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 Asia Pacific flooring market. The Asia Pacific flooring market is expected to grow at a good CAGR during the forecast period.
The Asia Pacific flooring market is segmented based on product type, material, application, and country. Based on product type, the Asia Pacific flooring market is divided into resilient flooring, non-resilient flooring, and soft cover & others. The non-resilient flooring cruise dominated the Asia Pacific flooring market in 2022. Based on material, the Asia Pacific 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 Asia Pacific flooring market in 2022. Based on application, the Asia Pacific flooring market is categorized into residential and non-residential. The non-residential segment dominated the Asia Pacific flooring market in 2022. Based on country, the Asia Pacific flooring market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China would dominate the Asia Pacific flooring market in 2022.
Major players operating in the Asia Pacific 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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 189.32 Million |
| Market Size by 2028 | US$ 280.34 Million |
| CAGR (2022 - 2028) | 6.8% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2028 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Flooring Market is valued at US$ 189.32 Million in 2022, it is projected to reach US$ 280.34 Million by 2028.
As per our report Asia Pacific Flooring Market, the market size is valued at US$ 189.32 Million in 2022, projecting it to reach US$ 280.34 Million by 2028. This translates to a CAGR of approximately 6.8% during the forecast period.
The Asia Pacific Flooring Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Flooring Market report:
The Asia Pacific Flooring Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Flooring Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Flooring Market value chain can benefit from the information contained in a comprehensive market report.
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