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The vinyl flooring market is estimated to grow by USD 12.63 billion at a CAGR of 7.06% between 2023 and 2028. The increase in building and construction activities, particularly in residential and commercial sectors, is boosting demand for flooring materials like LVTs. The low cost and easy maintenance of LVTs make them a popular choice for consumers looking for durable and affordable flooring options. The growing demand for luxury vinyl tiles, known for their high-quality appearance and durability, is further driving market growth as consumers increasingly prefer them over traditional flooring materials. Additionally, the versatility of luxury vinyl tiles in terms of design and installation options makes them a preferred choice for various applications, further driving market growth. The durability of LVTs, which can withstand heavy foot traffic and are resistant to moisture and stains, also contributes to their popularity in both residential and commercial settings.
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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 Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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