Global Carpets and Rugs Market report gives a high to bottom examination of the market as so much as financial gain and developing business sector patterns. Carpets and Rugs report additionally encompasses predictions utilizing an affordable arrangement of suspicions and techniques. The scope of this market report extends from market scenarios to comparative evaluation between major players, cost and profit of such market regions. The global Carpets and Rugs market report conjointly contains the drivers and restrains for the market that area unit derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, merges and accusations by the several key players and brands that are driving the market by general company profiles.
The Global Carpets and Rugs Market is expected to reach USD 133.15 billion by 2025, from USD 91.95 billion in 2017 growing at a CAGR of 4.5% during the forecast period of 2018 to 2025.
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Global Carpets and Rugs Market Segmentation:
By Geography
Asia Pacific (China, South Korea, Japan, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, Rest of Asia-Pacific).
North America (US, Canada, Mexico).
Europe (Russia, Turkey, Belgium, Netherlands, Switzerland, Spain, France, Germany, Italy, UK, Rest of Europe.
South America (Brazil, Argentina, Rest of South America).
Middle East and Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East and Africa).
On the basis of material, the global carpets and rugs market is classified into
Nylon,
Polyester,
Polypropylene and others
On the basis of end user, the global carpets and rugs market is classified into
Residential,
Non-residential and
Automotive & transportation.
Based on type, the global carpets and rugs market is segmented into
Tufted,
Woven,
Needle-punched,
Knotted and others
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Recent Industry Developments
According to article published by India Brand Equity Foundation, in the year 2017 the production of passenger vehicles, commercial vehicles, three wheelers and two wheelers has grew at 11.27% year from April and December in the year 2017 and approximately 21,415,719 vehicles were manufactured. Moreover, the sales of passenger vehicles grew by 5.22% and two wheelers 40.31%.
According to International Trade Association, U.S. light vehicle production reached almost 12 million for the passenger vehicles, and the light vehicle sales reached 17.5 million units in 2016. This has indirectly affected the growth of the carpets and rugs market. The growing demand of carpets and rugs by end users has been a major factor for the growth of the market.
Major players/Competitors Profiled in this report are:
Mohawk Industries Inc., Shaw Industries Group, Inc., Tarkett S.A., Lowe’s Companies, Inc., Interface Inc., Dixie Group, Inc., Oriental Weavers Company for Carpet., Tai Ping Carpets International Limited, Victoria PLC, The Home Depot, Inc., Mannington Mills, Inc., Beaulieu International Group, Ikea Group, Engineered Floors LLC, Royalty Carpet Mills, Inc., Stark Carpet Corp., Invista, Milliken & Company, Kraus Carpet Mills Ltd., Couristan, Inc, ABBey Carpet & Floor, Axminster Carpets Ltd, Floor Coverings International, Avalanche Flooring, Inc., Foamex International In and many more.
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