China Floor Covering Market Analysis 2022-2026: Beaulieu International Group NV, Elegant Living, and Forbo Holding Ltd are Among the Major Vendors
The floor-covering market share in China is expected to grow by USD 4.96 billion, accelerating at a CAGR of 8% during the forecast period. The market is fragmented due to the presence of several players. Technavio's research report provides insights into the top market players and their product portfolios along with pipeline analysis of upcoming developments and growth opportunities.
Beaulieu International Group NV, Elegant Living, Forbo Holding Ltd, Foshan Hanse Industrial Co. Ltd., Fujian Floors China Co. Ltd., Hangzhou HanHent Industries Co. Ltd., Milliken and Co., Shanghai Cimic Tiles Co. Ltd., SWISS KRONO Tec AG, and Tjinan Luckyforest Decoration Material Co. Ltd. are some of the major floor-covering market vendors in China.
The growth of the players depends on several factors such as market conditions, government support, and industry development. Market players must distinguish their product and service offerings through a clear and unique value proposition to secure a substantial market share. The floor-covering market report in China will provide a detailed study of the key players with insights into their product portfolio and future pipeline. Unlock Free Sample Analysis Report
Floor Covering Market in China: Market Highlights
- The floor covering market in China is segmented by type (carpet and rug, luxury vinyl flooring, ceramic tile, wood, and others) and application (residential and commercial).
- The floor covering market growth in China by the carpet and rug segment will be significant during the forecast period. The growth of the segment is attributed to the factors such as ease of installment and renovation compared to other product types of floor covering.
- Rapid growth in the construction industry is one of the primary factors driving the floor-covering market growth in China.
- In addition, the demand for waterproof floor covering is the major floor covering market trend in China which will positively influence the market growth.
- However, the rising prices of raw materials are hindering market growth in China.
- The floor-covering market report in China provides a detailed study of all the other drivers that will boost market growth. Understanding the key drivers will enable businesses to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerating at a CAGR of 8.00%.
- What is the incremental growth of the market?
The market is expected to grow by USD 4.96 billion.
- What is a key factor driving this market?
Rapid growth in the construction industry will drive market growth over the forecast period.
- Who are the leading market vendors?
The leading vendors in this market are Beaulieu International Group NV, Elegant Living, Forbo Holding Ltd, Foshan Hanse Industrial Co. Ltd., Fujian Floors China Co. Ltd., Hangzhou HanHent Industries Co. Ltd., Milliken and Co., Shanghai Cimic Tiles Co. Ltd., SWISS KRONO Tec AG, and Tjinan Luckyforest Decoration Material Co. Ltd.