USD 50.43 billion
Europe Carpet Market Size, Share, Growth Analysis, By Raw Material(Nylon, Polyester, Propylene, and Others), By Product(Woven, Tufted, Knotted, and Others), By Application(Residential, Non-residential, and Others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR25F2067 |
Region:
Regional |
Published Date: February, 2024
Pages:
223
|Tables:
92
|Figures:
76
Europe Carpet Market Insights
Europe Carpet Market size was valued at USD 50.43 billion in 2021 and is poised to grow from USD 52.60 billion in 2022 to USD 73.89 billion by 2030, at a CAGR of 4.3% during the forecast period (2023-2030).
Growing demand for tufted carpet is predicted to boost the market in a number of applications, including residential, non-residential, and others, in developing nations like Germany, the United Kingdom, France, and Spain. Additionally, the market for homes is anticipated to benefit from an increase in demand for residential construction due to the high market awareness of products with superior insulating qualities, such as floor insulation.
The COVID-19 global epidemic had a negative influence on trade relations between significant actors from many industries in Europe. The European economy was significantly impacted by the sudden COVID-19 outbreak in 2020. Local governments were compelled to enact lockdowns and enforce movement restrictions due to the disease's high contagiousness.
The largest market share contributor is anticipated to be Germany. Germany is predicted to dominate the European market in the forecast period due to significant upgrades in infrastructure, including commercial offices, manufacturing facilities, and residential buildings. Due to the affordability and simplicity of installation, polyester is anticipated to grow at a faster rate than nylon. These are often employed in places like residential structures and business buildings.
Residential building is anticipated to grow rapidly due to an increase in immigrants, low lending rates, and rising per capita income. The demand for new housing colonies is being driven by the rising immigrant population in Germany. It is becoming more difficult for the poor and middle classes to buy property due to rising demand, which is contributing to price pressure in the housing sector, particularly in metro areas. To combat growing costs and a housing shortage, the government launched the Housing Construction Campaign. Over the anticipated period, this is anticipated to help the growth.
The companies' manufactured goods are distributed through a variety of channels, such as direct supply agreements as well as third-party vendors, that not only buy the goods from the producers but also distribute them all over the world through a vast product distribution network. Many industries, including the textile, automotive, & military supply sectors, are served by the vendors' products.
The top producers of carpet in Europe include Mohawk Industries, Brintons Carpet, Tarkett SAS, Radici Pietro Industries, & Balta Group. As a result of the prominent nature of the production volume, it is anticipated that these enterprises will account for a significant portion of the product's manufacturing and sales. The main players in the manufacture of raw materials for the European carpet market include Toray Group, Reliance Industries Limited, W. Barnet GmbH & Co.KG, BASF, Arkema, & Braskem. To achieve high output and higher yielding quality, many businesses use processes that are more effective.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
4.3% CAGR
Global Europe Carpet Market ($ Bn)
Country Share for Western Europe Region (%)
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Europe Carpet Market Segmental Analysis
The Europe carpet market is segmented on the basis of raw material, and region. Based on raw material the market is segmented into nylon, polyester, propylene, and others. Based on product the market is segmented into woven, tufted, knotted, and others. Based on application the market is segmented into residential, non-residential, others. Based on region the Europe Carpet Market is segmented into Western Europe, Eastern Europe, Northern Europe, Southern Europe, and Central Europe.
Analysis By Raw Material
In the Europe carpet market, nylon became the leading raw material category in 2022, and it is anticipated that it will continue to dominate with a CAGR of 3.0% throughout the course of the forecast period. Due to its great texture retention and good dirt resistance, nylon was a frequently employed raw material for manufacturing during the projected period. When creating finished goods, manufacturers use nylon in the forms of nylon-6 and nylon-66.
The increase in polyester carpet sales in Europe will occur during the predicted time period at a CAGR of 3.5%. Polyester has largely supplanted nylon in residential applications in recent years because of its lower cost when compared to other raw materials. Due to technological improvements that have resulted in a significant transition from nylon to polyester, both large and small mills are now advancing their specific construction activities with polyester.
Due to the expansion of the synthetic fiber and nonwoven industries, polypropylene carpet is anticipated to develop significantly in volume over the course of the projection year. These may often be cleaned with bleach in domestic locations where pets and kids frequently utilize the flooring. This is one of the key reasons why people choose propylene carpets over wool-based carpets since they offer a distinct cleaning advantage.
Analysis by Product
The best carpets now produced are woven carpets that are employed in important installations. The main countries importing hand-woven carpets are Germany, Denmark, and the United Kingdom. There is still room for new providers in the developing European market of woven carpets. The supply of goods to Europe increased significantly in a number of other developing nations. In the top importing nations—Denmark, Germany, and the United Kingdom—woven carpet providers from emerging nations are anticipated to perform strongly over the projected period.
Tufted carpet held a 49.52 percent market share in Europe in 2022 and is predicted to continue to do so due to its affordability in both home and commercial settings. As of 2018, tufted carpets make up one-fifth of all floor coverings used in the area. These are composed of a number of yarn fibers that are punctured through a needle and fabric to give them a tufted appearance, and they are utilized for wall-to-wall carpet flooring applications.
Due to their higher durability compared to their competitors, the knotted carpets product segment is predicted to increase at the quickest rate in the near future. These enhance the interior design of homes while also offering comfort and softness. Due to their more expensive manufacturing technique, tufted and woven carpets are thought to be slightly more affordable than knotted carpets. They also have a laborious and protracted manufacturing procedure. Carpets that have been hand-knotted contain finer intricacies, better wool, and require more difficult activities.
Global Carpet Market ByApplication
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Europe Carpet Market Regional Insights
Germany holds a 23.60% market share in 2022 and is projected to grow at a CAGR of 3.4% during the predicted period. Due to the economic recession brought on by the Eurozone crisis, the building industry in Germany had limited growth up until 2015. This led to low investor confidence and a fall in construction activity throughout the nation. As a result, the German market likewise suffered a serious setback. The European market, however, is anticipated to experience modest expansion in the upcoming years due to the continent's slow economic recovery and increased company confidence.
The U.K. is expected to experience significant volume growth as a result of the expansion in the building industry, particularly in the housing prices, which exhibited stagnant growth. Due to the rise in demand for car manufacture, the UK has also seen a significant expansion in the automotive sector within the EU. The market is anticipated to have a reduction in demand for carpet in flooring applications in the projected period due to the slow expansion of the building sector in the United Kingdom and also because of the rising cost of real estate.
Global Europe Carpet Market By Geography
- Largest
- Fastest
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Europe Carpet Market Dynamics
Drivers
Growing Awareness about Environmental Sustainability
- The preference for eco-friendly and sustainable products has increased in recent years. Carpets made from recycled materials or using environmentally friendly manufacturing processes are gaining popularity.
Restraints
High Competition from Alternative Flooring Options
- Carpets face competition from other flooring options such as hardwood, vinyl, and laminate, which offer durability and easy maintenance.
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Europe Carpet Market Competitive Landscape
In order to increase the market share of manufacturers, the industry is characterized by joint venture expansion, mergers, and acquisitions, as well as a substantial distribution. With an increase in carpet demand in Europe's residential and commercial sectors, the industry is expected to expand.
Companies have made significant investments in R&D projects in order to manufacture the goods, creating volatile market conditions. Players like Mohawk Industries and Balta Group have recently invested a lot of R&D resources into improving their products in an effort to gain a firm foothold in the market.
Major firms, through domestic and foreign projects, have a sizable revenue market share. To increase their market share in the industry, the corporations engage in mergers and acquisitions.
Top Player’s Company Profiles
- Agnella S.A.
- Balta Group N.V.
- Mohawk Industries Inc.
- Brintons Carpets
- Creatuft NV
- Associated Weavers International Group
- Dekowe GmbH & Co.KG
- Fletco Carpets A/S
- Royal Carpet SA
- Egetaepper A/S
- Teppichwerke GmbH
- Radici Pietro Industries & Brands S.p.A.
- Tarkett SA
- MoquetasRols SA
- Birko Birleşik Koyunlulular Mensucat Ticaret Ve Sanayi a.s. (Koyunlu AS)
- Ruckstuhl AG
- Cormar Carpets
- Fletco Carpets
- Kasthall
- Radici Group
Recent Developments
- In April 2022, in order to satisfy anticipated market demands, Milliken & Company acquired Zebra-chem GmbH in March and increased its capacity and facilities. Zebra-chem, a specialty compounder and chemicals company, creates additive and blowing agent concentrates for polyolefins, PVC, and engineering thermoplastics. The extension will enable Milliken to boost production at the Bad Bentheim factory by 60% by the end of 2022.
Europe Carpet Key Market Trends
- Sustainability and Eco-friendly Products: There is a growing trend towards sustainable and eco-friendly carpets in the market. Consumers are increasingly concerned about the environmental impact of their purchases and are seeking carpets made from recycled materials, natural fibers, and with low VOC (volatile organic compounds) emissions.
- Innovative Designs and Patterns: Carpets are no longer limited to traditional designs and patterns. There is a rising demand for carpets with innovative designs, colors, and patterns that can enhance the aesthetic appeal of spaces. Manufacturers are focusing on creating unique and customizable options to cater to the diverse preferences of customers.
- Luxury and High-end Carpets: The demand for luxury and high-end carpets is on the rise, driven by affluent consumers and the hospitality industry. These carpets are known for their premium quality, intricate designs, and superior craftsmanship. The market is witnessing the introduction of luxurious materials and finishes to cater to this demand.
- Online Retail and E-commerce: The growth of e-commerce has significantly impacted the carpet market. Online retail channels offer a wide range of carpet options, convenient shopping experiences, and competitive pricing. Consumers are increasingly comfortable with purchasing carpets online, which has contributed to the market's expansion.
Europe Carpet Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our europe carpet market analysis, the growing demand for tufted carpet is predicted to boost the market in a number of applications, including residential, non-residential, and others, in developing nations like Germany, the United Kingdom, France, and Spain. Additionally, the market for homes is anticipated to benefit from an increase in demand for residential construction due to the high market awareness of products with superior insulating qualities, such as floor insulation.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 50.43 billion |
| Market size value in 2030 | USD 73.89 billion |
| Growth Rate | 4.3% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Europe Carpet Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Europe Carpet Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Europe Carpet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Europe Carpet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Europe Carpet Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Europe Carpet Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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