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CARPET AND RUGS MARKET 2018 Industry Survey, Growth, Competitive Landscape and Forecasts to 2023

PREPARED BY Market Research Future (Part of Wantstats Research & Media Pvt. Ltd.)


Carpet and Rugs MARKET 2018 Carpet and Rugs Market 2018: Industry Survey, Growth, Competitive Landscape and Forecasts to 2023 • The carpet and rugs market is expected to grow significantly during the forecast period, owing to factors such as its increase in demand from the residential and non-residential sectors and the rise in the renovation activities in both the residential and non-residential infrastructures. In the regions with very cold temperatures, carpets and rugs help in maintaining the temperature of the floor and also in thermal conductivity. The increase in consumer spending also tends to increase the use of carpets and rugs for bringing aesthetic improvements to home and office spaces. The market is further driven by the increase in awareness of use of eco-friendly materials for carpets. • Based on all types of materials used in the carpets and rugs industry, the market can be segmented as Nylon, Polyester and Polypropylene. Among these, nylon segment is expected to grow the highest during the forecast period. Nylon has superior dust-resistant properties and the rugs and carpets made up of nylon, can be cleaned easily. The carpets made from nylon are of high strength, which make it suitable where there is high foot traffic such as in industrial and commercial carpeting. • North America is expected to dominate global carpet and rugs market followed by Asia-Pacific. The growth in North America region can be attributed to the increase in the focus of the manufacturers for developing low cost rugs and carpets. The Asia-Pacific region is projected to grow at the highest CAGR due to the existence of developing nations such as India where the number of unorganized manufacturers of carpets and rugs is high. The increase in purchasing power and increase in construction and renovation activities are also driving the growth of the market.

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Carpet and Rugs MARKET 2018

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. Enquiry of the Report: https://www.marketresearchfuture.com/enquiry/4154

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Carpet and Rugs MARKET 2018 Regional Analysis The Carpet and Rugs market is segmented into five regions: Latin America, the Middle East & Africa, Asia Pacific, North America, and Europe. Among these, Asia is expected to be the fastest growing region with an encouraging CAGR. Growing population and the increasing per capita disposable income in the developing nations are primarily driving the growth of the Carpet and Rugs market. Moreover, the propelling aerospace and the automobile industry in countries such as India and China, is increasing the demand for Carpet and Rugs. Moreover, the growing demand from the oil and gas industry mainly in China, India is another factor positively affecting the market growth. The growing population has augmented the need for energy in the region which has resulted in a surge in oil and gas activities, thereby increasing the demand for a Carpet and Rugs for the use in bearings, pump shafts, hydraulic plungers and other applications. North America is the largest market and is expected to retain its dominance during the forecast years. The developed industries such as aerospace, automobile, and pharmaceuticals among other are positively affecting the market growth. The European region is a lucrative market and is mainly driven by a well-developed automobile and aerospace industry. Moreover, the growing oil and gas related activities mainly in Russia is expected to surge the market growth, Europe is expected to show a CAGR of over 5.5% during the forecast years.

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Carpet and Rugs MARKET 2018 Application & Major Players in this Research: Carpet and Rugs Market Prominent Players:

• Mohawk Industries, Inc • Lowe's Companies • Shaw Industries Group • Dixie Group, Inc • Tai Ping Carpets International Limited • Home Depot • Victoria PLC

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Global Carpet and Rugs Market 2018 Industry Research Report provides important statistics, analytical and comparative data to give a complet...

Carpet and rugsCarpet and Rugs Market Size, Industry Trend, Share and 2025 Forecasts  

Global Carpet and Rugs Market 2018 Industry Research Report provides important statistics, analytical and comparative data to give a complet...

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