North America Carpet Tile Market Size

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.