No matter where you turn, another company is introducing its version of luxury vinyl tile (LVT), which is the fastest-growing segment of the flooring market.
In the 2016 Floor Trends Flooring Industry Study, 61% of retailers surveyed said they expect sales to grow in the resilient/vinyl/LVT category, with 23% anticipating significant increases. All respondents’ companies indicated selling LVT, while over three-quarters of respondents selling VCT and/or sheet.