Transparency Market Research, a leading research intelligence firm, provides an exhaustive overview of the prevailing market dynamics of the global carpets and rugs market in its report, titled “Carpets And Rugs Market - Global Industry Size, Share, Trends, Analysis, And Forecasts 2012 – 2018.” It presents insights into the primary drivers and restraints impacting the market’s overall growth trajectory.
In the last few decades, the carpets and rugs market has carved a niche for itself in the home décor segment. Carpets and rugs are used for their aesthetic and functional attributes alike. Apart from covering floors and lending a protective layer on floors, carpets and rugs are also used to aesthetically improve the overall appeal of the home or office décor. In countries predominantly experiencing cold climate, carpets and rugs are used to keep the floor warm.
Until a couple of decades ago, developed countries exhibited the highest demand for rugs and carpets. However, this trend has significantly changed over the last few years, with consumers from developing regions increasingly spending on rugs and carpets to enhance the décor of their home or office space as well.
The demand for carpets and rugs is directly affected by the prevailing economic conditions worldwide. Hence, with the easing of the economic crisis, the market for carpets and rugs is anticipated to witness renewed demand from developed countries. The market further gains impetus from the rapidly rising construction activities in emerging economies, which have fuelled the demand for floor and wall coverings and construction materials.
Being a segment within the larger floor and wall covering industry, which also comprises other floor coverings and hard floor coverings, the rising demand for hard floor coverings and materials can dent the market for rugs and carpets. Nevertheless, with people around the world enjoying increasing disposable incomes, the segments of the carpets market such as tufted carpets, woven carpets, and others are experiencing a substantial surge in demand.
Development in research and manufacturing technologies primarily creates opportunities for the carpets and rugs market. The growing awareness about the benefits of using environment-friendly materials in rugs and carpets manufacturing will also prove profitable for companies capitalizing on them.
To provide a comprehensive overview of the prevailing competitive landscape, the report also profiles some of the Most Prominent Companies operating in the market. Some of the companies profiled in the report are Armstrong World Industries Inc., Abbey Carpet, Couristan Inc., Amoco Fabrics and Fiber Co., Burlington Industries Inc., Beaulieu Industries Inc., Honeywell Inc., Foamex International Inc., Home Depot Inc., Interface Flooring Systems Inc., and IKEA International Inc.
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