The global market for carpets & rugs is projected to grow from USD 91.60billion in 2017 to reach USD 112.69billion by 2022, at an estimated CAGR of 4.2%. The carpets & rugs market is driven by factors such as growing interest of consumers toward interior decoration and rapid urbanization &globalization.
Access Study Papers of Carpets & Rugs Market spread across 193 Pages, Profiling 15 Companies and Supported with 156 Tables and 33 Figures is now available at www.rnrmarketresearch.com/contact…me=1096837 .
Report studies the global market size of Carpets & Rugs in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Carpets & Rugs in these regions. This research report categorizes the global Carpets & Rugs market by players/brands, region, type and application.
It starts with raw material suppliers such as Mohawk Industries, Inc.
(U.S.), Shaw Industries Group (U.S.), Lowe’s Companies, Inc. (U.S.), Taekett S.A. (France), and Home Depot, Inc. (U.S.) that are the manufacturing companies of the carpets & rugs. The next level in the chain involves the assembly team that is monitored by manufacturers such as 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.).
The tufted type of carpets & rugs is projected to grow at the highest CAGR between 2017 and 2022. The increasing demand from residential and non-residential sectors is driving the expansion of tufted type of carpet in the carpets & rugs market.
Tufted carpets account for the majority share of the carpets & rugs market, since they are extremely sturdy and hardwearing as well as quick and easy to manufacture.
Click Here for More Information on Carpets & Rugs Market with Forecast and Company Profiles at www.rnrmarketresearch.com/contact…me=1096837 .
Emerging carpets & rugs markets such as the Asia-Pacific region have contributed to an increase in the application of carpets & rugs in the construction industry. High prices of raw materials is a restraining factor for the carpets & rugs market.
Asia-Pacific region is projected to be the fastest-growing market during the forecast period, followed by Middle East & Africa. In Asia-Pacific, China is estimated as the largest consumer for carpets & rugs, followed by India.
China, with its growing residential & non-residential sector of the construction industries, is expected to drive the carpets & rugs market.
The global carpets & rugs market was valued at USD 88.24 Billion in 2016, and is projected to reach USD 112.69 Billion by 2022, at a CAGR of 4.2%. The base year considered for the study is 2016, with the market size projected from 2017 to 2022.
The primary objective of the study is to define, segment, and project the carpets & rugs market size on the basis of type, material, end-use sector, and region.
Connect for More Details and More Information “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” report at www.rnrmarketresearch.com/contact…me=1096837 .
Regionally, North America has been leading the worldwide carpets & rugs market and is anticipated to continue on the dominant position in the years to come, states the carpets & rugs market study. The rapid expansion of housing & construction activities in the residential sector across countries such as the U.S. is the main factor behind the dominance of the North America carpets & rugs market.
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.
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