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| Parameters | Details |
|---|---|
Base Year |
2021 |
Historical Data |
2016-2021 |
Forecast Data |
2022-2029 |
Base Year Value (2021) |
USD 111037.41 million |
Forecast Value (2029) |
USD 190805.1 million |
CAGR (2022 to 2029) |
6.2 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Global automobile industry is one of the fastest growing industry globally with CAGR of 5.2% from 2015-2020. Heavy demand of vehicle is prime driving factor for Carpets & Rugs Market growth. Global sales of passenger cars are expected to reach 91 million by 2021. Increase in disposable income and population across the world are also important factors contributing for growth of Carpets & Rugs Market.
USA and China are the largest market for Automobiles. China has produced 26 million units in 2016. USA is emerged as Carpets & Rugs Market leader with valuation more than of USD 1200 million in 2019.India and Japan Carpets & Rugs industry is expected to grow at rate of 4.4 % up to 2019. Flexible government policies in USA, India and Japan has given tremendous support for establishing Automotive manufacturing plants.
Global Carpets & Rugs Market: Product Type
Global Carpets & Rugs Market: End User
Global Carpets & Rugs Market : Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Carpets and Rugs Market :Global Carpets & Rugs Market : Regional Analysis
Global Carpets & Rugs Market report delivers comprehensive analysis of :
Carpets & Rugs Market was valued at around USD 111037.41 million in 2020 & estimated to reach USD 190805.1 by 2028.
Carpets & Rugs Market is likely to grow at compounded annual growth rate (CAGR) of 6.2% between 2021 to 2028.
segment dominated the global market in terms of revenue generation. region is likely to show the highest growth rate between 2021 to 2028.
Some of the top companies included in the research report are Mohawk Industries, Shaw Industries, Lowe’s Companies, Taekett, Home Depot, Interface, Dixie Group, Orientals Weavers Company for Carpets, Tai Ping Carpets International, Victoria.
Heavy demand for vehicles is a prime driving factor for Carpets & Rugs Market growth.
Yes, the report includes COVID 19 impact on the market.
Precise research methodology, numerous analysis models & up to date data resources to achive most accurate market values.
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