Product Code: ETC083204 | Publication Date: Jun 2021 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The carpet tile market in Thailand was estimated to have a size of US$ 183 million in 2018 and is expected to grow at a CAGR of 7.7% during the forecast period, according to 6Wresearch. The growth can be attributed to the increasing consumer preference for an aesthetic interior design of residential as well as commercial establishments in the country. Moreover, growing urbanization has led to rising demand from hotels and resorts sector which will further aid the market growth over the forecast period.
The Thailand carpet tiles market is driven by the expanding construction and interior design sector. Carpet tiles are convenient, versatile, and visually appealing, making them a popular choice for commercial and residential spaces. The trend of sustainable and eco-friendly interiors also contributes to the demand for carpet tiles.
The Thailand carpet tiles market encounters challenges stemming from the need for effective waste management solutions for used carpet tiles. Addressing concerns about indoor air quality and product recyclability is crucial. Market education about the benefits of carpet tiles compared to traditional carpets and competition from other flooring options pose further challenges.
The Thailand carpet tiles market faced challenges as the commercial real estate sector and hospitality industry were impacted by lockdowns and reduced travel. With fewer construction projects and a shift in remote work practices, the demand for office and hospitality-related products decreased. The market is expected to rebound as businesses adapt to new office layouts and travel resumes.
Key players in the Thailand carpet tiles market include Interface Inc., Mohawk Industries, and Shaw Industries Group, Inc. These companies are known for their innovative and sustainable carpet tile solutions for commercial and residential spaces. Their design versatility and eco-friendly initiatives have positioned them as leaders in the carpet tiles industry.