ReportsnReports.com: Global Carpet Tile Market Emerging Markets Driving Growth

Online, July 11, 2011 (Newswire.com) - Carpet tiles also known as carpet squares, are modular sections of carpeting which are typically cut into square shape. Due to its ease of installation, recyclable and replaceable nature, carpet tiles are efficiently used in renovations. In recent years, carpet tiles saw the highest growth in the soft floor coverings segment mainly because of its increasing demand in corporate office sector and declining usage of broadlooms. Strong demand from emerging markets like India, China, Eastern Europe, Middle East and Africa offer significant opportunities for carpet tile penetration.

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America and Asia-pacific (including Japan) account for a major portion of carpet tile market. There has been a consistent growth in carpet tile sales over the period 2006-2009 in the US as their demand arose not only from corporate sector but other sectors like retail, hospitality, healthcare and residential as well.

Commercial market, which includes corporate offices, healthcare, education, government, and retail accounted for more than 90% of total carpet tile sales in the US at the end of 2009. The barriers to entry in the carpet tile market for a new entrant in U.S. are quite high due to strict environmental regulations, high investment and presence of a large number of substitutes. Interface is the largest carpet tile manufacturer in the US while others include Shaw and Mohawk.

Growth in carpet tile market in Europe was not in line with the growth witnessed by the American and Asia Pacific markets due to economic slowdown and less new build. The UK is the largest market for carpet tiles in Europe followed by France and Germany. Recovery in construction market, huge opportunity in untapped regions like Germany and Scandinavian region will accelerate the popularity of carpet tile in coming years.

Asia-Pacific carpet tile business had a relatively strong performance in 2009, with major manufacturers like Interface and Mohawk planning to open new carpet tile manufacturing plants. Japan is the largest carpet tile market within the Asia-Pacific region. Other key markets include China, Taiwan and South Korea.

The report titled "Global Carpet Tile Market: Emerging Markets Driving Growth" covers the overview, classification, market size and segmentation of the global carpet tile market. The study analyses the regional carpet tile markets of the US, Europe and Asia Pacific. Michael Porter's Five Forces Analysis has been done to understand the dynamics of the carpet tile market. Further, trade flow of carpet and other textile flooring coverings in various regions have also been discussed in the report. The competitive aspect of the market is also highlighted and the key players are profiled with their strategies for this market.

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