Europe luxury vinyl tile (LVT) flooring market is expected to grow from US$ 6.51 billion in 2023 to US$ 12.22 billion by 2031. It is expected to grow at a CAGR of 8.2% from 2023 to 2031.
Europe luxury vinyl tile (LVT) flooring market is segmented into Germany, France, Italy, the UK, Russia, Spain, Belgium, the Netherlands, 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 observed 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.
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 tile (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.
For instance, the commercial real estate market size in the European Union reached US$ 7.7 trillion in 2023. Moreover, businesses appreciate the low maintenance nature of luxury vinyl tile (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.
Based on end user, the Europe luxury vinyl tile (LVT) flooring market is segmented into residential, commercial, industrial, and institutional. In 2023, the residential segment held a significant market share during the forecast period. The residential sector holds the major share in the luxury vinyl tiles flooring market as it is an ideal choice for areas such as the living room, dining room, and bedrooms. The comfortable underfoot and easy-to-clean characteristics of luxury vinyl tiles make it a perfect fit for household spaces. Luxury vinyl tile flooring is also best suited for basement spaces to withstand moisture and temperature fluctuations. It acts as an efficient alternative to traditional concrete floors in providing a warmer and more comfortable environment in households.
Mohawk Industries Inc, Tarkett, Shaw Industries Group Inc, Interface Inc, Gerflor SAS, Mannington Mills Inc, Forbo Holding AG, Milliken & Company, Beaulieu International Group, and Kährs BondCo AB are among the leading players in the Europe luxury vinyl tile (LVT) flooring market. These companies are adopting mergers & acquisitions and product launches to expand their geographic presence and consumer base.
The overall Europe luxury vinyl tile (LVT) flooring market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants, including valuation experts, research analysts, and key opinion leaders - specializing in the Europe luxury vinyl tile (LVT) flooring market.
Europe luxury vinyl tile (LVT) flooring market is segmented into Germany, France, Italy, the UK, Russia, Spain, Belgium, the Netherlands, 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 observed 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.
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 tile (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.
For instance, the commercial real estate market size in the European Union reached US$ 7.7 trillion in 2023. Moreover, businesses appreciate the low maintenance nature of luxury vinyl tile (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.
Based on end user, the Europe luxury vinyl tile (LVT) flooring market is segmented into residential, commercial, industrial, and institutional. In 2023, the residential segment held a significant market share during the forecast period. The residential sector holds the major share in the luxury vinyl tiles flooring market as it is an ideal choice for areas such as the living room, dining room, and bedrooms. The comfortable underfoot and easy-to-clean characteristics of luxury vinyl tiles make it a perfect fit for household spaces. Luxury vinyl tile flooring is also best suited for basement spaces to withstand moisture and temperature fluctuations. It acts as an efficient alternative to traditional concrete floors in providing a warmer and more comfortable environment in households.
Mohawk Industries Inc, Tarkett, Shaw Industries Group Inc, Interface Inc, Gerflor SAS, Mannington Mills Inc, Forbo Holding AG, Milliken & Company, Beaulieu International Group, and Kährs BondCo AB are among the leading players in the Europe luxury vinyl tile (LVT) flooring market. These companies are adopting mergers & acquisitions and product launches to expand their geographic presence and consumer base.
The overall Europe luxury vinyl tile (LVT) flooring market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants, including valuation experts, research analysts, and key opinion leaders - specializing in the Europe luxury vinyl tile (LVT) flooring market.
Reasons to Buy:
- Progressive industry trends in the Europe luxury vinyl tile (LVT) flooring market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the Europe luxury vinyl tile (LVT) flooring market from 2021 to 2031
- Estimation of the demand for Europe luxury vinyl tile (LVT) flooring across various industries
- Porter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
- Recent developments to understand the competitive market scenario and the demand for luxury vinyl tile (LVT) flooring across Europe
- Market trends and outlook coupled with factors driving and restraining the growth of the Europe luxury vinyl tile (LVT) flooring market
- Decision-making process by understanding strategies that underpin commercial interest concerning the Europe luxury vinyl tile (LVT) flooring market growth
- The Europe luxury vinyl tile (LVT) flooring market size at various nodes of the market
- Detailed overview and segmentation of the Europe luxury vinyl tile (LVT) flooring market as well as its dynamics in the industry
- The Europe luxury vinyl tile (LVT) flooring market size in different regions with promising growth opportunities
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Luxury Vinyl Tile (LVT) Flooring Market Landscape
5. Europe Luxury Vinyl Tile (LVT) Flooring Market - Key Market Dynamics
6. Europe Luxury Vinyl Tile (LVT) Flooring Market Analysis
7. Europe Luxury Vinyl Tile (LVT) Flooring Market Volume and Revenue Analysis - by Type
8. Europe Luxury Vinyl Tile (LVT) Flooring Market Volume and Revenue Analysis - by End User
9. Europe Luxury Vinyl Tile (LVT) Flooring Market - Country Analysis
10. Competitive Landscape
11. Industry Landscape
12. Company Profiles
13. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Europe Luxury Vinyl Tile (LVT) Flooring Market include:- Mohawk Industries Inc
- Tarkett
- Shaw Industries Group Inc
- Interface Inc
- Gerflor SAS
- Mannington Mills Inc
- Forbo Holding AG
- Milliken & Company
- Beaulieu International Group
- Kährs BondCo AB
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 112 |
| Published | January 2025 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 6.51 Billion |
| Forecasted Market Value ( USD | $ 12.22 Billion |
| Compound Annual Growth Rate | 8.2% |
| Regions Covered | Europe, Global |
| No. of Companies Mentioned | 11 |
