North America Carpet Tiles Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
地板是建筑市场上最具吸引力的细分市场之一。属于软地板的地毯砖称为 "地毯广场" 或 "模块化地毯" ，在住宅和非住宅领域均很受欢迎。根据不断增长的需求和市场趋势，它们有多种颜色，图案和纹理可供选择。
The North America carpet tiles market is anticipated to rise at a considerable rate and register a CAGR greater than 4% during the forecast period, 2021-2026.
Due to the COVID-19 pandemic, the North American region was under pressure of lockdown from mid-February 2020, which restricted the construction of housing and building projects. The lockdown restrictions limited the new purchases of carpet tile flooring owing to the uncertainty in the economy and purchasing power parity in North America, but they are anticipated to bounce back during the forecast period with the changing situations and customers' approach toward the pandemic.
Carpet tiles are used as a common alternative to the rolled carpet and are used mainly in commercial buildings such as schools, libraries, airports, and corporate offices. In addition, carpet tiles are easier to install than traditional tiles and can be installed on a variety of floors like concrete, timber, and other surfaces. These tiles are wear-resistant, sound-proof, waterproof, anti-static, flame-retardant, anti-fouling, dimensionally stable, non-deformable, non-discoloring, extremely convenient to fit, and have other advantages, which are required for commercial buildings. In addition, carpet tiles act as insulation and help in trapping heat in cold weather, which increases their demand in cold countries. Innovation in the industry is related to eco-friendly carpet tiles manufacturing. Their flexibility in terms of ease of installation, high level of customizability in terms of design and size, optimum pricing, and certain attributes such as noise insulation and easy maintenance make their demand high. The growth of the market is driven by key factors such as manufacturing activity, market situation and demand, risks of the market, new trends, and new technologies and their implementation.
The North America carpet tile market has witnessed substantial growth over the last few years, and the growth of the market is attributed to several factors. Increasing consumer inclination toward interior decorations, coupled with the rising per capita disposable income of consumers, is anticipated to propel the growth of the market during the forecast period. One of the major factors driving the market is the expansion of the transportation and construction industries. Consumers are making a move toward non-geometrical designer patterns and attractive bold colors in carpet tiles, which is likely to drive the North America carpet tile market. Increased demand for environment-friendly carpets and increased adoption of carpet tiles are likely to boost the market. In recent years, developments have focused on making the products more environment-friendly, versatile, and durable, as well as easier to install and maintain.
The Residential Segment in North America is Driving the Market
Growing disposable income and comparative advantages over other flooring solutions lead to an increase in housing starts and a strong interest in home renovation projects, such as the removal of worn or out-of-style carpets and rugs, which may spur the demand. The installation of new carpeting can improve a home's appearance and boost its value. Carpet tiles and carpets are often installed in newly built houses because of their moderate cost, ease of installation, and favorable aesthetics. Residential remodeling and replacement will continue to account for the largest share of carpet and rug demand as homeowners replace older or worn carpets and rugs with newer products that offer enhanced visuals or improved stain resistance.
The United States is Dominant in the Market
The United States has been the leading country in the North America carpet tile market and is expected to continue the same trend in the forthcoming years. The rapid expansion of the construction and housing activities across the region, particularly in the United States, is one of the primary factors expected to foster the growth of the carpets and carpet tile market in the near future. High consumer interest in interior decoration is one of the significant factors for the rising growth of the market in the United States. Apart from that, increasing renovation and remodeling activities in real estate sectors in the United States have resulted in the massive demand for carpet tiles over the last few years. The region has a high rate of innovation, which helps in propelling the market growth. High disposable income leads to a high level of investments and better standards of living. The United States is one of the countries generating the highest revenue for the market.
The report covers major international players operating in the North America carpet tile market. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.