South Korea Carpet and Flooring Market was valued at USD 10 Billion in 2022 and is projected to reach USD 15 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The South Korea carpet and flooring market is experiencing rapid growth as industries demand durable and aesthetically appealing solutions. As one of the most dynamic sectors in the country, the demand for high-quality flooring products is driven by the expansion of both residential and commercial spaces, as well as the need for innovation in design and material technologies. This market is being shaped by a variety of applications across diverse industries, ranging from residential homes to large-scale commercial developments.
In the residential sector, the increasing trend of home renovation and interior design projects has pushed homeowners to opt for carpets and flooring solutions that offer both comfort and style. Modern flooring options such as vinyl, hardwood, and eco-friendly materials are seeing heightened demand. Additionally, carpet flooring, once considered a luxury, is now becoming a more common choice for homeowners due to advancements in cleaning technologies and longer-lasting materials.
For commercial applications, industries such as hospitality, retail, and corporate offices are particularly driving the growth of the carpet and flooring market in South Korea. In hotels, flooring solutions that combine style with durability are required to withstand high foot traffic while maintaining a welcoming atmosphere. Retailers are also looking for flooring options that offer both aesthetic appeal and practicality, especially those that can handle heavy use in high-traffic areas like shopping malls and stores.
The industrial sector’s need for specialized flooring solutions is growing as well. Factories and warehouses require flooring that can endure heavy machinery and high traffic, necessitating the use of materials like epoxy coatings and industrial-grade carpets. These floors must be easy to clean, slip-resistant, and capable of withstanding the wear and tear of high-intensity environments.
Moreover, the growing trend of sustainability and eco-consciousness has influenced the carpet and flooring market, with a shift toward using sustainable and recyclable materials. Manufacturers are responding to these demands by producing eco-friendly flooring options, such as bamboo and cork, which are not only sustainable but also provide durability and aesthetic variety for different market segments.
With a steady rise in demand for innovative flooring solutions and a greater emphasis on eco-friendly materials, the carpet and flooring market in South Korea is set for continuous growth. Industries are evolving to adopt flooring solutions that align with both functionality and design, ensuring the market remains competitive and adaptable to changing consumer needs.
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Mohawk
Shaw Industries
Tarkett
Interface
Milliken
Dinarsu
Balta
Beaulieu
Dongsheng Carpet Group
Merinos
Dixie Group
Jiangsu Kaili Carpet
Shanhua Carpet
Brintons
Haima Carpet
TY Carpet
HUADE Group
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Carpet and Flooring Market
Carpets
Hardwood Flooring
Laminated Flooring
Vinyl Flooring
Cork Flooring
Bamboo Flooring
Residential
Commercial
Industrial
Online Retailers
Brick-and-Mortar Stores
Distributors/Wholesalers
Synthetic Materials
Natural Materials
Composite Materials
Economy
Mid-Range
Premium
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Carpet and Flooring Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Carpet and Flooring Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Carpet and Flooring Market, By Type
6. South Korea Carpet and Flooring Market, By Application
7. South Korea Carpet and Flooring Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Carpet and Flooring Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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