Asia Pacific Indoor Flooring Market Trends and Analysis by 2028
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).
- Report Date : Mar 2022
- Report Code : TIPRE00027742
- Category : Manufacturing and Construction
- Status : Published
- Available Report Formats :
- No. of Pages : 111
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)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
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.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For