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China Floor Covering Market Size (2024 - 2029)

The China Floor Covering Market is poised for significant growth, driven primarily by the real estate and construction sectors, with a substantial demand for residential housing. The market's expansion is further supported by the increasing need for new flooring in commercial, old, and used houses. In China, floor covering is viewed as a crucial building material, with a substantial portion being retailed and installed by manufacturers. The demand is expected to surge due to urban migration, necessitating extensive new floor space. The continuous development of the real estate industry and the rising acceptance of flooring's aesthetic value are anticipated to further propel the market size during the forecast period.

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Market Size of China Floor Covering Industry

China Floor Covering Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR (2024 - 2029) > 7.00 %
Market Concentration Low

Major Players

China Floor Covering Market Major Players

*Disclaimer: Major Players sorted in no particular order

China Floor Covering Market Analysis

The China Floor Covering Market is expected to register a CAGR of greater than 7% during the forecast period(2024-2029).

The majority of the flooring market demand in China is driven by the real estate and construction sectors, of which the demand for residential housing is rather substantial. The number of commercial houses, new houses, old houses, and used houses that need new floors has been steadily growing steadily. The good growth of the Chinese high-end flooring market is helped by the growth of secondary decoration and better housing.

In China, floor covering is regarded as a building material rather than a decorative item. Most of the floor covering is retailed and installed by manufacturers. Between 1,600 million and 1,900 million square meters of new floor space will be needed each year between now and 2027 to meet the needs caused by urban migration. This is a staggering demand, with every square meter of floor space needing floor covering, which is expected to boost market growth.

Chinese floor market demand is increasing year by year. The development of the Chinese real estate industry continues to rise, and the demand for flooring in the future development of the national economy may be strongly driven. The continuous development of the real estate industry and the increasing acceptance of flooring's aesthetic needs are likely to boost demand for flooring in China during the forecast period.

China Floor Covering Industry Segmentation

Floor covering means any surface used to cover the basic floor or subfloor construction, including carpet, vinyl, tile, laminate, and hardwood. A complete background analysis of the Chinese floor covering market, which includes an assessment of the parent market, emerging trends by segments and regional markets, significant changes in market dynamics, and a market overview, is covered in the report. The report also features a qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry's value chain.

The China Floor Covering Market Is Segmented By Material (Carpet Flooring, Non-Resilient Flooring, And Resilient Flooring), End-Use (Residential And Commercial), Construction (New Construction And Renovation Or Replacement), And Distribution Channel (Manufacturer-Owned Stores, Specialty Stores, Online, And Other Distribution Channels). The Report Offers Market Size And Forecasts For The China Floor Covering Market In Value (USD) For All The Above Segments.

By Material
Carpet Flooring
Non-resilient Flooring
Wood Flooring
Laminate Flooring
Stone Flooring
Ceramic Floor and Wall Tile
Resilient Flooring
Vinylsheet and Luxury Vinyl Tiles
Other Resilient Floorings
By End Use
Residential
Commercial
By Construction
New Construction
Renovation/ Replacement
By Distribution Channel
Manufacturer Owned Stores
Speciality Stores
Online
Other Distribution Channels
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China Floor Covering Market Size Summary

The China floor covering market is poised for significant growth, driven primarily by the robust expansion of the real estate and construction sectors. The demand for flooring is largely fueled by the need for new residential housing, as well as the renovation of existing properties. In China, floor covering is viewed as an essential building material rather than merely a decorative element, with most products being retailed and installed directly by manufacturers. The ongoing urban migration is expected to create a substantial demand for new floor space, further propelling market growth. The increasing acceptance of flooring's aesthetic value, alongside the continuous development of the real estate industry, is anticipated to bolster demand during the forecast period.

Ceramic flooring holds the largest market share among the various types of flooring in China, with the country being the world's leading producer of ceramic tiles. The growth of the construction industry, particularly in residential projects, is closely linked to the rising demand for ceramic tiles, both indoors and outdoors. The Chinese market is characterized by a high percentage of low-cost ceramic tiles, which dominate the sector. The market is highly competitive and fragmented, with major players like Milliken Flooring, Forbo Flooring Systems, and Hanflor actively participating. The potential for global manufacturers to tap into China's rising consumerism and market expansion is significant, as evidenced by strategic investments and innovations within the industry.

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China Floor Covering Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain Analysis

    5. 1.5 Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Buyers

      2. 1.5.2 Bargaining Power of Suppliers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19 on the Market

    7. 1.7 Insights on Technological Advancements in the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 Carpet Flooring

      2. 2.1.2 Non-resilient Flooring

        1. 2.1.2.1 Wood Flooring

        2. 2.1.2.2 Laminate Flooring

        3. 2.1.2.3 Stone Flooring

        4. 2.1.2.4 Ceramic Floor and Wall Tile

      3. 2.1.3 Resilient Flooring

        1. 2.1.3.1 Vinylsheet and Luxury Vinyl Tiles

        2. 2.1.3.2 Other Resilient Floorings

    2. 2.2 By End Use

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Construction

      1. 2.3.1 New Construction

      2. 2.3.2 Renovation/ Replacement

    4. 2.4 By Distribution Channel

      1. 2.4.1 Manufacturer Owned Stores

      2. 2.4.2 Speciality Stores

      3. 2.4.3 Online

      4. 2.4.4 Other Distribution Channels

China Floor Covering Market Size FAQs

The China Floor Covering Market is projected to register a CAGR of greater than 7% during the forecast period (2024-2029)

Milliken Flooring, Forbo Flooring Systems, Hanflor, BeFlooring and Hanse Tile are the major companies operating in the China Floor Covering Market.

China Floor Covering Market Report Snapshots

China Floor Covering Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)