Market Overview
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.
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Competitive Landscape
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.
Market Segmentation
The global carpets & rugs market has been segmented based on material type, product type, end use, and region.
Based on material types, market has been classified into nylon, polyester, polypropylene, cotton, wool, silk, jute, and others.
Based on product type, market has been classified into woven, tufted, knotted, needle-punched, and others.
The global carpets & rugs market has been divided, based on end use, into residential and commercial.
The global carpets & rugs industry has been analyzed for four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The North American carpets & rugs market has further been segmented into the US, Canada, and Mexico.
The European carpets & rugs market has been segregated into the UK, Germany, France, Italy, Spain, and the rest of Europe.
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Regional Analysis
Among the regions, North America has accounted for a significant market share of the global carpets & rugs market in 2018. In North America, the US is estimated to maintain its dominance throughout the forecast period and expected to witness a moderate growth rate during the forecast period. High consumer interest towards interior decoration is considered to be one of the significant factors for the rising growth of carpets & rugs market in the US. Apart from that, increasing renovation and remodeling activities in real estate sectors in the US has resulted in the massive demand of carpets & rugs over the last few years. However, Asia-Pacific carpets & rugs market is projected to witness enormous growth during the forecast period.
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