DUBLIN–(BUSINESS WIRE)–The “Europe
Carpet Market Size Analysis Report By Product (Woven, Tufted, Knotted),
By Raw Material (Nylon, Polyester, Polypropylene), By Application
(Residential, Non-residential), And Segment Forecasts, 2019 – 2025”
report has been added to ResearchAndMarkets.com’s
offering.
The Europe carpet market size is projected to reach USD 63.7 billion by
2025, according to this new report. It is anticipated to expand at a
CAGR of 3% over the forecast period. Rising expenditure on home
improvement and residential floor replacement in developed markets of
Germany and Spain is expected to fuel the demand for soft covering
flooring material, particularly carpets.
Rising environmental concerns over greenhouse gas emissions have
resulted in rising preferences for biodegradable and sustainable
products. In January 2015, Niaga established a partnership with DSM for
the development of carpet technology with 100% recycling and 95% energy
reduction processes.
Demand for nylon exceeded 325 million square meters in 2018 and is
expected to foresee significant gains owing to increased acceptance of
polyamides for providing good wear properties. Over the past few years,
companies including ROLS have increased their expenditure for
incorporating nylon.
Further key findings from the study suggest:
-
In terms of volume, the market stood at 734.7 million square meters in
2018 and is expected to reach 889 million square meters by 2025.
Growth of residential sector of Eastern European countries, including
Russia and Turkey, on account of increasing spending by builders, is
expected to promote the importance of flooring, including carpets. -
Demand for woven carpets is expected to expand at a CAGR of 2.9% from
2019 to 2025. These products are expected to account for a significant
chunk in the market on account of providing excellent mechanical
strength. -
The non-residential sector generated a demand of 283.4 million square
meters in 2018 and is expected to witness growth in light of rising
importance of carpet as good insulation material in retail outlets and
commercial offices. However, high price and low durability of soft
flooring materials as compared to ceramic as well as wood laminate
material is expected to have a negative impact on the growth. -
Spain is expected to expand at a CAGR of 2.9%, in terms of volume,
from 2019 to 2025, on account of increasing housing sector output as a
result of rising number of new housing permits in Greater Madrid. -
The Europe carpet market is highly fragmented due to presence of a
large number of manufacturers across the region. Regulatory support
intended for promoting recycling of flooring materials in Europe is
expected to result in shifting preference of manufacturers. Key
industry participants include Agnella SA, Balta Group, Brintons,
Creatuft NV, Associated Weavers International Group NV, Dekowe GmbH &
Co.KG, Fletco, and Egetpper A/S.
Companies Profiled
- Agnella S.A.
- Balta Group N.V.
- Mohawk Industries Inc.
- Brinton’s Carpets
- Creatuft N.V.
- Associated Weavers International Group
- Dekowe GmbH & Co. KG
- Fletco Carpets A/S
- Royal Carpet S.A.
- Egetapper A/S
- Teppichwerke GmbH
- Radici Pietro Industries & Brands S.p.A.
- Tarkett S.A.
- MoquetasRols S.A.
-
Birko Birlesik Koyunlu’lular Mensucat Ticaret Ve Sanayi a.s. (Koyunlu
AS) - Ruckstuhl AG
For more information about this report visit https://www.researchandmarkets.com/r/b52yp5
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Related
Topics: Household
