Carpet Tile Market Report: Trends, Forecast and Competitive Analysis to 2030

Carpet Tile Trends and Forecast

The future of the global carpet tile market looks promising with opportunities in the residential and commercial markets. The global carpet tile market is expected to reach an estimated $5.51 billion by 2030 with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing awareness and emphasis on sustainability and ease of maintenance, attracts customers seeking long-lasting and increase in demand for creatively built high-end offices and commercial buildings as a result of the real estate market's expansion and the refurbishment of existing structures.

A more than 150-page report is developed to help in your business decisions.

Carpet Tile by Segment

The study includes a forecast for the global carpet tile by type, distribution channel, appication, and region.

Carpet Tile Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Square
• Rectangle

Carpet Tile Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• Retail Store
• Online

Carpet Tile Market by Appication [Shipment Analysis by Value from 2018 to 2030]:

• Residential
• Commercial
• Others

Carpet Tile Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Carpet Tile Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies carpet tile companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the carpet tile companies profiled in this report include-

• Shaw Industries
• Tapibel
• Beaulieu
• Hunan Tianxin Technology
• Wuxi Diamond Carpet Manufacturing
• EO Technology
• SUMINOE
• Japan Carpet
• Suminoe Textile
• Nabel Ceramics

Carpet Tile Market Insights

Lucintel forecasts that square is expected to witness the highest growth over the forecast period due to favored for design flexibility and seamless installation in diverse spaces.

Within this market, commercial is expected to witness the highest growth due to widespread use in offices, hospitality, and other commercial spaces.

North America is expected to witness highest growth over the forecast period due to robust commercial construction and design preferences favoring carpet tiles.

Features of the Global Carpet Tile Market

Market Size Estimates: Carpet tile market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Carpet tile market size by type, distribution channel, appication, and region in terms of value ($B).

Regional Analysis: Carpet tile market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, distribution channel, appication, and regions for the carpet tile market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the carpet tile market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the carpet tile market size?

Answer: The global carpet tile market is expected to reach an estimated $5.51 billion by 2030.

Q2. What is the growth forecast for carpet tile market?

Answer: The global carpet tile market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the carpet tile market?

Answer: The major drivers for this market are growing awareness and emphasis on sustainability and ease of maintenance, attracts customers seeking long-lasting and increase in demand for creatively built high-end offices and commercial buildings as a result of the real estate market's expansion and the refurbishment of existing structures.

Q4. What are the major segments for carpet tile market?

Answer: The future of the carpet tile market looks promising with opportunities in the residential and commercial markets.

Q5. Who are the key carpet tile market companies?

Answer: Some of the key carpet tile companies are as follows.

• Shaw Industries
• Tapibel
• Beaulieu
• Hunan Tianxin Technology
• Wuxi Diamond Carpet Manufacturing
• EO Technology
• SUMINOE
• Japan Carpet
• Suminoe Textile
• Nabel Ceramics

Q6. Which carpet tile market segment will be the largest in future?

Answer: Lucintel forecasts that square is expected to witness the highest growth over the forecast period due to favored for design flexibility and seamless installation in diverse spaces.

Q7. In carpet tile market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to robust commercial construction and design preferences favoring carpet tiles.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the carpet tile market by type (square and rectangle), distribution channel (retail store and online), appication (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?