from a rigid core layer of composite material, such as stone polymer or wood polymer, sandwiched between two vinyl layers. Rigid luxury vinyl tiles, also known as floating or interlocking LVT, are designed to be installed without adhesive. The rigid core layer provides additional strength and stability to luxury vinyl tiles, making them suitable for high-traffic areas and busy homes. Rigid LVT can be installed over various subfloors, including concrete, ceramic tile, and even existing vinyl flooring, making it a preferable option for renovations and remodels. Several rigid core luxury vinyl tiles have a built-in underlayment that offers additional cushioning, making the flooring more comfortable to walk on and reducing the impact of foot traffic. These factors led to the dominance of the rigid segment in 2023.

In 2023, which end user segment dominated the global LVT flooring market?

The residential segment held the largest share of the global LVT flooring market in 2023. Luxury vinyl tiles are an ideal choice for areas such as the living room, dining room, and bedrooms. The comfortable underfoot and easy-to-clean characteristics of luxury vinyl tiles make it a perfect fit for household spaces. Luxury vinyl tile flooring is also best suited for basement spaces to withstand moisture and temperature fluctuations. It acts as an efficient alternative to traditional concrete floors in providing a warmer and more comfortable environment in households. All these factors led to the dominance of residential segment in 2023.

Which end user segment is expected to register the fastest growth in the global LVT flooring market?

The commercial segment is expected to register the highest CAGR in the LVT flooring market from 2023 to 2031. Luxury vinyl tile flooring is used in commercial spaces such as offices, hotels, and shopping malls. These floorings are made of engineered products rather than natural materials to obtain more durability. Retail stores have embraced luxury vinyl tile flooring due to its aesthetic appeal and low maintenance. Design options in luxury vinyl tile flooring allow retailers to create a unique atmosphere that aligns with their brand. The flooring in office spaces requires a sophisticated appearance, including aesthetics, functionality, and durability, which the installation of luxury vinyl tile flooring can fulfill. The availability of luxury vinyl tile flooring in various looks from traditional hardwood or stone offers long-lasting solutions with wear and tear resistance. Moreover, hotels, restaurants, and other hospitality businesses choose luxury vinyl tile flooring in the lobby, guest rooms, and dining areas due to its stylish look and ability to endure constant use. All these factors are expected to drive the commercial segment growth from 2023 to 2031.

What are the key factors influencing the LVT flooring market growth?

The affordability of luxury vinyl tiles (LVT) flooring compared to natural materials such as hardwood, stone, or ceramic tiles makes it an appealing option for consumers and businesses, especially for those who operate within tight budget constraints. Luxury vinyl tiles (LVT) offer a lower initial purchase price and deliver long-term value through their durability and low maintenance requirements. The ease of installation further enhances its cost-effectiveness, as the straightforward click-and-lock or adhesive installation methods reduce labor costs and construction timelines. This is particularly advantageous for large-scale projects where minimizing labor expenses is critical for staying within budget. Moreover, the long-term durability of luxury vinyl tiles (LVT) flooring contributes to its cost-effectiveness by minimizing replacement and repair expenses over time. Its resistance to scratches, stains, and wear ensures that it maintains its appearance and functionality even in high-traffic areas, reducing the need for frequent repairs or replacements. The low maintenance requirements of luxury vinyl tiles (LVT) flooring, as it requires minimal cleaning and upkeep compared to other flooring materials, further result in cost savings for homeowners and businesses. All these factors drive the LVT flooring market growth.

The List of Companies - LVT Flooring Market

  • Wedge Industries Ltd
  • Mohawk Industries Inc.
  • Tarkett
  • Shaw Industries Group Inc.
  • Interface Inc.
  • AHF LLC
  • Gerflor SAS
  • Congoleum
  • Mannington Mills Inc.
  • Forbo Holding AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published and advised several client across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organization are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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