In a recent report on Carpet and Rugs market, it has been found that the industry is expected to grow at a CAGR of 4% in the next five years. Other than the growth prospects, the key market trends and the reasons for the growing demand of Carpet industry have been mentioned in the report.
The high volume of construction at a global level is the prominent factor which is contributing to increasing the growth of Carpet industry at a significant level. The rise in the renovation and remodeling activities, increasing interest of consumers towards interior decoration and rapid urbanization as well as globalization have contributed to the high popularity of the carpet industry. North America region enjoys the top spot on the list of the growing demand for carpet and rugs installation services.
And the availability of high-quality carpet installation services has also increased the growing demand for such services. In the US, people are adopting the use of carpets to provide thermal insulation to their house. The introduction of a number of carpet installations services in the US has increased the demand for such services on a large scale. People have been looking for the top carpet installers in Philadelphia region to improve the interior design of their houses.
The use of carpets and rugs is going to increase in both the commercial as well as residential sector. Because of the low cost, ease of installation, and favorable aesthetic properties, the demand for carpets as well as rugs is rising at an excellent rate.
