Flooring Market- South Korea
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 7.10% (2024-2032)
The expansion of construction activities in South Korea currently represents a key factor influencing the market. According to the latest report by IMARC Group, The South Korea flooring market size is projected to exhibit a growth rate (CAGR) of 7.10% during 2024-2032.
South Korea Flooring Industry Trends and Drivers:
Market Dynamics of Flooring Industry in South Korea
- Expansion of Construction Activities:
- The growth and modernization in residential and commercial sectors are driving demand for high-quality flooring solutions.
- Ongoing construction and renovation projects are accompanied by a rising consumer preference for modern, stylish, and sustainable flooring options.
- Global design trends, such as minimalist aesthetics and high-performance materials, are influencing the market.
- Diverse Flooring Options:
- Availability of products like luxury vinyl tiles, engineered hardwood, and high-performance laminate is encouraging investment in premium flooring.
- Rising preference for ceramic tiles is leading consumers to replace traditional materials like metal slabs, paints, and home decorative items.
- Public Infrastructure Development:
- South Korean government agencies are enhancing public infrastructure, increasing demand for durable and easy-to-maintain flooring solutions.
- Technological Advancements:
- Manufacturers are developing innovative flooring solutions with improved durability, moisture resistance, and ease of installation.
- Smart flooring options with integrated sensors for monitoring foot traffic and indoor conditions are gaining popularity in commercial settings.
- Emphasis on Sustainability:
- Manufacturers are focusing on eco-friendly materials and production processes, leading to the development of recyclable, low-emission, and environmentally-conscious flooring products.
- Growing environmental awareness among consumers is driving demand for sustainable flooring options.
- Home Renovation Projects:
- The increase in home renovation projects is fueling demand for flooring products as homeowners seek to upgrade their living spaces.
- With more time spent at home, people are prioritizing comfort and aesthetic appeal, contributing to a positive market outlook in South Korea.
Download sample copy of the Report: https://www.imarcgroup.com/south-korea-flooring-market/requestsample
South Korea Flooring Industry Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Resilient
- Non-Resilient
- Others
Breakup by End User:
- Residential
- Non-residential
Breakup by Region:
- Seoul Capital Area
- Yeongnam (Southeastern Region)
- Honam (Southwestern Region)
- Hoseo (Central Region)
- Others
Request for customization: https://www.imarcgroup.com/request?type=report&id=19157&flag=E
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Jaeyoung Co. Ltd.
- LX Hausys
- Meltech Co. Ltd.
- PERN surfaces
- Star Korea Co. Ltd.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145
