WPC LVT Market Report 2024 (Global Edition)

Global WPC LVT Market Report 2024 Market Size Split by Type (Decorative Luxury Vinyl Flooring (LVT), Functional Luxury Vinyl Flooring (LVT)), by Application (Commercial Use, Residential Use), by Concl...

WPC LVT Market Report Description

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WPC LVT Market Insights Video

Competitive Landscape of the WPC LVT Market

Prominent firms such as Mohawk Industries, Shaw Industries, Mannington Mills, Tarkett, and Armstrong Flooring are among the leading manufacturers in the WPC LVT market. These businesses use their broad distribution networks, well-known brands, and advanced technology capabilities to control niche markets. A key competitive strategy is constant innovation in technology, aesthetics, and product design. Producers concentrate on creating novel textures, patterns, and installation methods to accommodate a range of customer tastes and improve product functionality.

Top Companies Market Share in WPC LVT Industry: (In no particular order of Rank)

• Tarkett
• Armstrong
• Mannington Mills
• NOX Corporation
• LG Hausys
• Congoleum
• Mohawk
• Gerflor
• Forbo
• Beaulieu
• Tarkett
• Metroflor
• Milliken
• Polyflor
• Karndean
• Parterre
• Snmo LVT
• Hailide New Material
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the WPC LVT Market

Which Region Dominates the WPC LVT Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. The need for long-lasting, attractive, and eco-friendly flooring options is expected to fuel the expansion of the WPC LVT market in North America. The market's competitive environment and changing customer tastes provide manufacturers and stakeholders with an abundance of opportunities, despite certain difficulties.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the WPC LVT market. Significant infrastructural development and urbanization are occurring throughout the Asia Pacific region, which is driving up demand for public, commercial, and residential structures. This expansion increases the demand for long-lasting, water-resistant, and visually pleasing flooring options, such as WPC LVT.

 

The current report Scope analyzes WPC LVT Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!

North America WPC LVT

According to Cognitive Market Research, the global WPC LVT market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the WPC LVT market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 2.0% during the forecast period. The demand is amplified by the nation's growing technological advancements.
• The Canada WPC LVT market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.0% during the forecast period. Canada's rising investment.
• The Mexico WPC LVT market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.

Europe WPC LVT

According to Cognitive Market Research, the global WPC LVT market size was estimated at USD XX Million out of which Europe held the market more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at compound annual growth rate (CAGR) of 2.5% from 2024 to 2031.

• The United Kingdom's WPC LVT market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 3.3% during the forecast period. In the UK, WPC LVT sales witnessed an upswing due to the growing investment.
• The France WPC LVT market is projected to witness growth at a CAGR of 1.7% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German WPC LVT market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 2.7% during the forecast period. In Germany, WPC LVT sales surged due to the increasing renovation activities.
• The Italy WPC LVT market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD XX million in 2024.
• The Russia WPC LVT market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD XX million in 2024.
• The Spain WPC LVT market is projected to witness growth at a CAGR of 1.6% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg WPC LVT market is projected to witness growth at a CAGR of 2.6% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal WPC LVT market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD XX million in 2024.
• The Greece WPC LVT market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's WPC LVT market is projected to witness growth at a CAGR of 1.2% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific WPC LVT

According to Cognitive Market Research, the global WPC LVT market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.

• According to Cognitive Market Research, China's WPC LVT market size was valued at USD X million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. WPC LVT sales surged in China due to increasing investment.
• The Japan WPC LVT market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.
• The India WPC LVT market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.8% during the forecast period. India's rising urbanization.
• The South Korea WPC LVT market is projected to witness growth at a CAGR of 5.1% during the forecast period, with a market size of USD XX million in 2024.
• The Australian WPC LVT market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia WPC LVT market is projected to witness growth at a CAGR of 7.0% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of the Asia Pacific WPC LVT market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024.

South America WPC LVT

According to Cognitive Market Research, the global WPC LVT market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.

• According to Cognitive Market Research, Brazil's WPC LVT market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. WPC LVT sales flourish in Brazil due to rising investment.
• Argentina WPC LVT market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The growing investment drives the market growth in the nation.
• Colombia WPC LVT market is projected to witness growth at a CAGR of 3.2% during the forecast period with a market size of USD XX million in 2024.
• Peru WPC LVT market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD XX million in 2024.
• Chile WPC LVT market is projected to witness growth at a CAGR of 3.7% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America WPC LVT market is projected to witness growth at a CAGR of 2.5% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa WPC LVT

According to Cognitive Market Research, the global WPC LVT market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• The GCC Countries WPC LVT market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2024. WPC LVT sales flourish due to the growing technological advancements.
• The Egypt WPC LVT market is projected to witness growth at a CAGR of 4.0% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa WPC LVT market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD XX million in 2024. WPC LVT sales flourish in South Africa due to the rising investment.
• The Turkey WPC LVT market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria WPC LVT market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA WPC LVT market is projected to witness growth at a CAGR of 2.7% during the forecast period, with a market size of USD XX million in 2024.

WPC LVT Market Analysis

WPC LVT Market Type Segment Analysis

According to Cognitive Market Research, Functional Luxury Vinyl Flooring (LVT) stands out as the dominating category. WPC LVT and Functional Luxury Vinyl Flooring have a lot of potential to expand because of their water resistance, strength, visual appeal, and ease of installation and upkeep. Further industry expansion is expected to be driven by ongoing innovation, strategic collaborations, and an emphasis on sustainability, despite obstacles such as high beginning prices and environmental concerns. The demand in different areas demonstrates the popularity and adaptability of these flooring options on a global scale.

Decorative Luxury Vinyl Flooring (LVT) emerged as the fastest-growing category in the WPC LVT market. High aesthetic value is provided by the vast array of patterns, colors, and textures that both WPC LVT and Decorative LVT offer to imitate natural materials like stone, wood, and ceramics. These flooring kinds are also well-known for their waterproof qualities, resilience to deterioration, and longevity, which makes them appropriate for high-traffic and damp environments. In addition, these flooring solutions appeal to both professional installers and do-it-yourselfers because of their low maintenance requirements and easy installation technologies like click-lock mechanisms.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of WPC LVT Industry. Request a Free Sample PDF!

WPC LVT Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Commercial Use. WPC LVT is perfect for commercial spaces like offices, retail stores, hotels, healthcare facilities, and educational institutions because of its remarkable durability and resistance to foot traffic. Additionally, WPC LVT provides a more cost-effective option with equivalent aesthetic and practical benefits when compared to traditional materials like hardwood or ceramic tiles, making it a desirable choice for commercial projects with limited funds.

The fastest-growing category in the WPC LVT market is Residential Use. WPC LVT is perfect for high-traffic areas of houses including living rooms, kitchens, and hallways because of its remarkable longevity and resistance to normal wear and tear. Additionally, WPC LVT provides a high aesthetic value and allows homeowners to achieve a variety of interior design styles by offering a wide choice of shapes, colors, and textures that replicate natural materials like wood, stone, and ceramic.

The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the WPC LVT market report 2024 Edition by contacting our team.

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion