According to Cognitive Market Research, The Global luxury vinyl tile market size is USD 19.8 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 12.50% from 2023 to 2030
The demand for luxury vinyl tile is rising due to the numerous strategies adopted by key participants.
Demand for commercial use remains higher in the luxury vinyl tile market.
The rigid luxury vinyl tile category held the highest luxury vinyl tile market revenue share in 2023.
Asia Pacific luxury vinyl tile will continue to lead, whereas the European luxury vinyl tile market will experience the most substantial growth until 2030.
