Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.5 Billion | USD 20.6 Billion | 6.5% | 2022 |
FrequentlyAsked Questions
Carpet tiles, also known as modular carpets or square carpets, are squares cut from wall-to-wall rolls that may be placed together to form a carpet. Carpet tiles are often available in the following sizes: 48x48, 50x50, 60x60, and 96x96 cm. Some carpet tile vendors also provide additional shapes and sizes, such as hexagons and triangles, which enhance the difficulty and cost of installation. Carpet tiles are a common flooring option for commercial spaces such as pubs and restaurants, as well as other reasonably simple projects.
Carpet tiles are in high demand in hospitals, educational institutions, corporate offices, and other commercial spaces since they do not need to be cut for the repair of telephone, electrical lines, and underfloor vents. Additionally, rising demand for creative high-end designed workplaces, and commercial buildings owing to real-estate expansion, refurbishment of ancient buildings, and the trend of designer floors to comply with office interior design are factors driving the growth of the global carpet tiles market.
According to the report, the global carpet tiles market size was worth around USD 12.5 billion in 2022 and is predicted to grow to around USD 20.6 billion by 2030.
The global Carpet Tiles market is expected to grow at a CAGR of 6.5% during the forecast period.
The global Carpet Tiles market growth is expected to be driven by North America. It is currently the world’s highest revenue-generating market due to the growing renovation activities in residential and commercial spaces.
The global Carpet Tiles market is dominated by players like Forbo Flooring Systems, Skytouch Ceramic Pvt, Ltd., ANISA CARPETS, Hego, FLOR, Voxflor, Knotsindia, Tarkett, Burmatex Ltd., Paragon Carpet Tiles & Mat. Works, Interface, Inc., Japan Carpet Co. Ltd, Mohawk Industries, Abbey Carpet & Floor, Bentley Mills, Inc., Beaulieu International Group, Mannington Mills, Inc., The Dixie Group, Inc., Shaw Industries Group, Inc., and Foss Floors among others.
The Carpet Tiles market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTLE analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five forces analysis, and value chain analysis.
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