Report ID: SQMIR25F2067
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 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.
Europe Carpet Market Report Snapshots
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