Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook (2017-2021)

Industry Research by Koncept Analytics

Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook ----------------------------------------(2017-2021) November 2017

Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook(2017-2021)

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Executive Summary Flooring is one of the most attractive sub-segment of construction market. It is divided into two major segments, comprising of soft flooring and hard flooring. The 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 nonresidential. Non-Residential comprises of offices, educational institutes, retail, healthcare, and hospitability.

Factors such as increasing construction spending, rising office completion volume, growing disposable income and comparative advantages over other flooring solutions are the chief growth drivers for this market.

However, shift towards hard floor coverings such as wood & ceramics and high sensitivity to economic fluctuations tend to hinder the growth prospects of this market. The major trend for global carpet tile suggests renovation construction to remain as a key demand creator.

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.

Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook(2017-2021)

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Demand for soft flooring solutions is expected to increase owing to the safety coverage they provide and aesthetic appearance of offices, carpet tiles, home decors and rugs. Growing utilization of numerous designs of rugs and first-class carpets, owing to increasing number of customers and their buying power, is expected to have a positive impact on the industry.

Global Flooring Market Forecast by Value (2016-2021)

US$ Billion

• In 2016, the global flooring market was recorded at US$... billion, and is expected to reach US$... billion in 2021, depicting CAGR of …%, spanning from 2016 to 2021.

• In 2016, Asia-Pacific accounted for the highest volume share at …% of the overall market, followed by North America, Europe and Latin America with …%, …% and … % shares, respectively.

• For the year 2016, soft flooring held highest volume share at …%, followed by non-resilient flooring with ...% share.

2016

2017

2018

2019

2020

2021

Global Flooring Market Volume by Regions (2016)

Asia-Pacific

North America

Middle East & Africa

Others

Global Flooring Market Volume by Flooring Type (2016)

Europe

Latin America

Soft-Flooring

Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook(2017-2021)

Non-Resilient

Resilient

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The flexibility of carpet tile in terms of design, easy installation and affordable pricing, makes it a suitable flooring solution for different setups. Its primary users are the surroundings with high traffic such as offices. However, it has grown quite popular among households as well.

US$ Billion

Global Carpet Tile Market by Value (2012-2016)

• In 2016, the global carpet tile market was recorded at US$... billion, compared to US$... billion in 2015, depicting an annual increment of …%.

• The global carpet tile market is expected to reach US$... billion in year 2021, increasing from US$... billion in year 2017, growing at a CAGR of …%, spanning from 2017 to 2021.

• In 2016, Americas accounted for …% market share, followed by Europe and Asia-Pacific with ….% and …% shares, respectively.

2012

2013

2014

2015

2016

Global Carpet Tile Market Forecast by Value (2017-2021)

US$ Billion

Global Carpet Tile Market Value by Region (2016)

Americas 2017

2018

2019

2020

Europe

Asia-Pacific

ROW

2021

Global Carpet Tile Market (by Segment & Region): Industry Analysis & Outlook(2017-2021)

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