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Higher Office Completions & Increasing Demand from Residential Sector to Drive Carpet Tile Market
Date: 14 November 2017

Flooring is one of the most attractive sub-segments of construction market. It is divided into two major segments, comprising of soft flooring and hard flooring. Carpet tiles, which are a part of soft flooring is referred to as carpet squares or modular carpet and are popular in both residential as well as non-residential sectors. Their flexibility in the terms of ease of installation, highly level of customizability in terms of design and size, optimum pricing, and certain attributes such as noise insulation and easy maintenance make their demand high.

 

The global carpet tile market can be segmented on the basis of its end users; into residential and non-residential segments. Non-Residential comprises of offices, educational institutes, retail, healthcare, and hospitability segments.

 

The global carpet tile market is set to experience a reasonable growth in the next few years. Offices are the major demand creator for this market and the increasing office completion volume is expected to be fruitful for the global market. Asia-Pacific has been enjoying the highest office completion by volume and is anticipated to become one of the major markets for the global players. Further, the market has been experiencing a rise in demand from the residential sector as well. This could be attributable to growing disposable income among the masses and specific characteristics of carpet tiles such as sound insulation, and easy installation & maintenance.

 

The report “Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook (2017-2021)” provides a comprehensive study of global market and also major regional markets. Furthermore, market dynamics such as key trends and development; and challenges are analyzed in-depth. The global market is highly competitive consisting of several large enterprises including Mohawk Industries Inc., Tarkett SA, Interface, Inc. and Balta Group NV. The competitive landscape of the respective market, along with the company profiles of leading players are discussed in detail.

 

 
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