Luxury Vinyl Tiles Market worth $21.12 billion by 2030 - Exclusive Report by MarketsandMarkets™

DELRAY BEACH, Fla., July 23, 2025 /PRNewswire/ -- The report "Luxury Vinyl Tiles Market by Type (Rigid, Flexible), Product Type (Click LVT, Glue-down LVT), Distribution Channel (Retail Stores, Online Retail), End-use Sector (Residential, Commercial), & Region - Global Forecast to 2030", luxury vinyl tiles market is expected to reach USD 21.12 billion by 2030 from USD 17.74 billion in 2025, at a CAGR of 3.56% during the forecast period.

The construction sector is experiencing rapid growth, which is expected to boost the luxury vinyl tiles market. The rising number of residential and commercial buildings, along with increased renovations and maintenance work, will contribute to the growing demand for LVTs. Additionally, the urban population's desire for decorative interiors—driven by enhanced lifestyles—may further accelerate growth in the LVT market.

Browse in-depth TOC on "Luxury Vinyl Tiles Market"

350 – Tables
50 – Figures
300 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=105150640

Rigid type of luxury vinyl tiles to be the fastest-growing segment in the market

The rigid segment has recently become the leading category in terms of value. Rigid-type LVT is recognized for its durability, offering resistance to dents, scratches, and temperature fluctuations. This feature makes it particularly well-suited for high-traffic areas and environments with higher moisture levels. One of the main advantages of rigid-type LVT is its compatibility with various existing subfloors, including concrete, plywood, and previous flooring materials. It can be installed easily using either a click-lock or glue-down method. This straightforward installation process not only reduces labor costs but also saves time, making it a popular choice among industry professionals and DIY enthusiasts.

Click LVT segment to register the fastest growth during the forecast period

Click LVT is recognized as one of the fastest-growing segments in the LVT market. Its rising popularity can be attributed to several key factors, including an easy installation process, cost-effectiveness, and versatility. This type of flooring is particularly favored for both residential and commercial use. The innovative click-lock mechanism allows for quick, glue-free installation, significantly reducing labor time and costs. This feature is especially beneficial for renovation projects, making Click LVT an appealing choice for those looking to update their spaces efficiently.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=105150640 

Heavy-duty vehicles segment to account for largest market share during the forecast period

The sales of LVT is experiencing significant growth within retail distribution channels, largely attributed to enhanced in-store experiences, increased consumer trust, and better accessibility. Retail environments, especially large home improvement chains and specialized flooring stores, allow customers to physically see, touch, and compare various LVT products. This tactile engagement not only helps customers make informed decisions but also boosts their confidence in the quality and design of the products.

Residential sector to account for the largest market share during the forecast period

The residential sector stands out as the leader in terms of both value and volume. The growth of the luxury vinyl tiles market in the residential segment is largely driven by a variety of home renovation and maintenance projects. As spending on residential construction is expected to increase significantly, particularly in the dynamic and rapidly developing regions of the Asia Pacific and Latin America, a notable trend of urbanization is taking place. This urbanization not only transforms landscapes but also accelerates the growth rate of residential construction, surpassing the growth in more established markets in developed regions.

Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=105150640 

North America to hold the largest market share during the forecast period

North America is recognized as the leading region in this market, dominating in terms of both volume and value. The continuous growth of residential and commercial construction activities in the US and Canada, particularly in recent years, has significantly increased the demand for floor and wall covering materials. Among these, luxury vinyl tiles have gained popularity due to their durability, versatility, and affordability. Furthermore, the rising trend of renovation and remodeling projects across North America has further intensified the demand for luxury vinyl tiles.

The report profiles key companies such as Mohawk Industries, Inc. (US), Tarkett (France), Shaw Industries Group, Inc. (US), Interface, Inc. (US), Gerflor (France), Forbo Group (Switzerland), Armstrong Flooring (US), Mannington Mills, Inc. (US), Responsive Industries Ltd. (India), and LX Hausys (South Korea).

Get access to the latest updates on  Luxury Vinyl Tiles Companies and Luxury Vinyl Tiles Market Size

Browse Adjacent Market: Building and Construction Market Research Reports & Consulting

Related Reports:

Flooring Market - Global Forecast to 2028

Ceramic Tiles Market - Global Forecast to 2030

Ceiling Tiles Market - Global Forecast to 2027

Underwater Concrete Market - Global Forecast to 2028

Heavy Construction Equipment Market - Global Forecast to 2030

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com/

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

SOURCE MarketsandMarkets