North America Carpet Tile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The North America Carpet Tile Market Report has been Segmented by Product Type (Square and Rectangle), End User (Residential and Commercial), Distribution Channel (Offline Stores and Online Stores), and Geography (United States and Canada). The report offers market size and forecasts by value (USD billion) for all the above segments.

North America Carpet Tile Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

North America Carpet Tile Market Size

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North America Carpet Tile Market Summary
Study Period 2024 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period
CAGR 2.50 %
Market Concentration Medium

Major Players

North America Carpet Tile Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of North America Carpet Tile Market with other markets in Home and Property Improvement Industry

Kitchen Appliances

Home Appliances

Laundry Appliances

Home Decor

Furniture and Furnishings

Floor Coverings

North America Carpet Tile Market Analysis

The North American carpet tile market is valued at about USD 4.3 billion in the current year and is anticipated to register a CAGR of more than 2.5% during the forecast period.

Due to the COVID-19 pandemic, the North American region was under the 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 uncertainty in the economy and purchasing power parity in North America. However, the market is anticipated to bounce back during the forecast period due to the slowly changing situation and customers' approach toward the pandemic.

Carpet tiles are used as a common alternative to rolled carpets 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 their demand in cold countries. Innovation in the industry is related to eco-friendly carpet tile 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 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 American 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 aesthetics, 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 American carpet tile market. Increased demand for environment-friendly carpets and increased adoption of carpet tiles are likely to boost the market further. In recent years, developments have focused on making the products more environment-friendly, versatile, and durable, as well as easier to install and maintain.

North America Carpet Tile Industry Overview

The report covers major international players operating in the North American 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.

North America Carpet Tile Market Leaders

  1. Tarkett

  2. Mohawk Industries

  3. Interface

  4. Abbey Carpet & Floor

  5. Bentley Mills, Inc.

  6. *Disclaimer: Major Players sorted in no particular order
North America Carpet Tile Market Concentration
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North America Carpet Tile Market News

July 2022: Tarkett launched 100% recyclable carpet tiles with the lowest circular carbon footprint in Europe. Tarkett is proud to announce the introduction of a carpet tile collection with the lowest circular carbon footprint in Europe, one that is at least 6 times lower than the total carbon footprint of Tarkett's competitors. Tarkett's innovative circular, closed-loop systems stand in contrast to linear, take-make-waste models of production.

June 2022: Mohawk Industries, Inc. announced that it agreed to purchase the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) for approximately USD 293 million in cash. The transaction was expected to close in the second half of 2022 and was subject to the approval of GIS's shareholders, as well as customary government approvals and closing conditions. The Vitromex business was expected to be accretive to Mohawk's earnings. Vitromex was founded in 1967 and includes four manufacturing facilities strategically located throughout Mexico.

North America Carpet Tile Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Growing Demand in Residential Segment
    • 4.2.2 Rising in Construction Activities is Driving the Market
  • 4.3 Market Restraints
    • 4.3.1 Economic Recession affects Customers' Purchasing Ability
    • 4.3.2 Labor Shortages and Skill Gap Pose a Limit to the Market
  • 4.4 Value Chain/Supply Chain Analysis
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Bargaining Power of Buyers/Consumers
    • 4.5.2 Bargaining Power of Suppliers
    • 4.5.3 Threat of New Entrants
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Insights into Recent Trends and Innovations in the Market
  • 4.7 Impact of COVID-19 on the Market

5. MARKET SEGMENTATION

  • 5.1 Product Type
    • 5.1.1 Square
    • 5.1.2 Rectangle
  • 5.2 End User
    • 5.2.1 Residential
    • 5.2.2 Commercial
  • 5.3 Distribution Channel
    • 5.3.1 Offline Stores
    • 5.3.2 Online Stores
  • 5.4 Geography
    • 5.4.1 United States
    • 5.4.2 Canada

6. COMPETITIVE LANDSCAPE

  • 6.1 Market Concentration Overview
  • 6.2 Company Profiles
    • 6.2.1 The Dixie Group Inc.
    • 6.2.2 Shaw Industries Group Inc.
    • 6.2.3 Abbey Carpet & Floor
    • 6.2.4 Bentley Mills Inc.
    • 6.2.5 Tarkett
    • 6.2.6 Interface
    • 6.2.7 Mohawk Industries
    • 6.2.8 Foss Floors
    • 6.2.9 Venture Carpets Inc.
    • 6.2.10 Engineered Floors LLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

8. DISCLAIMER

**Subject to Availability
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North America Carpet Tile Industry Segmentation

Carpet tiles, also known as modular carpets or square carpets, are squares cut from wall-to-wall rolls that can be fitted together to make a carpet. Carpet tiles are justly popular as a flooring option for commercial environments, such as bars and restaurants, and other relatively uncomplicated projects. A complete background analysis of the North American carpet tile market, which includes an assessment of the emerging trends by segments and regional markets, significant changes in market dynamics, and a market overview, is covered in the report.

The market is segmented by product type (square and rectangle), end user (residential and commercial), distribution channel (offline stores and online stores), and geography (United States and Canada). The report offers market size and forecasts by value (USD) for all the above segments.

Product Type Square
Rectangle
End User Residential
Commercial
Distribution Channel Offline Stores
Online Stores
Geography United States
Canada
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North America Carpet Tile Market Research FAQs

What is the current North America Carpet Tile Market size?

The North America Carpet Tile Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)

Who are the key players in North America Carpet Tile Market?

Tarkett , Mohawk Industries , Interface , Abbey Carpet & Floor and Bentley Mills, Inc. are the major companies operating in the North America Carpet Tile Market.

What years does this North America Carpet Tile Market cover?

The report covers the North America Carpet Tile Market historical market size for years: . The report also forecasts the North America Carpet Tile Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

North America Carpet Tile Industry Report

Statistics for the 2024 North America Carpet Tile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Carpet Tile analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.