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.
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 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.
Table of Contents
1. Introduction
3. Research Methodology
4. APAC Flooring Market Landscape
5. APAC Flooring Market - Key Market Dynamics
6. Flooring - APAC Market Analysis
7. APAC Floorings Market Analysis - By Product Type
8. APAC Floorings Market Analysis - By Material
9. APAC Floorings Market Analysis - By Application
10. APAC Flooring Market - By Country Analysis
11. Industry Landscape
12. Company Profiles
13. Appendix
Companies Mentioned
- Mohawk Flooring
- Shaw Industries Group, Inc.
- Tarkett
- Armstrong Flooring, Inc.
- Forbo International SA
- Gerflor
- Interface, Inc.
- Beaulieu International Group
- Toil Corporation
- Milliken
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | September 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 189.32 Million |
| Forecasted Market Value ( USD | $ 280.34 Million |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Asia Pacific |
| No. of Companies Mentioned | 10 |
