Commercial Carpet Market Size to Grow by $155.77 Million, Berkshire Hathaway Inc. and Engineered Floors LLC among the top vendors

NEW YORK, August 19, 2022 /PRNewswire/ — The size of the commercial carpet market is expected to grow 155.77 million dollars from 2021 to 2026. Furthermore, the market growth momentum will accelerate at a CAGR of 2.7% during the forecast period. Growing non-residential building construction projects are driving the growth of the commercial carpet market. However, factors such as easy availability of substitutes may challenge the market growth.

Attractive Commercial Carpet Market Opportunities by Product and Geography: Forecast and Analysis 2022-2026

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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. Key offerings from some of these providers are listed below:

  • Berkshire Hathaway Inc. – The company offers commercial carpet products, including commercial carpet tiles and loom tiles.

  • Engineered Floors LLC – The company offers brands of commercial carpet products 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 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 carpets and wide tiles.

This report provides a comprehensive list of leading vendors, their strategies and latest developments. buy now to access exclusive vendor information

Commercial Carpet Market 2022-2026: Driver and Challenge

The growing non-residential building construction projects are driving market growth. The urban population is growing rapidly, which is expected to drive the demand for new commercial buildings during the forecast period. North America is a major producer and consumer of commercial carpets, with education, the public, retail, hospitality and government buildings as key end users. Commercial construction projects are increasing at a high growth rate in APAC. These factors will support the growth of the commercial carpet market during the forecast period.

The easy availability of substitutes is challenging the growth of the market. There is a wide range of flooring materials including ceramic, cork, laminate, linoleum, wood, stone and vinyl in the global commercial flooring market. Commercial builders in APAC prefer ceramic and other hardwood flooring materials. In addition, manufacturers of flooring materials offer differentiated offers in terms of price, weight and colors. These factors will hinder the growth of the commercial carpet market during the forecast period.

Commercial carpet market 2022-2026: Segmentation

Commercial Carpet Market 2022-2026: Key Aspects

  • Market CAGR during the forecast period 2022-2026

  • Detailed information on factors that will aid the growth of the commercial carpet market over the next five years

  • Estimation of the commercial carpet market size and its contribution to the parent market

  • Predictions about upcoming trends and changes in consumer behavior

  • The growth of the commercial carpet market

  • Market competitive landscape analysis and detailed vendor information

  • Comprehensive details of the factors that will challenge the growth of the vendors in the Commercial Carpet market

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Scope of the commercial carpet market

Coverage of the report

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerating with a CAGR of 2.7%

Market growth 2022-2026

155.77 million dollars

Market structure

fragmented

Year-on-year growth (%)

2.54

Regional analysis

North America, Europe, APAC, South America, and the Middle East and Africa

Realization of the contribution to the market

North America at 44%

Key consumer countries

United States, United Arab Emirates, China, Germany and United Kingdom

Competitive landscape

Leading companies, competitive strategies, scope of consumer participation

Profiled companies

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.

Market dynamics

Major market analysis, market growth drivers and obstacles, analysis of fast and slow growing segments, impact of COVID 19 and future consumer dynamics and analysis of market conditions for the forecast period.

Customization scope

If our report doesn’t include the data you’re looking for, you can contact our analysts and customize the segments.

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Table of contents

1 Executive summary

2 Market landscape

3 Size of the market

4 Analysis of the five forces

5 Market segmentation by product

6 Customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 Landscape of sellers

10 Analysis of suppliers

11 Appendix

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