Published on : Nov 14, 2016
ALBANY, NY, Nov 14, 2016: The report, titled “Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook (2016-2020),” observes that popularity of hardwood flooring and ceramics is on the rise, fueling a trend that can aid key players gain advantage over their competitors.
Sometimes termed as carpet squares, carpet tiles have been commonly used across the globe for soft flooring. Carpet tiles are considered fashionable for their appearance and come in a variety of sizes and styles. They are predominantly used for covering odd-shaped floorspaces and are being used in do-it-yourself (DIY) experiment by several end users. Comfort, sound-proofing, improved acoustics along with enhanced interior climate and air quality, safety, and thermal insulation are all prompting end users to spend on carpet tiles. Furthermore, carpet tiles are exceptionally easy to maintain and environmentally friendly.
The report notes that the global market for carpet tiles continues to gain a significant demand from corporate and institutional sectors. Additionally, widespread construction of residential buildings, especially in emerging economies, is augmenting the demand for carpet tiles. The uptake of carpet tiles is exponentially increasing in the residential buildings due to their flexibility, functionality, durability, and ease of maintenance. The sectors of retail, healthcare, education, and sports are also steadily increasing their demand for carpet tiles.
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Conversely, challenges that are studied in the report that may hinder the growth in the global carpet tile include declining market share of soft flooring in the U.S and risk of occupational and safety hazards. According to the report, luxury vinyl flooring (LVT), engineered wood flooring, and ceramics are the top segments in the country-wide market for carpet tiles in the U.S.
Geographically, the report explores the regional carpet tile market of the Americas, Europe, and Asia Pacific. The market value of each of these regions and their forecast value has been included. The Americas hold a significant chunk of the carpet tile market. This report provides the global market value in US$ mn as well as each earnings of each segment for the period of 2016-2024. Growth rates for each segment within the global carpet tiles market have been determined after a thorough analysis of past trends, demographics, and technological developments.
This report identifies the business strategies adopted by key players, their market positioning, and product offerings. The prominent players who are profiled in this report are Interface, Inc., Mohawk Industries Inc., Tarkett, and Armstrong World Industries, Inc.
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