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 |
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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.
