Japan Floor Covering Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 189 Million |
| Market Size (2029) | USD 241.19 Million |
| CAGR (2024 - 2029) | 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Japan Floor Covering Market Analysis
The Japan Floor Covering Market size is estimated at USD 189 million in 2024, and is expected to reach USD 241.19 million by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The market for floor covering is transforming in Japan, with the rising requirements for esthetic interiors in both the residential and commercial segments. The steadily performing construction sector in the country is helping the market to grow in a standard manner. The market is projected to record even more revenues in the future, coupled with the diversifying portfolios offered by most players. The floor covering customizable materials are gaining more significance. The residential customers are looking for customization in the colors and designs. In contrast, the scope for customization in dimensions, along with the colors and designs, is gaining more momentum in the commercial segment of the market. The focus of market players on the vast distribution network is helping them and the products to reach significant construction projects domestically and internationally. Furthermore, it has been supporting the growth for the past few years. The growing redevelopments and new construction projects will help the market to grow at a faster pace.
The present scenario of the Japan floor covering market post-COVID shows signs of recovery and growth. With the easing of restrictions and resumption of construction activities, there is an increasing demand for base covering as people spend more time at home and invest in home improvement projects.
Japan Floor Covering Market Trends
Increase in Demand for Private Households is Driving the Market
Growth in the housing market, such as an increase in new home construction or renovation activities, can drive the demand for floor coverings. As more private households are established, or existing ones undergo renovations, the need for flooring materials also rises. Shifts in lifestyle patterns can impact consumer preferences for floor coverings. There has been a growing interest in interior design, home aesthetics, and creating comfortable living spaces in Japan in recent years. As individuals seek to personalize their homes, there may be an increased demand for floor coverings that align with their style preferences.
Japan has an aging population, and older individuals often prioritize safety and accessibility in their homes. This demographic may drive the demand for floor coverings that are slip-resistant, easy to clean, and provide comfort underfoot. Urban areas in Japan tend to have higher population densities and smaller living spaces. As a result, there is a demand for space-saving and multifunctional solutions. This may influence the choice of floor coverings, such as modular flooring systems or innovative designs that maximize the utility of limited living spaces.
Redevelopment Projects in Tokyo are Contributing a Major Share to the Market
There has been a lot of construction activity in Tokyo in the past few years, which is not limited to new constructions, as there are several redevelopments and renovation projects. Redevelopment projects in Tokyo have significantly impacted the floor-covering market in Japan. As a vibrant and populous city, Tokyo experiences a continuous need for urban renewal and redevelopment. Redevelopment projects in Tokyo involve constructing or renovating residential, commercial, and mixed-use buildings. These projects surge demand for floor coverings as new spaces require flooring installations. The larger the scale of the redevelopment project, the greater the demand for floor coverings.
Redevelopment projects often prioritize modern and innovative flooring solutions to meet the evolving preferences of residents and businesses. Developers and architects opt for contemporary options such as vinyl flooring, laminate flooring, and carpet tiles that offer durability, versatility, and aesthetic appeal. Redevelopment projects provide opportunities for customization and design flexibility in floor coverings. Developers and property owners can choose from a wide range of flooring materials, colors, patterns, and textures to match the overall design concept and meet the project's specific requirements.
Japan Floor Covering Industry Overview
The report covers prominent players operating in the floor covering the market in Japan, along with their product portfolio, key financials, and developments. The market is transforming with many technological advancements through product innovation. Major players are focusing on different strategies to expand their footprint and mergers and acquisitions, helping them enhance their product portfolio while extending their geographical presence worldwide. Some key players operating in the market are TOLI Corporation, Sincol Co Ltd, TOYOTEX, DAIKEN Corporation, and Hisamatsu Seito Co Ltd, among others.
Japan Floor Covering Market Leaders
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TOLI Corporation
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Sincol Co Ltd
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TOYOTEX
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DAIKEN CORPORATION
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Hisamatsu Seito Co Ltd
*Disclaimer: Major Players sorted in no particular order
Japan Floor Covering Market News
- July 2023: Rainier Partners, a private equity firm investing in lower middle-market services businesses, is pleased to announce its investment in SCI Flooring (“SCI”), a leading full-service floor covering services provider serving property managers and owners across the Midwest with the opportunity to expand market share in a growing, fragmented industry.
- January 2023: Tarkett, a worldwide leader in innovative and sustainable flooring solutions, has announced a new distribution partnership with Midwest Floor Coverings, Inc. Effective immediately, The agreement expands Tarkett’s distribution network, enhancing the company’s ability to effectively respond to the needs of commercial customers in these key geographies.
Japan Floor Covering Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Urbanization and Population Growth
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4.3 Market Restraints
- 4.3.1 Economic Uncertainty
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4.4 Market Opportunities
- 4.4.1 Rising Technological Innovations (Smart Flooring) in the Floor Covering Industry
- 4.5 Value Chain Analysis
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4.6 Porter's Five Forces Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Trends in Japan Floor Covering Market
- 4.8 Technological Innovations
- 4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Material
- 5.1.1 Carpet and Area Rugs
- 5.1.2 Resilient Flooring
- 5.1.2.1 Vinyl Flooring
- 5.1.2.2 Other Resilient Floorings
- 5.1.3 Non-resilient Flooring
- 5.1.3.1 Wood Flooring
- 5.1.3.2 Ceramic Flooring
- 5.1.3.3 Laminate Flooring
- 5.1.3.4 Stone 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 Other Distribution Channels
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5.3 By End User
- 5.3.1 Residential Replacement
- 5.3.2 Commercial
- 5.3.3 Builder
6. COMPETITIVE LANDSCAPE
- 6.1 Market Conentration Overview
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6.2 Company Profiles
- 6.2.1 Toli Corporation
- 6.2.2 Sincol Co. Ltd
- 6.2.3 Toyotex Co. Ltd
- 6.2.4 Daiken Corporation
- 6.2.5 Hisamatsu Seito Co. Ltd
- 6.2.6 Danto Tile Co. Ltd
- 6.2.7 Central Pacific Trading Co.
- 6.2.8 Hirata Tile Co. Ltd
- 6.2.9 Sangetsu Corporation
- 6.2.10 Yoshidafusa Orimono Co. Ltd*
- *List Not Exhaustive
7. FUTURE TRENDS
8. DISCLAIMER
Japan Floor Covering Industry Segmentation
A floor covering is a piece of material used to protect or decorate a floor. The report provides a detailed study, with the underlying factors for the variations in the floor covering market growth trends. The report also provides a competitive landscape, covering company market shares, with detailed profiling for major revenue-contributing companies.
The market is segmented by material (carpet and area rugs, resilient flooring, and non-resilient flooring), end user (residential replacement, commercial, and builder), and distribution channel (contractors, specialty stores, home centers, and other distribution channels).
The report offers market size and forecasts for the Japan floor-covering market in terms of revenue (USD) for all the above segments.
| By Material | Carpet and Area Rugs | |
| Resilient Flooring | Vinyl Flooring | |
| Other Resilient Floorings | ||
| Non-resilient Flooring | Wood Flooring | |
| Ceramic Flooring | ||
| Laminate Flooring | ||
| Stone Flooring | ||
| By Distribution Channel | Contractors | |
| Specialty Stores | ||
| Home Centers | ||
| Other Distribution Channels | ||
| By End User | Residential Replacement | |
| Commercial | ||
| Builder |
Japan Floor Covering Market Research FAQs
How big is the Japan Floor Covering Market?
The Japan Floor Covering Market size is expected to reach USD 189 million in 2024 and grow at a CAGR of greater than 5% to reach USD 241.19 million by 2029.
What is the current Japan Floor Covering Market size?
In 2024, the Japan Floor Covering Market size is expected to reach USD 189 million.
Who are the key players in Japan Floor Covering Market?
TOLI Corporation, Sincol Co Ltd, TOYOTEX, DAIKEN CORPORATION and Hisamatsu Seito Co Ltd are the major companies operating in the Japan Floor Covering Market.
What years does this Japan Floor Covering Market cover, and what was the market size in 2023?
In 2023, the Japan Floor Covering Market size was estimated at USD 180 million. The report covers the Japan Floor Covering Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Japan Floor Covering Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Japan Floor Covering Industry Report
Statistics for the 2024 Japan Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Japan 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.
