Market Trends of Asia-Pacific Floor Covering Industry
This section covers the major market trends shaping the APAC Floor Covering Market according to our research experts:
China is the Major Exporter of Ceramic Tiles to the United States
The growth in the ceramic tiles market may vary in co-relation with the construction industry. Increasing residential construction is expected to drive the demand for indoor and outdoor wall covering with ceramic tiles. The rising population may significantly boost construction needs, in turn, increasing the demand for ceramic tiles. Furthermore, increasing commercial construction is expected to drive the global ceramic tiles market. Asia-Pacific is anticipated to dominate the global ceramic tiles market, owing to the positive outlook for the construction industry in the major markets, such as India, China, Australia, and New Zealand. China is the major exporter of the ceramic tiles to the United States.
Floor Area of New Office Buildings in Tokyo, Japan
The office building market in Tokyo is experiencing unexpectedly steady inflation, due to high demand from companies looking to relocate and expand their office spaces. In 2015, the total floor area of new office buildings accounted for about 1.09 million square meters. The vacancy rate of offices remains at a historically low level, most of the newly constructed building’s office spaces are already completely reserved.
