Carpet and Rugs Market To Perceive Huge Accretions (4% CAGR) By 2023; Asserts MRFR

Market Research Future published a research report on “Carpet and Rugs Market Research Report- Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Global Carpet and Rugs Market Information by Material (Nylon, Polyester, Polypropylene), By Type (Woven, Tufted, Knotted, Needle-Punched), By End-Use (Residential, Non-Residential, Automotive & Transportation) And Region - Forecast To 2023

Global Carpet and Rugs Market is expected to grow over the CAGR of 4% approximately during the period 2017 to 2023.

Market Highlights

Carpet and rugs market is expected to grow during the forecast period, owing to the rising preference for modular carpet solutions among end-users. The increase in renovation activities for residential and commercial purposes and the use of carpets and rugs for floor decoration, are also driving the growth of the market. The market is also gaining traction owing to the increase in adoption of carpets and rugs in the countries with cold climatic conditions as they provide thermal insulation benefits.

Get Sample of Report @ https://www.marketresearchfuture.com/sample_request/4154

Market Research Analysis:

Based on type, the tufted segment is expected to dominate the market owing to its increased adoption by the residential construction and commercial projects. The technological advancements have allowed the usage of recycled fiber in manufacturing of carpets and rugs, which is further driving the market for tufted carpets and rugs. Tufting is appropriate for all types of fibers & yarns and can be made in a variety of finishes, which increases the use of such types of carpets and rugs.
On the basis of end-use, the residential segment is expected to grow at the highest CAGR owing to the increase in adoption of carpets for the purpose of floor coverings among residential end-users. Carpets are available in a range of colors and textures, which make them suitable for use by residential end-users in all types of decors. The increasing investment in new housing constructions and the rapid increase in home renovation projects, are driving the growth of the residential sector in the carpets and rugs market.

Key Players

The key players of global Carpet and rugs market includes Mohawk Industries, Inc. (U.S.), Taekett S.A. (France), Lowe's Companies, Inc. (U.S.), Shaw Industries Group (U.S.), Dixie Group, Inc. (U.S.), Home Depot, Inc. (U.S.), Tai Ping Carpets International Limited (China), Interface, Inc. (U.S.), Orientals Weavers Company for Carpets (Egypt), Victoria PLC (U.K.) and others.

Enquiry before Buying @ https://www.marketresearchfuture.com/enquiry/4154

Scope of the report

This study provides an overview of the global carpet and rugs market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Carpet and rugs market by its material, type, end-use and region.

By Material
• Nylon
• Polyester
• Polypropylene

By Type
• Woven
• Tufted
• Knotted
• Needle-punched

By End-Use
• Residential
• Non-residential
• Automotive & Transportation

By Region
• North America
• Asia Pacific
• Europe
• Rest of the World

Access Full Report@ https://www.marketresearchfuture.com/reports/carpet-and-rugs-market-4154

Ask for your specific company profile and country level customization on reports.

About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for , regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com

This release was published on openPR.