China Commercial Flooring Market Size & Outlook, 2022-2030
China commercial flooring market, 2018-2030 (US$M)
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China commercial flooring market highlights
- The China commercial flooring market generated a revenue of USD 23,521.3 million in 2022 and is expected to reach USD 37,171.4 million by 2030.
- The China market is expected to grow at a CAGR of 5.9% from 2023 to 2030.
- In terms of segment, ceramics was the largest revenue generating product in 2022.
- Wood & Laminate is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial flooring market data book summary
| Market revenue in 2022 | USD 23,521.3 million |
| Market revenue in 2030 | USD 37,171.4 million |
| Growth rate | 5.9% (CAGR from 2022 to 2030) |
| Largest segment | Ceramics |
| Fastest growing segment | Wood & Laminate |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Ceramics, Vitrified (Porcelain), Carpet, Vinyl, LVT, Linoleum & Rubber, Wood & Laminate, Natural Stone, Other Products |
| Key market players worldwide | Armstrong Flooring Inc, RPM International Inc, Interface Inc, Forbo Holding AG, James Halstead PLC, Noxel Corp, Amtico International, Congoleum, Gerflor Group, Mohawk Industries Inc, Mannington Mills, Inc., Nora systems, TOLI |
Other key industry trends
- In terms of revenue, China accounted for 17.6% of the global commercial flooring market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China commercial flooring market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 10,619.0 million by 2030.
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Commercial Flooring Market Scope
Commercial Flooring Market Companies
| Name | Profile | # Employees | HQ | Website |
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China commercial flooring market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial flooring market will help companies and investors design strategic landscapes.
Ceramics was the largest segment with a revenue share of 35% in 2022. Horizon Databook has segmented the China commercial flooring market based on ceramics, vitrified (porcelain), carpet, vinyl, lvt, linoleum & rubber, wood & laminate, natural stone, other products covering the revenue growth of each sub-segment from 2018 to 2030.
In 2022, China construction market was the largest in Asia Pacific owing to the developed industrial sector coupled with rising demand for commercial buildings. Population expansion has been a major factor driving the construction of working spaces and other commercial facilities in the country.
Flooring market in China is characterized by the presence of multinational manufacturers and skilled workforce and raw materials. In addition, industrial development is anticipated to support the growth of the commercial flooring market over the forecast period. Flooring products including carpets, broadlooms, vinyl, ceramics, hardwood, laminates are manufactured as well as imported from other countries in China.
Availability of essential resources at low cost, skilled and cheap labor, and favorable government regulations are the prime factors attracting multinational companies to invest in the country for business expansion. This has led to the construction of new office buildings and work facilities, thereby driving the demand for commercial flooring in office spaces.
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Target buyers of China commercial flooring market databook
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Our clientele includes a mix of commercial flooring market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China commercial flooring market, including forecasts for subscribers. This country databook contains high-level insights into China commercial flooring market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China commercial flooring market size, by product, 2018-2030 (US$M)
China Commercial Flooring Market Share, 2022 & 2030 (US$M)
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