Report ID: SQMIR25F2067
Report ID:
SQMIR25F2067 |
Region:
Regional |
Published Date: February, 2024
Pages:
223
|
Tables:
92 |
Figures:
76
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.
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Report ID: SQMIR25F2067