Asia-Pacific Floor Covering Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.90 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Floor Covering Market Analysis
Asia-Pacific is expected to be the fastest-growing market for floor covering during the forecast period. The growth in the region can be attributed to the growing construction industry, supportive government policies and plans, and rapid urbanization.
- China is projected to grow at the highest rate in the Asia Pacific floor covering market.
- Booming industrialization has created significant momentum in the demand for tiles and other flooring across the world and especially in the emerging economies of Asia-Pacific.
- Investment in infrastructure and capital projects is expected to witness substantial growth in the next few years. Additionally, the residential sector may continue its dominance in the application segments over the predicted period, owing to the replacement demand in the market.
- The demand for durable, low maintenance, affordable, and visually appealing products has led to innovation in the industry for products that are expected to provide comfort and value for money.
Asia-Pacific Floor Covering Market Trends
This section covers the major market trends shaping the APAC Floor Covering Market according to our research experts:
China is the Major Exporter of Ceramic Tiles to the United States
The growth in the ceramic tiles market may vary in co-relation with the construction industry. Increasing residential construction is expected to drive the demand for indoor and outdoor wall covering with ceramic tiles. The rising population may significantly boost construction needs, in turn, increasing the demand for ceramic tiles. Furthermore, increasing commercial construction is expected to drive the global ceramic tiles market. Asia-Pacific is anticipated to dominate the global ceramic tiles market, owing to the positive outlook for the construction industry in the major markets, such as India, China, Australia, and New Zealand. China is the major exporter of the ceramic tiles to the United States.
Floor Area of New Office Buildings in Tokyo, Japan
The office building market in Tokyo is experiencing unexpectedly steady inflation, due to high demand from companies looking to relocate and expand their office spaces. In 2015, the total floor area of new office buildings accounted for about 1.09 million square meters. The vacancy rate of offices remains at a historically low level, most of the newly constructed building’s office spaces are already completely reserved.
Asia-Pacific Floor Covering Industry Overview
The report covers major international players operating in the Asia-Pacific floor covering market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Asia-Pacific Floor Covering Market Leaders
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CERA Sanitaryware Limited
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Welspun Flooring
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TOLI Corporation
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DAIKEN Corporation
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Hanhent International China Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Floor Covering Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Key Deliverables of the Study
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Drivers
- 4.3 Restraints
- 4.4 Opportunities
- 4.5 Trends Influencing the Asia-Pacific Floor Covering Market
- 4.6 Value Chain Analysis of the Asia-Pacific Floor Covering Market
- 4.7 Porter's Five Forces Analysis
- 4.8 Technological Innovations
5. MARKET SEGMENTATION
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5.1 By Material
- 5.1.1 Carpet and Area Rugs
- 5.1.2 Non Resilient Flooring
- 5.1.2.1 Wood Flooring
- 5.1.2.2 Ceramic Floor and Wall Tile
- 5.1.2.3 Laminate Flooring
- 5.1.2.4 Stone Flooring
- 5.1.3 Resilient Flooring
- 5.1.3.1 Vinyl sheet and Floor Tile
- 5.1.3.2 Other Resilient Flooring
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5.2 By Distribution Channel
- 5.2.1 Contractors
- 5.2.2 Specialty Stores
- 5.2.3 Home Centers
- 5.2.4 Others
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5.3 By End-User
- 5.3.1 Residential Replacement
- 5.3.2 Commercial
- 5.3.3 Builder
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5.4 By Country
- 5.4.1 China
- 5.4.2 Japan
- 5.4.3 South Korea
- 5.4.4 Taiwan
- 5.4.5 India
- 5.4.6 Southeast Asian Countries
- 5.4.7 Australia
6. COMPANY PROFILES
- 6.1 Flooring India Company
- 6.2 CERA Sanitaryware Limited
- 6.3 Welspun Flooring
- 6.4 DAIKEN Corporation
- 6.5 TOLI Corporation
- 6.6 Fujian Floors China Co.,Ltd
- 6.7 Inovar Resources Sdn. Bhd.
- 6.8 Hanhent International China Co., Ltd.
- 6.9 Asia-Pacific Ceramic
- 6.10 Pergo*
7. FUTURE OF THE ASIA-PACIFIC FLOOR COVERING MARKET
Asia-Pacific Floor Covering Industry Segmentation
The report provides a detailed study with the underlying influencing factors for the variations in the Asia-Pacific floor covering market growth trends. The report scope includes market analysis on regional, as well as country level. The report also provides competitive landscape covering company market shares, with detailed profiling for major revenue contributing companies.
| By Material | Carpet and Area Rugs | |
| Non Resilient Flooring | Wood Flooring | |
| Ceramic Floor and Wall Tile | ||
| Laminate Flooring | ||
| Stone Flooring | ||
| Resilient Flooring | Vinyl sheet and Floor Tile | |
| Other Resilient Flooring | ||
| By Distribution Channel | Contractors | |
| Specialty Stores | ||
| Home Centers | ||
| Others | ||
| By End-User | Residential Replacement | |
| Commercial | ||
| Builder | ||
| By Country | China | |
| Japan | ||
| South Korea | ||
| Taiwan | ||
| India | ||
| Southeast Asian Countries | ||
| Australia |
Asia-Pacific Floor Covering Market Research FAQs
What is the current Asia-Pacific Floor Covering Market size?
The Asia-Pacific Floor Covering Market is projected to register a CAGR of 5.90% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Floor Covering Market?
CERA Sanitaryware Limited, Welspun Flooring, TOLI Corporation, DAIKEN Corporation and Hanhent International China Co., Ltd. are the major companies operating in the Asia-Pacific Floor Covering Market.
What years does this Asia-Pacific Floor Covering Market cover?
The report covers the Asia-Pacific Floor Covering Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Floor Covering Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Floor Covering Industry Report
Statistics for the 2024 APAC Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Floor Covering analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
