Europe Luxury Vinyl Tile (LVT) Flooring Market Forecast to 2031 - Regional Analysis - by Type (Rigid and Flexible) and End User (Residential, Commercial, and Institutional)

BMIRE00030898 | Pages: 124 | Chemicals and Materials | Oct 2024 | Type: Regional | Status: Published

The Europe luxury vinyl tile (LVT) flooring market was valued at US$ 6,528.69 million in 2023 and is expected to reach US$ 12,428.08 million by 2031; it is estimated to register at a CAGR of 8.4% from 2023 to 2031.

Expansion of Commercial Sector Drives Europe Luxury Vinyl Tile (LVT) Flooring Market

Luxury vinyl tile (LVT) flooring has emerged as a favored choice for commercial spaces such as offices, retail outlets, and hospitality establishments due to its exceptional durability, low maintenance requirements, and design versatility. In bustling commercial environments, where foot traffic can be intense and continuous, durability is paramount. Luxury vinyl tiles (LVT)’s robust construction ensures it can withstand the rigors of high-traffic areas without succumbing to damage or wear, maintaining its aesthetic appeal and structural integrity over time. Businesses appreciate the low maintenance nature of luxury vinyl tiles (LVT), as its smooth surface is easy to clean, requiring only routine sweeping and occasional mopping to keep it looking pristine. This translates to reduced operational costs and minimal downtime, enhancing the overall efficiency of commercial operations.

Luxury vinyl tiles (LVT) offers unparalleled design flexibility, with a vast array of colors, patterns, and textures to suit diverse aesthetic preferences and interior design themes. Furthermore, the cost-effectiveness of luxury vinyl tiles (LVT), considering its long-term durability and low maintenance requirements, makes it a sound investment for commercial applications, offering significant savings over its lifespan.

Europe Luxury Vinyl Tile (LVT) Flooring Market Overview

Europe luxury vinyl tiles (LVT) flooring market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. European consumers have shown a growing inclination toward LVT flooring due to its durability, ease of maintenance, and aesthetic appeal. This trend is particularly pronounced in Germany, the UK, France, and the Nordic countries, where homeowners, renovators, and businesses seek high-quality, long-lasting flooring solutions. For instance, according to the European Commission, the value of residential renovation in Europe reached approximately US$ 498.5 billion in the year 2023. Additionally, the construction revenue in Europe was valued at approximately US$ 1.45 trillion in 2023. The versatility of LVT, which can replicate the look of natural materials such as hardwood and stone, appeals to European consumers who value both style and practicality in their flooring choices. Regulatory standards and environmental concerns also influence the Europe LVT flooring market. With the EU placing greater emphasis on sustainability and eco-friendliness, manufacturers are under pressure to produce LVT flooring that meets stringent environmental standards. This has led to the development of eco-friendly LVT products made from recycled materials and featuring low VOC emissions, catering to environmentally conscious consumers in Europe.

Economic factors such as urbanization, renovation activities, and housing market trends contribute to the growth of the LVT flooring market in Europe. Urbanization drives demand for flooring solutions in commercial spaces and residential developments, while renovation projects in existing homes and buildings provide opportunities for LVT flooring installation. Additionally, raw material price fluctuations in the housing market impact consumer spending on home improvement projects, including flooring upgrades, influencing the demand for LVT flooring across Europe.

Europe Luxury Vinyl Tile (LVT) Flooring Market Revenue and Forecast to 2031 (US$ Million)

 

Europe Luxury Vinyl Tile (LVT) Flooring Market Revenue and Forecast to 2031 (US$ Million)

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Europe Luxury Vinyl Tile (LVT) Flooring Market Segmentation

 

The Europe luxury vinyl tile (LVT) flooring market is segmented based on type, end user, and country.

Based on type, the Europe luxury vinyl tile (LVT) flooring market is bifurcated into rigid and flexible. The rigid segment held a larger share in 2023.

In terms of end user, the Europe luxury vinyl tile (LVT) flooring market is segmented into residential, commercial, and institutional. The residential segment held the largest share in 2023.

Based on country, the Europe luxury vinyl tile (LVT) flooring market is categorized into Germany, France, the UK, Italy, Spain, and the Rest of Europe. The Rest of Europe dominated the Europe luxury vinyl tile (LVT) flooring market in 2023.

Wedge Industries Ltd; Mohawk Industries, Inc.; Tarkett; Shaw Industries Group, Inc.; Interface Inc; AWI Licensing, LLC; Gerflor Group; Mannington Mills, Inc.; and Forbo Holding AG are some of the leading companies operating in the Europe luxury vinyl tile (LVT) flooring market.

TABLE OF CONTENTS

 

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights

2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

3.4 Limitations and Assumptions

4. Europe Luxury Vinyl Tile (LVT) Flooring Market Landscape

4.1 Overview

4.2 Porter's Analysis

4.2.1 Bargaining Power of Suppliers

4.2.2 Bargaining Power of Buyers

4.2.1 Threat of New Entrants

4.2.2 Intensity of Competitive Rivalry

4.2.3 Threat of Substitutes

4.3 Ecosystem Analysis

4.3.1 Raw Material Suppliers

4.3.2 Manufacturers

4.3.3 Distributors/Suppliers

4.3.4 End Users

4.3.5 List of Vendors in the Value Chain

5. Europe Luxury Vinyl Tile (LVT) Flooring Market - Key Market Dynamics

5.1 Europe Luxury Vinyl Tile (LVT) Flooring Market - Key Market Dynamics

5.2 Market Drivers

5.2.1 Growing Residential Construction

5.2.2 Cost-Effectiveness of Luxury Vinyl Tiles (LVT) Flooring

5.3 Market Restraints

5.3.1 Environmental Concerns

5.4 Market Opportunities

5.4.1 Expansion of Commercial Sector

5.5 Future Trends

5.5.1 Technological Advancements

5.6 Impact of Drivers and Restraints:

6. Luxury Vinyl Tile (LVT) Flooring Market - Europe Market Analysis

6.1 Europe Luxury Vinyl Tile (LVT) Flooring Market Volume (Million Sq. Meter), 2020-2031

6.2 Europe Luxury Vinyl Tile (LVT) Flooring Market Volume Forecast and Analysis (Million Sq. Meter)

6.3 Europe Luxury Vinyl Tile (LVT) Flooring Market Revenue (US$ Million), 2020-2031

6.4 Europe Luxury Vinyl Tile (LVT) Flooring Market Forecast and Analysis

7. Europe Luxury Vinyl Tile (LVT) Flooring Market Volume and Revenue Analysis - by Type

7.1 Rigid

7.1.1 Overview

7.1.2 Rigid: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

7.1.3 Rigid: Europe Luxury Vinyl Tile (LVT) Flooring Market - Volume and Forecast to 2031 (Million Sq. Meter)

7.2 Flexible

7.2.1 Overview

7.2.2 Flexible: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

7.2.3 Flexible: Europe Luxury Vinyl Tile (LVT) Flooring Market - Volume and Forecast to 2031 (Million Sq. Meter)

8. Europe Luxury Vinyl Tile (LVT) Flooring Market Revenue Analysis - by End User

8.1 Residential

8.1.1 Overview

8.1.2 Residential: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

8.2 Commercial

8.2.1 Overview

8.2.2 Commercial: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

8.3 Institutional

8.3.1 Overview

8.3.2 Institutional: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

9. Europe Luxury Vinyl Tile (LVT) Flooring Market -Country Analysis

9.1 Europe Luxury Vinyl Tile (LVT) Flooring Market Overview

9.1.1 Europe Luxury Vinyl Tile (LVT) Flooring Market Revenue and Forecast and Analysis - by Country

9.1.1.1 Europe Luxury Vinyl Tile (LVT) Flooring Market Volume and Forecast and Analysis - by Country

9.1.1.2 Europe Luxury Vinyl Tile (LVT) Flooring Market Revenue and Forecast and Analysis -by Country

9.1.1.3 Germany Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

9.1.1.3.1 Germany Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type

9.1.1.3.2 Germany Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User

9.1.1.4 France Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

9.1.1.4.1 France Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type

9.1.1.4.2 France Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User

9.1.1.5 United Kingdom Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

9.1.1.5.1 United Kingdom Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type

9.1.1.5.2 United Kingdom Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User

9.1.1.6 Italy Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

9.1.1.6.1 Italy Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type

9.1.1.6.2 Italy Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User

9.1.1.7 Russia Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

9.1.1.7.1 Russia Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type

9.1.1.7.2 Russia Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User

9.1.1.8 Rest of Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

9.1.1.8.1 Rest of Europe Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Type

9.1.1.8.2 Rest of Europe Luxury Vinyl Tile (LVT) Flooring Market Breakdown by End User

10. Competitive Landscape

10.1 Heat Map Analysis by Key Players

10.2 Company Positioning & Concentration

11. Industry Landscape

11.1 Overview

11.2 New Product Development

11.3 Merger and Acquisition

12. Company Profiles

12.1 Wedge Industries Ltd

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Mohawk Industries Inc

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Tarkett

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Shaw Industries Group Inc

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Interface Inc

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 AHF LLC

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Gerflor SAS

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Mannington Mills Inc

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Products and Services

12.8.4 Financial Overview

12.8.5 SWOT Analysis

12.8.6 Key Developments

12.9 Forbo Holding AG

12.9.1 Key Facts

12.9.2 Business Description

12.9.3 Products and Services

12.9.4 Financial Overview

12.9.5 SWOT Analysis

12.9.6 Key Developments

13. Appendix

13.1 About The Insight Partners

 

List of Tables

Table 1. Europe Luxury Vinyl Tile (LVT) Flooring Market Segmentation

Table 2. List of Vendors

Table 3. Europe Luxury Vinyl Tile (LVT) Flooring Market - Volume and Forecast to 2031 (Million Sq. Meter)

Table 4. Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Table 5. Europe Luxury Vinyl Tile (LVT) Flooring Market - Volume and Forecast to 2031 (Million Sq. Meter) - by Type

Table 6. Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 7. Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by End User

Table 8. Europe Luxury Vinyl Tile (LVT) Flooring Market - Volume and Forecast to 2031 (Million Sq. Meter) - by Country

Table 9. Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Country

Table 10. Germany Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) - by Type

Table 11. Germany Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 12. Germany Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by End User

Table 13. France Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) - by Type

Table 14. France Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 15. France Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by End User

Table 16. United Kingdom Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) - by Type

Table 17. United Kingdom Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 18. United Kingdom Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by End User

Table 19. Italy Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) - by Type

Table 20. Italy Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 21. Italy Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by End User

Table 22. Russia Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) - by Type

Table 23. Russia Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 24. Russia Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by End User

Table 25. Rest of Europe Luxury Vinyl Tile (LVT) Flooring Market -Volume and Forecast to 2031 (Million Sq. Meter) - by Type

Table 26. Rest of Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by Type

Table 27. Rest of Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million) - by End User

Table 28. Heat Map Analysis by Key Players

List of Figures

Figure 1. Europe Luxury Vinyl Tile (LVT) Flooring Market Segmentation, by Country

Figure 2. Porter's Analysis

Figure 3. Ecosystem: Luxury Vinyl Tiles (LVT) Flooring Market

Figure 4. Impact Analysis of Drivers and Restraints

Figure 5. Europe Luxury Vinyl Tile (LVT) Flooring Market Volume (Million Sq. Meter), 2020-2031

Figure 6. Europe Luxury Vinyl Tile (LVT) Flooring Market Revenue (US$ Million), 2020-2031

Figure 7. Europe Luxury Vinyl Tile (LVT) Flooring Market Share (%) - Type, 2023 and 2031

Figure 8. Rigid: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 9. Rigid: Europe Luxury Vinyl Tile (LVT) Flooring Market - Volume and Forecast to 2031 (Million Sq. Meter)

Figure 10. Flexible: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 11. Flexible: Europe Luxury Vinyl Tile (LVT) Flooring Market - Volume and Forecast to 2031 (Million Sq. Meter)

Figure 12. Europe Luxury Vinyl Tile (LVT) Flooring Market Share (%) - End User, 2023 and 2031

Figure 13. Residential: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 14. Commercial: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 15. Institutional: Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 16. Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue by Key Countries 2023 (US$ Million)

Figure 17. Europe Luxury Vinyl Tile (LVT) Flooring Market Breakdown by Key Countries, 2023 and 2031 (%)

Figure 18. Germany Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 19. France Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 20. United Kingdom Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 21. Italy Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 22. Russia Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 23. Rest of Europe Luxury Vinyl Tile (LVT) Flooring Market - Revenue and Forecast to 2031 (US$ Million)

Figure 24. Company Positioning & Concentration

  1. Wedge Industries Ltd
  2. Mohawk Industries, Inc.
  3. Tarkett
  4. Shaw Industries Group, Inc.
  5. Interface Inc
  6. AWI Licensing, LLC
  7. Gerflor Group
  8. Mannington Mills, Inc.
  9. Forbo Holding AG
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe luxury vinyl tile (LVT) flooring market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in Europe luxury vinyl tile (LVT) flooring market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.
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