Global Carpet and Rugs Market
Carpets Market, Carpets Market Size, Carpets Market Share, Carpets And Carpets Market Trends
MRFR Press Release / – Market Research Future released a half-cooked research report on the Global Carpet & Carpet Market. The global market for carpets is expected to grow above the CAGR of 4% in the period from 2017 to 2023.
The Worldwide Carpet and Rugs Market Report 2018 is a professional and thorough study of the current state of the carpet and rug industry. The report provides a basic overview of the market status and forecast of global and key regions, along with an introduction to vendors, regions, product types, and end industries.
General market highlights
The carpet and carpet market is expected to grow over the forecast period as end users increasingly prefer modular carpet solutions. The increase in renovation activities for residential and commercial purposes, as well as the use of carpets for floor decoration, is also driving the growth of the market. The market is also gaining importance due to the increasing spread of carpets in countries with cold climatic conditions, as these offer advantages for thermal insulation.
Analysis of the main players in the carpet and carpet industry:
• Mohawk Industries, Inc.
• Lowe’s company
• Shaw Industries Group
• Dixie Group, Inc.
• Tai Ping Carpets International Limited
• Home Depot
• Victoria PLC
A sample copy of this report is available at: https://www.marketresearchfuture.com/sample_request/4154
Market research analysis:
Depending on the type, the tufted segment is expected to dominate the market due to its increasing acceptance in residential and business projects. Technological advances have enabled the use of recycled fibers in the manufacture of carpets, which continues to drive the market for tufted carpets. Tufting is suitable for all types of fibers and yarns and can be made in various designs, which increases the use of such types of carpets and rugs.
Due to end-use, the residential segment is expected to grow due to the increased use of carpets for flooring by end-users in residential areas with the highest CAGR. Carpets are available in different colors and textures, making them suitable for end users in all types of decors. The increasing investment in new residential buildings and the rapid increase in renovation projects are driving the growth of the residential sector in the carpet and carpet market.
Regional analysis of the market for capets and carpets
Asia Pacific will be the largest market
North America is expected to dominate the global carpet and carpet market, followed by the Asia-Pacific region. The growth in the North America region is due to the increasing focus of manufacturers on developing low-cost carpets. The Asia-Pacific region is expected to grow at the highest CAGR due to the existence of developing countries such as India, where the number of unorganized manufacturers of carpets is high. The increase in purchasing power and the increase in construction and renovation activities are also driving the growth of the market.
Scope of the report
This study provides an overview of the global carpet and rug market, tracing three market segments in four geographic regions. The report studies the key players and provides a five year annual trend analysis highlighting market size, volume, and share for North America, Europe, Asia Pacific (APAC), and Rest of the World (ROW). The report also includes a forecast that focuses on the market opportunity over the next five years for each region. The scope of the study segments the global carpet and carpet market by material, type, end use and region.
Full Report on Carpet & Carpets Market Report, spanning 110 pages, profiling 15 companies and backing them up with available tables and figures @ https://www.marketresearchfuture.com/reports/carpet-and-rugs-market-4154
According to material
• Needle punched
According to final consumption
• Not for residential use
• Automobile & Transportation
About the future of market research:
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This version was published on openPR.