(MENAFN- GlobeNewsWire - Nasdaq) The Luxury Vinyl Tile (LVT) market is witnessing growth due to its aesthetic appeal, durability, and cost-effectiveness. It caters to both residential and commercial sectors, favored for ease of installation, modern design, and eco-friendly innovations. Significant opportunities exist in emerging markets and segments like hospitality and healthcare.

Dublin, Oct. 02, 2025 (GLOBE NEWSWIRE) -- The "Luxury Vinyl Tile Floor Coverings - Global Strategic Business Report" report has been added to ResearchAndMarkets's offering.
The global market for Luxury Vinyl Tile Floor Coverings was valued at US$29.0 Billion in 2024 and is projected to reach US$46.3 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Luxury Vinyl Tile (LVT) has rapidly emerged as a dominant flooring solution, transforming traditional flooring preferences across residential, commercial, and institutional segments. It offers the aesthetic appeal of natural materials like hardwood, stone, or ceramic with significantly enhanced durability, water resistance, and cost-effectiveness. The growing demand for modern, low-maintenance, and visually appealing floor coverings-especially in high-traffic environments-is propelling LVT adoption in both developed and emerging economies. Consumers are increasingly shifting from traditional flooring types such as wood and carpet toward LVT due to its ease of installation, resilience, and compatibility with underfloor heating and acoustic insulation technologies.

What Is Fueling Growth in the Luxury Vinyl Tile Floor Coverings Market Globally?
The growth in the global luxury vinyl tile floor coverings market is driven by several factors, including rising demand for aesthetically rich, low-maintenance, and durable flooring solutions across both residential and commercial sectors. As urbanization intensifies and interior design trends evolve, consumers are increasingly seeking flooring that balances visual appeal, performance, and value. LVT offers the perfect confluence of form and function, positioning it as a mainstream choice for diverse applications.
Technological innovation in rigid core materials, click-lock systems, and decorative imaging is elevating the performance threshold of LVT. Improved ease of installation, longer lifespans, and sustainable formulations are increasing acceptance among architects, contractors, and institutional buyers. Regulatory push for environmentally friendly and low-emission building materials is further boosting adoption, particularly in markets with strict indoor air quality and green certification standards.
Growing real estate development, especially in emerging economies, is expanding the addressable market for mid-range and premium LVT offerings. Meanwhile, digital commerce is simplifying consumer access to branded flooring solutions, offering visualization tools and sample delivery to enhance purchase experience. As branding, customization, and eco-certifications gain weight in buyer decision-making, LVT is evolving from a commodity product into a value-driven design solution, promising continued growth and innovation over the next decade.
How Are Innovations in Material Science and Installation Techniques Shaping the Market?
Ongoing technological advancements are redefining product quality, performance, and environmental compliance in the LVT sector. Multi-layer construction with wear layers, decorative film, rigid cores, and backing systems enhances dimensional stability, reduces telegraphing of subfloor imperfections, and improves underfoot comfort. The introduction of rigid core LVT-especially Stone Plastic Composite (SPC) and Wood Plastic Composite (WPC) variants-has expanded LVT's utility into areas with heavy foot traffic and variable moisture conditions, such as kitchens, bathrooms, and commercial corridors.
Click-lock and loose-lay installation systems are streamlining the deployment process, minimizing the need for adhesives and reducing labor costs and downtime-important considerations in commercial renovations and tenant-fit-outs. These systems also facilitate easy tile replacement, enabling localized repairs without complete floor overhauls. Some manufacturers are integrating acoustic underlayments directly into the tile structure, addressing noise reduction needs in multifamily housing and office environments.
Environmentally conscious innovations are also shaping the market. Recyclable components, phthalate-free formulations, and certifications such as FloorScore and GREENGUARD are gaining traction among institutional buyers and sustainability-driven architects. New LVT products are being designed with bio-based content, reduced volatile organic compounds (VOCs), and enhanced lifecycle performance to align with LEED, WELL, and BREEAM building standards. Smart manufacturing with digital twins and AI-driven quality control is also enhancing production efficiency and product consistency.
Which End-Use Sectors and Regional Markets Are Driving Adoption?
The residential segment continues to be a primary driver of LVT growth, particularly in home remodeling and rental housing markets. Homeowners are increasingly opting for LVT due to its water resistance, pet-friendliness, and ease of cleaning-particularly in living rooms, kitchens, and basements. In multifamily developments and apartment complexes, LVT is favored for its soundproofing, slip resistance, and cost-effective maintenance, reducing the total cost of ownership over time.
In commercial real estate, LVT is expanding rapidly across hospitality, healthcare, retail, and corporate office segments. Hotels and resorts are deploying high-end LVT to replicate natural stone and wood aesthetics without the maintenance burdens of real materials. In healthcare facilities, LVT is used for its hygienic properties, resistance to disinfectants, and ability to withstand rolling loads. In retail, it provides design flexibility for branding and zoning while standing up to high foot traffic and frequent cleaning. Education institutions favor LVT for classrooms and dormitories due to its durability, acoustics, and design versatility.
Regionally, North America leads the global market due to robust residential renovation activity, strong commercial demand, and product familiarity. Europe is experiencing high growth driven by energy-efficient retrofits and sustainable construction mandates. The Asia-Pacific region, especially China and India, is emerging as a high-growth territory due to rapid urbanization, rising disposable incomes, and growing demand for modern interiors. Middle East and Africa markets are also showing traction in hospitality and luxury housing developments. Global LVT producers are investing in local manufacturing hubs, distribution networks, and region-specific product lines to meet demand effectively.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Amtico, Armstrong Flooring, Beauflor, BerryAlloc, CFL Flooring and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Rigid segment, which is expected to reach US$25.5 Billion by 2030 with a CAGR of a 6.5%. The Flexible segment is also set to grow at 10.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $7.9 Billion in 2024, and China, forecasted to grow at an impressive 12.4% CAGR to reach $9.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Scope of the Report

• Segments: Type (Rigid, Flexible); End-Use (Residential End-Use, Commercial End-Use).
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Attributes:

Report Attribute	Details
No. of Pages	265
Forecast Period	2024 - 2030
Estimated Market Value (USD) in 2024	$29 Billion
Forecasted Market Value (USD) by 2030	$46.3 Billion
Compound Annual Growth Rate	8.1%
Regions Covered	Global

Key Topics Covered:
MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Tariff Impact on Global Supply Chain Patterns
• Luxury Vinyl Tile Floor Coverings - Global Key Competitors Percentage Market Share in 2025 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)

MARKET TRENDS & DRIVERS

• Surge in Residential Renovation Activity Propels Adoption of Luxury Vinyl Tile Floor Coverings
• Rising Demand for Cost-Effective Alternatives to Hardwood Throws the Spotlight on LVT Aesthetics
• Advancements in 3D Printing and Embossing Technologies Strengthen Visual Authenticity of LVT Designs
• Growth in Multifamily Housing and Urban Apartments Drives Demand for Durable and Stylish LVT Flooring
• Innovation in Click-Lock Installation Systems Simplifies DIY LVT Adoption Among Homeowners
• Increased Focus on Moisture and Scratch Resistance Expands LVT Use in Kitchens and Bathrooms
• Expansion of Retail and Hospitality Remodeling Projects Spurs Commercial-Grade LVT Demand
• Sustainable Material Innovation and Recyclability Enhance the Green Appeal of Luxury Vinyl Tiles
• Development of Rigid Core and SPC Products Strengthens Product Differentiation in Premium Segments
• Rise in Custom and Designer-Inspired LVT Collections Drives Brand Loyalty in High-End Flooring Markets
• E-Commerce and Virtual Room Visualizers Propel Digital Sales of Luxury Vinyl Tile Coverings
• Partnerships with Interior Designers and Builders Expand B2B Sales Channels for LVT
• Growing Popularity of Open-Plan Living and Minimalist Interiors Drives Demand for Seamless LVT Finishes
• Focus on Sound Absorption and Underlayment Integration Enhances Acoustic Performance in LVT Flooring
• Resilience to Wear and Tear in High-Traffic Zones Sustains Adoption in Office and Retail Environments
• Shifts in Consumer Preferences Toward Easy Maintenance Drive Demand for Non-Porous LVT Surfaces
• Rising Global Demand for Waterproof Flooring Solutions Spurs Innovation in Vinyl Tile Sealing Technologies
• Customization in Tile Sizes, Patterns, and Textures Expands Creative Applications in LVT Projects
• Expansion into Tier II and III Cities Broadens Luxury Vinyl Tile Market Accessibility
• Stringent Indoor Air Quality Standards Reinforce Demand for Low-VOC LVT Certifications

FOCUS ON SELECT PLAYERS: Some of the 34 companies featured in this Luxury Vinyl Tile Floor Coverings market report include:

• Amtico
• Armstrong Flooring
• Beauflor
• BerryAlloc
• CFL Flooring
• Congoleum Corporation
• Forbo Flooring Systems
• Gerflor Group
• Interface Inc.
• IVC Group
• Karndean Designflooring
• LG Hausys
• Mannington Mills
• Mohawk Industries
• Novalis Innovative Flooring
• NOX Corporation
• Parterre Flooring Systems
• Shaw Industries
• Tarkett Group
• Toli Corporation

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• Luxury Vinyl Tile Floor Coverings Market

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