North American Flooring Market to Reach $23.2 Billion in 2018
Wellesley, Mass., (PRWEB) August 07, 2014
BCC Research (http://www.bccresearch.com) reveals in its new report, COMMERCIAL FLOORING: NORTH AMERICAN MARKETS, the North American flooring market is expected to grow to $23.2 billion by 2018, with a five-year compound annual growth rate (CAGR) of 5.1%. The commercial flooring segment is projected to move at a healthy CAGR of 4.6%.
Commercial carpeting dominates the overall commercial flooring market and is expected to grow to more than $2.4 billion in 2018, registering a 2.7% CAGR. In recent years, a portion of carpet revenue growth has come from traditionally broadloom applications switching to carpet tile. This is especially true in the corporate office market, which is by far the biggest part of the entire commercial market. Carpet tile now accounts for at least 50% of commercial carpet revenues.
"Commercial carpet manufacturers are constantly looking for ways to improve product quality and to keep their carpet lines fresh in the marketplace. One of the latest innovative concepts in carpeting receiving a lot of attention is LED light transmissive carpeting," says BCC Research analyst Lisa Marshall. "LED carpets help guide people around buildings, including safety exits and routes, enhance the ambiance and atmosphere of the interior of buildings combining lighting with design and color, and help de-clutter spaces by making information visible only when needed."
COMMERCIAL FLOORING: NORTH AMERICAN MARKETS provides an overview of the North American commercial flooring markets. It includes analyses of global market trends, with data from 2013, projections of CAGRs through 2018, and profiles of companies important in the industry.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming(at)bccresearch(dot)com.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years, we have helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key competitors. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Our clients include the top companies in industries around the world as well as universities, business schools, start-ups, consulting firms and investment companies. BCC Research is a unit of Eli Research LLC. Visit our website at http://www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or E-mail information(at)bccresearch(dot)com.
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