San Jose, California (PRWEB) September 30, 2013
Follow us on LinkedIn – A leading segment of the floor coverings market, carpets find use in residential as well as commercial buildings as floor décor and performance floor coverings. While the aesthetic appeal has gained carpets widespread popularity, their high beneficial insulation properties has expanded their usage, especially in countries with extremely cold climates. While providing a warm and welcoming look to homes, carpets offer protection against extreme cold, and also insulation from sounds. They also provide safety, as the texture of the fabric protects children and senior citizens from falls and enhances comfort while walking as compared to bare flooring. Carpets come in a wide range of colors and textures, with most of them tufted or woven using polyester, nylon or other synthetic materials.
Building renovations are expected to continue to drive significant demand for carpets (wall to-wall) as they result in replacement of old carpets. Also expected to drive sales is the gradual recovery in the construction sector in the United States and the steady gains in construction spending in developing countries including the BRICs. While technology developments in material science that help enhance insulation properties of carpet fibers are expected to benefit the market, the rising cost of heating homes and the pressing need to achieve energy efficiency are also expected to sustain demand for carpets in the coming years.
With growing consumer preference for soft padded floors, demand for carpets made from soft handed fibers is witnessing strong growth, especially in the residential sector. Carpet tiles are also witnessing strong demand worldwide, given their ease and speed in installation, higher economic value due to reduced costs as a result of lower wastage during installation, and availability of better design options. Synthetic carpets, particularly those made from fibers derived from polyester, polypropylene and nylon dominate the global carpets market. Although currently taking a major share of the market, nylon is expected to continue to lose sheen due to growing demand for polyester, owing to its low cost. A promising development currently underway in the market is nanotechnology based molecular carpet weaving. Also expected to witness strong demand are eco-friendly carpets made from natural, biodegradable renewable fibers like sisal.
The United States and Europe constitute leading markets for carpets (wall-to-wall), given their relatively higher requirement for insulation against low temperatures. Emerging markets such as Asia-Pacific are also witnessing growing demand owing to rapid industrialization and growing focus on enhancing interiors, especially in commercial and corporate settings. Currently, the global market for carpets (wall-to-wall) is facing intense competition from hard surface floorings, given their relative longer life, innovative designs and ease of maintenance.
As stated by the new market research report on Carpets (Wall-to-Wall), Tufted Carpets represents the largest product market. Asia-Pacific represents the fastest growing market worldwide with revenues from the region projected to wax at a CAGR of 4.3% over the analysis period.
Major players covered in the report include Beaulieu of America, Interface Inc., J&J Industries, Mohawk Industries, Shaw Industries Group Inc., Tandus Flooring and Victoria Carpets Pty. Ltd.
The research report titled “Carpets (Wall-to-Wall): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections for Carpets (Wall-to-Wall) in dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East and Latin America. Key product categories analyzed in the report include Woven, Tufted and Others (Cut Pile Carpets, Level Loop Carpets, Multi-Level Loop Carpets, and Cut & Loop Pile Carpets).
For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Carpets_Wall_to_Wall_Market_Report.asp.
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
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