US Luxury Vinyl Tiles Market Research Report: By Type (Rigid, Flexible) and By Application (Residential, Non-Residential) - Forecast to 2035

US Luxury Vinyl Tiles Market Research Report: By Type (Rigid, Flexible) and By Application (Residential, Non-Residential) - Forecast to 2035.

US Luxury Vinyl Tiles Market Overview:

As per MRFR analysis, the US Luxury Vinyl Tiles Market Size was estimated at 2.13 (USD Billion) in 2023. The US Luxury Vinyl Tiles Market Industry is expected to grow from 2.5(USD Billion) in 2024 to 6.5 (USD Billion) by 2035. The US Luxury Vinyl Tiles Market CAGR (growth rate) is expected to be around 9.075% during the forecast period (2025 - 2035).

Key US Luxury Vinyl Tiles Market Trends Highlighted

The US Luxury Vinyl Tiles (LVT) market is experiencing significant growth driven by several key market drivers. One primary driver is the increasing demand for durable and aesthetically pleasing flooring options. With continuous innovations in design and technology, LVT has become an attractive choice for both residential and commercial spaces. Additionally, the rising awareness regarding sustainability has led manufacturers to use eco-friendly materials and production methods, which resonate well with environmentally conscious consumers. Opportunities in the market are abundant, particularly as urbanization continues to rise across the United States.With more people moving to cities, there is a higher demand for versatile flooring solutions that can accommodate various lifestyles and preferences, thus opening avenues for expansion and diversification in product offerings. Recent trends in the US LVT market include the growing popularity of realistic wood and stone appearances, which cater to consumer desire for the appearance of natural materials without the associated maintenance costs. Innovations such as enhanced water resistance and scratch resistance are also shaping customer preferences, especially among homeowners and businesses looking for practicality and longevity in their flooring choices.Moreover, the COVID-19 pandemic has shifted consumer behavior towards home improvement projects, further fueling the demand for luxury vinyl tiles as people invest more in their living spaces. The shift towards online purchasing platforms is another trend gaining momentum, allowing consumers to explore options and make purchases conveniently from their homes. The overall market dynamics suggest a favorable outlook for the US Luxury Vinyl Tiles sector as it continues to adapt to changing consumer preferences and market conditions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

US Luxury Vinyl Tiles Market Drivers

Rising Demand for Sustainable and Eco-Friendly Flooring Solutions

The US Luxury Vinyl Tiles Market Industry is experiencing significant growth driven by increasing consumer preference for sustainable and eco-friendly flooring options. As awareness regarding environmental issues grows, consumers are seeking flooring solutions that contribute to sustainable practices. According to the Environmental Protection Agency (EPA), approximately 28% of households in the US prioritize eco-friendly options when renovating their homes.Major manufacturers like Shaw Industries and Mohawk Industries are responding to this demand by introducing products made from recycled materials and utilizing environmentally friendly production processes. With the US government also promoting energy-efficient and sustainable building practices through various incentives, the market is set to expand as more consumers and businesses adopt sustainable flooring solutions that align with their values and contribute to reducing carbon footprint.

Technological Advancements in Vinyl Tile Production

Innovations in technology within the US Luxury Vinyl Tiles Market Industry are driving significant advancements in product quality, durability, and design aesthetics. Recent developments in printing technologies and material compositions have led to the production of high-quality luxury vinyl tiles that can convincingly mimic natural materials like wood and stone. The National Floor Covering Association reports that over the past five years, the adoption of advanced manufacturing techniques has increased efficiency by 15%, allowing manufacturers to lower production costs while enhancing product features.Companies like Armstrong Flooring are leading the way in adopting new technologies, which significantly bolsters consumer interest and drives market growth.

Increased Renovation and Remodeling Activities

The trend of home renovations and remodeling is a critical driver of growth for the US Luxury Vinyl Tiles Market Industry. According to the Joint Center for Housing Studies at Harvard University, residential remodeling expenditures are projected to reach an annual value of $400 billion by 2025. This increasing trend is fueled by homeowners looking to enhance the functionality and aesthetics of their spaces. As luxury vinyl tiles offer both affordability and premium appearance, they are becoming a popular choice among homeowners.Furthermore, organizations like the National Association of Home Builders have noted a surge in the number of home improvement projects, further supporting the demand for luxury vinyl flooring as a preferred material choice.

US Luxury Vinyl Tiles Market Segment Insights:

Luxury Vinyl Tiles Market Type Insights

The US Luxury Vinyl Tiles Market is witnessing significant growth, driven largely by its diverse segmentation, particularly within the Type category. The market consists mainly of Rigid and Flexible vinyl tiles, each serving distinct consumer preferences and needs. Rigid vinyl tiles, known for their durability and resistance to heavy foot traffic, are becoming increasingly popular in commercial applications where longevity is crucial. This type is particularly appealing to businesses seeking a cost-effective flooring solution that does not compromise aesthetic appeal, as these tiles often mimic natural materials like wood and stone, catering to design-conscious consumers. On the other hand, Flexible vinyl tiles are gaining traction in residential spaces due to their ease of installation and maintenance. Their elastic properties make them ideal for environments where comfort underfoot is important, such as kitchens and bedrooms. The demand for Flexible tiles is driven by trends favoring DIY home improvement projects, as many homeowners can install these tiles without professional assistance, thereby saving on labor costs. In recent years, there has been a noticeable shift toward sustainable and eco-friendly building materials in the US, prompting manufacturers of both Rigid and Flexible types to innovate and offer products that comply with environmental standards. As consumers become more aware of the benefits of Luxury Vinyl Tiles, their appeal in the marketplace continues to expand, bolstered by the growing preference for multifunctional and versatile flooring options. The US Luxury Vinyl Tiles Market is expected to thrive amid these shifting consumer preferences, with significant opportunities arising from advancements in technology that enhance the performance and aesthetics of both Rigid and Flexible vinyl tiles. The increasing emphasis on quality, design versatility, and sustainable practices positions both types as strong contenders in the competitive market landscape. These dynamics contribute to the overall growth trends within the US Luxury Vinyl Tiles Market, aligning with evolving demands for style, functionality, and environmental responsibility across various segments of the industry.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review

Luxury Vinyl Tiles Market Application Insights

The Application segment of the US Luxury Vinyl Tiles Market is pivotal, comprising both Residential and Non-Residential sectors, which significantly drive market trends and growth. The Residential sector is characterized by a surge in demand for flooring solutions that offer not only aesthetic appeal but also durability and ease of maintenance, making luxury vinyl tiles a favored choice among homeowners. This choice is influenced by factors such as increasing disposable incomes and a growing trend in home renovations. On the other hand, the Non-Residential segment benefits from a rising focus on commercial spaces, where aesthetics and functionality are equally important.Businesses in retail and hospitality are increasingly opting for luxury vinyl tiles due to their versatility and the ability to withstand high foot traffic. The rising emphasis on sustainable building practices further boosts the appeal of luxury vinyl tiles, as many products in this category are designed with eco-friendliness in mind. Overall, the segmentation of the US Luxury Vinyl Tiles Market into Residential and Non-Residential applications reflects diverse yet interconnected consumer demands, highlighting the industry's adaptability to changing preferences and needs across various environments.As trends continue to evolve, the market stands to benefit immensely from innovations that cater to both residential comfort and commercial efficiency.

US Luxury Vinyl Tiles Market Key Players and Competitive Insights:

The US Luxury Vinyl Tiles Market is characterized by an increasingly competitive landscape, driven by a surge in demand for high-quality, stylish, and durable flooring solutions. This market has witnessed considerable growth in recent years, as consumers and businesses alike seek alternatives to traditional flooring options. Factors such as the rise in construction activities, renovation projects, and an emphasis on aesthetics and functionality are propelling the market forward. The competitive dynamics of the market are shaped by a mix of established players and newer entrants, each vying for market share through innovations in product design, technology, and sustainability practices. Understanding these competitive insights is crucial for stakeholders aiming to navigate and capitalize on the evolving demands of the luxury vinyl tile segment.Berry Global is a key player in the US Luxury Vinyl Tiles Market, known for its strong presence and commitment to producing high-quality flooring solutions. The company has leveraged its expertise in material science and manufacturing to create innovative products that not only emphasize aesthetic appeal but also durability and sustainability. With a wide-reaching distribution network, Berry Global is well-positioned to cater to customers across various segments, including residential, commercial, and industrial. The company’s strengths lie in its ability to rapidly respond to market trends, the integration of environmentally-friendly practices into its production processes, and strong relationships with retailers and contractors. These attributes contribute to Berry Global's competitive edge and enable it to maintain a solid footing within the dynamic landscape of luxury vinyl tiles.Armstrong Flooring also plays a significant role in the competitive landscape of the US Luxury Vinyl Tiles Market. The company is recognized for its diverse range of products, including luxury vinyl tile, laminate flooring, and other resilient flooring solutions. Armstrong Flooring's commitment to innovation is evident in its continuous development of new designs and technologies to meet customer demands for both functionality and aesthetics. Strengthened by a comprehensive distribution network, Armstrong Flooring enjoys a robust market presence that spans various channels, including home improvement stores and professional contractors. The company's strengths are further accentuated by its strategic efforts towards sustainability, highlighted by its eco-friendly product offerings. Additionally, Armstrong Flooring has engaged in mergers and acquisitions to enhance its market position and expand its capabilities, allowing it to capitalize on growth opportunities and strengthen its portfolio in the US market.

Key Companies in the US Luxury Vinyl Tiles Market Include:

Berry Global

Armstrong Flooring

Interface

Forbo Flooring

Congoleum

Mannington Mills

Karndean Designflooring

Flexco

Beaulieu International Group

Daltile

Tarkett

WPC Flooring

Gerflor

Mohawk Industries

Shaw Industries

US Luxury Vinyl Tiles Market Industry Developments

The US Luxury Vinyl Tiles Market has recently experienced significant developments. In September 2023, Armstrong Flooring announced a new sustainability initiative aimed at reducing carbon emissions, which aligns with the growing demand for eco-friendly flooring solutions. Additionally, Mannington Mills reported an expansion in its product line, introducing designs that cater to contemporary aesthetics. In terms of mergers and acquisitions, there have been no significant publicized activities involving major players like Mohawk Industries or Shaw Industries recently. However, in mid-2022, Tarkett completed the acquisition of a specialized flooring firm to strengthen its market position. The market valuation for luxury vinyl tiles has seen a steady growth rate of approximately 5% annually, driven by increasing demand in residential and commercial segments. The growth is further bolstered by innovations in design and technology, with companies like Karndean Designflooring and Forbo Flooring leading the way in product development. The market's expansion is also influenced by the ongoing shift towards high-performance, low-maintenance flooring options, reflecting changes in consumer preferences observed over the past few years.

US Luxury Vinyl Tiles Market Segmentation Insights

Luxury Vinyl Tiles Market Type Outlook

Rigid

Flexible

Luxury Vinyl Tiles Market Application Outlook

Residential

Non-Residential

Report Scope: ,,,,,,,,,,,,,

Report Attribute/Metric Source:	Details
MARKET SIZE 2018	2.13(USD Billion)
MARKET SIZE 2024	2.5(USD Billion)
MARKET SIZE 2035	6.5(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	9.075% (2025 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
MARKET FORECAST PERIOD	2025 - 2035
HISTORICAL DATA	2019 - 2024
MARKET FORECAST UNITS	USD Billion
KEY COMPANIES PROFILED	Berry Global, Armstrong Flooring, Interface, Forbo Flooring, Congoleum, Mannington Mills, Karndean Designflooring, Flexco, Beaulieu International Group, Daltile, Tarkett, WPC Flooring, Gerflor, Mohawk Industries, Shaw Industries
SEGMENTS COVERED	Type, Application
KEY MARKET OPPORTUNITIES	Sustainable manufacturing practices, Increased demand for stylish flooring, High growth in DIY renovations, Expansion in commercial applications, Technological advancements in product design
KEY MARKET DYNAMICS	growing demand for sustainable materials, increasing renovation and remodeling activities, rise in disposable income, technological advancements in flooring, popularity of minimalistic design trends
COUNTRIES COVERED	US