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ABOUT:

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The Middle East and North Africa carpet market is a significant and growing industry, with a long history of carpet production and trade in the region. The market is comprised of various segments, including handmade and machine-made carpets, with different styles and designs catering to a range of customers, from budget-conscious consumers to luxury buyers.

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This market is expected to continue growing in the coming years, with increasing demand for high-quality machine-made carpets, handmade carpets, and a growing interest in traditional designs.

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The MENA region is known for its rich tradition of the carpet industry, with many countries in the region producing high-quality carpets that are sought after around the world.

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Some of the most famous types of Middle Eastern carpets include Persian carpets from Iran, Turkish carpets from Turkey, and Moroccan carpets from Morocco.

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Other countries in the MENA, such as Egypt, Tunisia, Pakistan, and Afghanistan, also have significant carpet industries, producing a wide range of carpets and rugs for both domestic and international markets.

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Also, the existence of countries like Saudi Arabia and the Emirates of Oman and Qatar, which are the economic poles of this region, has caused the growth of the carpet market in this region.

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Global Outlook. The carpet market size was valued at $51.9 billion in 2018, and is expected to reach $74 billion by 2026, registering a CAGR of 4.6% from 2019 to 2026.

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The carpet industry has witnessed a radical change in the last few years. Optimum pricing, timely delivery and high quality has driven the global market. Technology intervention backed by sustainability will be the primary factor for growth opportunities in the highly competitive carpet market.

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Increasing consumer inclination towards the interior decorations coupled with the rising per capita disposable income of the consumers is anticipated to propel the growth of the global carpets and rugs market during the forecast period. One of the major factors driving the growth of the global carpets and rugs market is the expansion of the transportation and construction industries.

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Increased demand for environment-friendly carpets, growing demand for contemporary area rugs, and increased adoption of carpet tiles are likely to boost the global carpets and rugs market in the coming years.

 

 

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