Flooring comprises a larger part of the construction and building industry and makes a market that has been profitable for several decades. Therefore, a growing number of players have been building a foray into the flooring carpet market globally, mostly when the entry barriers are not that high, and making the competitive landscape fragmented. The carpet flooring market is projected to increase at a global level owing to demand in established areas will be a rebound in the residential construction market in many countries especially in the U.S. In most of the developing counties, increase of per capita income and rising of building construction is expected to spur the demand and let households to afford more exclusive floor coverings. The demand for vinyl flooring is also anticipated to increase owing to its top-quality resilient characteristics with double qualities that are progressively tough to differentiate from a wood plank, ceramic tile, and stone. Carpet is predicted to be a market leader in the future as it accounts for more than 60 percent of retail flooring sales in European countries. The recent trend demonstrates the variation of the carpet, which is amazing. Colors, pattern, interesting cuts, design the whole feel of the material. There are more choices than ever.
Insulation is a critical parameter for flooring as it helps in reducing the amount of heat lost through ground floors and walls. Furthermore, insulation is important in building structures, especially in extremely cold regions. Moreover, it aids in lowering the energy costs of the structures where insulation is used in the structure. The rising need for comfort and privacy owing to noisier surroundings has stimulated the demand for insulation across the flooring market. Ventilated floors are used as a facade in buildings, whereas intermediate floors are used as insulating material against noise in floors. The aforementioned factors have resulted in the growing demand for insulation and impacted the flooring market positively The growing demand for insulation in residential and non-residential applications on account of rising energy costs and the growing importance of energy conservation is expected to drive market growth over the forecast period. Government initiatives to promote sustainable development through insulation technologies are expected to further complement the market growth.
The carpet industry sustained its retrieval from The Great Recession in 2016. Though growth rates light in with comparison to the mid-2000s primes, the industry continued to post stable gains across the board last year with increases of 5.1% in dollars and 3.8% in volume. This comes on the heels of 4.4% growth in dollars and 3.2% in volume in 2015; 3.6% growth in dollars and 1.8% in volume in. 2016’s statistics represent the increase in the seventh following year of growth in dollars and an increase in the fifth conventional year of volume. The abovementioned graph indicates the total flooring sales of 2016 which was USD 21.174 billion and 19.13 billion square feet. Although the industry reached the top in 2006, when sales of USD 24.175 billion and 26.36 billion square feet, it has increased much of what was lost. The industry-low point came in 2009 when sales bottomed out at USD 16.189 billion and 16.625 billion square feet (in 2010). Since that time, the industry is almost 31% in dollars and 15% in volume. The current trend is stating that dollars are growing faster than volume. Consumers buying more expensive goods, particularly on the carpet. The average selling price of all the flooring in 2016 was USD 1.11 (same as 2015) and up to $0.02 from 2014 and up to USD 0.04 from 2013.
This section will provide insights into the contents included in this europe carpet market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.
Market drivers and restraints
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance
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