According to a new report published by Introspective Market Research, Luxury Vinyl Tiles Market by Type, Installation Method, and End-Use, The Global Luxury Vinyl Tiles Market Size Was Valued at USD 16.70 Billion in 2023 and is Projected to Reach USD 32.54 Billion by 2032, Growing at a CAGR of 8.70%.

Introduction / Market Overview

The global Luxury Vinyl Tiles (LVT) Market has emerged as one of the fastest-growing segments within the flooring industry, driven by its superior performance, durability, and aesthetic versatility. LVT offers the premium appearance of natural materials such as wood and stone while providing superior resistance to moisture, stains, and scratches—making it a preferred solution across both residential and commercial sectors.

Unlike conventional flooring materials, LVT delivers cost efficiency, easier installation, and longer lifespan, making it a modern alternative for homeowners, builders, architects, and facility managers. Its adoption is further influenced by the ongoing shift toward resilient flooring solutions with enhanced comfort, acoustic benefits, and innovative design flexibility.

Growing construction activities, rapid urbanization, and rising consumer preference for stylish yet functional interiors continue to strengthen the demand for luxury vinyl tiles. Additionally, the integration of digital printing technologies and environmentally friendly manufacturing processes is accelerating global market expansion.

Growth Driver

One of the key growth drivers for the Luxury Vinyl Tiles Market is the rising demand for durable, low-maintenance flooring across residential and commercial infrastructure. LVT is widely appreciated for its exceptional resistance to wear, moisture, and stains, making it ideal for high-traffic environments such as retail stores, offices, hospitals, and hospitality facilities. The product’s compatibility with underfloor heating, coupled with advanced printing technologies that replicate natural textures with remarkable accuracy, continues to attract architects and interior designers. Additionally, cost advantages over hardwood and ceramic flooring make LVT a highly preferred choice among homeowners and builders.

Market Opportunity

A major market opportunity lies in the increasing global adoption of sustainable and eco-friendly flooring materials. Manufacturers are investing in recyclable LVT products, low-VOC formulations, and bio-based materials to comply with evolving environmental regulations. This shift aligns with growing consumer demand for green building solutions driven by LEED certifications and environmental safety standards. Moreover, emerging economies—particularly in Asia-Pacific, the Middle East, and Latin America—are experiencing rapid urban development, increasing disposable incomes, and expanding commercial construction, all of which create vast opportunities for LVT penetration. Technological innovations in rigid core LVT further enhance performance, opening new growth avenues.

Luxury Vinyl Tiles Market, Segmentation

(Type)

The Segment A segment is further classified into Rigid LVT and Flexible LVT. Among these, the Rigid LVT sub-segment accounted for the highest market share in 2023.
Rigid LVT is increasingly preferred due to its superior dimensional stability, dent resistance, and ability to withstand heavy foot traffic. It features a strong core structure that enhances durability and minimizes subfloor imperfections, making it especially suitable for commercial spaces, bathrooms, kitchens, and basements. With the rising trend of waterproof flooring and the need for easy installation, rigid LVT products such as SPC and WPC have gained significant global traction. Their realistic textures, acoustic advantages, and comfort underfoot further support widespread adoption across residential and commercial applications.

 (Installation Method)

The Segment B segment is further classified into Glue-Down, Click, and Loose Lay. Among these, the Click sub-segment accounted for the highest market share in 2023.
Click LVT flooring is widely favored because it eliminates the need for adhesives and allows for quick, clean, and convenient installation. This floating-floor mechanism appeals strongly to DIY consumers as well as professional installers across developed and emerging markets. The system reduces labor costs, minimizes downtime, and enables easy replacement or repair of individual planks. Click LVT is highly suitable for residential remodeling and commercial renovations, where installation efficiency and minimal disruption are critical. Its compatibility with modern rigid-core structures further enhances performance, making it one of the most demanded installation formats worldwide.

Some of the Leading/Active Market Players Are:

• Armstrong Flooring (USA)
• Tarkett S.A. (France)
• Mohawk Industries (USA)
• Shaw Industries (USA)
• Gerflor (France)
• Forbo Flooring Systems (Switzerland)
• Mannington Mills (USA)
• Interface Inc. (USA)
• Karndean Designflooring (UK)
• Beaulieu International Group (Belgium)
• LG Hausys (South Korea)
• Novalis Innovations (China)
• Polyflor (UK)
• Milliken & Company (USA)
• CFL Flooring (China)

and other active players.

Key Industry Developments

News 1:

In March 2024, Tarkett launched a new range of recyclable LVT flooring with enhanced environmental certifications.
The new product line uses low-VOC materials and incorporates advanced recycling technology to reduce waste generation across its supply chain. This initiative strengthens Tarkett’s commitment to circular economy principles and addresses increasing demand for eco-friendly flooring solutions in commercial and residential markets.

News 2:

In July 2023, Mohawk Industries expanded its production capacity by inaugurating a new U.S.-based LVT manufacturing facility.
The state-of-the-art facility enhances domestic supply capabilities and supports the growing demand for LVT across North America. With advanced automation and digital manufacturing technologies, the expansion is expected to reduce lead times, increase product availability, and improve sustainability performance.

Key Findings of the Study

• Rigid LVT dominated the market due to superior durability and waterproof properties.
• Click installation method accounted for the largest share in 2023.
• Asia-Pacific and North America remain the leading regional markets.
• Growth driven by construction expansion, remodeling trends, and demand for durable flooring.