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.

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