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Luxury Vinyl Tile Market: Global Market Synopsis, Growth Factors, Industry Segmentation, Regional Analysis And Competitive Analysis 2017 - 2025

ID: 240258 21st May, 2018 Region : Global Pages Reports Monitor

Global Luxury Vinyl Tile Market Analysis by product (decorative luxury vinyl tile and functional luxury vinyl tile) and by end-use (commercial and residential use) and Forecast 2018-2025


Market Scenario:
Luxury Vinyl Tile (LVT) also termed as hot pressed tile possess similar appearance identical to stone or ceramic tile with natural colours and surface texture. It primarily composed of several layers which are fused together under heat and pressure. The coating layers adopted are: vinyl backing, vinyl core, print film and protective clear layer with polyurethane coatings. This tile has gained significant popularity owing to its excellent resistance to dents, moisture damage, and heat.
Increasing demand for LVT from construction sector is mainly propelling the growth of market. Global construction industry is continuously growing and due to rapidly rising global population, demand for houses and related infrastructure is projected to grow in the future. Increasing demand from residential sector coupled with increasing purchasing power is also facilitating in market growth. Increased strength and low maintenance cost for LVT has resulted as best option, hence supporting in raising the market level. However, the complexities involved in the installation and training associated with it is majorly restraining the growth of market.


Market Segmentation:
Global luxury vinyl tile market is mainly bifurcated on the basis of product and application, based on product market is bifurcated into: decorative luxury vinyl tile and functional luxury vinyl tile, while on the basis of end-use, market is segmented into: commercial and residential use.


Regional Analysis:
Based on the geographical areas, market is analysed across: North America, Europe, Asia Pacific and LAMEA. Growing construction industry of emerging economies such as China, India, and Thailand on account of governing support for infrastructure improvement at the domestic level is expected to promote the use of LVT. China is one of the leading exporters of LVT and is continually expanding its LVT production capacity. USA, Canada, Europe, Russia, and South America are prominent consumers of China’s LVT flooring products. Support by government, China is anticipated to drives the market towards fast and larger production in next couple of years. The key factors that drive the North American market include commercial growth and stabilizing real estate market. Further, new innovation within LVT would drive the consumer demand for LVT in future. For instance, Loxcreen introduced Long-Length LVT molding which are easy to install and maintain.


Key players:
Major players operating in the global luxury vinyl flooring market are: Armstrong, Mannington Mills, Tarkett, NOX Corporation, LG Hausys, Congoleum, Mohawk, Gerflor, Forbo, Beaulieu, RiL, Metroflor, Milliken, Polyflor, Karndean, Parterre, Snmo LVT, Hailide New Material, and Taide Plastic Flooring.


Global Luxury Vinyl Tile Market Segmentation:

By Product:
• Decorative luxury vinyl tile 
• Functional luxury vinyl tile
By Application:
• Commercial use 
• Residential use
Regions covered:
• North America (U.S, Canada and Rest of North America)
• Europe (Germany, France, Italy and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
• LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)


The study for Luxury Vinyl Tile Market will provide market size, estimates and forecast based on the following years: 
 
Historic data: 2015  Base Year Estimate: 2017  Forecast: 2018 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales. 
Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings. 
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market. 


1. Introduction
1.1. Market Definition
1.2. Market Scope


2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions


3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Luxury Vinyl Tile Market- Value Chain Analysis 
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016 
3.7. Market Overview – Luxury Vinyl Tile Market, Product Landscape


4. Segmentation Overview
4.1. Introduction 
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. By Product
4.2.1.1. Decorative luxury vinyl tile 
4.2.1.2. Functional luxury vinyl tile
4.2.2. By End-Use
4.2.2.1. Commercial use 
4.2.2.2. Residential use
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


5. Regional Overview
5.1. Introduction
5.2. Market Size & Forecast, 2015 to 2025
5.2.1. North America 
5.2.1.1. U.S.
5.2.1.2. Canada
5.2.1.3. Mexico 
5.2.2. Europe
5.2.2.1. UK
5.2.2.2. Germany
5.2.2.3. France 
5.2.2.4. Italy
5.2.2.5. Spain
5.2.2.6. Rest of Europe
5.2.3. Asia Pacific
5.2.3.1. China 
5.2.3.2. India
5.2.3.3. Japan
5.2.3.4. Australia
5.2.3.5. South Korea
5.2.3.6. Rest of Asia Pacific 
5.2.4. LAMEA
5.2.4.1. Brazil 
5.2.4.2. UAE
5.2.4.3. South Africa
5.2.4.4. Rest of LAMEA 
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)


6. Manufacturer/ Vendor Profile
6.1. The following attributes will be considered while profiling key manufacturers in this industry: 
6.1.1. Company Overview
6.1.2. Financial Synopsis
6.1.3. Recent Developments
6.1.4. R&D Investments (if any)
6.1.5. Strategy Overview (Analyst Perspective)
6.1.6. Product Portfolio
6.2. Companies Profiled
6.2.1. Armstrong
6.2.2. Mannington Mills
6.2.3. Tarkett
6.2.4. NOX Corporation 
6.2.5. LG Hausys 
6.2.6. Congoleum 
6.2.7. Mohawk
6.2.8. Gerflor 
6.2.9. Forbo
6.2.10. Beaulieu.
(Note: The companies mentioned above are tentative in nature, and profiles of other market players not listed here can be included on request.) 


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