Market Size of Europe Carpet Tile Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.20 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Europe Carpet Tile Market Analysis
The European carpet tile market is anticipated to witness a CAGR of greater than 4.2% during the forecast period, 2021-2026.
The Coronavirus disease (COVID-19) outbreak has had a negative impact on the carpet tile market in Europe in 2020. It has disrupted supply chains, caused a shortage of materials, and terminated contracts to control expenses. The lack of labor is also hampering the overall carpet tile market growth in the European region. This may slow down the industry growth during the forecast timeframe. Sales dropped as consumers had little opportunity to explore the products.
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 trap heat in cold weather, increasing its 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 other attributes, such as noise insulation and easy maintenance, make their demand high. The market's growth 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 European 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 and the rising per capita disposable income of the consumers are anticipated to propel the growth of the European carpet tile market during the forecast period. One of the major factors driving the market's growth 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 European 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, durable, and easier to install and maintain.
Europe Carpet Tile Industry Segmentation
Carpet tiles, also known as modular carpets or square carpets, are squares cut from wall-to-wall rolls which can be fitted together to make a carpet. Carpet tiles are popular as a flooring option for commercial environments, such as bars, restaurants, and other relatively uncomplicated projects. A complete background analysis of the European Carpet Tile market, which includes an assessment of the emerging trends by segments and regional markets, significant changes in market dynamics, and market overview, is covered in the report. By-products type, the market is segmented into square and rectangle, by end-user into residential and commercial, by distribution channel into offline stores and online stores, and by geography into Germany, the United Kingdom, France, Spain, and Rest of Europe.
Product Type | |
Square | |
Rectangle |
End User Type | |
Residential | |
Commercial |
Distribution Channel | |
Offline Stores | |
Online Stores |
Geography | |
Germany | |
United Kingdom | |
France | |
Spain | |
Rest of Europe |
Europe Carpet Tile Market Size Summary
The European carpet tile market is poised for growth, driven by increasing consumer interest in interior decoration and rising disposable incomes. Carpet tiles serve as a popular alternative to traditional rolled carpets, particularly in commercial settings such as schools, airports, and corporate offices, due to their ease of installation and versatility. These tiles offer numerous benefits, including wear resistance, soundproofing, and insulation, making them ideal for use in colder regions. The market is also seeing a shift towards eco-friendly manufacturing practices, which aligns with the growing demand for sustainable products. The expansion of the transportation and construction industries further propels market growth, as consumers increasingly favor non-geometrical designs and bold colors in carpet tiles.
Germany stands out as a significant contributor to the European carpet tile market, with rapid construction activities and a strong focus on interior decoration driving demand. The country's robust infrastructure developments and its role in the automotive and aerospace industries contribute to the increased use of carpet tiles in commercial spaces. The residential sector in Germany is also experiencing growth due to new housing projects and renovation activities, which boost the demand for carpet tiles. The market is characterized by the presence of major international players, although technological advancements and product innovations are enabling mid-size and smaller companies to expand their market presence.
Europe Carpet Tile Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Product Type
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2.1.1 Square
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2.1.2 Rectangle
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2.2 End User Type
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2.2.1 Residential
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2.2.2 Commercial
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2.3 Distribution Channel
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2.3.1 Offline Stores
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2.3.2 Online Stores
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2.4 Geography
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2.4.1 Germany
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2.4.2 United Kingdom
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2.4.3 France
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2.4.4 Spain
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2.4.5 Rest of Europe
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Europe Carpet Tile Market Size FAQs
What is the current Europe Carpet Tile Market size?
The Europe Carpet Tile Market is projected to register a CAGR of greater than 4.20% during the forecast period (2024-2029)
Who are the key players in Europe Carpet Tile Market?
Tarkett , Mohawk Industries, Balta Group N.V., Brinton’s Carpets and Fletco Carpets A/S are the major companies operating in the Europe Carpet Tile Market.