According to Cognitive Market Research, the global Luxury Vinyl Flooring market size is USD 30514.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.60% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 12205.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 9154.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 7018.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD 1525.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.
Middle East and Africa hada market share of around 2% of the global revenue and was estimated at a market size of USD 610.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031.
Commercial spaces stand out as the dominant category for luxury vinyl flooring in the market. This dominance is driven by the flooring's ability to withstand high foot traffic, maintain aesthetic appeal, and offer durability over time.
