Market Size of Taiwan Floor Covering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Taiwan Floor Covering Market Analysis
Due to supply chain disruptions, social distancing measures, and low consumer confidence caused by the COVID-19 pandemic, sales in the Floor Covering Stores industry have declined substantially over the first half of 2020. However, as many consumers worked from home in 2020, spending on floor coverings grew in the second half of 2020, partly offsetting the decline in Taiwan's first half of 2020.
The infrastructural development of residential and commercial structures in Taiwan has motivated several manufacturers of floor coatings to increase their production capacities in this region. Also, the need for a better type of flooring which is durable has increased. Commercial areas prefer to use Soft Covering material, including Carpets and Rugs. Even in the residential areas, people are now looking toward Floor covering material to maintain an aesthetic view and durability.
Enforcement of government regulations regarding waste disposal and carbon emission significantly influences the broadloom and carpet tile manufacturing industry. As a result, tile manufacturers are working on a product recycling process with more focus on a reverse distribution model to promote the return of carpet tiles. The latest constructed residential spaces prefer to use Floor Covering Materials, and these residential areas are the target audience for Floor Covering companies.
