In its Luxury Vinyl Flooring Market Research Report 2024, Precision Reports offers statistical information about the market’s past and present conditions, production costs, volume, share, size and growth from around the globe. 

The report includes the following types of flooring under luxury vinyl flooring (LVF): 

• Luxury vinyl tiles and planks. 
• Loose-lay vinyl. 
• Solid polymer composite (SPC). 
• Wood plastic composite (WPC). 

Global market 

The global market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2022, the market grew at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon. 

Note: The data of the manufacturer in this report is based on the data of the terminal brand. At present, most factories are located in China and South Korea, which export vinyl and laminate flooring to the world, but most of them are sold through the trademarks of other companies. Therefore, for statistical purposes, the data in this report is based on the final sales brand or the player’s own brand. 

Market value 

The global market size is estimated to be worth USD10 billion in 2021 (±R186 billion) and is forecast to a readjusted size of USD20 billion (±R3,762 billion) by 2028, with a compound annual growth rate (CAGR) of 10,3% during the forecast period of 2022 to 2028. 

Regional analysis 

North America and Europe are the main markets, occupying over 80% of the global market. Residential use is the main application, which holds a share of about 75%.

Leading regions: 

• North America (United States, Canada and Mexico). 
• Europe (Germany, United Kingdom, France, Italy, Russia and Turkey etc.). 
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam). 
• South America (Brazil, Argentina, Columbia etc.). 
• Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa). 

A quick overview of the global luxury vinyl flooring market. 

Full acknowledgement and thanks go to:

www.precisionreports.co for the information in this article.