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

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.