China Floor Covering Market Size
|Study Period||2018- 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
|CAGR||> 7.00 %|
*Disclaimer: Major Players sorted in no particular order
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China Floor Covering Market Analysis
China's floor covering market has generated a revenue of USD 0.2 billion in the current year and is poised to register a CAGR of 7% over the forecast period. The majority of the flooring market demand in China is driven by the real estate and construction sectors, of which the demand for residential housing is rather substantial. The number of commercial houses, new houses, old houses, and used houses that need new floors has been steadily growing steadily. The good growth of the Chinese high-end flooring market is helped by the growth of secondary decoration and better housing.
In China, floor covering is regarded as a building material rather than a decorative item. Most of the floor covering is retailed and installed by manufacturers. Between 1,600 million and 1,900 million square meters of new floor space will be needed each year between now and 2027 to meet the needs caused by urban migration. This is a staggering demand, with every square meter of floor space needing floor covering, which is expected to boost market growth.
Chinese floor market demand is increasing year by year. The development of the Chinese real estate industry continues to rise, and the demand for flooring in the future development of the national economy may be strongly driven. The continuous development of the real estate industry and the increasing acceptance of flooring's aesthetic needs are likely to boost demand for flooring in China during the forecast period.
China Floor Covering Market Trends
Ceramic Tiles are The Most Dominant Flooring Category in China
In terms of floor output, China's ceramic floor output is relatively high. The growth in the market for ceramic tiles is linked to the growth of the construction industry. Increasing residential construction is expected to drive demand for indoor and outdoor wall coverings with ceramic tiles. The growth in the population may significantly boost construction needs and, in turn, increase demand for ceramic tiles in the country. A high percentage of low-cost ceramic tile makes up the majority of the Chinese market.
In China, ceramic flooring has the biggest market share among the main types of flooring. In 2021, China made more than eight billion square meters of ceramic tiles, making it the world's largest producer of ceramic tiles.
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China is the Leading Exporter in Floor Covering Market
Exports are goods and services that are made in the United States but sold to people in other countries. Companies engage in export activities for several reasons. For example, exports can increase sales and therefore profits if the goods create new markets or expand current ones. It would ultimately provide opportunities for companies to capture a larger market share globally. China was the number 2 economy in the world in terms of GDP (current USD), number 1 in total exports, and number 2 in total imports. China has been not only the world's largest exporter but also the largest trading nation in terms of the sum of its exports and imports.
China Floor Covering Industry Overview
The Chinese floor-covering market is highly competitive and fragmented with the presence of major players, such as Milliken Flooring, Forbo Flooring Systems, Hanflor, BeFlooring, and Hanse Tile. The rising innovation of flooring products, channel, and marketing construction, or opening up the industry chain, is becoming one of the main ways for flooring companies to deal with brand concentration and develop new markets. There are many international companies already operating inside China in the flooring market. The new market and spending power due to China's rising consumerism hold enormous potential for manufacturers worldwide.
China Floor Covering Market Leaders
Forbo Flooring Systems
*Disclaimer: Major Players sorted in no particular order
China Floor Covering Market News
- January 2023: The Indian Commerce Ministry has the recommended imposition of anti-dumping duty on vinyl tiles coming from China and Taiwan for five years to guard domestic players from cheap imports.
- February 2022: The Bighorn Deer Super Kiln was put into production, and leading technology can lead to market leadership. With its great invention capabilities, Bighorn Deer, a new first-line brand, has sparked waves of subversive innovations in the conventional ceramic tile sector
China Floor Covering Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Suppliers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
4.7 Insights on Technological Advancements in the Market
5. MARKET SEGMENTATION
5.1 By Material
5.1.1 Carpet Flooring
5.1.2 Non-resilient Flooring
184.108.40.206 Wood Flooring
220.127.116.11 Laminate Flooring
18.104.22.168 Stone Flooring
22.214.171.124 Ceramic Floor and Wall Tile
5.1.3 Resilient Flooring
126.96.36.199 Vinylsheet and Luxury Vinyl Tiles
188.8.131.52 Other Resilient Floorings
5.2 By End Use
5.3 By Construction
5.3.1 New Construction
5.3.2 Renovation/ Replacement
5.4 By Distribution Channel
5.4.1 Manufacturer Owned Stores
5.4.2 Speciality Stores
5.4.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Milliken Flooring
6.2.2 Forbo Flooring Systems
6.2.3 Elegant Living
6.2.6 Fujian Floors China Company
6.2.7 Hanse Tile
6.2.8 Yihua Lifestyle Technology
6.2.9 Berry Alloc
6.2.11 Shanghai Cimic Tiles Company Limited
6.2.12 China SPC Flooring*
- *List Not Exhaustive
7. FUTURE AND OPPORTUNITIES IN THE MARKET
China Floor Covering Market Research FAQs
What is the study period of this market?
The China Floor Covering Market is studied from 2018 - 2028.
What is the growth rate of China Floor Covering Market?
The China Floor Covering Market is growing at a CAGR of >7% over the next 5 years.
Who are the key players in China Floor Covering Market?
Milliken Flooring, Forbo Flooring Systems, Hanflor, BeFlooring, Hanse Tile are the major companies operating in China Floor Covering Market.
China Floor Covering Industry Report
Statistics for the 2023 China Floor Covering market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Floor Covering analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.