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Asia-Pacific Flooring Market Size, Share & Trends Analysis Report by Product (Ceramics, Vitrified, Carpet, Vinyl, LVT), Application (Residential, Commercial, Industrial), Region, and Segment Forecasts, 2024-2030

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    Report

  • 126 Pages
  • January 2024
  • Region: Asia Pacific
  • Grand View Research
  • ID: 5230445
Description Jump to:
The Asia-Pacific flooring market is anticipated to reach USD 190.64 billion by 2030 and is anticipated to expand at a CAGR of 6% during the forecast period. The growing construction industry with the increasing population in Asian countries including China, India, Japan, Indonesia, and Vietnam is expected to contribute to the market growth. In addition, the rising demand for aesthetically pleasing, durable, and easy to maintain products such as vinyl flooring and ceramic tiles is expected to drive the growth over the forecast period.

Moreover, the ongoing development of new innovative floor coverings and the prevailing demand trends from consumers related to construction solutions and floor designs also fuel the growth of flooring market in Asia-Pacific. Expanding offices and workspaces, improving consumer lifestyle, and ongoing urbanization also contribute to the growth of the market in the region.

The flooring industry is witnessing significant growth in terms of technological developments and styling trends. Innovations and new trends in floor designs and construction solutions have extensively driven demand for floorings. The market is highly competitive in nature with numerous players offering a variety of flooring solutions across the residential, commercial, and industrial segments. Furthermore, end users are changing preferences from traditional flooring solutions to eco-friendly and cost-effective materials, such as rubber, cork, bamboo, and linoleum, which is expected to drive demand for these floorings.

The market for ceramic tiles is unorganized to a significant extent in Asia-Pacific as numerous domestic players are operating across the region. A large number of small-scale players manufacture and distribute a variety of flooring products. These players prefer the supply of products directly to end-users by avoiding distribution channels, thereby negatively affecting the value chain of flooring.

Prominent players in the value chain are engaged in providing flooring installation services to end users along with post-installation care. This increases the profit margins of the industry players. Logistics bridges manufacturing and retail. There is high traffic in trade of flooring solutions such as tiles, carpets, and laminates between countries and regions. Cost, design, and aesthetics also play an important role in terms of selecting flooring options. The availability of a wide choice to consumers, presence of sales offices of key manufacturers across region, and provision of services to consumers have resulted in high trade volume of flooring solutions.

Asia-Pacific Flooring Market Report Highlights

  • Ceramic tiles dominated the technology segment with more than 23% share in 2023 owing to its characteristics including scratch and stain resistance, durability, and recyclability.
  • Natural Stone segment is expected to grow at the fastest CAGR over the forecast period.
  • The residential application segment held largest market share of 49.8% in 2023 owing to rising construction of single family and multi-family homes coupled with growing population in Asian countries.
  • China dominated the market owing to factors such as easy availability of skilled labor at a lower cost along with presence of favorable government regulations related to flooring, are prime factors attracting multinational companies to invest in the country for business expansions.
  • In January 2023, Ceramiche Atlas Concorde S.p.A announced completion of a new plant that has started the production of large-format porcelain slabs from May 2023. This initiative is expected to help Ceramiche Atlas Concorde S.p.A. consolidate leadership of Atlas Concorde as its international partner for all ceramic products.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Snapshot
2.2. Segment Snapshot
2.3. Competitive Landscape Snapshot
Chapter 3. Asia-Pacific Flooring Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.2. Industry Value Chain Analysis
3.2.1. Price Trend Analysis
3.2.2. Raw Material Trends
3.2.3. Sales Channel Analysis
3.3. Regulatory Framework
3.4. Technology Overview
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Industry Analysis Tools
3.6.1. Porter’s Five Forces Analysis
3.6.2. PESTLE Analysis
3.7. Market Disruption Analysis
Chapter 4. Asia-Pacific Flooring Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2023 & 2030
4.2. Asia-Pacific Flooring Market Estimates & Forecast, by Product, 2018 to 2030 (Million Square Meters) (USD Billion)
4.3. Ceramic Tiles
4.3.1. Asia-Pacific Ceramic Tiles Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.4. Vitrified (Porcelain) Tiles
4.4.1. Asia-Pacific Vitrified (Porcelain) Tiles Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.5. Carpet
4.5.1. Asia-Pacific Carpet Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.6. Vinyl
4.6.1. Asia-Pacific Vinyl Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.7. Luxury Vinyl Tiles (LVT)
4.7.1. Asia-Pacific Luxury Vinyl Tiles Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.8. Linoleum & Rubber
4.8.1. Asia-Pacific Linoleum & Rubber Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9. Wood
4.9.1. Asia-Pacific Wood Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9.2. Solid Wood
4.9.2.1. Asia-Pacific Solid Wood Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9.3. Engineered Wood
4.9.3.1. Asia-Pacific Engineered Wood Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9.3.2. Multiply Engineered
4.9.3.2.1. Asia-Pacific Multiply Engineered Wood Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9.3.3. 3-Ply Engineered
4.9.3.3.1. Asia-Pacific 3-Ply Engineered Wood Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9.3.4. HDF Core Engineered
4.9.3.4.1. Asia-Pacific HDF Core Engineered Wood Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9.3.5. Others
4.9.3.5.1. Asia-Pacific Other Engineered Wood Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.9.4. Parquet
4.9.4.1. Asia-Pacific Parquet Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.10. Laminate
4.10.1. Asia-Pacific Laminate Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.11. Natural Stone
4.11.1. Asia-Pacific Natural Stone Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
4.12. Others
4.12.1. Asia-Pacific Other Flooring Market Revenue Estimates and Forecasts, 2018-2030 (Million Square Meters) (USD Billion)
Chapter 5. Asia-Pacific Flooring Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2023 & 2030
5.2. Asia-Pacific Flooring Market Estimates & Forecast, by Application, 2018 to 2030 (Kilo Tons) (USD Million)
5.3. Residential
5.3.1. Asia-Pacific Flooring Market Revenue Estimates and Forecasts, by Residential, 2018-2030 (Million Square Meters) (USD Billion)
5.4. Commercial
5.4.1. Asia-Pacific Flooring Market Revenue Estimates and Forecasts, by Commercial, 2018-2030 (Million Square Meters) (USD Billion)
5.5. Industrial
5.5.1. Asia-Pacific Flooring Market Revenue Estimates and Forecasts, by Industrial, 2018-2030 (Million Square Meters) (USD Billion)
Chapter 6. Asia-Pacific Flooring Market: Regional Estimates & Trend Analysis
6.1. Regional Movement Analysis & Market Share, 2023 & 2030
6.2. Asia-Pacific
6.2.1. Asia-Pacific Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.2. China
6.2.2.1. China Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.3. Japan
6.2.3.1. Japan Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.4. India
6.2.4.1. India Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.5. Malaysia
6.2.5.1. Malaysia Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.6. Australia
6.2.6.1. Australia Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.7. South Korea
6.2.7.1. South Korea Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.8. New Zealand
6.2.8.1. New Zealand Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.9. Indonesia
6.2.9.1. Indonesia Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.10. Philippines
6.2.10.1. Philippines Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.11. Vietnam
6.2.11.1. Vietnam Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.12. Taiwan
6.2.12.1. Taiwan Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.13. Thailand
6.2.13.1. Thailand Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
6.2.14. Singapore
6.2.14.1. Singapore Flooring Market Estimates & Forecast, 2018-2030 (Million Square Meters) (USD Billion)
Chapter 7. Asia-Pacific Flooring Market - Competitive Landscape
7.1. Recent Developments & Impact Analysis, by Key Market Participants
7.2. Company Categorization
7.3. Company Market Share/Position Analysis, 2023
7.4. Company Heat Map Analysis
7.5. Strategy Mapping
7.6. Company Profiles
7.6.1. TOLI Corporation
7.6.1.1. Participant’s overview
7.6.1.2. Financial performance
7.6.1.3. Product benchmarking
7.6.1.4. Recent developments
7.6.2. AHF, LLC
7.6.2.1. Participant’s overview
7.6.2.2. Financial performance
7.6.2.3. Product benchmarking
7.6.2.4. Recent developments
7.6.3. Gerflor Group
7.6.3.1. Participant’s overview
7.6.3.2. Financial performance
7.6.3.3. Product benchmarking
7.6.3.4. Recent developments
7.6.4. Forbo Flooring Systems
7.6.4.1. Participant’s overview
7.6.4.2. Financial performance
7.6.4.3. Product benchmarking
7.6.4.4. Recent developments
7.6.5. Interface, Inc.
7.6.5.1. Participant’s overview
7.6.5.2. Financial performance
7.6.5.3. Product benchmarking
7.6.5.4. Recent developments
7.6.6. RAK CERAMICS
7.6.6.1. Participant’s overview
7.6.6.2. Financial performance
7.6.6.3. Product benchmarking
7.6.6.4. Recent developments
7.6.7. Tarkett
7.6.7.1. Participant’s overview
7.6.7.2. Financial performance
7.6.7.3. Product benchmarking
7.6.7.4. Recent developments
7.6.8. Shaw Industries Group, Inc.
7.6.8.1. Participant’s overview
7.6.8.2. Financial performance
7.6.8.3. Product benchmarking
7.6.8.4. Recent developments
7.6.9. Polyflor Ltd
7.6.9.1. Participant’s overview
7.6.9.2. Financial performance
7.6.9.3. Product benchmarking
7.6.9.4. Recent developments
7.6.10. Karndean
7.6.10.1. Participant’s overview
7.6.10.2. Financial performance
7.6.10.3. Product benchmarking
7.6.10.4. Recent developments
7.6.11. Carpet One Australasia Pty Ltd
7.6.11.1. Participant’s overview
7.6.11.2. Financial performance
7.6.11.3. Product benchmarking
7.6.11.4. Recent developments
7.6.12. Kajaria Ceramics Limited
7.6.12.1. Participant’s overview
7.6.12.2. Financial performance
7.6.12.3. Product benchmarking
7.6.12.4. Recent developments
7.6.13. Ceramiche Atlas Concorde S.p.A
7.6.13.1. Participant’s overview
7.6.13.2. Financial performance
7.6.13.3. Product benchmarking
7.6.13.4. Recent developments
7.6.14. Milliken & Company
7.6.14.1. Participant’s overview
7.6.14.2. Financial performance
7.6.14.3. Product benchmarking
7.6.14.4. Recent developments
7.6.15. EGGER
7.6.15.1. Participant’s overview
7.6.15.2. Financial performance
7.6.15.3. Product benchmarking
7.6.15.4. Recent developments
7.6.16. MOHAWK INDUSTRIES, INC.
7.6.16.1. Participant’s overview
7.6.16.2. Financial performance
7.6.16.3. Product benchmarking
7.6.16.4. Recent developments
List of Tables
Table 1 Asia-Pacific Flooring Market Estimates & Forecasts, by Product, 2018-2030 (Million Square Meters)
Table 2 Asia-Pacific Flooring Market Estimates & Forecasts, by Product, 2018-2030 (USD Million)
Table 3 Asia-Pacific Flooring Market Estimates & Forecasts, by Application, 2018-2030 (Million Square Meters)
Table 4 Asia-Pacific Flooring Market Estimates & Forecasts, by Application, 2018-2030 (USD Million)
Table 5 Company Heat Map Analysis
List of Figures
Fig. 1 Asia-Pacific Flooring Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Model
Fig. 4 Market Formulation And Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Market Outlook
Fig. 7 Segmental Outlook
Fig. 8 Competitive Outlook
Fig. 9 Asia-Pacific Flooring Market - Global Flooring Market
Fig. 10 Asia-Pacific Flooring Market - Value Chain Analysis
Fig. 11 China Natural Rubber Price Trend (USD per Kg)
Fig. 12 India Polypropylene Price Trend (USD/Kiloton)
Fig. 13 Ceramic Tiles Sales Channel Analysis
Fig. 14 Vinyl flooring sales channel model
Fig. 15 Market Dynamics
Fig. 16 Market driver impact analysis
Fig. 17 GDP from Construction Industry in India, Q2 2020 - Q1 2023 (USD Billion)
Fig. 18 Market restraint impact analysis
Fig. 19 Industry Analysis: Porter’s
Fig. 20 PESTEL Analysis, By SWOT
Fig. 21 Product: Key takeaways
Fig. 22 Product: Market share, 2022 & 2030
Fig. 23 Asia-Pacific ceramic tile flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 24 Asia-Pacific vitrified (porcelain) tile flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 25 Asia-Pacific carpet flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 26 Asia-Pacific vinyl flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 27 Asia-Pacific luxury vinyl (LVT) flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 28 Asia-Pacific linoleum & rubber flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 29 Asia-Pacific solid wood flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 30 Asia-Pacific engineered wood flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 31 Asia-Pacific multiply engineered wood flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 32 Asia-Pacific 3-ply engineered wood flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 33 Asia-Pacific HDF core engineered wood flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 34 Asia-Pacific other engineered wood flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 35 Asia-Pacific parquet flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 36 Asia-Pacific laminate flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 37 Asia-Pacific natural stone flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 38 Asia-Pacific other flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 39 Application: Key takeaways
Fig. 40 Application: Market share, 2022 & 2030
Fig. 41 Asia-Pacific flooring market estimates & forecasts, for residential, 2018-2030 (Million Square Meters) (USD Million)
Fig. 42 Asia-Pacific flooring market estimates & forecasts, for commercial, 2018-2030 (Million Square Meters) (USD Million)
Fig. 43 Asia-Pacific flooring market estimates & forecasts, for industrial, 2018-2030 (Million Square Meters) (USD Million)
Fig. 44 Region, 2022 & 2030, (USD Million)
Fig. 45 Regional Marketplace: Key Takeaways
Fig. 46 Asia-Pacific flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 47 China flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 48 India flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 49 Japan flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 50 South Korea flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 51 Australia flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 52 New Zealand flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 53 Malaysia flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 54 Indonesia flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 55 Philippines flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 56 Vietnam flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 57 Taiwan flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 58 Thailand flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Million)
Fig. 59 Singapore flooring market estimates & forecasts, 2018-2030 (Million Square Meters) (USD Mill
Fig. 60 Competition Categorization
Fig. 61 Company Market Positioning
Fig. 62 Strategy Mapping

Companies Mentioned

  • TOLI Corporation
  • AHF, LLC
  • Gerflor Group
  • Forbo Flooring Systems
  • Interface, Inc.
  • RAK CERAMICS
  • Tarkett
  • Shaw Industries Group, Inc.
  • Polyflor Ltd
  • Karndean
  • Carpet One Australasia Pty Ltd
  • Kajaria Ceramics Limited
  • Ceramiche Atlas Concorde S.p.A
  • Milliken & Company
  • EGGER
  • MOHAWK INDUSTRIES, INC.

Methodology

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Table Information

Report AttributeDetails
No. of Pages126
PublishedJanuary 2024
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 127.56 Billion
Forecasted Market Value ( USD ) by 2030 $ 190.64 Billion
Compound Annual Growth Rate6.0%
Regions CoveredAsia Pacific
No. of Companies Mentioned16

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