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Global Commercial Carpet Market 2018-2022| Rising Non-residential Buildings Construction Drives Growth| Technavio

September 24, 2018

LONDON--(BUSINESS WIRE)--Sep 24, 2018--Technavio’s global commercial carpet market research report forecasts the market to register a CAGR of almost 3% during the forecast period.

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Technavio has published a new market research report on the global commercial carpet market for the period 2018-2022. (Graphic: Business Wire)

The emergence of luminous carpets will be one of the major trends in the during 2018-2022. Desso partnered with Philips to develop luminous carpets that combine LED lighting with light transmissive carpet. The luminous carpets are durable and make a stylish flooring solution, which can direct users about directions and signs with the help of LED lights on carpets.

This report is available at a USD 1,000 discount for a limited time only:

According to Technavio analysts, one of the key drivers for the global commercial carpet market is the growing non-residential buildings construction projects:

Global commercial carpet market: Growing non-residential buildings construction projects

The Americas is a major producer and consumer of commercial carpets. The education, public, retail, hospitality, and government buildings sectors are some of the key end-users of commercial carpets. During the forecast period, the demand for commercial carpets is expected to be boosted by the rising number of commercial projects in the Americas.

According to a senior analyst at Technavio for research on construction, “The commercial construction in Europe is anticipated to witness significant growth during the forecast period. The emerging markets such as the Netherlands, Belgium, and Denmark are expected to record a stable growth during the period 2017-2019. Similarly, in the APAC region, China and Japan are expected to contribute substantial shares to the commercial carpets market during the forecast period.”

Global commercial carpet market: Segmentation analysis

The global commercial carpet market analysis report provides market segmentation by product (carpet tiles and broadlooms) and by region (the Americas, APAC, and EMEA). This commercial carpet market forecast provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

Of the two major products, the carpet tiles segment held the largest commercial carpet market share in 2017, contributing to over 60% of the market. This product segment will dominate the global market throughout the forecast period.

The Americas held the largest share of the market in 2017, accounting for more than 47% share. It was followed by EMEA and APAC respectively. The Americas is expected to dominate the market throughout the period 2018-2022.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20180924005504/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: MANUFACTURING TEXTILES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/24/2018 08:27 AM/DISC: 09/24/2018 08:27 AM

http://www.businesswire.com/news/home/20180924005504/en

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