Europe Commercial Rugs Market Research Report Forecast to 2028

Europe Commercial Rugs Market Research Report Forecast to 2028

Market Overview

The Europe Commercial Rugs market is projected to be valued at USD 2300.5 Million by 2028, with 3.0% CAGR from. Commercial rugs are defined as the rugs used business settings such as hospitality, retail, education, and healthcare among others. They are constructed with durability and long-lasting qualities in mind. Rugs come in a wide range of different types, including Hand-knotted, Hand-tufted, Flatweave or Kilim or Dhurrie, Handloom, Machine-made, Hooked Rugs, Hide Rugs, and Braided Rugs They are also important in the commercial establishments such as retail shops, educational institutes, healthcare facilities, and in the hospitality industry. The mid and higher-end segments of the European market offer good opportunities for commercial rugs, but competition is strong. The industry is also labour-intensive and dynamic sector dominated by small and medium-sized enterprises (SMEs) and micro firms.

Commercial Rugs has been popular for several years. Evolving consumer preferences and changing interior designing styles has increased competition in the European markets. The primary drivers of the European commercial Rugs Market are the rising commercial construction, urbanization, the rapid growth of population, changing lifestyles, and increased demand of spending in interiors. The construction industry in Europe is expected to continue to grow at moderate pace over the forecast period. According to Euroconstruct, which examines almost 90% of Europe’s market, non-residential construction is expected to grow by 3.7% in 2022. Thus, with the rise in these commercial facilities, the demand for commercial rugs from these sectors is also expected to rise in Europe over the coming years. Furthermore, Online stores are growing as a key mode-of-sale among the distribution channel, which in turn boosts the market growth. However, growing shortage and increasing prices of raw materials such as cotton, wool, silk, and other synthetic products such as nylon, polyester and polypropylene are expected to hamper the market growth. Nevertheless, the growth in sustainable business will also create new opportunities for companies that provide sustainable rugs.

Regional Analysis

The geographic analysis of Commercial Rugs market has been conducted for the UK, Germany, France, Italy, and the rest of Europe. Out of the entire countries, the German market generates the largest revenue share in the Commercial Rugs market during the review period. The main reason for growing demands in the country is the overall growth in the commercial sector and the growing e-commerce industry. The growth of the commercial rugs market in this country can be attributed to a growing number of commercial spaces and increasing renovation activities.

Major Players

Key players include in the commercial rugs market are Egetaepper A/S, Ollerton Rugs & Carpets, THE WILTON CARPET FACTORY LIMITED, OBJECT CARPET, MOHAWK INDUSTRIES, INC., Bolon AB, and Fletco.

COVID 19 Impacts

We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

Companies Mentioned

Egetaepper A/S
Ollerton Rugs & Carpets
THE WILTON CARPET FACTORY LIMITED
OBJECT CARPET
MOHAWK INDUSTRIES
INC.
Bolon AB
and Fletco

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