According the report, Development in New Distribution Channels
is one of the primary growth factors for the market. The increasing requirement and usage of the various furniture products are not new concepts for today’s world. The furnishing sector includes various applications such as home furnishing, office furnishing, commercial building furnishing, hotel and resort furnishing, and many others. is also expected to contribute significantly to the Carpets & Rugs market. Overall, Residential
applications of Carpets & Rugs, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Carpets & Rugs market identified that the demand is rising in many different parts of the world as "Increasing Demand for Handmade Carpets in Asia. A handmade carpet is made with the use of a specially designed loom and knotted manually by hand. Wool is the raw material that is used in handmade carpets. The major handmade carpet exporters are India, Iran, Afghanistan, China, Pakistan, Egypt, Nepal, and Turkey.". Furthermore, some recent industry insights like "In Apr 2021, Mohawk Industries announced the ReCover Recycling Program to expand into the residential market. Through this initiative, the company enhanced its market enhancement across the residential industry." is constantly making the industry dynamic. One of the challenges that industry facing is "In the current global situation, it is very important to think about recycling products before the project begins. The organization should always contact recyclers or reused organizations, which helps the organization to plan about budgets."
The Distribution Channels, such as Online Stores, is boosting the Carpets & Rugs market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The Materials, such as Nylon, is boosting the Carpets & Rugs market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Carpets & Rugs market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Carpets & Rugs market and other related sub-markets covered in the study.
o Key & emerging players in the Carpets & Rugs market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Carpets & Rugs market size is calculated using market estimation process, the Carpets & Rugs market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Carpets & Rugs market size has been validated using both top-down and bottom-up approaches.