Transportation Sector Key To Carpet Flooring Market Growth

The carpet flooring market is expected to grow at a compound annual growth rate (CAGR) of approximately 5.74 per cent from 2022 to 2028, says a report from ReportLinker. The higher demand for carpet tiles and sustainable carpets are due to expansion in the transportation sector, increased hotel construction, the rise in renovation and remodeling activities, and growth in the hospitality and automotive industries. North America accounted for the largest carpet flooring market share of over 35 per cent in 2022, attributable to continued growth in the residential sector and the high disposable income of consumers.