28 September 2020
Visiongain has launched a new report Europe Carpet Market Report: Forecasts by Form (Woven, Tufted, Knotted), Application (Residential, Non-residential, Others), and Geography, and Profiles of Leading Companies.
European carpet market accounted for a market revenue of more than USD x billion in 2020 and is projected to grow at a CGAR of more than xx% over the forecast period. Growing application in the residential and non-residential industries is projected to positively influence growth as a result of the high visibility of the market in soft flooring products and good insulation properties, including floor insulation.
Such strong woven tapestries are made either manually or by a computer, but the same techniques typically apply to both processes. One of the trends behind this growing market is the transformed interest in handmade woven goods. In the next few years, strong demand in European countries in residential and non-residential applications would raise product needs. Moreover, the market for handmade teapots and tapestries will remain exclusively strong, so the industry is expected to expand in the coming months.
One of the main factors in the industry is growing demand for recycled polyester fiber. Purchasers are increasingly preferring sustainable goods made of reused materials. Growing understanding of ecological security is a significant contributor to the market for sustainable textiles. The market for product is further augmented by accessibility of sustainable clothing in a range of vibrant colors, appealing prints and elegant designs.
The automotive industry in Germany is the biggest in Europe and the leading place for creative car producers and suppliers worldwide. The production of aircraft in Germany is steadily rising, and chances are projected to grow in the next century. Residential tapestry demand is likely to show high growth, given the increasing double-digit rate of housing completion in the near future. Due to the consumer's trend to replace the old carpet with the new one, the residential substitution segment will be seen to rise.
Key players include 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.
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