Global Carpets and Rugs Market: Overview
Rugs and carpets are any decorative textile that is usually made of a thick material. It is now generally used as a covering for floor. The global carpets and rugs market is likely to observe considerable growth over the period of assessment due to growing interest in the product for interior decoration.
The future of the global carpets and rugs market looks lucrative with opportunities in the transportation, non-residential, and residential segments. One of the major factors driving the growth of the global carpets and rugs market is the expansion of the transportation and construction industries. Consumers are making a move toward non-geometrical designer patterns and attractive bold colors in carpets and rugs, which is likely to drive the global carpets and rugs market in the coming years.
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Type, material, application, distribution channel, and region are the five key parameters based on which the global carpets and rugs market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.
Global Carpets and Rugs Market: Notable Developments
One of the developments that offer a glimpse of the market dynamics about the global carpets and rugs market is mentioned below:
- In July 2018, US-based Mohawk Industries, Inc. has made acquisition of Godfrey Hirst Group. The latter is a prominent flooring company in New Zealand and Australia. Godfrey Hirst is one of the prominent vertically integrated flooring operation in New Zealand and Australia. It provides hard surface, modular carpet, and broadloom products for both commercial and residential applications. The acquisition is likely to reinforce the leading position of Mohawk Industries across the globe.
Some well-known organizations in the global carpets and rugs market comprise the below-mentioned:
- Mohawk Industries Inc.
- Tarkett SA
- Tai Ping Carpets International Limited
- IKEA International Inc
- Amoco Fabrics and Fiber Co
- The Dixie Group Inc
Global Carpets and Rugs Market: Notable Developments
One of the developments that offer a glimpse of the market dynamics about the global carpets and rugs market is mentioned below:
- In July 2018, US-based Mohawk Industries, Inc. has made acquisition of Godfrey Hirst Group. The latter is a prominent flooring company in New Zealand and Australia. Godfrey Hirst is one of the prominent vertically integrated flooring operation in New Zealand and Australia. It provides hard surface, modular carpet, and broadloom products for both commercial and residential applications. The acquisition is likely to reinforce the leading position of Mohawk Industries across the globe.
Some well-known organizations in the global carpets and rugs market comprise the below-mentioned:
- Mohawk Industries Inc.
- Tarkett SA
- Tai Ping Carpets International Limited
- IKEA International Inc
- Amoco Fabrics and Fiber Co
- The Dixie Group Inc
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Regional Analysis Includes-
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa (MEA)
Reports Highlights:
- A detailed overview of parent market
- Changing fruit tray market dynamics in the industry
- In-depth fruit tray market segmentation
- Historical, current, and projected market size regarding volume and value
- Recent industry trends and developments in the fruit tray market
- Competitive landscape
- Strategies for key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for players to sustain and enhance their market footprint
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
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The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
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