Monday, May 29, 2023
  • About Us
  • Contact Us
KsaWeekly.com
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Middle East
  • Press Release
Submit a News Release
No Result
View All Result
KsaWeekly.com
Submit PR
Home Press Release

Luxury Vinyl Tiles (LVT) Flooring Market worth $31.4 billion by 2024

Press Room by Press Room
October 7, 2022
in Press Release
Luxury Vinyl Tiles (LVT) Flooring Market worth $31.4 billion by 2024
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, October 07, 2022 ) The report “Luxury Vinyl Tiles (LVT) Flooring Market by Type (Rigid, Flexible), End-Use Sector (Residential, Non-residential), and Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) – Global Forecast to 2024” The LVT flooring market is projected to grow from USD 18.0 billion in 2019 to USD 31.8 billion by 2024, recording a CAGR of 11.7% from 2019 to 2024. The LVT flooring market is projected to grow in parallel to the growth of the construction industry across the globe. Factors such as the increase in the residential and non-residential constructions, innovation in flooring solutions, rising number of remodeling projects, along with a high demand for durable LVTs that can withstand various weathering actions and resist chemical attacks & deterioration are factors expected to support the market growth during the forecast period.

Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105150640

In terms of value and volume, the flexible segment is estimated to lead the luxury vinyl tiles (LVT) flooring market in 2019.

The flexible segment accounted for a larger share, on the basis of type, in the LVT flooring market as it is affordable and is installed in regions that have extreme weather conditions. It is a traditional glue-down flooring material that inherits several properties such as durability, flexibility, ease installation, and budget-friendly. The growth of the flexible segment remains high due to its properties, which makes it a preferred LVT flooring solution for the residential as well as commercial application. The flexible LVT flooring solutions are considered suitable for almost all applications such as residential and commercial.

In terms of volume, the residential segment leads the luxury vinyl tiles (LVT) flooring market in 2019.

Luxury vinyl tiles (LVT) enhances the aesthetic appeal of a building, along with properties such as durability, comfort, and protection from extreme weather conditions. These factors are also projected to drive the residential sector during the forecast period. In addition, the rise in housing renovations and maintenance is further projected to drive the demand for luxury vinyl tiles in the residential sector. The use of LVT flooring solutions in residential buildings also enhances the aesthetic appeal and provides durability and comfort. Luxury vinyl tiles are preferred for bathrooms, kitchens, laundry rooms, and basements, due to their waterproof features. Further, LVTs don’t trap dust and pet dander in the bedrooms. All these factors are projected to drive the demand for LVT flooring solutions in the residential sector.

Don’t miss out on business opportunities in Luxury Vinyl Tiles (LVT) Flooring Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=105150640

Browse in-depth TOC on “Luxury Vinyl Tiles (LVT) Flooring Market”
137 – Market Data Tables
32 – Figures
146 – Pages

The Asia Pacific region is projected to account for the largest share in the luxury vinyl tiles (LVT) flooring market during the forecast period

The Asia Pacific region is projected to dominate the luxury vinyl tiles (LVT) flooring market, in terms of both value and volume, during the forecast period. Factors such as the increasing number of new housing units and huge investments in the infrastructural sector are projected to drive the luxury vinyl tiles (LVT) flooring market growth in the Asia Pacific region. In addition, increasing demand in countries such as China, Australia, India, Japan, Thailand, Vietnam, and Indonesia, due to the increasing growth opportunities in these countries has driven the market for LVT flooring.

Mohawk Industries (US), Tarkett (France), Forbo (Switzerland), Shaw Industries, Inc. (US), and Interface (US) are the key players operating in the LVT flooring market. Expansions, acquisitions, partnership, and new product developments are some of the major strategies adopted by these key players to enhance their position in the LVT flooring market.

Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=105150640

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Arab Newswire, Press Release Distribution to media in Arab World, Middle East and North Africa Covers 2022 FIFA World Cup in Doha, Qatar

Next Post

Digital Transformation Market is estimated to gain $1,548.9 billion by 2027

RECOMMENDED NEWS

A day in the life of Sheikh Hamdan, Crown Prince of Dubai

5 months ago

Mammography Workstations Market Growth Status, Regional Trends Forecast To 2028

7 months ago
أوتيكو لخدمات المرافئ  يزرع ما يزيد عن  ٢٠٠٠ شجرة في منطقة تامان

أوتيكو لخدمات المرافئ يزرع ما يزيد عن ٢٠٠٠ شجرة في منطقة تامان

5 months ago

LCID Stock Price Prediction: Lucid Eyes Saudi Arabia Markets – The Coin Republic

2 months ago

BROWSE BY CATEGORIES

  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Release
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • IoT in Manufacturing Market Growth, Opportunities Business Scenario, Share, Growth Size, Scope, Key Segments and Forecast to 2026

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0
  • Saudi Arabia’s NuqtahNFT and ConsenSys partner to empower Web 3 startups

    0 shares
    Share 0 Tweet 0

KSA Weekly™ publishes and aggregates business, socio-economic, Tech and industrial news on Saudi Arabia, Middle East and North Africa (MENA).

We provide press release distribution to media in the Kingdom of Saudi Arabia, the Arab world and the GCC/MENA regions. To send your press release, contact us today.

Recent News

Recent Posts
  • Saudi Arabia executes 2 Bahraini men over militant activities; Amnesty called trial 'grossly unfair' – ABC News
  • Saudi Arabia, UAE poised to lead region's $6bn gaming sector: report – Arab News
  • Paragon Developments and Adeer Holding join forces to establish new venture paragon Saudi Arabia for strategic real estate investments – ZAWYA
  • Saudi Arabia executes 2 Bahraini men over militant activities; Amnesty called trial 'grossly unfair' – Devdiscourse
  • 23 Things To Do In 2023 In Saudi Arabia | About Her – About Her

Category

News

Business

Finance

Technology

Lifestyle

Middle East

Press Releases

Subscribe to Our Newsletter

    KSA Weekly ™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Middle East
    • Press Release

    © 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.