Asia Pacific Indoor Flooring Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Ceramic Tiles, Carpet, Vinyl Linoleum and Rubber, Wood and Laminate, and Others); End-user (Residential, and Non-Residential).
Asia Pacific indoor flooring market in Asia Pacific is expected to grow from US$ 27.35 billion in 2021 to US$ 107.14 billion by 2028; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
R&D facilities, laboratories, biotechnology labs, and clean rooms, which are among high-capital ventures, might face severe consequences of downtime caused by flooring or floor coating. In such cases, fast-cure floor coatings are used to avoid downtime or keep it to a minimum. The recently developed carpet, vinyl, linoleum, and rubber coatings are being applied on the interior as well as exterior surfaces. With ever-increasing time pressure on contractors to return the floor to service as early as possible, the development of a fast-cure floor coatings is emerging as a boon for building contractors and personnel involved in the indoor flooring applications. The use of fast-cure indoor flooring systems can also help contractors save on labor costs due to the quick application in the confined time frame. Further, the short curing time is associated with minimizing labor hours.
APAC is characterized by many developing countries, a positive economic outlook, high residential and industrial presence, huge population, and rising disposable income. All these factors make APAC a major growth driving region for various markets, including indoor flooring. The lockdown of various factories in China affects the global supply chains and negatively impacts development, delivery schedules, and various products and services. Even as the factories in China are beginning to reopen, several businesses have reduced or hit pause on their operations. According to world meter till 24th March, 2021 90,147 cases have been registered in China. The region comprises of several developing countries, which consist of old indoor infrastructure with the old interiors such as flooring. During lockdown the process of maintenance and renovation of home and other infrastructure got hampered, with the deployment of advanced indoor flooring. Besides, the most commonly recorded consequence of COVID-19 is a significant labor shortage in China. The construction industry in China is heavily reliant on rural migrant labor, with 54 million rural migrant workers employed in the industry, according to the National Bureau of Statistics of China. Since the lockdown, migrant workers who had returned to their hometowns for the Lunar New Year holiday were unable to return to work. In a survey conducted by the China Building Industry Association and released on 15 April 2020, 90.55 percent of respondents said development had been hampered, and 66.04 percent reported a labor shortage. Besides, According to Oxford Economics, China's annual construction production will slip by 8% this year but increase by 14.5 percent in 2021. India's production is forecast to fall 5.4 percent this year, before rebounding to 7.7 percent in 2021.
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 indoor flooring market. The Asia Pacific indoor flooring market is expected to grow at a good CAGR during the forecast period.
Asia Pacific Indoor Flooring Market Revenue and Forecast to 2028(US$ Million)
Asia Pacific Indoor Flooring Market Segmentation
By Type
- Ceramic Tiles
- Carpet
- Vinyl Linoleum & Rubber
- Wood & Laminate
- Others
By End User
- Residential
- Non-Residential
By Country
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of APAC
Companies Mentioned -
- Forbo International SA
- Armstrong Flooring, Inc.
- Beaulieu International Group
- Interface, Inc.
- Toli Corporation
- Mohawk Industries, Inc.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Indoor Flooring Market – By Type
1.3.2 Asia Pacific Indoor Flooring Market – By End User
1.3.3 Asia Pacific Indoor Flooring Market – By Country
2. Asia Pacific Indoor Flooring Market - Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Asia Pacific Indoor Flooring Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 Asia Pacific
4.3 Expert Opinions
5. Asia Pacific Indoor Flooring Market – Key Industry Dynamics
5.1 Key Drivers
5.1.1 Rise in Number of Commercial and Residential Construction Projects
5.1.2 Surge in Product Innovations and Launches
5.2 Key Restraints
5.2.1 Stringent Government Regulations
5.2.2 High Installation and Maintenance Costs
5.3 Key Opportunities
5.3.1 Increasing Use of Floor Coatings in Sports Complexes
5.4 Key Future Trends:
5.4.1 Advancements in Indoor Flooring Materials
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Indoor Flooring – Country Market Analysis
6.1 Asia Pacific Indoor Flooring Market Country Overview
6.2 Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
7. Asia Pacific Indoor Flooring Market Analysis– By Type
7.1 Overview
7.2 Asia Pacific Indoor Flooring Market, by Type (2020 and 2028)
7.3 Ceramic Tiles
7.3.1 Overview
7.3.2 Ceramic Tiles: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
7.4 Carpet
7.4.1 Overview
7.4.2 Carpets: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
7.5 Vinyl Linoleum and Rubber
7.5.1 Overview
7.5.2 Vinyl Linoleum and Rubber: Asia Pacific Indoor Flooring Market Revenue and Forecast to 2028 (US$ Billion)
7.6 Wood and Laminate
7.6.1 Overview
7.6.2 Wood and Laminate: Asia Pacific Indoor Flooring Market Revenue and Forecast to 2028 (US$ Billion)
7.7 Others
7.7.1 Overview
7.7.2 Others: Asia Pacific Indoor Flooring Market Revenue and Forecast to 2028 (US$ Billion)
8. Asia Pacific Indoor Flooring Market Analysis – By End User
8.1 Overview
8.2 Asia Pacific Indoor Flooring Market, by End User (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
8.4 Non-Residential
8.4.1 Overview
8.4.2 Non-Residential: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2027 (US$ Billion)
9. Asia Pacific Indoor Flooring Market – Country Analysis
9.1 Overview
9.2 APAC: Asia Pacific Indoor Flooring Market
9.2.1 APAC: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
9.2.1.1 Australia: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
9.2.1.1.1 Australia: Asia Pacific Indoor Flooring Market, by Type
9.2.1.1.2 Australia: Asia Pacific Indoor Flooring Market, by End User
9.2.1.2 China: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
9.2.1.2.1 China: Asia Pacific Indoor Flooring Market, by Type
9.2.1.2.2 China: Asia Pacific Indoor Flooring Market, by End User
9.2.1.3 India: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
9.2.1.3.1 India: Asia Pacific Indoor Flooring Market, by Type
9.2.1.3.2 India: Asia Pacific Indoor Flooring Market, by End User
9.2.1.4 Japan: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
9.2.1.4.1 Japan: Asia Pacific Indoor Flooring Market, by Type
9.2.1.4.2 Japan: Asia Pacific Indoor Flooring Market, by End User
9.2.1.5 South Korea: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
9.2.1.5.1 South Korea: Asia Pacific Indoor Flooring Market, by Type
9.2.1.5.2 South Korea: Asia Pacific Indoor Flooring Market, by End User
9.2.1.6 Rest of APAC: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
9.2.1.6.1 Rest of APAC: Asia Pacific Indoor Flooring Market, by Type
9.2.1.6.2 Rest of APAC: Asia Pacific Indoor Flooring Market, by End User
10. Impact of COVID-19 Outbreak
10.1.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Strategy and Business Planning
11.2 Product news
11.3 Merger and Acquisition
12. Company Profiles
12.1 Forbo International SA
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 Armstrong Flooring, 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 Beaulieu International Group
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 Interface, 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 Toli Corporation
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 Mohawk Industries, Inc.
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 Shaw Industries Group, 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
13. Appendix
13.1 About the Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. APAC: Asia Pacific Indoor Flooring Market, by Type – Revenue and Forecast to 2028 (US$ Billion)
Table 2. APAC: Asia Pacific Indoor Flooring Market, by End User – Revenue and Forecast to 2028 (US$ Billion)
Table 3. Australia: Asia Pacific Indoor Flooring Market, By Type – Revenue and Forecast to 2028 (US$ Billion)
Table 4. Australia: Asia Pacific Indoor Flooring Market, By End User – Revenue and Forecast to 2028 (US$ Billion)
Table 5. China: Asia Pacific Indoor Flooring Market, By Type – Revenue and Forecast to 2028 (US$ Billion)
Table 6. China: Asia Pacific Indoor Flooring Market, By End User – Revenue and Forecast to 2028 (US$ Billion)
Table 7. India: Asia Pacific Indoor Flooring Market, By Types – Revenue and Forecast to 2028 (US$ Billion)
Table 8. India: Asia Pacific Indoor Flooring Market, By End User – Revenue and Forecast to 2028 (US$ Billion)
Table 9. Japan: Asia Pacific Indoor Flooring Market, By Types – Revenue and Forecast to 2028 (US$ Billion)
Table 10. Japan: Asia Pacific Indoor Flooring Market, By End User – Revenue and Forecast to 2028 (US$ Billion)
Table 11. South Korea: Asia Pacific Indoor Flooring Market, By Type– Revenue and Forecast to 2028 (US$ Billion)
Table 12. South Korea: Asia Pacific Indoor Flooring Market, By End User – Revenue and Forecast to 2028 (US$ Billion)
Table 13. Rest of APAC: Asia Pacific Indoor Flooring Market, By Type – Revenue and Forecast to 2028 (US$ Billion)
Table 14. Rest of APAC: Asia Pacific Indoor Flooring Market, By End User – Revenue and Forecast to 2028 (US$ Billion)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. Asia Pacific Indoor Flooring Market Segmentation
Figure 2. Asia Pacific Indoor Flooring Market Overview
Figure 3. Ceramic Tiles segment Held the Largest Share During Forecast Period
Figure 4. Asia Pacific Indoor Flooring Market, Country Analysis
Figure 5. APAC: PEST Analysis
Figure 6. Asia Pacific Indoor Flooring Market Impact Analysis of Drivers and Restraint
Figure 7. Country Overview of Asia Pacific Indoor Flooring Market
Figure 8. Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 9. Asia Pacific Indoor Flooring Market Revenue Share, by Type (2020 and 2028)
Figure 10. Ceramic Tiles: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 11. Carpets: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 12. Vinyl Linoleum and Rubber: Asia Pacific Indoor Flooring Market Revenue and Forecast to 2028(US$ Billion)
Figure 13. Wood and Laminate: Asia Pacific Indoor Flooring Market Revenue and Forecast to 2028 (US$ Billion)
Figure 14. Other : Asia Pacific Indoor Flooring Market Revenue and Forecast to 2028 (US$ Billion)
Figure 15. Asia Pacific Indoor Flooring Market Revenue Share, by End User (2020 and 2028)
Figure 16. Residential: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 17. Non-Residential: Asia Pacific Indoor Flooring Market– Revenue and Forecast to 2028 (US$ Billion)
Figure 18. Asia Pacific Indoor Flooring Market Revenue Share, by Region (2021 and 2028)
Figure 19. APAC: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 20. Australia: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 21. China: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 22. India: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 23. Japan: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 24. South Korea: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 25. Rest of APAC: Asia Pacific Indoor Flooring Market – Revenue and Forecast to 2028 (US$ Billion)
Figure 26. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
- Forbo International SA
- Armstrong Flooring, Inc.
- Beaulieu International Group
- Interface, Inc.
- Toli Corporation
- Mohawk Industries, Inc.
- Shaw Industries Group, Inc.
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific indoor 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 Asia Pacific indoor 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 global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.