NEW YORK — The “Floor Covering Market In China by Type (Carpet and rug, Luxury vinyl flooring, Ceramic tile, Wood, and Others) and Application (Residential and Commercial) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering.
With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The floor covering market share growth in China by the carpet and rug segment will be significant for revenue generation. Carpets are floor coverings that are installed and which can span wall to wall, whereas rugs are generally movable.
The segment account largest share in the floor covering the market in China owing to ease of installment and renovation compared to other product types of floor covering. Furthermore, the product launch of carpet and rug in China is another factor expected to boost the growth of the segment during the forecast period.
The potential growth difference for the floor covering market in China between 2021 and 2026 is USD 4.96 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Some Companies Mentioned with their Offerings
The floor covering market in China is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
Beaulieu International Group NV – The company offers laminate flooring that is easy to clean, quick to install, and offers limitless possibilities. Elegant Living – The company offers floor covering such as laminate flooring, vinyl flooring, hardwood flooring, and many more. Forbo Holding Ltd – The company offers modern and hardwearing floor coverings in restaurants and hotels. Foshan Hanse Industrial Co. Ltd. – The company offers PVC floor tile, white ceramic floor tile, grey porcelain floor tile, and many more. Fujian Floors China Co. Ltd. – The company offers wooden flooring products such as Herringbone flooring, Solid White Oak Flooring, and many more.To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
Key Market Dynamics:
Market Driver Market Challenges
The rapid growth in the construction industry and changing floor covering requirements in key industries are some of the key market drivers. However, factors such as rising prices of raw materials will challenge market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Segmentation Analysis:
The floor covering market in China report is segmented by Type (Carpet and rug, Luxury vinyl flooring, Ceramic tile, Wood, and Others) and Application (Residential and Commercial). Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the floor covering market size in China and actionable market insights on each segment.
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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