Asia Pacific Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type (Resilient Flooring, Non-resilient Flooring, and Soft Cover & Others), Material [Carpets and Rugs, Wood, Laminates, Vinyl Sheets and Tiles (Homogeneous
Description
Asia Pacific Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product Type (Resilient Flooring, Non-resilient Flooring, and Soft Cover & Others), Material [Carpets and Rugs, Wood, Laminates, Vinyl Sheets and Tiles (Homogeneous and Heterogeneous, LVT and VCT, and Others), Ceramic Tiles, and Stone & Others], and Application (Residential and Non-Residential)
The Asia Pacific flooring market is expected to grow from US$ 189.32 million in 2022 to US$ 280.34 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2022 to 2028.
Most people use the renovation method as the ultimate choice for interior design to enhance the appearance of their homes. Ceramic tiles, carpet, vinyl tiles, laminates, and wood flooring are easy to clean, scratch-resistant, cost-effective, and long-lasting. Hence, customers prefer these products during the renovation process. The increasing demand for refurbishment and renovation in residential and commercial buildings is expected to support the flooring market growth. Additionally, growing customer awareness and rising need for new-age flooring solutions on account of stringent regulations on sustainable and energy-efficient buildings are also expected to augment the demand for flooring solutions in the near future.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC flooring market . The APAC flooring market is expected to grow at a good CAGR during the forecast period.
APAC Flooring Market Revenue and Forecast to 2028 (US$ Million)
APAC Flooring Market Segmentation
The APAC flooring market is segmented based on product type, material, application, and country. Based on product type, the APAC flooring market is divided into resilient flooring, non-resilient flooring, and soft cover & others. The non-resilient flooring cruise dominated the APAC flooring market in 2022. Based on material, the APAC flooring market is categorized into carpets and rugs, wood, laminates, vinyl sheets and tiles [homogeneous and heterogeneous, LVT and VCT, and others], ceramic tiles, and stone & others. The ceramic tiles segment dominated the APAC flooring market in 2022. Based on application, the APAC flooring market is categorized into residential and non-residential. The non-residential segment dominated the APAC flooring market in 2022. Based on country, the APAC flooring market is segmented into Australia, China, Japan, India, South Korea, and the Rest of APAC. China would dominate the APAC flooring market in 2022.
Major players operating in the APAC flooring market include Mohawk Flooring; Shaw Industries Group, Inc.; Tarkett; Armstrong Flooring, Inc.; Forbo International SA; Gerflor; Interface, Inc.; Beaulieu International Group; Toil Corporation; and Milliken by Altair.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC flooring market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC flooring market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC flooring market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution"
The Asia Pacific flooring market is expected to grow from US$ 189.32 million in 2022 to US$ 280.34 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2022 to 2028.
Most people use the renovation method as the ultimate choice for interior design to enhance the appearance of their homes. Ceramic tiles, carpet, vinyl tiles, laminates, and wood flooring are easy to clean, scratch-resistant, cost-effective, and long-lasting. Hence, customers prefer these products during the renovation process. The increasing demand for refurbishment and renovation in residential and commercial buildings is expected to support the flooring market growth. Additionally, growing customer awareness and rising need for new-age flooring solutions on account of stringent regulations on sustainable and energy-efficient buildings are also expected to augment the demand for flooring solutions in the near future.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC flooring market . The APAC flooring market is expected to grow at a good CAGR during the forecast period.
APAC Flooring Market Revenue and Forecast to 2028 (US$ Million)
APAC Flooring Market Segmentation
The APAC flooring market is segmented based on product type, material, application, and country. Based on product type, the APAC flooring market is divided into resilient flooring, non-resilient flooring, and soft cover & others. The non-resilient flooring cruise dominated the APAC flooring market in 2022. Based on material, the APAC flooring market is categorized into carpets and rugs, wood, laminates, vinyl sheets and tiles [homogeneous and heterogeneous, LVT and VCT, and others], ceramic tiles, and stone & others. The ceramic tiles segment dominated the APAC flooring market in 2022. Based on application, the APAC flooring market is categorized into residential and non-residential. The non-residential segment dominated the APAC flooring market in 2022. Based on country, the APAC flooring market is segmented into Australia, China, Japan, India, South Korea, and the Rest of APAC. China would dominate the APAC flooring market in 2022.
Major players operating in the APAC flooring market include Mohawk Flooring; Shaw Industries Group, Inc.; Tarkett; Armstrong Flooring, Inc.; Forbo International SA; Gerflor; Interface, Inc.; Beaulieu International Group; Toil Corporation; and Milliken by Altair.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC flooring market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC flooring market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC flooring market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution"
Table of Contents
145 Pages
- 1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
- 1.2.1 APAC Flooring Market, by Product Type
- 1.2.2 APAC Flooring Market, by Material
- 1.2.3 APAC Flooring Market, by Application
- 1.2.4 APAC Flooring Market, by Country
- 2. Key Takeaways
- 3. Research Methodology
- 3.1 Scope of the Study
- 3.1.1 Flooring Market, by Process, Grade, and Application
- 3.2 Research Methodology
- 3.2.1 Data Collection:
- 3.2.2 Primary Interviews:
- 3.2.3 Hypothesis formulation:
- 3.2.4 Macro-economic factor analysis:
- 3.2.5 Developing base number:
- 3.2.6 Data Triangulation:
- 3.2.7 Country level data:
- 4. APAC Flooring Market Landscape
- 4.1 Market Overview
- 4.2 Porter’s Five Forces Analysis
- 4.2.1 Threat of New Entrants:
- 4.2.2 Bargaining Power of Suppliers:
- 4.2.3 Bargaining Power of Buyers:
- 4.2.4 Competitive Rivalry:
- 4.2.5 Threat of Substitutes:
- 4.3 Ecosystem Analysis
- 4.3.1 Overview:
- 4.3.2 Raw Material Suppliers:
- 4.3.3 Manufacturers
- 4.3.4 Distributors
- 4.3.5 Application
- 4.4 Expert Opinion
- 5. APAC Flooring Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rise in Investments by Consumers in Renovation and Construction Using Modern Materials
- 5.1.2 Growth in Demand for Vinyl Flooring
- 5.2 Market Restraints
- 5.2.1 Stringent Government Regulations on Emissions Norms Associated with Manufacturing of Flooring
- 5.3 Market Opportunities
- 5.3.1 Technological Innovation
- 5.4 Future Trends
- 5.4.1 Increasing Demand For Cost Effective and Energy Efficient Products
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Flooring – APAC Market Analysis
- 6.1 APAC Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- 6.2 APAC Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- 7. APAC Floorings Market Analysis – By Product Type
- 7.1 Overview
- 7.2 APAC Floorings Market, By Product Type (2021 and 2028)
- 7.3 Resilient Flooring
- 7.3.1 Overview
- 7.3.2 Resilient Flooring: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.3.3 Resilient Flooring: Floorings Market –Volume and Forecast to 2028 (Million Square Meter)
- 7.4 Non-resilient Flooring
- 7.4.1 Overview
- 7.4.2 Non-resilient Flooring: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.4.3 Non-Resilient Flooring: Floorings Market –Volume and Forecast to 2028 (Million Square Meter)
- 7.5 Soft Cover and Others
- 7.5.1 Overview
- 7.5.2 Soft Cover and Others: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 7.5.3 Soft Cover and Others: Floorings Market –Volume and Forecast to 2028 (Million Square Meter)
- 8. APAC Floorings Market Analysis – By Material
- 8.1 Overview
- 8.2 APAC Floorings Market, By Material (2021 and 2028)
- 8.3 Carpets and Rugs
- 8.3.1 Overview
- 8.3.2 Carpets and Rugs: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.4 Wood
- 8.4.1 Overview
- 8.4.2 Wood: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.5 Laminates
- 8.5.1 Overview
- 8.5.2 Laminates: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.6 Vinyl Sheets and Tiles
- 8.6.1 Overview
- 8.6.2 Vinyl Sheets and Tiles: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.6.3 Homogeneous and Heterogeneous: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.6.4 LVT and VCT: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.6.5 Others: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.7 Ceramic Tiles
- 8.7.1 Overview
- 8.7.2 Ceramic Tiles: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 8.8 Stone and Others
- 8.8.1 Overview
- 8.8.2 Stone and Others: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 9. APAC Floorings Market Analysis – By Application
- 9.1 Overview
- 9.2 APAC Floorings Market, By Application (2021 and 2028)
- 9.3 Packaging
- 9.3.1 Overview
- 9.3.2 Packaging: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 9.4 Non- Residential
- 9.4.1 Overview
- 9.4.2 Non- Residential: Floorings Market – Revenue and Forecast to 2028 (US$ Billion)
- 10. APAC Flooring Market – By Country Analysis
- 10.1 Asia-Pacific: Flooring Market
- 10.1.1 Asia-Pacific: Flooring Market, by Key Country
- 10.1.1.1 Australia: Flooring Market –Analysis and Forecast to 2028 (US$ Billion)
- 10.1.1.1.1 Australia: Flooring Market, by Product Type
- 10.1.1.1.2 Australia: Flooring Market, by Material
- 10.1.1.1.3 Australia: Flooring Market, by Application
- 10.1.1.2 China: Flooring Market –Analysis and Forecast to 2028 (US$ Billion)
- 10.1.1.2.1 China: Flooring Market, by Product Type
- 10.1.1.2.2 China: Flooring Market, by Material
- 10.1.1.2.3 China: Flooring Market, by Application
- 10.1.1.3 India: Flooring Market –Analysis and Forecast to 2028 (US$ Billion)
- 10.1.1.3.1 India: Flooring Market, by Product Type
- 10.1.1.3.2 India: Flooring Market, by Material
- 10.1.1.3.3 India: Flooring Market, by Application
- 10.1.1.4 Japan: Flooring Market –Analysis and Forecast to 2028 (US$ Billion)
- 10.1.1.4.1 Japan: Flooring Market, by Product Type
- 10.1.1.4.2 Japan: Flooring Market, by Material
- 10.1.1.4.3 Japan: Flooring Market, by Application
- 10.1.1.5 South Korea: Flooring Market –Analysis and Forecast to 2028 (US$ Billion)
- 10.1.1.5.1 South Korea: Flooring Market, by Product Type
- 10.1.1.5.2 South Korea: Flooring Market, by Material
- 10.1.1.5.3 South Korea: Flooring Market, by Application
- 10.1.1.6 Rest of Asia-Pacific: Flooring Market –Analysis and Forecast to 2028 (US$ Billion)
- 10.1.1.6.1 Rest of Asia-Pacific: Flooring Market, by Product Type
- 10.1.1.6.2 Rest of Asia-Pacific: Flooring Market, by Material
- 10.1.1.6.3 Rest of Asia-Pacific: Flooring Market, by Application
- 11. Industry Landscape
- 11.1 Overview
- 11.2 Market Initiative
- 11.3 New Product Development
- 11.4 Merger and Acquisition
- 12. Company Profiles
- 12.1 Mohawk Flooring
- 12.1.1 Key Facts
- 12.1.2 Business Description
- 12.1.3 Products and Services
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis
- 12.1.6 Key Developments
- 12.2 Shaw Industries Group, Inc.
- 12.2.1 Key Facts
- 12.2.2 Business Description
- 12.2.3 Products and Services
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis
- 12.2.6 Key Developments
- 12.3 Tarkett
- 12.3.1 Key Facts
- 12.3.2 Business Description
- 12.3.3 Products and Services
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis
- 12.3.6 Key Developments
- 12.4 Armstrong Flooring, Inc.
- 12.4.1 Key Facts
- 12.4.2 Business Description
- 12.4.3 Products and Services
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis
- 12.4.6 Key Developments
- 12.5 Forbo International SA
- 12.5.1 Key Facts
- 12.5.2 Business Description
- 12.5.3 Products and Services
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis
- 12.5.6 Key Developments
- 12.6 Gerflor
- 12.6.1 Key Facts
- 12.6.2 Business Description
- 12.6.3 Products and Services
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis
- 12.6.6 Key Developments
- 12.7 Interface, Inc.
- 12.7.1 Key Facts
- 12.7.2 Business Description
- 12.7.3 Products and Services
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis
- 12.7.6 Key Developments
- 12.8 Beaulieu International Group
- 12.8.1 Key Facts
- 12.8.2 Business Description
- 12.8.3 Products and Services
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis
- 12.8.6 Key Developments
- 12.9 Toli Corporation
- 12.9.1 Key Facts
- 12.9.2 Business Description
- 12.9.3 Products and Services
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis
- 12.9.6 Key Developments
- 12.10 Milliken
- 12.10.1 Key Facts
- 12.10.2 Business Description
- 12.10.3 Products and Services
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis
- 12.10.6 Key Developments
- 13. Appendix
- 13.1 About The Insight Partners
- 13.2 Glossary of Terms
- LIST OF TABLES
- Table 1. APAC Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- Table 2. APAC Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- Table 3. Australia Flooring Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
- Table 4. Australia Flooring Market, by Product Type – Volume and Forecast to 2028 (Million Square Meter)
- Table 5. Australia Flooring Market, by Material– Revenue and Forecast to 2028 (US$ Billion)
- Table 6. Australia Flooring Market, by Application– Revenue and Forecast to 2028 (US$ Billion)
- Table 7. China Flooring Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
- Table 8. China Flooring Market, by Product Type – Volume and Forecast to 2028 (Million Square Meter)
- Table 9. China Flooring Market, by Material– Revenue and Forecast to 2028 (US$ Billion)
- Table 10. China Flooring Market, by Application– Revenue and Forecast to 2028 (US$ Billion)
- Table 11. India Flooring Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
- Table 12. India Flooring Market, by Product Type – Volume and Forecast to 2028 (Million Square Meter)
- Table 13. India Flooring Market, by Material– Revenue and Forecast to 2028 (US$ Billion)
- Table 14. India Flooring Market, by Application– Revenue and Forecast to 2028 (US$ Billion)
- Table 15. Japan Flooring Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
- Table 16. Japan Flooring Market, by Product Type – Volume and Forecast to 2028 (Million Square Meter)
- Table 17. Japan Flooring Market, by Material– Revenue and Forecast to 2028 (US$ Billion)
- Table 18. Japan Flooring Market, by Application– Revenue and Forecast to 2028 (US$ Billion)
- Table 19. South Korea Flooring Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
- Table 20. South Korea Flooring Market, by Product Type – Volume and Forecast to 2028 (Million Square Meter)
- Table 21. South Korea Flooring Market, by Material– Revenue and Forecast to 2028 (US$ Billion)
- Table 22. South Korea Flooring Market, by Application– Revenue and Forecast to 2028 (US$ Billion)
- Table 23. Rest of Asia-Pacific Flooring Market, by Product Type – Revenue and Forecast to 2028 (US$ Billion)
- Table 24. Rest of Asia-Pacific Flooring Market, by Product Type – Volume and Forecast to 2028 (Million Square Meter)
- Table 25. Rest of Asia-Pacific Flooring Market, by Material– Revenue and Forecast to 2028 (US$ Billion)
- Table 26. Rest of Asia-Pacific Flooring Market, by Application– Revenue and Forecast to 2028 (US$ Billion)
- Table 27. Glossary of Terms, Global Flooring Market
- LIST OF FIGURES
- Figure 1. APAC Flooring Market Segmentation
- Figure 2. APAC Flooring Market Segmentation – By Country
- Figure 3. APAC Flooring Market Overview
- Figure 4. APAC Flooring Market, By Application
- Figure 5. APAC Flooring Market, by Country
- Figure 6. APAC Porter’s Five Forces Analysis of Flooring Market
- Figure 7. APAC Flooring Market, Ecosystem
- Figure 8. APAC Expert Opinion
- Figure 9. APAC Flooring Market Impact Analysis of Drivers and Restraints
- Figure 10. APAC Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
- Figure 11. APAC Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- Figure 12. APAC Floorings Market Revenue Share, By Product Type (2021 and 2028)
- Figure 13. APAC Resilient Flooring: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 14. APAC Resilient Flooring: Floorings Market –Volume and Forecast To 2028 (Million Square Meter)
- Figure 15. APAC Non-resilient Flooring: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 16. APAC Non-Resilient Flooring: Floorings Market –Volume and Forecast To 2028 (Million Square Meter)
- Figure 17. APAC Soft Cover and Others: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 18. APAC Soft Cover and Others: Floorings Market –Volume and Forecast To 2028 (Million Square Meter)
- Figure 19. APAC Floorings Market Revenue Share, By Material (2021 and 2028)
- Figure 20. APAC Carpets and Rugs: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 21. APAC Wood: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 22. APAC Laminates: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 23. APAC Vinyl Sheets and Tiles: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 24. APAC Homogeneous and Heterogeneous: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 25. APAC LVT and VCT: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 26. APAC Others: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 27. APAC Ceramic Tiles: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 28. APAC Stone and Others: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 29. APAC Floorings Market Revenue Share, By Application (2021 and 2028)
- Figure 30. APAC Packaging: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 31. APAC Non- Residential: Floorings Market – Revenue and Forecast To 2028 (US$ Billion)
- Figure 32. Asia-Pacific: Flooring Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 33. Asia-Pacific: Flooring Market Revenue Share, by Key Country (2021 and 2028)
- Figure 34. Australia: Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- Figure 35. Australia: Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- Figure 36. China: Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- Figure 37. China: Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- Figure 38. India: Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- Figure 39. India: Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- Figure 40. Japan: Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- Figure 41. Japan: Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- Figure 42. South Korea: Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- Figure 43. South Korea: Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
- Figure 44. Rest of Asia-Pacific: Flooring Market –Revenue and Forecast to 2028 (US$ Billion)
- Figure 45. Rest of Asia-Pacific: Flooring Market –Volume and Forecast to 2028 (Million Square Meter)
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