Rapid Growth of Carpets and Rugs Market Due to Growing interest of consumers toward interior decoration - Ikea Group, Tarkett., Lowe's Companies, Inc., Interface, The Dixie Group, Mohawk Industries, Shaw Industries, The Home Depot, Mannington Mills, Inc

The Carpets and Rugs market research report investigates the qualities and shortcomings of the key players through SWOT examination and undertakings the Carpets and Rugs market development of the key players during the forecasted time frame. The report additionally gives some significant suggestions and fills in as an accommodating manual for new just as existing players in the Carpets and Rugs market. It aides the clients by furnishing them with solution and relevant inquiries as for the rising patterns and development openings in this Chemical and materials industry. The report utilizes different market tools and methodologies like SWOT analysis to analyze the overall structure of Carpets and Rugs market.

It distinguishes every one of the noticeable boundaries to development, aside from recognizing the patterns inside different application sections of the Global Carpets and Rugs market. Gathering verifiable and ongoing information from different bona fide assets and relying upon every one of the variables and patterns, the report displays a non-literal gauge of things which would affect economic situation, alongside compound yearly development rate. The report saves the time of the clients which is consumed while doing entry level research. The report fills in as a repository of investigation and covers the entire significant segments.

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% by the end of 2025.

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The carpet and rugs market is predicted to grow considerably throughout the forecast amount, because of factors like its increase in demand from the residential and non-residential sectors and therefore the rise within the renovation activities in each the residential and non-residential infrastructures. Within the regions with terribly cold temperatures, carpets and rugs facilitate in maintaining the temperature of the ground and additionally in thermal physical phenomenon. The rise in shopper disbursal additionally tends to extend the employment of carpets and rugs for transportation aesthetic enhancements to home and workplace areas. The market is more driven by the rise in awareness of use of eco-friendly materials for carpets.

Key players/Competitors of Carpets and Rugs Market

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.

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.

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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

Based on type, the global carpets and rugs market is segmented into

Tufted,
Woven,
Needle-punched,
Knotted and others

On the basis of end user, the global carpets and rugs market is classified into

Residential,
Non-residential and
Automotive & transportation

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About Data Bridge Market Research:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.

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