Europe Carpet Tile Market Size
|Study Period||2019 - 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
|CAGR||> 4.20 %|
*Disclaimer: Major Players sorted in no particular order
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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 Market Trends
This section covers the major market trends shaping the Europe Carpet Tile Market according to our research experts:
Germany is One of the Prominent Markets for Carpet Tile in the Region
Germany is one of the largest contributors of carpet tiles and carpets to the overall market share. The rapid construction of commercial buildings, offices, and housing activities across the region, particularly in Germany, is one of the primary factors expected to foster the growth of the carpet tile market in the near future. Significant improvements in infrastructure, such as commercial offices, production sites, and an increase in residential real estate in the country are some of the major reasons for the growth of carpets and rugs in Germany. In addition, Germany is one of the key players in the automotive and aerospace industry, witnessing an increase in the domestic use of carpet tiles in offices and commercial sectors. This is expected to fuel the market demand further during the forecast period.
The residential sector is likely to witness high growth in Germany due to an increase in the construction of housing units and commercial spaces. High consumer interest in interior decoration is one of the significant factors for the growth of the carpet tile market in Germany. Apart from that, increasing renovation and remodeling activities in the real estate sector in Germany has resulted in a massive demand for carpet tiles over the last few years. The region has a high rate of innovation, which helps in propelling market growth. High disposable income leads to a high level of investment and a better standard of living. Germany is one of the countries generating the highest revenue for the market.
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Residential Segment in Europe Region is Driving the Market
Growing disposable income and comparative advantages over other flooring solutions are responsible to 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, will spur 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.
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Europe Carpet Tile Industry Overview
The report covers major international players operating in the European carpet tile market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.
Europe Carpet Tile Market Leaders
Balta Group N.V.
Fletco Carpets A/S
*Disclaimer: Major Players sorted in no particular order
Europe Carpet Tile Market News
- January 2021- Balta confirmed its sustainable approach with the introduction of six electric cars.
- March 2020- Britons broke into American tufted carpet manufacturing with the introduction of a new guest room kit.
Europe Carpet Tile Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
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
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Product Type
5.2 End User Type
5.3 Distribution Channel
5.3.1 Offline Stores
5.3.2 Online Stores
5.4.2 United Kingdom
5.4.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Tarkett SA
6.1.2 Mohawk Industries Inc.
6.1.3 Balta Group N.V.
6.1.4 Brinton's Carpets
6.1.5 Dekowe GmbH & Co.KG
6.1.6 Fletco Carpets A/S
6.1.7 Royal Carpet SA
6.1.8 Agnella S.A.
6.1.9 Creatuft NV
6.1.10 Teppichwerke GmbH
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Europe Carpet Tile Market Research FAQs
What is the current Europe Carpet Tile Market size?
The Europe Carpet Tile Market is projected to register a CAGR of greater than 4.2% during the forecast period (2023-2028).
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.
Europe Carpet Tile Industry Report
Statistics for the 2023 Europe Carpet Tile market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Carpet Tile analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.