Luxury Vinyl Flooring Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Luxury Vinyl Flooring Market in 2025 is estimated at USD 28.69 billion. The global market size was more than USD 26.53 billion in 2024 and is anticipated to grow at a CAGR of over 10.2%, reaching USD 93.78 billion revenue by 2037. North America is forecasted to hit USD 33.57 billion by 2037, attributed to the increasing construction activities in North America and the growing interest among consumers for visually appealing flooring options.
The market for luxury vinyl flooring is expected to increase significantly due to its durability and adaptability. For a fraction of the price, LVF offers a vast array of design possibilities that replicate the appearance of different natural materials including stone, hardwood, and ceramic tile. Customers in both residential and business settings who want upscale aesthetics without the expense and upkeep of maintenance will find this adaptability appealing. Durability is directly impacted by the wear layer thickness of vinyl flooring, which is expressed in mils. A 20 mil coating can last up to 20 years, whereas a 6 mil layer lasts around 6 years. Greater foot traffic is best handled by thicker wear layers.
An important factor driving the market is the growing focus on cleanliness and effortless upkeep. More and more customers are opting for flooring choices that offer easy maintenance and promote a clean environment.
