Carpet and Rugs Market To Reach USD 138.44 Billion By 2026
Market Summary The rising consumer inclination towards interior decoration and growing disposable income is propelling the market growth. Market Size – USD 96.72 Billion in 2018, Market Growth - CAGR of 4.5%, Market Trends – Rapid urbanization in developing nations. New York, Aug 27, 2019 - The Global Carpets and Rugs market is forecast to reach USD 138.44 Billion by 2026, according to a new report by Reports and Data. The growing popularity of interior decoration among consumers and increase in the adoption of eco-friendly, biodegradable, and natural product such as jute will drive the market in the coming years. Further key findings from the report suggest : • •
Specialty stores held a market share of 27.9% in the year 2018. These market specializes in different variety of carpets and rugs and offers more detailed advice in terms of interiors than other places. North America held the largest market share and is forecasted to grow with a CAGR of 4.7% during the forecast period. The region has a high rate of innovation, which helps in propelling market growth. High disposable income translates into a high level of investment in décor and comfort. www.reportsanddata.com
Key Players: Victoria Plc., Tarkett S.A., Ikea Group, Interface Inc., Mohawk Industries, Inc., Milliken & Company, Oriental Weavers, Dixie Group Incorporation, Tai Ping Carpets International Limited, and Home Depot Inc., among others. Segmentation: • Type Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026) Woven Carpet and Rugs Knotted Carpet and Rugs Needle-punched Carpet and Rugs Tufted Carpet and Rugs Others • Applications Outlook (Volume, Thousand Units; Revenue, USD Billion; 2016-2026) Residential Commercial Others www.reportsanddata.com
Regional Carpet and Rugs Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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