Carpets and Rugs Market: size was valued at USD 35.90 Bn in 2022 and is expected to reach USD 49.52 Bn by 2029, at a CAGR of 4.7%.
Carpets and Rugs Market Overview:
A market analysis on Carpets and Rugs was released by Maximise Market Research (MMR). Drawing from primary and secondary sources, the research presents a thorough overview of the Carpets and Rugs market. As an investor’s guide, it offers a thorough study of the market’s size and share in every area and category.
Carpets and Rugs Market Dynamics:
Over time, the market for carpets and rugs has expanded significantly due to reasons such growing urbanisation, rising disposable income, and shifting consumer lifestyle choices. Nowadays, buyers are prepared to spend money on furniture and décor to improve the beauty of their homes. Additionally, it is anticipated that the growing trend of remodelling and house renovation will increase demand for carpets and rugs.
For detail insights on this market, request for methodology here@ https://www.maximizemarketresearch.com/request-sample/187345
Carpets and Rugs Market Report Scope and Research Methodology:
The report provides an in-depth analysis of the Carpets and Rugs Market at the global, regional, and country levels. It also provides a comprehensive analysis of the competitive landscape of the Property Management industry, including the business strategies adopted by the key players. The report includes a list of Property Management key competitors, along with their revenue, production capacity, sales, and global presence. SWOT analysis was used to identify the strengths and weaknesses of the key players in the Property Management industry. Detailed information on the Carpets and Rugs Market dynamics, including drivers, restraints, opportunities, and challenges, is also provided in the report. The bottom-up approach was used to estimate the global and regional Carpets and Rugs Market size. Both primary and secondary research methods were used to gather data on market size, market share, regional insights, market dynamics, the performance of key players, and historical data of the industry. The report also includes a detailed value chain analysis, which helps to understand the manufacturing process of Property Management, with information on raw materials, customers, and distributors. Additionally, the report includes PORTER, PESTLE analysis, and market attractiveness, which help to understand the Carpets and Rugs Market at both macro and micro levels.
Carpets and Rugs Market Regional Insights:
Geographically, the report is segmented into several key countries, including:
North America: the United States, Canada, and Mexico
Europe: the United Kingdom, Germany, France, Spain, Italy, and the rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN countries, and the rest of Asia Pacific
South America: Brazil
Middle East and Africa
Carpets and Rugs Market Segmentation:
by Products Type
1.Woven
2.Tufted
3.Knotted
4.Needle-Punched
5.Flat-Weave
6.Hooked
7.Other
The carpet and rug market is divided into categories such as woven, tufted, knotted, needle-punched, flat-weave, hooked, and others based on the type of product. Due to its affordability and ease of upkeep, the tufted category led the market in 2022 with a share of over 50%. Tufted rugs are ideal for giving your decor that extra bit of upmarket flair. These rugs offer years of comfort and beauty, making them a durable addition to any home’s interior design. The advantages include affordability, longevity, and availability in a range of sizes, shapes, colours, and textures. There are countless designs of tufted carpets and rugs to meet global market demand. Nonetheless, during the course of the prediction, the knotted sector is anticipated to increase at the greatest CAGR.
by Application
1.Residential
2.Commercial
3. Automotive applications
The market is divided into residential, commercial, and other segments based on the application. Because of the rising demand for home design items, the residential segment held a share of the market in 2022 of more than 60%. It is employed to improve a room’s thermal and acoustic insulation as well as its visual appeal. To match any design, carpets come in an array of hues and textures. These elements therefore propel segment expansion in the global market. However, because of the growing demand for carpets and rugs in the hotel and tourism sectors, the commercial category is anticipated to develop at a significant rate throughout the projection period.
by Material
1.Nylon
2.Wool
3.Silk
4.Polyester
5.Triexta
6.Acrylic
7.Polypropylene
8.Other
The market can be divided into categories according to the material, such as wool, silk, cotton, jute, and others. In 2022, the wool category held the biggest market share. Since wool may be used in every area of a house, it is the most user-friendly material for handcrafted carpets. Its strength, inherent insulating qualities, and visual attractiveness are the main drivers of the segment’s expansion. Over the course of the projected period, the industry’s growth will be supported by the growing demand for high-end, luxurious carpets and rugs.
by Distribution Channel
1.Offline
2.Online
Online and offline segments can be identified within the carpets and rugs market based on the distribution channel. The inclination of consumers to touch and feel products before making a purchase led to the offline category holding the greatest market share in 2022. Because of the ease that e-commerce platforms provide and their rising penetration, the online category is anticipated to develop at a high pace throughout the projected period.
For detail insights on this market, request for methodology here@ https://www.maximizemarketresearch.com/request-sample/187345
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
For any Queries Linked with the Report, Ask an Analyst@ https://www.maximizemarketresearch.com/market-report/carpets-and-rugs-market/187345/
Key Questions answered in the Carpets and Rugs Market Report are:
- What is the expected Carpets and Rugs Market size by 2029?
- What will be the CAGR of the Carpets and Rugs Market during the forecast period?
- What are the Carpets and Rugs Market segments?
- Which segment held the largest share in the Carpets and Rugs Market?
- How is the competitive scenario of the Carpets and Rugs Market?
- Which are the key factors driving the Carpets and Rugs Market growth?
- What are the key factors restraining the Carpets and Rugs Market?
- Which region holds the maximum share in the Carpets and Rugs Market?
- Who are the key players in the Property Management industry?
Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast |2023-2029
- Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Market Segmentation- A detailed analysis of each segment and their segments
- Competitive Landscape – Leading key players and other prominent key players.
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
+91 96071 95908, +91 9607365656
