Carpet tiles also known as carpet squares form an integral part of the soft flooring segment. Carpet tiles are modular sections of carpet typically cut into squares or rectangles. Demand for carpet tiles is strongest in the corporate and institutional sectors. It is also gaining share in the retail, healthcare, educational, institutions and sports segments. Given its specific features like design flexibility, durability, functionality and ease of maintenance, carpet tiles are likely to become popular even in the residential segment in the next few years.
Various factors including rising construction spending globally, increasing global office completions, growth in housing starts and remodeling home sales in the U.S., rising commercial construction spending and increasing purchasing power of consumers globally are likely to drive growth of the carpet tile market significantly in the coming years.
Some significant market trends and developments includes increased spending anticipated on home improvement projects, accelerating demand for flooring in the U.S., LVT, hardwood flooring and ceramics among the top growing segments in the U.S. Growth of the carpet tile market will be hindered by declining market share of soft flooring in the U.S. along with risk of occupational and health hazards in carpet tile manufacture.
The report “Global Carpet Tile Market: Industry Analysis & Outlook (2016-2020)” by Koncept Analytics provides an extensive research and detailed analysis of the present market along with future outlook. The report discusses the major growth drivers and challenges of the market, covers the Americas, Europe and Asia Pacific regions along with the global market.