The global flooring market share was led by soft coverings accounting for approximately 35 per cent in the last two years. Broadloom, carpet tiles, and rugs typically constitute soft covering flooring, which have dust-binding characteristics.
Carpet tiles constitute a very important area of soft flooring. The carpet tiles market is driven by a recovering real estate industry and is dominated by the corporate segment which has the largest share amongst all the segments. Rising investments in real estate along with increasing occupancy in the office spaces has fuelled the growth of the market. There is tremendous scope for growth in the global carpet tiles market, according to industry watchers and experts. It is estimated that the growth in market size has till now not risen beyond 6 per cent CAGR in most regions and segments. Further, between 2016-21, the global market for carpet tiles is expected to be driven by Asia-Pacific and Middle East region.
A growing category in the commercial market for decades, carpet tile has found favor with the architecture and design community due to its willingness to evolve, its style-forward character and its ease of installation and replacement. While the category was invented by the Dutch firm Heuga, U.S. companies are responsible for growing carpet tile into what it is today in terms of style, construction and application.
Today, both in the U.S. and abroad, the carpet tile category has reached an interesting crossroads. Technology-wise, it is poised for even greater style and design breakthroughs, but share-wise, it finds itself cornered by both its own overwhelming growth in the corporate market and LVT’s rapid rise.
So, while there is no doubt that the category will continue to see expansion, BMCW Associates, a UK based analyst of the global carpet tile market, believes that growth here and abroad will be restrained over the next year, with the U.S., Asia and Australia/New Zealand each at 4 per cent to 5 per cent and Europe flat to marginal, as the category capitalizes on its ability to substantially tap into additional sectors.
The global carpet tile market can be segmented on the basis of its end users; into residential and non-residential. Non-residential comprises of offices, educational institutes, retail, healthcare, and hospitability.
Meawhile, as per the research report “Global Carpet Tiles Market: Trends, Opportunities and Forecasts (2016-2021) – (By Value, By Region-North America, Europe, APAC, Middle East, ROW; By Segment – Corporate, Hospitality, Institutional; By Country-USA, UK, Germany, Japan, India, China, UAE; Key Players, Recommendations)” by Azoth Analytics, the market is dominated by key global players like Interface, Shaw Contract Group, Dixie Group, Milliken and Tarkett, etc. The presence of large number of regional manufacturers keeps the global industry share fragmented, while product innovations, portfolio expansion, joint ventures and acquisitions are the major strategies adopted.
Carpet tiles are especially suitable for use in contemporary office environments. They are a particularly flexible carpet solution which makes for very easy access to the floor underneath. This means that technicians can easily gain access to underfloor cables, which is especially important in rooms that are constantly subject to change. Further, carpet tiles are easy to use and easy to fit and replace as the tiles weigh less than conventional carpet tiles. The lightweight tiles make life easier for the fitter, whose working conditions are better for not having to lift heavy rolls of carpet. Despite their low weight, carpet tiles are easy to work with as they have a stable textile backing.