Market Trends of Europe Carpet and Rugs Industry
This section covers the major market trends shaping the Europe Carpet & Rugs Market according to our research experts:
Germany Accounts for a Major Percentage of the Market Share in the Region
Germany is one of the largest contributors of rugs and carpets to the overall market share. Significant improvements in infrastructure, such as commercial and 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 the construction of housing units and commercial spaces. In addition, Germany is one of the key players in the automotive and aerospace industry. This industry is 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 carpet 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. Tufted carpets are easily installed in newly constructed residential areas and their advantages include a reasonable price, good aesthetics, and ease of installation.
