Europe Carpet Market Size Is Predicted To Reach A Valuation Of $60.31 Billion By 2022: Grand View Research, Inc.

October 11 17:11 2018

Grand View Research, Inc. – Market Research And Consulting.
According to report by Grand View Research, Inc. Europe carpet market is expected to reach USD 60.31 billion by 2022. Growing expenditure on infrastructure development can drive the market during the forecast period.

As per the report published by Grand View Research, Inc.; the Europe carpet market is likely to reach around USD 60.31 billion by 2022. Growing expenditure on infrastructure development can drive the market during the forecast period (2012 to 2022). Growing demand for interior decoration in commercial and residential buildings is anticipated to boost product demand in the forthcoming years.

Carpets are extensively utilized in a wide range of applications due to their durability and noise reduction and dust binding properties. Rising use in commercial and defense aircrafts and automation sector is anticipated to propel market growth. Carpets are used to enhance aesthetics and decorate interiors of logistic transportation. This factor is expected to positively influence market growth over the forecast period.

Furthermore, growing concerns regarding green gas emissions has encouraged adoption of sustainable and biodegradable products. Thus, growing awareness about advantages of environment-friendly materials in floor covering manufacturing is anticipated to create more opportunities for growth in the market.

The Europe carpet market can be segmented on the basis of raw material, product, application, and region. Based on raw material, the market can be bifurcated into nylon, polyester, polypropylene, and others. In 2014, nylon accounted around 40% of total market share in terms of volume. The manufacturers are likely to continue using this material due to its greater oil resistance and exceptional texture retention. In terms of volume, polyester segment is projected to expand at a CAGR of 3.6% from 2015 to 2022. This growth can be ascribed to its low prices compared to other materials. Polypropylene is used in making of flooring materials due to its outstanding bleaching properties. Other raw materials such as cotton, wool, and yarn are anticipated to make over 95 million square meters of market volume by 2022.

Full Research Report On Europe Carpet Market Analysis: www.grandviewresearch.com/industry-analysis/europe-carpet-market-analysis

UK carpet demand, by raw material, 2012-2022, (Million Square Meters)

UK carpet demand, by raw material, 2012-2022, (Million Square Meters)

On the basis of product, the market for carpets can be categorized into woven, tufted, knotted, and others. In terms of volume, the woven segment is anticipated to expand at a CAGR of 2.5% over the forecast period due to their excellent mechanical strength. In 2014, the tufted segment occupied over 40% of the Europe market share in terms of volume. They can be molded in distinct textures with the help of adhesives and other materials. In terms of volume, the knotted segment is anticipated to expand at the fastest CAGR of 3.6% during the forecast period. Technological advancements for enhanced durability and reduced lead time due to the use of mechanical looms can drive the growth.

On the basis of application, the market can be split into residential, non-residential, and others. In 2014, the residential segment held over 50% of the market share in terms of volume. The segment is anticipated to display strong growth over the forecast period due to development of the housing sector in Russia and Turkey. In 2014, the non-residential sector witnessed demand of over 250.0 million square meters. The segment is projected to showcase high growth due to rising adoption of carpet as decent insulation material in commercial offices and retail outlets. However, low durability and high price of soft flooring materials as compared to ceramic and wood laminate material can negatively impact expansion.

Browse More Reports Of This Category By Grand View Research At: www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

Geographically, the market can be divided into United Kingdom, France, Germany, Spain, and Rest of Europe (RoE). In 2014, Germany dominated the market and captured over 25% volume share. It is expected to continue its dominance in the forthcoming years due to the presence of established infrastructure such as manufacturing sites, residential buildings, and commercial offices. In terms of volume, Spain is anticipated to expand at a CAGR of 2.6% from 2015 to 2022. This growth can be accredited to growing housing sector in the country.

In 2016, U.K. utilized over 100 million square meters of carpets. The country is likely to witness decline due to escalating property prices as a result of steady growth of construction sector. Eastern European countries such as Russia and Turkey are anticipated to register significant CAGR due to rising opportunities from construction industry. Infrastructure development in Turkey is also likely to aid manufacturers to increase their sales.

Leading companies operating in the Europe Carpet market include Agnella SA, Associated Weavers International Group NV, Radici Pietro Industries & Brands S.p.A., Ruckstuhl AG, and Primrose Mill Carpets, Ltd.

Grand View Research has segmented the Europe carpet market by raw material, product, application and region:

Raw Material Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2022)

  • Nylon

  • Polyester

  • Polypropylene

  • Others

Product Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2022)

  • Woven

  • Tufted

  • Knotted

  • Others

Application Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2022)

  • Residential

  • Non-residential

  • Others

Country Outlook (Volume, Million Square Meters; Revenue, USD Million, 2012 – 2022)

  • Germany

  • UK

  • France

  • Spain

  • Rest of Europe (ROE)

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About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

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