Freedonia In The News
Article Title: Study projects 4.5 percent growth in carpet and rug demand by 2019
Publication: Cleanfax, 4/1/2015
Freedonia Study: Carpets & Rugs (3266)
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A new study from The Freedonia Group Inc., a market research firm which analyzes individual industries, anticipates a 4.5 annual increase in demand for carpet and rugs in the United States through 2019, according to a release from the company.
The study, Carpets & Rugs, expects the residential market to continue dominating demand, as it did in previous years, especially as the "housing completions rise at a double-digit pace through 2019," with tufted products accounting for the largest share at 82 percent — and demand for carpet tiles growing the fastest. The study expects the commercial carpet demand to rise as well.
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