Dublin, Feb. 16, 2021 (GLOBE NEWSWIRE) -- The "Asia Pacific Flooring Market Size, Share & Trends Analysis Report by Product (Ceramic Tiles, Wood & Laminate Flooring), by Application (Residential, Non-residential), and Segment Forecasts, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The Asia Pacific flooring market size is expected to reach USD 285.86 billion by 2027
The market is expected to expand at a CAGR of 4.0%, in terms of revenue, over the forecast period due to a positive outlook toward its overall construction industry.
The construction industry is projected to be driven by an increase in spending on affordable housing development. Governments of countries such as Indonesia and India actively provide subsidies on land and construction costs and reduce the red tape in planning and approval processes. These initiatives are positively impacting the overall construction market in the Asia Pacific.
The penetration of multinational brands backed by favorable trade policies contributes to the growth of the commercial sector in the Asia Pacific. The consequent rise in the construction of office spaces, shopping malls, lodging spaces, and other utility spaces across the region is likely to propel the demand for ceramic tile flooring materials.
The flooring market in the region is characterized by intense competition amongst the flooring manufacturers serving significant countries. Increasing investments and continuous R&D in vinyl flooring products have led to the introduction of flooring materials with enhanced durability and strength.
Asia Pacific Flooring Market Report Highlights
Ceramic tiles are expected to witness a CAGR of 4.7% over the forecast period, on account of its popularity and favorable properties such as low porosity and resistance to fungus, bacteria, humidity, and stains.
The residential application segment led the market share to contribute more than 61% in 2019 in terms of revenue due to increasing constructions for multi-family homes in the region, fueling the demand for flooring products over the forecast period.
Asia Pacific region is expected to witness a CAGR of 4% in terms of revenue, owing to the increasing development of new innovative floor covering solutions and changing consumer trends in construction solutions and floor design.
China was estimated to have the highest regional share of over 36% on account of population expansion and industrial development in the country, favoring the growth of the flooring market over the forecast period.
Key market players are increasingly focusing on enhancing product quality and providing product customization. Investments, divestments, and regional expansion are the key strategies adopted by major players to strengthen their market presence.
Key Topics Covered:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Asia Pacific Flooring Market Variables, Trends, and Scope
3.1. Market Lineage Outlook
3.1.1. Asia Pacific Construction Market Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Asia Pacific Flooring Market - Value Chain Analysis
3.3.1. Raw material trends (Vinyl Flooring)
3.3.2. Sales Channel analysis
3.3.3. Vendor Selection Analysis
3.4. Asia Pacific Flooring market - Regulatory Landscape
3.5. Asia Pacific Flooring: Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.6. Asia Pacific Flooring Industry Analysis: Porter's
3.7. Asia Pacific Flooring Industry Analysis - PESTEL
3.8. Market entry strategies
3.9. Case Studies
3.9.1. MOHAWK Industries
3.9.2. Sangetsu Corporation
3.9.3. TOLI Corporation
Chapter 4. Asia Pacific Flooring Market: Product Estimates & Trend Analysis
4.1. Asia Pacific Flooring: Product Movement Analysis & Market Share, 2019 & 2027
4.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the following:
4.2.1. Ceramic Tiles
4.2.2. Vinyl Sheets & Floor Tiles
4.2.3. Luxury Vinyl Tiles
4.2.4. Wood & Laminate Flooring
4.2.5. Carpet Flooring
Chapter 5. Asia Pacific Flooring Market: Application Estimates & Trend Analysis
5.1. Asia Pacific Flooring: Application Movement Analysis & Market Share, 2019 & 2027
5.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027 for the following:
Chapter 6. Asia Pacific Flooring Market: Regional Estimates & Trend Analysis
6.1. Asia Pacific Flooring: Regional Movement Analysis & Market Share, 2019 & 2027
6.2. Market Size & Forecasts and Trend Analysis, 2016 to 2027
Chapter 7. Competitive Landscape
7.1. Key global players & recent developments & their impact on the industry
7.2. Key Company/Competition Categorization
7.3. Vendor Landscape
7.4. Company Market Position Analysis
7.5. Competitive Dashboard Analysis
7.7. List of emerging companies & their geographical presence
Chapter 8. Competitive Profiles
Karndean Design Flooring
Armstrong Flooring, Inc.
Carpet One Australasia Pty. Ltd.
Kajaria Ceramics Limited
Shaw Industries Group, Inc.
Atlas Concorde S.P.A.
Milliken & Company
Mohawk Industries, Inc.
Forbo Flooring Systems
C.I. Takiron Corporation
Beixin Resilient Flooring Co., Ltd.
Shanghai Grand Dragon Peng lid New Material Co., Ltd.
Mondo Floorings (China) Co., Ltd.
Tajima Roofing Co., Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/4hluz6
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