ASIA-PACIFIC FLOOR COVERING MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Asia-Pacific Floor Covering Market is segmented by Product, By Distribution Channel, By End User, and Country.

Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2020
CAGR:

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Market Overview

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.

Scope of the Report

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

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Key Market Trends

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.

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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.

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Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Trends Influencing the Asia-Pacific Floor Covering Market

    6. 4.6 Value Chain Analysis of the Asia-Pacific Floor Covering Market

    7. 4.7 Porter's Five Forces Analysis

    8. 4.8 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material

      1. 5.1.1 Carpet and Area Rugs

      2. 5.1.2 Non Resilient Flooring

        1. 5.1.2.1 Wood Flooring

        2. 5.1.2.2 Ceramic Floor and Wall Tile

        3. 5.1.2.3 Laminate Flooring

        4. 5.1.2.4 Stone Flooring

      3. 5.1.3 Resilient Flooring

        1. 5.1.3.1 Vinyl sheet and Floor Tile

        2. 5.1.3.2 Other Resilient Flooring

    2. 5.2 By Distribution Channel

      1. 5.2.1 Contractors

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Home Centers

      4. 5.2.4 Others

    3. 5.3 By End-User

      1. 5.3.1 Residential Replacement

      2. 5.3.2 Commercial

      3. 5.3.3 Builder

    4. 5.4 By Country

      1. 5.4.1 China

      2. 5.4.2 Japan

      3. 5.4.3 South Korea

      4. 5.4.4 Taiwan

      5. 5.4.5 India

      6. 5.4.6 Southeast Asian Countries

      7. 5.4.7 Australia

  6. 6. COMPANY PROFILES

    1. 6.1 Flooring India Company

    2. 6.2 CERA Sanitaryware Limited

    3. 6.3 Welspun Flooring

    4. 6.4 DAIKEN Corporation

    5. 6.5 TOLI Corporation

    6. 6.6 Fujian Floors China Co.,Ltd

    7. 6.7 Inovar Resources Sdn. Bhd.

    8. 6.8 Hanhent International China Co., Ltd.

    9. 6.9 Asia-Pacific Ceramic

    10. 6.10 Pergo*

  7. *List Not Exhaustive
  8. 7. FUTURE OF THE ASIA-PACIFIC FLOOR COVERING MARKET

**Subject to Availability

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Frequently Asked Questions

The Asia-Pacific Floor Covering Market market is studied from 2016 - 2026.

The Asia-Pacific Floor Covering Market is valued at 5.9% in 2016.

CERA Sanitaryware Limited, Welspun Flooring, TOLI Corporation, DAIKEN Corporation, Hanhent International China Co., Ltd. are the major companies operating in Asia-Pacific Floor Covering Market.

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