By MarketsandMarkets
According to the new market research report Luxury Vinyl Tiles (LVT) Flooring Market by Type (Rigid, Flexible), End-Use Sector (Residential, Non-residential), and Region (North America, Asia Pacific, Europe, Middle East & Africa, and South America) – Global Forecast to 2024, the LVT flooring market is projected to grow from $ 18 billion in 2019 to $31.8 billion by 2024.
The luxury vinyl tiles flooring industry is projected to grow in parallel to the growth of the construction industry across the globe. Factors such as the increase in residential and non-residential constructions, innovation in flooring solutions, rising number of remodeling projects, along with a high demand for durable LVTs that can withstand various weathering actions and resist chemical attacks & deterioration are factors expected to support the market growth during the forecast period.
Posted on August 29, 2019