(M2 PressWIRE Via Acquire Media NewsEdge) According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global woven carpet and rug industry is forecast to reach 9.8% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.0%. Currently, woven carpets and rugs of man-made materials cover the largest part of the world market accounting for 56.1% of the demand while the remaining market share is divided between carpets and rugs of fine animal hair and wool (18.3%), hand made carpets and rugs (5.6%), coconut fibre (coir) carpets and rugs (2.0%), and other woven carpets and rugs (18.2%).
China, Japan, Turkey, the United Kingdom, and the United States represent the largest woven carpet and rug markets while the strongest annual growth is forecast to occur in Morocco (19.0%), Greece (18.5%), Azerbaijan (18.4%), Estonia (16.7%), and Kyrgyzstan (16.3%).
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future.
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Major countries covered in this report:
Argentina, Armenia, Australia, Austria, Azerbaijan, Belgium, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Estonia, Finland, France, Germany, Greece, Hungary, Indonesia, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Netherlands, Norway, Oman, Peru, Philippines, Poland, Portugal, Romania, Senegal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam.
The studies include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other industry professionals looking for key market insights in a readily accessible and clearly presented format.
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