[Latest] Europe Carpets and Rugs Market Size/Share Worth

Sandy, Utah, USA, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Europe Carpets and Rugs Market Size, Trends and Insights By Type (Tufted, Woven, Needle-Punched, Knotted, Others), By Material (Nylon, Polyester, Polypropylene, Others), By End-User (Residential, Non-Residential, Automotive & Transportation), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030” in its research database.

“According to the latest research study, the demand for Europe Carpets and Rugs Market size & share was valued at approximately USD 21.73 Billion in 2021 and is expected to reach USD 22.95 billion in 2022 and is expected to reach a value of around USD 32.76 Billion by 2030, at a compound annual growth rate (CAGR) of about 4.6% during the forecast period 2022 to 2030.”

Our recently published report, “Europe Carpets and Rugs Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.

Carpets and Rugs Market: Overview

A carpet is a type of textile floor covering that generally has an upper layer of pile linked to a backing. Traditionally, the pile was formed of wool, but during the twentieth century, synthetic fibers such as polypropylene, nylon, or polyester have been commonly utilized since they are less expensive than wool. The pile of the carpet is often made up of knotted tufts that are heat-treated to keep their structure.

A rug is a thick, heavy piece of cloth with a nap or pile that is used as a floor finish. Rugs are smaller in size than carpets and are intended to cover a limited area. The growing consumer preference for interior décor, along with rising spending power, has enhanced the Europe appeal of carpets and rugs.

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Carpets and Rugs Market: COVID-19 Impact Analysis

The lack of quality raw materials such as wool, nylon, and polyester in different carpet and rug manufacturing countries from all around the globe during the pandemic, owing to the closure of international borders, to contain the spread of the COVID-19 virus had negatively impacted the supply chains and hampered the export and imports of carpets and rugs across the globe. This created a barrier to the growth of the industry as the production process was hampered due to a lack of labour and raw material. Additionally, the Europe population was focused on accumulating the necessities during the lockdown period and was not interested in purchasing interior decorative items such as carpets and rugs.

Therefore, the COVID-19 pandemic had a negative impact on the revenues of the market, however, it is expected with the ongoing vaccination drives in different parts of the globe, and with the ease of lockdown the demand for carpets and rugs is expected to increase as consumers interest for decorative products will rise just like the pre-COVID era.

(A free sample of the Europe Carpets and Rugs report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
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About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Europe Carpets and Rugs report has been modified to include the COVID-19 impact study prior to delivery.)

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Key Offerings:

Market Share, Size & Forecast by Revenue | 2022−2030.
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Europe Carpets and Rugs Market: Growth Drivers

Increase in product innovation and development.

To suit client expectations, European carpet producers and dealers are offering novel products. Consumers are gravitating to non-geometrical designer patterns and eye-catching bright colors in carpets and rugs, which is expected to boost the Europe carpets and rugs industry in the future.

The Europe carpet and rug market is expected to be impacted by market rising trends, thus manufacturers are aiming to create items in accordance with the trends. In the future years, the carpets and rugs market is expected to benefit from rising demand for environmentally friendly carpets, growing demand for modern area rugs, and greater use of carpet tiles. In recent years, innovations have concentrated on developing products that are more environmentally friendly, multifunctional, and durable, as well as easier to install and maintain. The innovation and development in carpets and rugs are propelling the market forward.

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Increase in construction and renovation project.

The development in building activity in developed and developing nations throughout the world has raised the demand for carpets and rugs as people seek ornamental items to improve the appearance of their homes. Furthermore, carpets and rugs are frequently put in newly constructed homes due to their low cost, simplicity of installation, and appealing appearance. Residential remodeling and replacement will continue to dominate carpet and rug demand as homeowners replace older or worn carpets and rugs with newer goods that provide greater visuals or improved stain resistance.

According to europeconstruction.org, in Europe, there has been a rise of 6% in construction activities in 2021, concerning 2020. The increasing construction activities are expected to increase the sales of carpets and rugs and are expected to boost the market growth.

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Europe Carpets and Rugs Market: Segmentation Analysis

The Europe carpets and rugs market is segmented based on type, material, end-user, and region. On the basis of type, it is segmented into tufted, woven needle-punched, knotted, and others. Based on the material, it is segregated into nylon, polyester, polypropylene, and others. On the basis of type, it is segmented into residential, non-residential, and automotive & transportation. Region-wise, it is analyzed across Europe (Germany, France, the UK, Italy, Russia, Spain, and the rest of Europe).

According to Europe carpets and rugs market analysis, based on type, the woven segment gained a major share in the Europe market in 2021 and is expected to sustain its market share during the forecast period as the availability of woven carpets is higher compared to the other types of carpet and the population is highly interested in getting a hands-on experience of the woven carpets as its highly durable. In addition, the introduction of colourfully designed carpets has encouraged consumers to go for the product. Growth in the popularity and feasibility of woven carpets propels sales of carpets and rugs among the population across the globe.

According to the Europe carpets and rugs market, based on material, the nylon segment gained a major share in the Europe market in 2021 and is expected to sustain its market share during the forecast period. Nylon carpet fiber is the most prevalent, accounting for 90% of domestic carpets and 65% of all carpets. Nylon carpet fiber is an excellent choice for high-traffic areas since it is long-lasting, static-free, and resistant to soiling, discolouration, and mildew. Color is retained in nylon fibers for a longer period of time. It is available in both continuous and spun fibers. Spun yarn is created by spinning together small lengths of fiber and continuous strands are less prone to unravel.

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According to Europe carpets and rugs market trends, based on end-user, the residential segment gained a major share in the market in 2021 and is expected to sustain its market share during the forecast period. A consistent increase in disposable income and growing interest in high-quality carpets and rugs is increasing the support for the sales of carpets and rugs in the residential sector during the forecast period.

The growing consumer interest in home remodeling initiatives such as the replacement of worn or out-of-style carpets and rugs is increasing the attractiveness and sales of carpets and rugs. The installation of new upholstery increases the aesthetic and value of a property, thus, the sales of carpets in the residential sector are the highest.

On the basis of country, Germany dominated the carpets and rugs market in 2021 and is expected to remain dominant during the carpets and rugs market forecast period. The market’s supremacy is attributed in large part to customers’ extensive product knowledge and the region’s growing interest in high-quality carpets and rugs.

Germany is distinguished by a high level of disposable income, growing construction and renovation activities, and a strong demand for colourfully designed carpets and rugs. All of these factors increase the popularity of carpets and rugs in the region.

Report Scope

Feature of the Report	Details
Market Size in 2021	USD 21.73 Billion
Projected Market Size in 2030	USD 32.76 Billion
Market Size in 2022	USD 22.95 Billion
CAGR Growth Rate	4.6% CAGR
Base Year	2021
Forecast Period	2022-2030
Key Segment	By Type, Material, End-User, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Key Insights:

Based on type segmentation, the woven segment is estimated to hold the largest market share during the forecast period.
Based on material segmentation, the nylon segment is estimated to hold the largest market share during the forecast period.
Based on end-user, the residential segment is the leading revenue-generating category during the forecast period.
On the basis of geography/region, Germany was the leading revenue generator in 2021.

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Recent Development

In May 2020, Steelcase-owned Coalesse, a U.S.-based carpet manufacturer partnered with Spanish rugs company Nanimarquina to launch the Nanimarquina collection of handcrafted for domestic and commercial applications.
In April 2022, Victoria Plc the international designer, manufacturer, and distributor of innovative flooring completed the acquisition of the highly profitable and growing rugs division of Balta Group, the Belgium-based flooring company.

Regional Landscape

Throughout the projection period, the European region is likely to remain one of the most appealing regions, accounting for the bulk of market revenue. Germany stands out for its high level of disposable money, increased interest in home decorative items, and growing construction & renovation activities.

All of these reasons contribute to a greater demand for carpets and rugs. Furthermore, market development is being driven by the rise of e-commerce platforms and greater investment in distribution channels. The introduction of new handmade knotted carpets in the market is expected to entice the consumer’s interest and increase the sales of the product.

Competitive Landscape

Our report offers both quantitative and qualitative insights into the global carpets and rugs market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.

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List of the prominent players in the Europe Carpets and Rugs market:

Mohawk Industries, Inc.
Shaw Industries Group Inc.,
Inter IKEA Systems B.V.
Beaulieu International Group
Engineered Floors LLC
Taekett
Genie Carpet Manufacturers
Dixie Group, Inc.
Orientals Weavers
Tai Ping
Victoria PLC

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The Europe Carpets and Rugs market is segmented as follows:

By Type

Tufted
Woven
Needle-Punched
Knotted
Others

By Material

Nylon
Polyester
Polypropylene
Others

By End-User

Residential
Non-Residential
Automotive & Transportation

Click Here to Get a Free Sample Report of the Europe Carpets and Rugs Market @ https://www.custommarketinsights.com/report/europe-carpets-and-rugs-market/

By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

This Europe Carpets and Rugs Market Research/Analysis Report Contains Answers to the following Questions.

Which Manufacturing Technology is used for Europe Carpets and Rugs? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Key Players in This Europe Carpets and Rugs Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Market Status of the Europe Carpets and Rugs Market? What Was the Capacity, Production Value, Cost and PROFIT of the Europe Carpets and Rugs Market?
What Is the Current Market Status of the Europe Carpets and Rugs Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of the Europe Carpets and Rugs Market by Considering Applications and Types?
What Are Projections of the Europe Carpets and Rugs Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Europe Carpets and Rugs Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Europe Carpets and Rugs Industry? What are Macroeconomic Environment Analysis Results? What Are Macroeconomic Environment Development Trends?
What Are the Market Dynamics of the Europe Carpets and Rugs Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Europe Carpets and Rugs Industry?

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Reasons to Purchase Europe Carpets and Rugs Market Report

Europe Carpets and Rugs Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Europe Carpets and Rugs Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Europe Carpets and Rugs Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Europe Carpets and Rugs Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the Europe Carpets and Rug market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Europe Carpets and Rugs market analysis.

The competitive environment of current and potential participants in the Europe Carpets and Rugs market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Europe Carpets and Rugs market should find this report useful. The research will be useful to all market participants in the Europe Carpets and Rugs industry.

Managers in the Europe Carpets and Rugs sector are interested in publishing up-to-date and projected data about the worldwide Europe Carpets and Rugs market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Europe Carpets and Rugs products' market trends.

Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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