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Carpet tiles are squares cupped together to make up a carpet. They are floorings that can be used as an alternative to wall-to-wall carpets for residential or commercial applications. Carpet tiles are available in various sizes, materials, and patterns, providing an accessible, self-serve flooring option for households or office spaces.
The global carpet tiles market has registered substantial growth in the historical years, particularly due to the increasing consumer inclination toward home décor and furnishings and rising consumer disposable incomes across countries. Textured and patterned carpets are trending globally, accelerating market growth. Given the increasing product adoption in commercial spaces, the demand for carpet tiles will increase significantly over the forecast period.
Industry participants aim to provide innovative, wear-resistant, waterproof, flame-retardant, and environment-friendly products. For instance, in October 2020, Interface Inc., a U.S.-based flooring company, unveiled the Embodied Beauty collection, a carbon-negative carpet tile line. This tile collection featured carbon-negative eco-friendly flooring styles.
The COVID-19 pandemic halted manufacturing facilities and led to the closure of all retail stores across the globe, impacting product sales, notably throughout 2020. According to a report by the International Monetary Fund, various economic sectors registered slower growth due to labor and supply-side shortages. According to an article by the Federal Reserve Bank of St. Louis, the COVID-19 pandemic significantly affected the U.S. residential real estate market, negatively impacting the demand for carpet tiles amid the global crisis. Despite the setback, the global market has gained momentum since 2021 with the resumption of construction projects and the growing need for easy-to-clean flooring solutions.
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By Geography |
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Based on type, the global market is divided into square, rectangle, and others. The square segment accounts for a significant market share due to the increasing availability of unique square carpet tiles in various patterns and colors. Large square tiles create fewer joints, creating an impression of expanded spaces in floors or walls, a key factor that contributes significantly to product adoption worldwide.
Based on application, the global market is segmented into residential, commercial, and others. The commercial sector creates a considerable demand for carpet tiles globally, given the increasing popularity of long lifespan and easy to repair and install commercial flooring products. Carpet tiles offer a comprehensive range of flooring for commercial buildings, including offices, healthcare facilities, or educational facilities of all shapes and sizes.
Based on distribution channel, the global market is segmented into offline and online. Consumers usually prefer a hands-on shopping experience while purchasing different carpet tiles of different colors and designs for residential or commercial end-uses, increasing the prominence of offline retail distribution platforms. Consumers also are more inclined toward customizing carpet tiles, increasing the offline segment share.
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Based on geography, the global carpet tiles market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
North America dominated the global market in 2022. At a macro level, the rapid development of infrastructure and rising construction activities drive the product adoption across North America. Increasing renovation activities in the real estate industry in the U.S. and Canada surge the demand for carpet tiles in North American markets. Furthermore, increasing product innovation will fuel regional market growth in the near term.
The European carpet tiles market is likely to witness significant growth over the forecast period, backed by rising research & development activities in the carpet tiles space. Manufacturers operating in Europe are increasingly employing eco-friendly materials to achieve product differentiation. In this respect, the rapidly expanding environment-conscious population across European countries such as Germany and the U.K. will favor the regional market expansion over the coming years.
The report includes the profiles of major players such as Hunan Tianxin Technology Co. Ltd., Nabel Ceramics, Beaulieu, Suminoe Textile Co. Ltd., Wuxi Diamond Carpet Manufacturing Co. Ltd., EO Technology Co. Ltd., Japan Carpet Co. Ltd., and Shaw Industries.
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