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Global Luxury Vinyl Tile (LVT) Market Poised for Robust Growth Through 2031, Reports Reed Intelligence

Reed Intelligence today announced its in-depth market-analysis report on the Global Luxury Vinyl Tile (LVT) Market, projecting steady growth driven by rising demand for waterproof, aesthetically pleasing flooring. According to the report, the market is forecast to grow over the period 2023–2031 at a compound annual growth rate (CAGR) of approximately 8.45 percent.

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Key Highlights

Base Year / Forecast Period: The analysis uses 2023 as the base year and projects through 2031.

Growth Rate: A CAGR of 8.45% over the forecast period.

Regional Snapshot:

Largest Region: North America, underpinned by strong consumer demand and regulatory support for sustainable flooring.

Fastest-Growing Region: Asia Pacific (APAC), fueled by emerging economies, urbanization, and a burgeoning middle class.

Segment Highlights:

By Type: Rigid LVT and Flexible LVT are both analyzed; these remain key segments.

By Application: Residential and Commercial applications are covered, with notable demand in both.

Market Dynamics

Drivers
The global Luxury Vinyl Tile (LVT) market is being propelled by growing demand for waterproof flooring, especially in moisture-prone areas, and by widespread renovation projects in both residential and commercial sectors. Coupled with this is the strong aesthetic appeal of LVT, which offers the look of natural materials like wood and stone with lower maintenance and greater durability.

Restraints
However, the market must contend with economic uncertainties, supply chain disruptions, and regulatory hurdles, which could slow some of the uptake. Competitive pressures also remain intense as manufacturers race to offer differentiated, value-added products.
Yet, these challenges also create opportunities: companies can leverage product innovation, sustainable LVT options, and expansion into commercial applications to capture underserved geographies and emerging customer segments.

Leading Market Players

The report identifies several key players shaping the global LVT landscape:

Tarkett

Armstrong Flooring

Mannington Mills

NOX Corporation

LG Hausys

Congoleum

Mohawk Industries

Gerflor

Forbo Flooring

Beaulieu International Group

RiL

Metroflor

Milliken

Polyflor

Karndean

Market Segmentation

By Type

Flexible LVT

Rigid LVT

By Application

Commercial Use

Residential Use

By Region

North America (USA, Canada)

Europe (UK, Germany, France, Spain, Italy, Russia, Nordic, Benelux, Rest of Europe)

Asia Pacific (China, Korea, Japan, India, Australia, Singapore, Taiwan, Southeast Asia, Rest of APAC)

LAMEA (Latin America, Middle East & Africa) – including countries such as Brazil, Mexico, UAE, South Africa, Egypt, Nigeria, and more.

About Reed Intelligence
Reed Intelligence is a leading market research firm specializing in materials and chemical markets. Its comprehensive reports deliver data-driven insights on market trends, dynamics, and competitive landscapes to help businesses make informed strategic decisions.

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Global Redundant Array of Independent Disks (RAID) Market to Surge at ~ 7.83% CAGR through 2031, Driven by Cloud & Data-Growth Demands

According to a comprehensive market analysis by Reed Intelligence, the global Redundant Array of Independent Disks (RAID) market is projected to grow strongly between 2023 and 2031, posting a compound annual growth rate (CAGR) of approximately 7.83%.

Key Market Highlights

Base Year & Forecast: The report uses 2023 as the base year, with a forecast extending to 2031.

Largest Region: North America leads the market, propelled by a highly advanced technological ecosystem and strong enterprise IT demand.

Fastest-Growing Region: The Asia Pacific region is showing the fastest growth, fuelled by rapid digitization, cloud adoption, and expanding data center capacity.

For More Details- https://reedintelligence.com/m....arket-analysis/globa

By Type Segmentation:

Largest Segment: Hardware RAID Cards, which dominate the market share.

Fastest-Growing Segment: Software RAID Cards, driven by increasing demand for cost-effective and flexible storage solutions.

By Application Segmentation:

Largest Application: Internet Industry (e.g., cloud/web services) is the biggest user segment.

Emerging/Opportune Application: Growth in sectors such as manufacturing, financial, and government is expected as data resiliency and performance demands grow.

Market Dynamics

Drivers:
The primary growth driver for the global Redundant Array of Independent Disks (RAID) market is exponential data generation, particularly driven by cloud computing, big data analytics, and the proliferation of connected devices. Organizations are under increasing pressure to store more data reliably, and RAID architectures provide both performance optimization and fault tolerance.
Furthermore, cyber security concerns and data redundancy requirements are pushing enterprises to adopt RAID solutions that can safeguard against drive failures and data loss, bolstering demand.

Restraints & Challenges:
However, the market faces restraints from implementation costs, especially for small and medium-sized enterprises (SMEs). Deploying RAID systems often requires multiple physical drives, specialized RAID controllers, and infrastructure upgrades, making the initial investment quite steep.
Additionally, the complexity of managing RAID systems, including configuration, maintenance, and scaling, can be a barrier to adoption, particularly for organizations without dedicated storage expertise.

Opportunities:
On the opportunity front, the push toward high-performance storage architectures, such as flash-based RAID and NVMe-based RAID controllers, offers significant upside. The adoption of software-defined storage, hybrid RAID models, and edge computing presents fertile ground for innovation and next-generation RAID deployments.
Moreover, emerging markets in Asia Pacific, Latin America, and LAMEA (Latin America, Middle East & Africa) are becoming increasingly attractive as data infrastructure investments accelerate, providing new avenues for RAID vendors to expand.

Top Market Players

The Reed Intelligence report identifies the following as key players in the global RAID market:

Broadcom (Avago Technologies)

Intel

Dell

Fujitsu

HP

IBM

Lenovo

Microsemi

Supermicro

Areca Technology Corporation

Market Segmentation

By Type

Hardware RAID Card

Software RAID Card

By Application (End-Use Industry)

Internet Industry

Service Industry

Manufacturing Industry

Financial Industry

Government & Others

By Region

North America

Europe

Asia Pacific

LAMEA (Latin America, Middle East & Africa)

About Reed Intelligence
Reed Intelligence is a leading market research firm providing in-depth analysis, trends, and forecasts across a variety of technology sectors. Their Global RAID report offers detailed insights into market share, competitive landscape, regional growth, and future opportunities.

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