Carpets and Rugs Market size is set to grow by USD 11.2 billion from 2024-2028, Consumer's increasing preference for home decor to boost the market growth, Technavio [Yahoo! Finance]
Mohawk Industries, Inc. (MHK)
Last mohawk industries, inc. earnings: 2/13 04:10 pm
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Source: Yahoo! Finance
The market is estimated to grow at a CAGR of almost 4.45% during the forecast period. The eco-friendly carpets and rugs market is experiencing growth due to increasing consumer preference for sustainable flooring solutions. Natural materials like jute, cotton, wool, and sisal are popular choices, offering benefits such as biodegradability, renewability, and insulation. Jute and sisal rugs, in particular, are in demand for their moisture-regulating and stain-resistant properties. Eco-friendly carpets, including those made from recycled materials and organic self-sustaining ones, are gaining traction due to their allergen-free and chemical-irritant-free nature. Brands like Shaw and Mohawk are leading the way in this market, catering to the rising demand for sustainable flooring options. This trend is expected to continue driving the growth of the global carpets and rugs market. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of
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MHK
Earnings
- 4/25/24 - Beat
MHK
Sec Filings
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