Market Size of Taiwan Floor Covering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | < 6.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Taiwan Floor Covering Market Analysis
Due to supply chain disruptions, social distancing measures, and low consumer confidence caused by the COVID-19 pandemic, sales in the Floor Covering Stores industry have declined substantially over the first half of 2020. However, as many consumers worked from home in 2020, spending on floor coverings grew in the second half of 2020, partly offsetting the decline in Taiwan's first half of 2020.
The infrastructural development of residential and commercial structures in Taiwan has motivated several manufacturers of floor coatings to increase their production capacities in this region. Also, the need for a better type of flooring which is durable has increased. Commercial areas prefer to use Soft Covering material, including Carpets and Rugs. Even in the residential areas, people are now looking toward Floor covering material to maintain an aesthetic view and durability.
Enforcement of government regulations regarding waste disposal and carbon emission significantly influences the broadloom and carpet tile manufacturing industry. As a result, tile manufacturers are working on a product recycling process with more focus on a reverse distribution model to promote the return of carpet tiles. The latest constructed residential spaces prefer to use Floor Covering Materials, and these residential areas are the target audience for Floor Covering companies.
Taiwan Floor Covering Industry Segmentation
The Floor Covering Market includes all materials used to coat the floor in residential or commercial places. Taiwan Floor Covering Market is segmented By Product (Carpet and Area Rugs, Wood Flooring, Ceramic Tiles Flooring, Laminate Flooring, Vinyl Flooring, Stone Flooring, and Other Products), By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels) and By End User (Residential, Commercial).
| By Product | |
| Carpet and Area Rugs | |
| Wood Flooring | |
| Ceramic Tiles Flooring | |
| Laminate Flooring | |
| Vinyl Flooring | |
| Stone Flooring | |
| Other Products |
| By Distribution Channel | |
| Home Centers | |
| Flagship Stores | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
| By End User | |
| Residential | |
| Commercial |
Taiwan Floor Covering Market Size Summary
The Taiwan floor covering market has shown resilience and adaptability in the face of challenges such as supply chain disruptions and shifts in consumer behavior due to the COVID-19 pandemic. Initially, the market experienced a decline, but the shift to remote work led to increased spending on floor coverings as consumers sought to enhance their home environments. The ongoing infrastructural development in both residential and commercial sectors has prompted manufacturers to expand production capacities, focusing on durable and aesthetically pleasing flooring solutions. Government regulations on waste disposal and carbon emissions have also influenced the industry, encouraging manufacturers to adopt sustainable practices such as product recycling and reverse distribution models. This regulatory environment, coupled with a growing preference for soft covering materials like carpets and rugs, has driven innovation and growth in the market.
The demand for floor coverings in Taiwan is particularly strong in commercial spaces, where the need for attractive and durable flooring solutions is rising. Urbanization and the establishment of new commercial venues have further fueled this demand, as businesses seek to create appealing environments for customers. The market is characterized by a high level of competition and fragmentation, with numerous companies specializing in various types of floor covering materials. Key players such as WINNER FLOOR Ltd. and Everwood Ltd. are actively expanding their production capabilities to meet this demand. The trend towards soft covering materials is expected to continue, with both commercial and residential sectors increasingly favoring these options for their aesthetic and functional benefits.
Taiwan Floor Covering Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Technological Advancements in the Industry
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1.7 Impact of COVID - 19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Carpet and Area Rugs
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2.1.2 Wood Flooring
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2.1.3 Ceramic Tiles Flooring
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2.1.4 Laminate Flooring
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2.1.5 Vinyl Flooring
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2.1.6 Stone Flooring
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2.1.7 Other Products
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2.2 By Distribution Channel
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2.2.1 Home Centers
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2.2.2 Flagship Stores
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2.2.3 Specialty Stores
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2.2.4 Online Stores
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2.2.5 Other Distribution Channels
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2.3 By End User
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2.3.1 Residential
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2.3.2 Commercial
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Taiwan Floor Covering Market Size FAQs
What is the current Taiwan Floor Covering Market size?
The Taiwan Floor Covering Market is projected to register a CAGR of less than 6% during the forecast period (2024-2029)
Who are the key players in Taiwan Floor Covering Market?
WINNER FLOOR Ltd., Everwood Ltd, Pacific Hardwood Flooring, HOURM ENG Industry and TAIWAN ENAMELWARE COMPANY LIMITED are the major companies operating in the Taiwan Floor Covering Market.
