July 24, 2020
According to the research report titled ‘Global Modular Carpet Tile Market (Value, Volume): World Market Review By Size, End User Sector, Sales Channel, By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) -- End User Sector, By Region, By Country, available with Market Study Report, global modular carpet tile market generated revenues worth USD 11.96 billion in the year 2018 and is expected to showcase substantial growth during 2019-2024.
Increasing disposable income and rapid expansion of the service sector are key factors driving the growth of modular carpet tile industry. Rising adoption of modular carpet tiles across developed and emerging nations, alongside benefits like better durability and performance are also aiding the market expansion.
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Factors such as changing preference and increasing expenditure towards durable goods, rising inflation and improving economic conditions have impelled the construction as well as remodeling activities of residential and commercial establishments, which in turn is fueling the market size.
Notably, the research report on modular carpet tile market offers an in-depth analysis of this industry vertical. It comprises of significant information as well as statistics regarding the growth factors, segmental shares, and overall market size. Additionally, the document delivers top-notch market intelligence which further allows for effective decision making and investment assessment.
As per size, global modular carpet tile industry is segmented into 100*100 cm, 50*100 cm, 25*100 cm, and 50*50 cm. Citing the end-user scope, the market is split into residential, hospitality, healthcare, retail and others. In terms of sales channel, the industry is bifurcated into indirect sales and direct sales.
The regional landscape of worldwide modular carpet tile market comprises of North America, Europe, Latin America, Middle East & Africa, and Asia-Pacific. New Zealand, Australia, Japan, China, rest of Asia-Pacific, France, Germany, U.K., rest of Europe, Mexico, Canada and the U.S. are the point of focus.
Major companies that formulate the competitive terrain of worldwide modular carpet tile market are Tandus Centiva (Tarkett), Beaulieu International Group, Milliken & Co., Mannington Mills Inc., Interface Inc., Mohawk Industries, Balta Group NV, Forbo Holding AG, and Shaw Industries Group Inc. among others.