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North America Luxury Vinyl Tile (LVT) Flooring Market Poised for Robust Growth Driven by Innovation and Rising Demand Across Sectors

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[Hyderabad – May 5th, 2025] The North America Luxury Vinyl Tile (LVT) Flooring Market is witnessing substantial growth, driven by rising demand for durable, visually appealing, and cost-efficient flooring options across residential, commercial, and institutional sectors. In 2023, the market was valued at approximately USD xx billion and is anticipated to reach around USD xx billion by 2031, growing at a compound annual growth rate (CAGR) of xx%. The rigid LVT segment leads the market due to its superior durability and suitability for high-traffic areas, while the United States holds the largest market share, supported by active construction and renovation activities.

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Several factors contribute to the market's expansion. Advancements in printing and design technologies have significantly improved the appearance of LVT flooring, enabling it to replicate natural materials like wood and stone with high realism. The addition of features such as waterproofing and scratch resistance has also expanded its usability to moisture-prone environments like kitchens and bathrooms. Additionally, the product’s ease of installation and lower maintenance requirements make it an attractive choice for both new construction and remodeling projects.

 

Key players in the market include Mohawk Industries, Tarkett, Shaw Industries Group, Interface Inc., Gerflor Group, Mannington Mills, Forbo Holding, Congoleum, AWI Licensing, and Wedge Industries. These companies are focused on enhancing their product offerings through innovation, strategic collaborations, and expanding their market footprint through strong distribution networks.

 

The market is segmented based on type into rigid and flexible LVT, and by end-user into residential, commercial, and institutional sectors. Geographically, the market is analyzed across the United States, Canada, and Mexico. With ongoing advancements and increasing consumer inclination toward modern, resilient flooring solutions, the North America LVT Flooring Market is expected to maintain robust growth in the years ahead.

 

About Clearview Market Insights:

Clearview Market Insights is a leading market research and consulting firm providing in-depth industry analysis and strategic recommendations for businesses worldwide.

 

Media contact:

Bhavani K
Marketing and Sales Head
ClearView Market Insights
Mail: 
sales@clearviewmarketinsights.com
Phone: 
+1 917-993-7369

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