LVT is the acronym for "luxury vinyl tile". It's a marketing term used by many companies to describe their waterproof rigid core vinyl flooring whose decorative patterns mimic the appearance of natural wood, granite, or other types of flooring. There is no exact definition of terms, only generality. In fact, it's not a separate category of tiles, it's just a way to describe standard waterproof rigid core vinyl flooring that are designed to match natural flooring.
In recent years, waterproof rigid core vinyl flooring have been popular all over the world. Its sales volume increased from 307 million square meters in 2014 to 625 million square meters in 2018, with an average growth rate of more than 19%. Europe is the largest consumer region in the world, followed by North America.
The major producers in the industry are Tarkett, Armstrong, and NOx Corporation, accounting for 4.30%, 2.76%, and 2.85% of revenue respectively.
The global waterproof rigid luxury vinyl flooring market will reach 58.2 billion yuan in 2019 and 135.5 billion yuan in 2026, with a CAGR of 12.0%.
This report studies the development status and future development trend of global and Chinese waterproof rigid core vinyl flooring and analyzes the main production areas, main consumption areas, and main producers of luxury vinyl flooring (LVT) from the perspective of production and consumption. This paper focuses on the analysis of the product characteristics, product specifications, prices, output, and the output value of different types of products of major manufacturers in the world and China, as well as the market share of major manufacturers in the global and Chinese markets. The historical data is from 2015 to 2019, and the forecast data is from 2020 to 2026.