Global Carpets and Rugs Market: Key Highlights
Global Carpets and Rugs Market: Key Market Dynamics
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Global Carpets and Rugs Market: Regional Overview
Europe is one of the promising region for the global carpets and rugs market owing to rising demand for carpets from Germany, France, and Belgium among others. Increasing focus towards enhancing home décor is the prominent cause propelling the demand for carpet across the Europe. Increasing awareness regarding environmental and health hazardous of incineration of carpets and rugs to gradual shift is observed towards use of recycled materials, which is likely to open new growth avenues for the carpet market growth in the upcoming timespan.
Global Carpets and Rugs Market: Key Players Overview
Shaw Industries Group, Inc. is a united states-based company operates through manufacturing carpets, rugs, flooring, laminates for the commercial and residential sector globally. The company is the wholly owned subsidiary of the Berkshire Hathaway, Inc. The company in 2017, invested USD 42 million to refurbishment and increasing production capabilities of the carpet plant based in Meigs County, Tennessee, US.
France based Tarkett is the multinational corporation engages in manufacturing of floor and floor covering. The product portfolio includes vinyl, linoleum, laminate, rubber, carpet, wood and other flooring covering to the global market. The company acquired Lexmark Carpet Mills, a company manufacturing carpets and rugs in the North America. The company acquired the company USD 120 million.
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