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The luxury vinyl tile floor covering market size is forecast to increase by USD 24.01 billion at a CAGR of 11.82% between 2023 and 2028. The luxury vinyl tile (LVT) floor-covering market is experiencing significant growth, driven by the increasing demand for premium and durable flooring solutions. A key trend in the market is the adoption of advanced technologies such as Printed Vinyl Sheets (PVS) and UV-cured urethane coatings, which enhance the aesthetic appeal and durability of LVT flooring. In commercial applications, LVT flooring is gaining popularity in sectors such as hotels and shopping malls due to its easy cleaning and sterilization properties, slip and water resistance, and design flexibility. Architects and designers are increasingly specifying LVT for both commercial and residential applications due to its ability to mimic the look and feel of natural materials like wood and stone, without the maintenance requirements. However, the market faces challenges such as the shortage of skilled labor for installation and the need for continuous innovation to meet evolving consumer preferences.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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