It is anticipated that the global carpet tiles market will reach approximately USD 20.6 billion by 2030, with a compound annual growth rate (CAGR) of approximately 6.5% between 2023 and 2030. In 2022, the market was estimated to be worth approximately USD 12.5 billion.
Carpet Tiles Market: Overview
Carpet tiles, also known as modular carpets or square carpets, are squares that are cut from wall-to-wall rolls and can be assembled together to form a carpet. Other names for carpet tiles include square carpets and modular carpets. Carpet tiles are typically sold in the following dimensions: 48 square inches, 50 square inches, 60 square inches, and 96 square inches. There are certain carpet tile manufacturers who offer to provide extra shapes and sizes, such as hexagons and triangles, which make the installation process more challenging and hence more expensive. Carpet tiles are a popular choice for flooring in public places like restaurants and bars, in addition to being utilized in a variety of other straightforward endeavors. It is possible to use carpet tiles as an alternative to wall-to-wall carpeting in virtually any circumstance in which specific customization is not required. Carpet tiles offer simple installation and maintenance, longevity, and the same qualities as wall-to-wall carpeting in terms of producing a healthy and comfortable interior environment.
Carpet Tiles Market: Growth Drivers
The expansion of the market is driven by the adaptability of the designs and the simplicity of the installations.
Carpet tiles are available in a wide range of hues, patterns, textures, and materials, which opens the door to an infinite number of potential design applications. Due to the versatility of the design, homeowners, interior designers, and architects are able to create unique and aesthetically appealing flooring designs that suit their own personal aesthetic preferences and existing interior decor. Carpet tiles are also easy to install because they are modular, which makes them suitable for even the most intricate of floor plans. When compared to installing traditional broadloom carpets, the installation process for modular carpeting is both quicker and requires less people to complete. In addition, if a tile is stained or broken, it may be changed individually rather than having to replace the entire carpet, which can bring the cost of upkeep down significantly. As a result, the expansion of the global market for carpet tiles is anticipated to be driven by the characteristics of carpet tiles themselves during the course of the projected period.
Carpet Tiles Market: Segmentation
The market for Carpet Tiles is broken down into distinct submarkets according to characteristics such as product, application, distribution channel, and geographic location.
The worldwide market can be divided into squares and rectangles, depending on the product type being sold.
The residential sector accounts for the largest share of the global market for carpet tiles, followed by the commercial sector and other applications. Over the course of the projected period, it is anticipated that the residential sector will have the majority share of the market. The increased spending on home renovation projects, such as the removal of outmoded or out-of-style carpets and rugs, can be ascribed to rising levels of discretionary income in addition to a competitive edge over other flooring choices. The demand for carpet tiles will very probably go up as a result of this.
Carpet Tiles Market: Regional Analysis
North America is expected to dominate the market during the forecast period
North America is expected to dominate the global carpet tiles market over the forecast period. One of the key reasons driving the growth of the carpets and carpet tile market is the fast expansion of building and housing activities throughout the area, notably in the United States. For instance, as of 2023, the number of construction businesses in the United States has increased by 2.5% from the previous year to 3,787,470. The number of enterprises in the construction sector in the United States increased at a 2.5% annual rate between 2018 and 2023.
Carpet Tiles Market: Competitive Analysis
The global Carpet Tiles market is dominated by players like:
Forbo Flooring Systems
Skytouch Ceramic Pvt Ltd.
Paragon Carpet Tiles & Mat. Works
Japan Carpet Co. Ltd
Abbey Carpet & Floor
Bentley Mills Inc.
Beaulieu International Group
Mannington Mills Inc.
The Dixie Group Inc.
Shaw Industries Group Inc.
The global Carpet Tiles market is segmented as follows:
By Distribution Channel
Rest of Europe
Rest of Asia Pacific
Rest of Latin America
Middle East & Africa
Rest of Middle East & Africa
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