Europe Carpet Market

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 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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FAQs

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).

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. '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'

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.

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.

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.

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Europe Carpet Market

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