Commercial Carpet Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Germany, UK, United Arab Emirates - Size and Forecast 2024-2028

Commercial Carpet Market Size 2024-2028 

The commercial carpet market size is forecast to increase by USD 191.1 million and is estimated to grow at a CAGR of 3.27% between 2023 and 2028. The construction industry is experiencing a surge in non-residential building projects, leading to an increased demand for flooring solutions, particularly carpet tiles. Carpet tiles offer several advantages over other flooring options for commercial spaces. They are cost-effective, easy to install, and require minimal maintenance. Moreover, carpet tiles come in various designs, textures, and colors, making them a versatile choice for different interior decors. The rising popularity of carpet tiles in commercial spaces is attributed to their durability, comfort, and affordability. These tiles are ideal for high-traffic areas such as offices, schools, and hospitals, as they can withstand heavy foot traffic and are easy to replace if damaged. In summary, the growing construction industry and the need for cost-effective, durable, and aesthetically pleasing flooring solutions have fueled the demand for carpet tiles in commercial spaces.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

The market is witnessing significant growth due to increasing urbanization and rising construction activities. The middleclass population's growing demand for home furnishings and interiors, especially in commercial places, is driving the market. Carpet flooring, including decorative rugs, is preferred for its comfort, warmth, and cushioning properties. The market is segmented into nonresidential segments such as hospitals, educational institutions, offices, and hotels. Materials used in commercial carpet production include linen, hemp, blended materials, recycled raw materials, and waste. Handmade carpets, especially Persian carpets, continue to hold a significant volume in the market due to their unique designs and cultural significance. The market is expected to grow as manufacturers focus on using sustainable materials and reducing waste. Exports also contribute to the market's growth, with major producers exporting to countries with high demand for commercial carpets. Carpet weaving remains an essential part of the industry, with artisans passing down traditional techniques from generation to generation. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Growing non-residential buildings construction projects is notably driving market growth. The global market is witnessing significant growth due to the increasing construction activities in the non-residential sector. Institutional and commercial buildings are the primary segments driving this market's growth. With more than half of the world's population projected to reside in urban areas by 2050, the demand for new commercial buildings is anticipated to surge.

Moreover, Asian countries, such as Indonesia, Vietnam, and the Philippines, are emerging as popular destinations for export-oriented manufacturing, leading to increased construction projects. Durability and affordability are crucial factors influencing the market. Thus, such factors are driving the growth of the market during the forecast period.

Significant Market Trends

Emerging luminous carpets is the key trend in the market. The market is witnessing an upward trend with the introduction of innovative and technologically advanced carpet solutions. One such development is the luminous carpet, a collaborative effort between Desso, a Tarkett company, and Philips. This carpet type features LED lighting from Philips integrated into light transmissive carpets created by Tarkett.

Moreover, the result is a durable and stylish flooring option that offers functional benefits, such as guiding users with LED lights. This technology has gained popularity among corporate offices, with Axel Springer/BILD newspaper in Germany being an early adopter. Thus, such trends will shape the growth of the market during the forecast period.

Major Market Challenge

Easy availability of substitutes is the major challenge that affects the growth of the market. The market caters to a diverse range of industries, offering durability and aesthetic appeal. Tufted carpets, primarily made from synthetic materials, dominate the market due to their affordability and ease of maintenance. Washable carpets are gaining popularity for their hygienic benefits.

Moreover, the market is competitive and fragmented, with numerous players offering a variety of colors and designs, including floral patterns and innovative weaving techniques. Saif carpets and Desco are notable brands in this sector. Ecofriendly and waterresistant carpets are emerging trends, as sustainability and functionality become increasingly important considerations. Despite the competitive landscape, the market remains labor-intensive, with no significant switching costs for buyers opting for alternative flooring materials such as ceramics or hardwood. Hence, the above factors will impede the growth of the market during the forecast period.

Exculsive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Berkshire Hathaway Inc: The company offers commercial carpet products such as commercial carpet tiles and broadlooms tiles.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Balta Group NV
• Beaulieu International Group
• Burmatex Ltd.
• Ege Carpets AS
• Engineered Floors LLC
• Forbo Management SA
• Gordon Brothers Commercial and Industrial LLC
• 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
• Thomas Witter Carpets Ltd.
• Toli Floor Corp.
• Victoria Plc

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

By Product 

The carpet tiles segment is estimated to witness significant growth during the forecast period. The market has experienced significant growth due to urbanization and the rising construction of nonresidential segments such as offices, universities, and the hospitality industry. The middleclass population's lifestyle changes have led to an increased focus on home furnishings and interiors, resulting in a high demand for decorative rugs and carpet flooring

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The carpet tiles segment was the largest segment and valued at USD 595.60 million in 2018. Commercial places prefer carpet tiles, also known as modular or square carpets, due to their benefits, which include cost-effectiveness, compactness, minimal wastage, and recyclability. Carpet tiles come in various sizes, including 48x48, 50x50, 60x60, and 96x96 cm. These tiles are made from a range of materials such as wool, jute, linen, hemp, blended materials, and recycled raw materials. Hence, such factors are fuelling the growth of this segment during the forecast period.

Regional Analysis

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North America is estimated to contribute 52% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The US is the key market for the commercial carpet market in North America. Market growth in this region will be faster than the growth of the market in Europe. The rapid expansion of non-residential construction activities across the region, particularly in the US will facilitate the commercial carpet market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans. Hence, such factors are driving the market in North America during the forecast period.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Product Outlook
  • Carpet tiles
  • Broadlooms
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

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Market Analyst Overview

The market is witnessing significant growth due to the increasing urbanization and rising construction activities. The middleclass population's lifestyle changes have led to an increased focus on home furnishings and interiors, driving the demand for carpet flooring in commercial places. The market landscape depends on the Tufted carpet demand, Affordable carpets, Competitive market, Fragmented market, Middleclass population, Cushion, Floral designs, Innovative technology, Ecofriendly carpets. Furniture houses are capitalizing on this trend, offering a wide range of carpets in various materials and designs. Comfort and warmth are key factors influencing the market.

Moreover, carpet flooring provides cushioning, making it an ideal choice for bedroom rugs and living room rugs. Shag rugs, office rugs, and wool rugs are popular choices for their unique textures and durability. New fibers such as jute, linen, hemp, and blended materials are gaining popularity due to their eco-friendliness and cost-effectiveness. Recycled raw materials are also being used to reduce waste and promote sustainability. Handmade carpets, including Persian carpets and handknotted carpets, continue to be in demand due to their originality and intricate motifs and designs. The nonresidential segments, including hospitals, schools, and hotels, are major consumers of commercial carpets. Indian silk carpets are renowned for their quality and color, making them a popular choice for high-end commercial applications. Exports of commercial carpets are also on the rise, with countries like China, Turkey, and Pakistan being major exporters. Carpet weaving techniques, such as Persian and handknotted, add to the value and appeal of commercial carpets.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies