Europe Carpet Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 To 2031

Europe Carpet Market is Expected to Grow at 4.2% by 2031. The Growing expenditure on infrastructure growth in Germany owing to growing amount of building stocks that includes apartments is predicted to support and enhance the demand in housing interiors during the estimated period.

Carpets are utilized in industrial sectors, residential sectors and commercial sectors owing to its properties like dust binding properties and noise minimizing properties. They are also available in range of volumes and can be utilized to cover a floor section. These carpets are also utilized to cover the walls specifically in logistic transport. Further, integration of decorative characteristics comprising of Persian and Turkish paintings by carpet producers is predicted to support their utilization at residences.

Carpeting substances are utilized in wall covering and flooring of commercial & defense aircrafts as they offer long life, comfort and aesthetic features to these aircrafts. Development of aviation segment of Europe owing to growing spending by NATO nations on manufacturing defense aircrafts is predicted to play a vital role in growing the size of the Europe carpet market. Growing reputation of laminate flooring substances and wood in business & residential uses due to its high durability property is predicted to hinder the demand and growth of the Europe carpet market.

Growing consciousness about the advantages of using eco-friendly substances in floor covering production is predicted to create new avenues for growth and expansion of the Europe carpet market in future. Carpets are advertised through internet shopping and catalogs along with furniture stores & few department stores that maintains carpets department. Big box discount stores and home centers are predicted to remain important channels for running promotional activities and events.

Europe Carpet Market By Raw Materials:

The Europe carpet market by raw materials is divided into nylon, polypropylene and polyester.

Nylon was the key raw material utilized by large chunk of population of Europe. Nylon contributed about 40% to the total share of the Europe carpet market during year 2014 in terms of volume. Producers are predicted to continue with use of nylon as a raw material owing to its exceptional resistance to oil and outstanding retention of texture.

Polyester is predicted to experience good growth during the forecasted period in terms of volume. The reason for this growth being its lower costs in comparison to other raw materials.

The demand for polypropylene crossed 159.59 million square meters during year 2014. It is included as a raw material for producing flooring substances owing to its good bleaching characteristics/features. Other raw substances like yarn, wool and cotton are predicted to produce more than 94.6 million square meters of industry size by the end of the estimated period.

Europe Carpet Market By Product:

The Europe carpet market by products is divided into knotted carpets, woven carpets and tufted carpets.

Tufted carpets led the Europe carpet market during year 2014. It contributed about more than 40% to the total market share of the Europe carpet market during year 2014 in terms of volume. Adhesives as well as other pigment substances are used in these carpets to increase the mechanical strength of the fiber. Further, these carpets can be shaped into various shapes and textures. This provides a way for producers to create these items.

Knotted carpets are predicted to observe rapid growth during the estimated period in terms of volume due to their high durability property as compare to other products. During last few years, technical modernization for the growth of these products is predicted to create new avenues for the business in the European market. These novel and innovative technological breakthroughs and advancements will minimize the lead time and this aspect is going to contribute towards the demand, growth and expansion of the Europe carpet market in future.

Europe Carpet Market By Application:

The Europe carpet market by application is divided into non residential and residential applications.

Residential applications section accounted for more than 50% to the total share of the European market during year 2014 in terms of size. It is predicted to experience heavy growth and expansion due to enhancement in housing segment of countries like Russia and Turkey of European continent. High industrial visibility of soft flooring items owing to its good insulation features is predicted to positively affect the Europe carpet market.

Key presence of strategic business units of pharmaceutical & chemical industries in European countries like UK, Germany, Spain, France and Russia is anticipated to propel the demand and growth of the Europe carpet market. The reason for this being the heavy utilization of carpets as flooring substances in production units, commercial firms and non residential offices across Europe.

Improved aesthetics and insulation properties of these carpets has led to its extensive use in commercial, nonresidential and industrial sectors in Europe in last few years. This trend is predicted to continue in coming years.

Other applications of the Europe carpet market include automobile applications and aerospace applications. Both these applications combined contributed about more than 30 million square meters to the total share of the application section of Europe carpet market in terms of volume during year 2014. Growth of the automobile section in countries like UK, Germany and Spain owing to its enhanced domestic use is projected to increase the use of flooring substance in interiors of vehicle during the estimated span.

Europe Carpet Market By Country:

Germany was the biggest contributor to the total market share of the Europe carpet market During year 2014. In this year, it contributed about more than 25% to the total market share of the European market in terms of volume. Improved infrastructure facilities comprising of commercial offices, rented buildings, residential flats and manufacturing sites in Germany is predicted to lead to its further dominance of the Europe carpet market in future.

UK used more than 99.6 million square meters of the carpet during year 2014. It is predicted to face competition due to its growing property costs and real estate or land costs leading to slow growth of the building & construction sector in the country.

Lucrative business growth and market growth avenues available in the building & construction sector in Eastern European nations like Russia and Turkey is predicted to fuel the growth & expansion of the Europe carpet market.

Current carpet producers in turkey are predicted to experience growth in their sales and revenues owing to the improved infrastructure growth observed in the country during last few years.

Competitive Landscape

Key market players involved in the carpet business in Europe and included in the Europe carpet market report are as follows:

Agnella S.A., Balta Group N.V., Mohawk Industries Inc., Brinton's Carpets, Creatuft NV, Associated Weavers International Group, Dekowe GmbH & Co.KG, Fletco Carpets A/S, Royal Carpet SA, Egetapper A/S, Teppichwerke GmbH, Radici Pietro Industries & Brands S.p.A., Tarkett SA, MoquetasRols SA, Birko Birlesik Koyunlu'lular Mensucat Ticaret Ve Sanayi a.s. (Koyunlu AS), Ruckstuhl AG And Other Notable Players.

Historical & Forecast Period

This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2031.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Europe Carpet market are as follows:

• Research and development budgets of manufacturers and government spending

• Revenues of key companies in the market segment

• Number of end users and consumption volume, price and value.

Geographical revenues generate by countries considered in the report:

Micro and macro environment factors that are currently influencing the Europe Carpet market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Market Segmentation

Raw Material

• Nylon
• Polyester
• Polypropylene
• Others

Product

• Woven
• Tufted
• Knotted
• Others

Application

• Residential
• Non-Residential
• Others

Region Segment (2021-2031; US$ Million)

• North America
  • U.S.
  • Canada
  • Rest of North America

• UK and European Union
  • UK
  • Germany
  • Spain
  • Italy
  • France
  • Rest of Europe

• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific

• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

• Middle East and Africa
  • GCC
  • Africa
  • Rest of Middle East and Africa

Key questions answered in this report:

• What are the key micro and macro environmental factors that are impacting the growth of Europe Carpet market?

• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?

• Estimated forecast and market projections up to 2031.

• Which segment accounts for the fastest CAGR during the forecast period?

• Which market segment holds a larger market share and why?

• Are low and middle-income economies investing in the Europe Carpet market?

• Which is the largest regional market for Europe Carpet market?

• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?

• Which are the key trends driving Europe Carpet market growth?

• Who are the key competitors and what are their key strategies to enhance their market presence in the Europe Carpet market worldwide?