Carpets and Rugs Market Size, Status, Growth

Carpets and Rugs Market Size, Status, Growth | Industry Analysis Report 2030

Posted 2024-03-05 09:14:17

Carpets and Rugs Market Report Overview:

The research gives a comprehensive analysis of the Carpets and Rugs Market, including dynamic patterns, industry landscape, and all main market features. The Carpets and Rugs market research report also offers a thorough examination of the key players.

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Estimated Revenue Growth:

The Carpets and Rugs Market size was valued at USD 37.58 Bn in 2023 and is expected to reach USD 51.84 Bn by 2030, at a CAGR of 4.7%.

Carpets and Rugs Market Dynamics:

Increasing demand for various designs of carpets and rugs will fuel market expansion.

Carpets are both functional and ornamental, and they protect the flooring from moisture. They insulate and soundproof houses and businesses. The global carpets and rugs market is predicted to grow as employment and disposable income among households, particularly those with two incomes, rise. With increased spending power, more customers are forced to buy non-essential leisure items.

The carpets and rugs market has grown significantly over the years, owing to factors such as increased urbanisation, rising disposable income, and consumers' changing lifestyle preferences. Consumers are increasingly prepared to invest in home design and furniture to improve the appearance of their living spaces. Furthermore, the increasing trend of home restoration

Carpets and Rugs Market Scope and Research Methodology:

The aim of this report is to assess and predict the size of the Carpets and Rugs market. It offers strategic profiles of significant market participants to provide an accurate depiction of the competitive landscape within the global Carpets and Rugs market. This includes a comprehensive analysis of recent developments such as new product launches, acquisitions, mergers, joint ventures, brand activities, and major players in the Carpets and Rugs industry. The report presents insights into industry trends, dynamics, and potentials, assisting professionals in staying informed about the latest trends and sector performance. This insight aids in predicting growth and decline in Carpets and Rugs market share over the forecast period.

In-depth understanding of the Carpets and Rugs industry was achieved through a combination of primary and secondary research methods. Various methodologies, including PESTLE, PORTER, and SWOT analysis, were employed to ensure accurate findings. SWOT analysis was employed to outline strengths, weaknesses, opportunities, and challenges for key players within the Carpets and Rugs industry. Additionally, the use of PORTER and PESTLE analysis allowed for an understanding of the microeconomic and macroeconomic factors influencing the Carpets and Rugs industry.

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Carpets and Rugs Market Segmentation:

by Products Type
Woven
Tufted
Knotted
Needle-Punched
Flat-Weave
Hooked
Other

The carpets and rugs market is divided into product types such as woven, tufted, knotted, needle-punched, flat-weave, hooked, and others. The tufted segment dominated the market in 2023, accounting for more than half of the total due to its low cost and ease of maintenance. Tufted rugs are ideal for bringing a unique touch of luxury elegance to your interior decor. These rugs are a long-lasting feature of a home's design, providing years of comfort and beauty. Benefits include durability, affordability, and availability in a variety of sizes, shapes, colours, and textures. Unlimited tufted carpet and rug designs to meet global market demand. However, the knotted sector is predicted to develop at the fastest CAGR throughout the forecast.

by Application
Residential
Commercial
Automotive applications

The market is divided into three segments: residential, commercial, and others. The residential sector led the market share in 2023, accounting for more than 60%, owing to rising demand for home decor products. It is utilised to improve a room's aesthetic appeal while also providing sound and temperature insulation. Carpets are available in a wide range of colours and textures to suit any decor. These reasons promote segment growth in the global market. However, the commercial segment is likely to expand rapidly throughout the forecast period due to rising demand for carpets and rugs in the hospitality and tourism industries.

by Material
Nylon
Wool
Silk
Polyester
Triexta
Acrylic
Polypropylene
Other

by Distribution Channel
Offline
Online

Carpets and Rugs Market Key Players:

1.Mohawk Industries, Inc.
2.Shaw Industries Group Inc.
3.Genie Carpet Manufacturers
4.Royalty Carpet Cleaning & Flooring
5. Inter IKEA Systems B.V.
6.Beaulieu International Group
7.Engineered Floors LLC
8.Milliken & Company
9. Lowe's
10. Taekett
11.Home Depot
12.Interface, Inc.
13. Dixie Group, Inc.
14.Orientals Weavers
15. Tai Ping
16. Victoria PLC
17.Saif Carpets Pvt. Ltd
18.Genie Carpet Manufactures
19. KarpetsbyRKS
20. Marwar Carpets International

Carpets and Rugs Market Regional Perspectives:

The report is segmented into several key countries, with market size, growth rate, import and export of Carpets and Rugs market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

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Key Questions answered in the Carpets and Rugs Market Report are:

Which segment grabbed the largest share in the Carpets and Rugs market?
Which segment is expected to grow at a high rate during the forecast period?
How is the competitive scenario of the Carpets and Rugs market?
Which are the key factors driving the Carpets and Rugs market growth?
Which are the factors restraining the Carpets and Rugs market growth?
Which region holds the maximum share in the Carpets and Rugs market?
What will be the CAGR of the Carpets and Rugs market during the forecast period?
Which are the prominent players in the Carpets and Rugs market?

Key Offerings:

A detailed Analysis of the Market Overview
Market Share, Size Forecast by Revenue | 2024−2030
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by Route of administration, Application, Facility of use and Region and Region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

Table of Content: Carpets and Rugs Market

Part 01: Executive Summary

Part 02: Scope of the Carpets and Rugs Market Report

Part 03: Carpets and Rugs Market Landscape

Part 04: Carpets and Rugs Market Sizing

Part 05: Carpets and Rugs Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

About Maximize Market Research:

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