Global Commercial Carpet Market 2018-2022| Rising Non-residential Buildings Construction Drives Growth| Technavio
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.
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.
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 LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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SOURCE: Technavio Research
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PUB: 09/24/2018 08:27 AM/DISC: 09/24/2018 08:27 AM