Carpets and Rugs Market Growth:
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 Report Overview
Maximise Market Research has issued papers to help clients understand the landscape of the Carpets and Rugs Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Carpets and Rugs’s competitiveness. The Carpets and Rugs market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Carpets and Rugs Market Report Scope and Research Methodology
The Carpets and Rugs market report delves into the importance of segments and regional markets, based on factors like market size and growth rate. A comprehensive overview of all segments and regions is outlined within the report. An in-depth analysis of projected statistics, significant developments, and revenue is encompassed in the Carpets and Rugs market report. It also entails a thorough examination of the key strategies employed by leading market players to enhance business growth on a global scale while maintaining a competitive edge. The research on the Carpets and Rugs market encompasses an evaluation of production, consumption, revenue, market share, and growth rates across the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The application of SWOT analysis offers insights into the strengths and weaknesses of the Carpets and Rugs market.
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.
Carpets and Rugs Market Regional Insights:
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.
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
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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
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
Key questions answered in the Carpets and Rugs Market are:
- What are the Carpets and Rugs Market segments?
- Which Carpets and Rugs market segment is expected to grow rapidly during the forecast period?
- What is the expected CAGR of the Carpets and Rugs market during the forecast period?
- Who are the top players in the Carpets and Rugs industry?
- Which region is expected to grow at a high CAGR during the forecast period?
- Which region held the largest Carpets and Rugs market share in 2024?
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Key Offerings:
- Market Overview
- Market Share
- Market Size
- Forecast by Revenue | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by segments, sub-segments and region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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.
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