Japan Floor Covering Market Size, Share, and COVID-19 Impact Analysis, By Product (Carpet & Area Rugs, Wood Flooring), By Distribution Channel (Online, Offline), By End-User (Residential, Non-Residential), and Japan Floor Covering Market Insights Forecasts 2023 – 2033

Industry: Advanced Materials

RELEASE DATE Dec 2023
REPORT ID SI3333
PAGES 200
REPORT FORMAT PathSoft

Japan Floor Covering Market Insights Forecasts to 2033

  • The Japan Floor Covering Market Size was valued at USD 178 Million in 2023
  • The Market Size is Growing at a CAGR of 4.85% from 2023 to 2033.
  • The Japan Floor Covering Market Size is Expected to Reach USD 285.70 Million by 2033.

Japan Floor Covering Market

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The Japan Floor Covering Market Size is expected to reach USD 285.70 Million by 2033, at a CAGR of 4.85% during the forecast period 2023 to 2033.

 

Market Overview

Flooring is the process of providing structural strength, covering the floor with any finishing materials, and creating a walkable space. Common flooring materials include wood, ceramic, terrazzo, and resilient flooring. Rugs and carpets are also included. Flooring is extremely important in the construction industry due to its properties such as durability and anti-slithery performance, among others. Solid and laminated wood floors made of wood, maple, or other hardwoods are available. Hardwood floors, particularly solid wood floors, can be polished to highlight the beauty of the wood grain and are generally durable. Stone floors are both attractive and durable, and are typically made of limestone, slate, marble, or flagstone. With rising demands for aesthetically pleasing interiors in both the residential and commercial segments, Japan's floor-covering market is changing. The country's consistently performing construction sector is assisting the market's standard growth.

 

Report Coverage

This research report categorizes the market for the Japan floor covering market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan floor covering market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan floor covering market.

 

Japan Floor Covering Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 178 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:4.85%
2033 Value Projection:USD 285.70 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:115
Segments covered:By Product, By Distribution Channel, By End-User
Companies Covered:Toli Corporation, Sincol Co. Ltd, Toyotex Co. Ltd, Daiken Corporation, Hisamatsu Seito Co. Ltd, Danto Tile Co. Ltd, Central Pacific Trading Co., Hirata Tile Co. Ltd, Sangetsu Corporation, Yoshidafusa Orimono Co. Ltd., and other key companies.
Pitfalls & Challenges:Covid-19 Empact,Challenges,Growth, Analysis.

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Driving Factors

The floor-covering market is expanding rapidly, due to several key factors. Japan's growing urbanization and construction activities have increased demand for floor coverings. Furthermore, the growing preference for aesthetically pleasing and customized interior designs has pushed the regional market forward. Furthermore, changing consumer preferences, such as a preference for luxury and premium flooring products, have broadened the market scope, opening up opportunities for innovation and differentiation. Furthermore, the expanding commercial sector in Japan, which includes offices, retail spaces, and hospitality establishments that require high-quality floor coverings to improve interior aesthetics and functionality, is expected to drive the market. Furthermore, technological advancements in flooring materials and installation methods have resulted in increased durability and ease of maintenance, which has fueled market growth.

 

Restraining Factors

Raw material price fluctuations can be a significant restraint for the flooring industry, affecting profitability and competitiveness. Raw material price fluctuations have a direct impact on the cost of producing flooring products. Manufacturers may face higher production costs if the prices of key raw materials such as wood, vinyl, carpet fibers, ceramics, or resins rise. This can result in higher finished flooring product prices, affecting consumer demand and market competitiveness.

 

Market Segment

  • In 2023, the carpet & area rugs segment accounted for the largest revenue share over the forecast period.

Based on the product, the Japan floor covering market is segmented into carpet & area rugs, and wood flooring. Among these, the carpet & area rugs segment has the largest revenue share over the forecast period. This can also be attributed to the products' constant innovation. It also creates a comfortable seating area and contributes to the overall appeal of office or home décor. Carpets and rugs provide a layer of protection for floors. Carpets and rugs are used for their functional properties as well as their aesthetic appearance, which improves the overall look and finishing of the décor. Nylon, polyester, and polypropylene are among the materials used to make carpets and rugs. Nylon carpets are extremely strong, making them ideal for high-traffic areas such as industrial and commercial carpeting.

 

 

  • In 2023, the online segment accounted for a significant revenue share over the forecast period.

Based on distribution channel, the Japan floor covering market is segmented into online and offline. Among these, the online segment has a significant revenue share over the forecast period. Floor covering can be obtained at a lower cost by using online platforms. These channels may offer a variety of benefits, such as coupons, free shipping, and other special deals. Furthermore, during the forecast period, several popular online items from a growing number of app-based vendors are propelling the market forward. To attract new customers and drive revenue, key players are showcasing their product portfolio on online websites and e-commerce portals such as Amazon, Flipkart, and Home Depot. Furthermore, the availability of a stable internet connection, consumer awareness of online purchasing, and government initiatives to promote e-commerce growth are some of the major factors driving market growth.

 

 

  • In 2023, the residential segment accounted for the largest revenue share over the forecast period.

Based on the end-user, the Japan floor covering market is segmented into residential and non-residential. Among these, the residential segment has the largest revenue share over the forecast period. In a private residence, Solid wood flooring is popular because it complements any home style. It can also be refinished up to five times to remove surface scratches, ensuring a long lifespan. Engineered wood flooring has the look of real wood but costs a fraction of the price. Exotic woods that are more dent and scratch-resistant. Except for solid wood, they're more stable and less susceptible to temperature and relative humidity swings, making them a good choice for a basement room.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan floor-covering market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Toli Corporation
  • Sincol Co. Ltd
  • Toyotex Co. Ltd
  • Daiken Corporation
  • Hisamatsu Seito Co. Ltd
  • Danto Tile Co. Ltd
  • Central Pacific Trading Co.
  • Hirata Tile Co. Ltd
  • Sangetsu Corporation
  • Yoshidafusa Orimono Co. Ltd*
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2023 to 2033. Spherical Insights has segmented the Japan Floor Covering Market based on the below-mentioned segments:

 

Japan Floor Covering Market, By Product

  • Carpet & Area Rugs
  • Wood Flooring

 

Japan Floor Covering Market, By Distribution Channel

  • Online
  • Offline

 

Japan Floor Covering Market, By End-User

  • Residential
  • Non-Residential

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