| Submit Press Release
| Submit Website
(HomeGarden247.com, May 20, 2020 ) The report "Carpets & Rugs Market by Type (Tufted, Woven, Needle-punched, Knotted), Material (Nylon, Polyester, Polypropylene), End-use Sector (Residential, Non-residential, Automotive & Transportation), and Region - Global Forecast to 2022", The carpets & rugs market size is projected to grow from USD 91.60 Billion in 2017 to reach USD 112.69 Billion by 2022, at a CAGR of 4.2%.
Submit Home & Garden Press Release
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=62048331
The global carpets & rugs market is witnessing a growth in demand, owing to the rise in the renovation & remodeling activities, growing interest of consumers toward interior decoration, and rapid urbanization & globalization. The growth in demand from the residential industry also provides an opportunity for market growth, especially in the emerging Asia-Pacific and Middle East & African regions.
Tufted segment, by type, to gain maximum share during the forecast period
The tufted segment is estimated to account for the largest share by 2022, mainly because new residential construction and commercial projects are increasingly adopting tufted carpets & rugs. Carpets are lucrative for several reasons such as aesthetic enhancement, improvement of indoor air quality, and noise reduction. Due to the technological advancements, the majority of carpets are made from the recycled fiber. The high demand and rapid growth of this type of carpet are supported by its easy and quick manufacturing process, coupled with reasonable pricing. In addition, tufting is suitable for all types of fibers and yarns and can be made in a variety of finishes. The growing construction industry also provides an opportunity to the market to grow further of the market.
The market for carpets & rugs made from polypropylene is projected to grow at the highest rate during the forecast period
Raw materials such as nylon, polypropylene, and polyester are used for manufacturing carpets & rugs. The high demand can be attributed to this type of fiber’s ability to produce versatile designs and patterns, resilience, stain & abrasion resistance, and ability to withstand heavy foot traffic. The polypropylene fiber has relatively lower priced than the other materials used in manufacturing carpets & rugs with resistance to water-based stains, bleaches, and sunlight fading. Also, it can be easily extruded by most manufacturers.
Don't miss out on business opportunities in Carpets & Rugs Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=62048331
Browse in-depth TOC on "Carpets & Rugs Market”
156 - Market Data Tables
33 - Figures
193 – Pages
North America is projected to account for the largest share in the carpets & rugs market in 2016
On the basis of key regions, the carpets & rugs market is segmented into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The North American market accounted for the largest share among all the regions in 2016, in terms of value. However, the growth in the region is projected to trail behind the global average. The U.S. accounted for the largest market share in the North American region in 2016, followed by Canada. The U.S. is also projected to register the highest growth during the forecast period due to the upsurge of housing activities in the country. The North American market has been a leader with respect to product innovation, in terms of quality and application development. The U.S. and Canada are the most developed countries in North America, followed by Mexico.
The major players include Mohawk Industries, Inc. (U.S.), Shaw Industries Group (U.S.), Lowe’s Companies, Inc. (U.S.), Taekett S.A. (France), Home Depot, Inc. (U.S.), Interface, Inc. (U.S.), Dixie Group, Inc. (U.S.), Orientals Weavers Company for Carpets (Egypt), Tai Ping Carpets International Limited (China), and Victoria PLC (U.K.). Companies have adopted strategies such as acquisitions and expansions to cope with the increase in demand in the emerging markets.
Get This Report @ https://www.marketsandmarkets.com/Purchase/purchase_reportNew.asp?id=62048331
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
| Submit Home & Garden website