Market Size of Japan Floor Covering Industry
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 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 | ||||||
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By Distribution Channel | |
Contractors | |
Specialty Stores | |
Home Centers | |
Other Distribution Channels |
By End User | |
Residential Replacement | |
Commercial | |
Builder |
Japan Floor Covering Market Size Summary
The Japan floor covering market is experiencing a transformative phase, driven by increasing demands for aesthetic interiors in both residential and commercial sectors. The construction industry's steady performance is contributing to the market's growth, with a focus on customizable materials gaining traction. Residential customers are particularly interested in personalized colors and designs, while the commercial segment is seeing a rise in demand for customizable dimensions alongside colors and designs. The expansion of distribution networks by market players is facilitating the reach of floor covering products to significant construction projects, both domestically and internationally. This trend is expected to continue, supported by ongoing redevelopments and new construction projects, which are anticipated to accelerate market growth.
Post-COVID, the Japan floor covering market is showing signs of recovery, with increased demand driven by home improvement projects as people spend more time at home. The aging population in Japan is influencing the demand for slip-resistant and easy-to-clean flooring options, while urbanization is creating a need for space-saving and multifunctional flooring solutions. Tokyo's vibrant construction activity, including redevelopments and renovations, is significantly impacting the market, with modern and innovative flooring solutions being prioritized. The report highlights key players in the market, such as TOLI Corporation and Sincol Co Ltd, who are leveraging technological advancements and strategic expansions to enhance their product offerings and geographical presence.
Japan Floor Covering Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Urbanization and Population Growth
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1.3 Market Restraints
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1.3.1 Economic Uncertainty
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1.4 Market Opportunities
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1.4.1 Rising Technological Innovations (Smart Flooring) in the Floor Covering Industry
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1.5 Value Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.6.1 Bargaining Power of Suppliers
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Threat of New Entrants
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Trends in Japan Floor Covering Market
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1.8 Technological Innovations
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1.9 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Material
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2.1.1 Carpet and Area Rugs
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2.1.2 Resilient Flooring
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2.1.2.1 Vinyl Flooring
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2.1.2.2 Other Resilient Floorings
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2.1.3 Non-resilient Flooring
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2.1.3.1 Wood Flooring
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2.1.3.2 Ceramic Flooring
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2.1.3.3 Laminate Flooring
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2.1.3.4 Stone Flooring
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2.2 By Distribution Channel
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2.2.1 Contractors
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2.2.2 Specialty Stores
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2.2.3 Home Centers
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2.2.4 Other Distribution Channels
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2.3 By End User
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2.3.1 Residential Replacement
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2.3.2 Commercial
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2.3.3 Builder
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Japan Floor Covering Market Size 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.