Global Luxury Vinyl Tile (LVT) Market Poised for Robust Growth Through 2031, Reports Reed Intelligence

Reed Intelligence today announced its in-depth market-analysis report on the Global Luxury Vinyl Tile (LVT) Market, projecting steady growth driven by rising demand for waterproof, aesthetically pleasing flooring. According to the report, the market is forecast to grow over the period 2023–2031 at a compound annual growth rate (CAGR) of approximately 8.45 percent.

Key Highlights
Base Year / Forecast Period: The analysis uses 2023 as the base year and projects through 2031.
Growth Rate: A CAGR of 8.45% over the forecast period.

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https://reedintelligence.com/m....arket-analysis/globa


Regional Snapshot:

Largest Region: North America, underpinned by strong consumer demand and regulatory support for sustainable flooring.

Fastest-Growing Region: Asia Pacific (APAC), fueled by emerging economies, urbanization, and a burgeoning middle class.

Segment Highlights:

By Type: Rigid LVT and Flexible LVT are both analyzed; these remain key segments.

By Application: Residential and Commercial applications are covered, with notable demand in both.