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NEW YORK , Aug. 19, 2022 /PRNewswire/ -- The commercial carpet market size is expected to grow by USD 155.77 mn from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 2.7% during the forecast period. The growing non-residential building construction projects are driving the commercial carpet market growth. However, factors such as the easy availability of substitutes may challenge the market growth.
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The commercial carpet market report covers the following areas:
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. The key offerings of a few of these vendors are listed below:
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The growing non-residential building construction projects are driving the growth of the market. The urban population is growing rapidly, which is expected to fuel the demand for new commercial buildings during the forecast period. North America is a major producer and consumer of commercial carpets, with education, public, retail, hospitality, and government buildings being key end-users. Commercial construction projects are rising at a high growth rate in APAC. Such factors will support the commercial carpet market growth during the forecast period.
The easy availability of substitutes is challenging the growth of the market. There is a wide range of flooring materials, such as ceramic, cork, laminate, linoleum, wood, stone, and vinyl, in the global commercial flooring market. Commercial builders in APAC prefer ceramics and other hardwood flooring materials. Moreover, manufacturers of flooring materials provide offerings that are differentiated in terms of price, weight, and colors. These factors will hamper the commercial carpet market growth during the forecast period.
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Accelerate at a CAGR of 2.7%
North America, Europe, APAC, South America, and Middle East and Africa
US, United Arab Emirates, China, Germany, and UK
Leading companies, competitive strategies, consumer engagement scope
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
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the forecast period.
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