According to a market report by Lucintel, the future of the global luxury vinyl tiles (LVT) flooring market looks promising with opportunities in the residential and non-residential markets. The global luxury vinyl tiles (LVT) flooring market is expected to reach an estimated $44.0 billion by 2030 from $23.5 billion in 2024,at a CAGR of 11.0% from 2024 to 2030. The major drivers for this market are significantly growing construction industry, rapid urbanization, and rising inclination towards interior decoration.A more than 150-page report to understand trends, opportunity and forecast in luxury vinyl tiles (LVT) flooring market to 2030 by type (rigid and flexible), end use (residential and non-residential), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that medium light intensity is expected to witness highest growth over the forecast period due to increasing demand for advanced feature navigation lighting in the aerospace and marine industries.
Within this market, marine will remain the larger segment due to highest usage by water vessels for avoiding any accident and to provide information such as direction, position, and size of the vessels.
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APAC is expected to witness highest growth over the forecast period due to growing demand for air travel & tourism industries in the region.
Hella, OSRAM, Carmanah Technologies Corporation, WEG Electric Corporation, Perko, Aqua Signal, Oceanledare the major suppliers in the luxury vinyl tiles (LVT) flooring market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
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Roy Almaguer
Lucintel
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Email: [email protected]
Tel. +1-972-636-5056
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