Dublin, March 24, 2025 (Globe Newswire) – “Size and Forecast of the European Luxury Vinyl Tile Flooring Market, Global and Regional Shares, Trends, and Growth Opportunity Analysis Report Coverage: End Users by Type” report has been added to the offer of ResearchAndmarkets.com.
The European luxury vinyl tile (LVT) flooring market is expected to grow by 2031 from USD 65.1 billion in 2023 to USD 122.2 billion. It is expected to grow at a CAGR of 8.2% between 2023 and 2031.
The European luxury vinyl tile (LVT) flooring market is divided into Germany, France, Italy, the UK, Russia, Spain, Belgium, the Netherlands and other Europes. European consumers are increasingly keen on LVT flooring due to durability, ease of maintenance and aesthetic appeal. This trend has been particularly observed in Germany, the UK, France, and Scandinavian countries. There, homeowners, renovations and businesses are looking for high-quality, long-term flooring solutions. For example, the value of home renovations in Europe reached around US$49.85 billion in 2023, according to the European Commission. Furthermore, European construction revenues were valued at around USD 1.45 trillion in 2023.
The versatility of LVT, which allows it to replicate the appearance of natural materials such as hardwoods and stones, appeals to European consumers who value both style and practicality when choosing flooring. Regulatory standards and environmental concerns also affect the European LVT flooring market. With the EU’s focus on sustainability and environmentally friendly, manufacturers are under pressure to produce LVT flooring that meet strict environmental standards. This leads to the development of environmentally friendly LVT products made from recycled materials, caters to environmentally friendly consumers in Europe, and features low VOC emissions.
Luxurious Vinyl Tile (LVT) flooring has emerged as a preferred option for commercial spaces such as offices, retailers and hospitality facilities due to its outstanding durability, low maintenance requirements, and versatility of its design. Durability is paramount in busy commercial environments as pedestrians can become violent and continuous. The robust construction of luxurious vinyl tiles (LVTs) allows them to withstand the harshness of busy areas without succumbing to damage or wear, allowing them to maintain their aesthetic appeal and structural integrity for a long time.
For example, the European Union’s commercial real estate market size reached USD 7.7 trillion in 2023. Additionally, companies appreciate the low maintenance nature of high-grade vinyl tiles (LVTs) as the smooth surfaces are easy to clean and require only regular sweep and occasional mopping to keep it visible untouched. This leads to reduced operating costs and minimal downtime, increasing the overall efficiency of commercial operations.
Based on end users, the European luxury vinyl tile (LVT) flooring market is segmented into residential, commercial, industrial and facilities. In 2023, the housing segment held a large market share during the forecast period. The housing sector holds a major share in the luxury vinyl tile flooring market as it is an ideal choice for areas such as living rooms, dining rooms and bedrooms.
The comfortable foot and easy-to-wash properties of luxurious vinyl tiles make it perfect for home spaces. High-grade vinyl tile flooring is perfect for underground spaces to withstand moisture and temperature fluctuations. It serves as an efficient alternative to traditional concrete floors to provide a warmer and more comfortable environment in the home.
Mohawk Industries Inc, Tarkett, Shaw Industries Group Inc, Interface Inc, Gerflor SAS, Mannington Mills Inc, Forbo Holding AG, Milliken & Company, Beaulieu International Group and Kahrs Bondco AB are one of the leading players in the European luxury vinyl tile (LVT) flooring market. These companies have adopted mergers, acquisitions and product launches to expand their geographic presence and consumer base.
Reasons to buy:
The progressive industry trends in the European luxury vinyl tile (LVT) flooring market are helping players develop effective long-term strategic growth strategies adopted by the development and development market analysis of the European luxury vinyl tile (LVT) flooring market, adopting demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand demand for European luxury (LVT) flooring market development and development market analysis. Buyers and suppliers operating in the industry are forecasting market growth development to understand the demand for high-end vinyl tile (LVT) flooring across European market trends, and combined with outlook combined with factors that promote and suppress the growth of high-end vinyl tile (LVT) flooring flooring flooring, to understand the normal vinyl viny for understanding European market scenarios. Understanding process of understanding y (LVT) flooring market growth in Europe luxury vinyl tile (LVT) flooring market market, various nodes of European luxury vinyl tile (LVT) flooring market dynamics in the industry, European luxury vinyl tile (LVT) flooring market size
Company Profile
Mohawk Industries Inctarottshaw Industries Group Incinterface Incgerflor Sasmannington Mills Incforbo Holding Agmilliken & CompanyBeaulieu International GroupKahrs Bondco AB
Important attributes:
Report attribute attribute. Estimated Market Value (USD) of Pages112ForeCast Period2023-2031 $651 billion Market Value (USD) of 2023 $651 billion $651 billion by 2031 $122.2 billion $122.2 billion annual growth rate of 8.2% cover tow rope, global
Important topics covered:
1. Introduction
1.1 Research Report Guidance
1.2 Market Segmentation
2. executive summary
2.1 Important Insights
2.2 The appeal of the market
3. Research Methodology
3.1 Secondary Study
3.2Major research
4. Landscape of the European luxury vinyl tile (LVT) flooring market
4.1 Overview
4.2 Porter 5 force analysis
4.3 Ecosystem Analysis
4.3.1 Raw materials supplier
4.3.2 Manufacturer
4.3.3 Distributors/Suppliers
4.3.4 End User
4.3.5 List of Vendors in the Value Chain
5. European luxury vinyl tile (LVT) flooring market – Key Market Dynamics
5.1 European Luxury Vinyl Tile (LVT) Flooring Market – Key Market Dynamics
5.2 Market Driver
5.2.1 Cultivation of housing construction
5.2.2 Cost-effectiveness of high-grade vinyl tile (LVT) flooring
5.3 Market constraints
5.3.1 Environmental Concerns
5.4 Market Opportunities
5.4.1 Expanding the Commercial Sector
5.5 Future trends
5.5.1 Technology advances
5.6 The impact of drivers and restraints
6. Analysis of European luxury vinyl tile (LVT) flooring market
6.1 European Luxury Vinyl Tile (LVT) Flooring Market Volume (Million Square Meters), 2021-2031
6.2 Volume forecast and analysis of the European Luxury Vinyl Tile (LVT) Flooring Market (Million Square Meters)
6.3 European Luxury Vinyl Tile (LVT) Flooring Market Revenue (US$1 million), 2021-2031
6.4 Forecast and Analysis of the European Luxury Vinyl Tile (LVT) Flooring Market (US$1 million)
7. Volume and revenue analysis of the European luxury vinyl tile (LVT) flooring market – by type
7.1 Rigidity
7.2 Flexibility
8. Volume and revenue analysis of the European luxury vinyl tile (LVT) flooring market – by end user
8.1 Housing
8.2 Commercial
8.3 Industry
8.4 Facilities
9. European luxury vinyl tile (LVT) flooring market – Country analysis
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European luxury vinyl tile flooring market
