Rise In Residential And Commercial Construction Globally Is Expected To Drive The Carpet And Rugs Market Growth

  • According to the new market research report “Carpets and Rugs Market by Material (Natural, Synthetic) by Application (Construction, Automotive, Aerospace, Others) by Region (Asia Pacific, North America, Europe, Middle East & Africa, South America) — Global Forecast From 2020 To 2025, the global carpets and rugs market is estimated to reach USD 126.2 Billion in 2027 at a CAGR of 3.8% during the forecast period 2020–2027.
  • Growing residential construction activities across the globe with increasing demand for automotive vehicles is expected to drive the global carpets and rugs market.
  • The growth of the market is mainly hampered due to increasing preference towards decorative flooring.
  • Growing residential construction owing to rise in global population, ongoing trend of nuclear families with increase spending on enhancing home décor is projected to drive the market growth
  • Rise in demand for automotive vehicles especially electric vehicles owing rising concerns regarding environmental degradation is expected to fuel the growth of this market
  • However, the market growth is restrained by the rising consumer preference towards decorative flooring.
  • Recycling of carpets and rugs in emerging economies to minimize the health and environmental hazards associated with incineration is projected to escalate the market growth uphill in the forecast period.
  • Asia-Pacific
  • Europe
  • Shaw Industries Group, Inc.:
  • Tarkett:

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Real life utility NFT? Yes! You found it!

Moira Capital Partners invests $18 million in Voovio Technologies

The T-Mobile Sprint Merger

Why Are Alibaba, Tencent, NetEase, and Baidu Joining the NFT Craze?

My opinion on Google’s $36 (₦13K) phone

What Businesses Are Flourishing During The Pandemic?

My Interview with Brenton Evans, GM at Audi Richmond

Trends in Philanthropy in 2021

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DataBridge Market Research

DataBridge Market Research

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach

More from Medium

SUPERBOWL SUNDAY POWERED BY INERTIA

Physix: Open Source CryptoSapiens

Some thoughts after proposal 5 and 6