NEW YORK, August 19, 2022 /PRNewswire/ — The commercial carpet market size is expected to grow by USD 155.77 mn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 2.7% during the forecast period. The growing non-residential building construction projects are driving the commercial carpet market growth. However, factors such as the easy availability of substitutes may challenge market growth.
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Commercial Carpet Market 2022-2026: Scope
The commercial carpet market report covers the following areas:
Commercial Carpet Market 2022-2026: Vendor Analysis
Armstrong Flooring Inc., Balta Group NV, Beaulieu International Group, Berkshire Hathaway Inc., Burmatex Ltd., Ege Carpets AS, Engineered Floors LLC, Forbo Holding AG, Headlam Group Plc, Heckmondwike FB Ltd., Interface Inc., Koch Industries Inc ., Mannington Mills Inc., Milliken and Co., Mohawk Industries Inc., Newhey Carpets Ltd., Remland Carpets Online Ltd., Tarkett Group, Thomas Witter Carpets Ltd., Toli Floor Corp., and Victoria Plc are among some of the major market participants. The key offerings of a few of these vendors are listed below:
Berkshire Hathaway Inc. – The company offers commercial carpet products such as commercial carpet tiles and broadloom tiles.
Engineered Floors LLC – The company offers commercial carpet product brands such as WOOD LUX, NEW STANDARD PLUS, and NO LIMITS III.
Forbo Holding AG – The company offers commercial carpet products such as tufted (Tessera), flocked (Flotex), and Needlefelt carpet tiles.
Interface Inc. – The company offers commercial carpet product brands such as NY+LON Streets, Simple Abstraction, and Visual Code.
Mannington Mills Inc. – The company offers commercial carpet products such as modular carpet and broadloom tiles.
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Commercial Carpet Market 2022-2026: Drivers and Challenges
The growing non-residential building construction projects are driving the growth of the market. The urban population is growing rapidly, which is expected to fuel the demand for new commercial buildings during the forecast period. North America is a major producer and consumer of commercial carpets, with education, public, retail, hospitality, and government buildings being key end-users. Commercial construction projects are rising at a high growth rate in APAC. Such factors will support the commercial carpet market growth during the forecast period.
The easy availability of substitutes is challenging the growth of the market. There is a wide range of flooring materials, such as ceramic, cork, laminate, linoleum, wood, stone, and vinyl, in the global commercial flooring market. Commercial builders in APAC prefer ceramics and other hardwood flooring materials. Moreover, manufacturers of flooring materials provide offerings that are differentiated in terms of price, weight, and colors. These factors will hamper the commercial carpet market growth during the forecast period.
Commercial Carpet Market 2022-2026: Segmentation
Commercial Carpet Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist commercial carpet market growth during the next five years
Estimation of the commercial carpet market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the commercial carpet market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of commercial carpet market vendors
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Commercial Carpet Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 2.7%
Market growth 2022-2026
USD 155.77 million
YoY growth (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 44%
Key consumer countries
US, United Arab Emirates, China, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
Armstrong Flooring Inc., Balta Group NV, Beaulieu International Group, Berkshire Hathaway Inc., Burmatex Ltd., Ege Carpets AS, Engineered Floors LLC, Forbo Holding AG, Headlam Group Plc, Heckmondwike FB Ltd., Interface Inc., Koch Industries Inc ., Mannington Mills Inc., Milliken and Co., Mohawk Industries Inc., Newhey Carpets Ltd., Remland Carpets Online Ltd., Tarkett Group, Thomas Witter Carpets Ltd., Toli Floor Corp., and Victoria Plc
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
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