Market Research Report
Europe Carpet and Rugs Market - Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence Pvt Ltd||Product code||937878|
|Published||Content info||150 Pages
Delivery time: 2-3 business days
|Europe Carpet and Rugs Market - Growth, Trends, and Forecasts (2020 - 2025)|
|Published: August 1, 2020||Content info: 150 Pages||
The European carpet and rugs market is expected to witness strong growth in the forecast period. Some of the major factors positively impacting the strong growth of the market include rising demand for rugs and carpets in residential and non-residential sectors due to its high market visibility for soft flooring products and good insulation properties, such as floor insulation. Furthermore, the growth of the residential sector of Eastern European countries, such as Russia and Turkey, on account of increasing spending by builders, is expected to increase the demand for flooring, including carpets and rugs in the forecast period.
Europe is the second-largest market for carpet after the United States Carpet, which accounts for nearly 40% of the total European floor covering market. The majority of European carpet is produced in Belgium - with 96% of its carpet being exported. Germany has the largest demand for carpet in Europe, followed by France, the United Kingdom, Italy, and Spain.
Europe meets a lot of its demand for rugs from other countries. Germany, the United Kingdom, and Denmark are the largest importers of hand-woven rugs in Europe.
The region is witnessing some rising trends, such as an increase in demand for eco-friendly carpets, a growing acceptance of carpet tiles, and an inclination towards contemporary surface rugs, which shifting the dynamics of the European rugs and carpet market. Moreover, the demand for high-quality handmade carpets and rugs is increasing, which is expected to propel the market growth further in the forecast period.
Germany Accounts for a Major Percentage of the Market Share in the Region
Germany is one of the largest contributors of rugs and carpet to the overall market share. Significant improvements in infrastructure, such as commercial offices, production sites, and an increase in residential real estate in the country, are some major reasons for the growth of carpets and rugs in Germany.
The residential sector is likely to witness high growth in Germany due to an increase in construction in housing units as well as commercial spaces. In addition, Germany is one of the key players in the automotive and aerospace industry, which is also witnessing an increase in the domestic use of carpets or rugs in their vehicle interiors, which is expected to fuel the market demand further during the forecast period.
Tufted Carpets Dominate the Market
Tufted carpets are witnessing the highest demand in the carpets category in the region. Adhesives and other pigment materials are used in tufted carpets to enhance the mechanical strength of the fiber. Furthermore, these carpets can be molded into different textures and sizes, which, in turn, are expected to have a positive impact on the growth of their demand. Demand for tufted carpets is significant in the residential application on account of rising housing completions at a strong growth rate. The tufted Carpets can be easily installed in newly constructed residential places, and some of their differential features include reasonable cost, favorable aesthetics, and ease of installation.
The European carpet and rugs market is highly fragmented as the market consists of multiple smaller players, such as Balta Group, Associated Weavers, Egetaepper AS, Tarkett/Desso, Milliken, Balsan, and Burnmatex. Companies have invested heavily in R&D activities in the production of the product, resulting in dynamic market conditions. In recent times, significant R&D activities aimed at enhancing products have been undertaken by players, such as Mohawk Industries and the Balta Group, to have a strong position in the industry.