What is Global Carpet Tiles Market?
The Global Carpet Tiles Market is a vast and dynamic sector that has seen significant growth over the years. Carpet tiles, also known as modular carpets or square carpets, are essentially square sections of carpet that are used in place of traditional carpet rolls. The market encompasses a wide range of carpet tile products, including different types, sizes, designs, and materials. The global market for these products is driven by various factors such as their ease of installation, versatility, durability, and the growing demand in both residential and commercial sectors. However, the market also faces certain challenges such as the high cost of carpet tiles and the availability of alternative flooring solutions. Despite these challenges, the Global Carpet Tiles Market continues to expand, thanks to the constant innovation and development in the industry.
Softback Type, Hardback Type in the Global Carpet Tiles Market:
In the Global Carpet Tiles Market, there are two main types of carpet tiles: Softback and Hardback. Softback carpet tiles are those that have a cushion or padding on the back, which provides extra comfort and insulation. These types of carpet tiles are often used in residential settings where comfort is a priority. On the other hand, Hardback carpet tiles are more durable and resistant to wear and tear. They are typically used in commercial settings where there is high foot traffic. Both types of carpet tiles have their own advantages and are chosen based on the specific needs and requirements of the user.
Residential Use, Commercial Use in the Global Carpet Tiles Market:
The Global Carpet Tiles Market finds its application in two main areas: Residential Use and Commercial Use. In the residential sector, carpet tiles are used in homes for their aesthetic appeal and comfort. They are easy to install and can be replaced individually in case of damage, making them a convenient choice for homeowners. In the commercial sector, carpet tiles are used in various establishments such as offices, hotels, schools, and hospitals. They are preferred for their durability, ease of maintenance, and the ability to withstand high foot traffic. Moreover, carpet tiles in commercial settings can be easily replaced, which helps maintain a clean and professional appearance.
Global Carpet Tiles Market Outlook:
The global Carpet Tiles market, valued at US$ 3599.5 million in 2022, is projected to reach a value of US$ 4719.9 million by 2029. This growth, representing a Compound Annual Growth Rate (CAGR) of 3.9% from 2023 to 2029, is driven by various factors such as the increasing demand for carpet tiles in both residential and commercial sectors, and the constant innovation in the industry. North America, being the largest producer and consumer of carpet tiles, accounts for approximately 43% of the total volume. The market is dominated by five key players: Interface, Shaw Contract (Berkshire Hathaway), Milliken, Mohawk Group, and Desso (Tarkett Company), who collectively hold more than 52% of the global market share in terms of value.
| Report Metric | Details |
| Report Name | Carpet Tiles Market |
| Accounted market size in 2022 | US$ 4635 million |
| Forecasted market size in 2029 | US$ 6358.9 million |
| CAGR | 4.5% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Interface, Shaw Contract, Milliken, Mohawk Group, Japan Carpet Co., Ltd, Desso (Tarkett Company), Belysse, VOXFLOR, Suminoe Textile, J+J Flooring Group, Anker, Mannington Mills, Tuntex Carpet, Forbo Tessera, Ege Carpets, Balsan, Burmatex, Beaulieu, Kolon Glotech, Tapibel, Paragon |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
