Product Code: ETC083203 | Publication Date: Jul 2023 | Updated Date: Jan 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India carpet tiles market is expected to grow at a CAGR of 7.9% during the forecast period. The increasing demand for eco-friendly flooring solutions, advancements in technology and increased consumer preference are among the key factors driving market growth. Furthermore, rising disposable income levels and changing lifestyles have also contributed to an increase in the demand for carpets in India.
Increasing Demand for Eco-Friendly Flooring Solutions ??? Carpet tiles are made from sustainable materials such as wool, jute, bamboo and sisal that do not require any harmful chemicals or treatments during their production process. This makes them environment friendly which has been a major factor contributing to their growing popularity in residential homes as well as commercial spaces. Advances In Technology ??? With advances in modern technologies used for producing carpets, manufacturers can now produce carpets with better quality fabrics that provide superior performance over time like enhanced stain resistance & colorfastness etc., thereby increasing their appeal among users across different geographies including India.
Fluctuations In Raw Material Prices ??? Fluctuating raw material prices pose a challenge to manufacturers operating within this industry making it difficult for them to maintain competitive price points while maintaining product quality standards at the same time. Additionally, higher transportation costs may lead companies towards investing more on marketing activities than manufacturing operations leading further losses due to high cost of goods sold (COGS).
Interface; Shaw Industries Group Inc.; Beaulieu International Group; Milliken & Company; TOLI Corporation; Mohawk Industries Inc.; JJ Flooring Group; Dixie Homecrafters; Mannington Mills Inc.; Durkan Commercial Carpets