European carpet market forecast to grow

A report based on research by Grand View Research Ltd has predicted that the European carpet market will be worth £46.22 billion by 2025, with a compound annual growth rate (CAGR) of over 3%.

Despite competition from hard floorings such as laminate, wood and vinyl, carpets remain a popular flooring choice. There are rising concerns about climate change linked to carbon emissions, which have led to carpet manufacturers developing carpets that are 100% recyclable, and some have reduced the energy required to manufacture carpets by 95%.

Carpets can be made from sustainable natural fibres, like wool, or synthetic fibres. Sales of nylon carpets are expected to grow considerably, particularly for commercial buildings, as nylon is hard wearing, cost effective and has a lesser impact on the environmental than other synthetic flooring. In response to government pressure, the European carpet industry is recycling more and more carpets every year.

In 2018, 734.7 million square metres of carpets were fitted in Europe, and this is expected to rise to 889 million square metres by 2025.

Carpet sales are forecast to rise in both the residential and commercial markets. Carpet is a great way to insulate retail stores and offices.

Sales of carpets in the Chester and North Wales regions are buoyant. People have been spending more time at home due to the coronavirus pandemic. They have saved money by not socialising or going on holiday abroad, which means that many households can afford to renovate their homes, including decorating and buying new carpets.