Market Overview:
The global carpet and rugs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as increasing demand for carpets and rugs in commercial applications, rising disposable income of consumers, and growing awareness about hygiene. In terms of type, the woven segment is expected to lead the global carpet and rugs market during the forecast period. This can be attributed to its high durability and aesthetic appeal. In terms of application, the household segment is expected to lead the global carpet and rugs market during the forecast period.
Product Definition:
1. A thick fabric often made of wool, cotton, or a synthetic fiber, used as floor covering.
Woven:
Woven is a fabric made by interlacing yarns or threads. The process of weaving is known as spinning, and the product obtained is known as woven. Spinning wheel and spindle have been the traditional tools for weaving; however, with technological advancements in recent times, power driven machines are used to spin the yarns/fibers for weaving purposes.
Tufted:
The Tufted fibers are long, thin and flexible. They have a structure like hair and they are produced in the scales of insects. The main function of these fibers is to provide insulation against the winter chill. In addition, it also provides protection from noise and heat in homes with carpet flooring or rugs.
Application Insights:
The household application segment accounted for the largest share of more than 60.0% in 2017. The rising purchasing power of the middle-class population in developing countries including China, India and Brazil is expected to remain a key factor driving demand for rugs and carpets in this segment over the forecast period. In addition, increasing disposable income among consumers in developed countries including U.S., Canada and Germany is likely to fuel market growth over the next eight years.
Commercial application was estimated as one of the fastest-growing segments owing to rising investments from governments across regions to build new infrastructure along with expanding transportation networks such as airports, seaports and railways resulting into increased spending on construction materials such as carpet tiles.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing consumer spending, growing population, rapid urbanization coupled with rising disposable income. Increasing number of housing constructions due to growing population is also anticipated to drive product demand in this region.
Europe accounted for a significant share of revenue and is expected to grow at a steady pace over the forecast period owing to high quality standards adopted by manufacturers as well as consumers’ preference for natural fibers rather than synthetic ones. In addition, increasing adoption of eco-friendly materials such as recycled carpets will further boost growth in this region.
North America held a substantial share owing their wide application scope including commercial spaces such as hotels, restaurants or malls which has led them being one of the largest markets across geographies excluding Asia Pacific.
Growth Factors:
- Increasing demand from the construction sector for flooring and insulation purposes
- Rising disposable income of consumers, which is resulting in an increase in demand for luxury carpets and rugs
- Proliferation of online retail platforms that are offering a wide range of carpets and rugs at competitive prices, thereby boosting sales
- Growing popularity of eco-friendly carpets made from natural materials such as wool, cotton, jute, etc.
- Increasing number of hotels and other commercial establishments that are installing high-quality carpets and rugs to enhance the ambiance
Scope Of The Report
Report Attributes
Report Details
Report Title
Carpet and Rugs Market Research Report
By Type
Woven, Tufted, Knotted, Needle-Punched
By Application
Household, Commercial
By Companies
Mohawk Industries, Taekett, Shaw Industries Group, Dixie Group, Home Depot, Tai Ping Carpets International, Interface, Victoria, Mohawk Industries
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Carpet and Rugs Market Report Segments:
The global Carpet and Rugs market is segmented on the basis of:
Types
Woven, Tufted, Knotted, Needle-Punched
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Mohawk Industries
- Taekett
- Shaw Industries Group
- Dixie Group
- Home Depot
- Tai Ping Carpets International
- Interface
- Victoria
- Mohawk Industries
Highlights of The Carpet and Rugs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Woven
- Tufted
- Knotted
- Needle-Punched
- By Application:
- Household
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Carpet and Rugs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Carpet and rugs are floor coverings made from a variety of materials, including wool, cotton, nylon, and jute. They are typically rectangular or square in shape and come in different colors and patterns. Carpeting is often used as a main floor covering in homes or offices, while rugs can be used as an accent on floors or walls.
Some of the major players in the carpet and rugs market are Mohawk Industries, Taekett, Shaw Industries Group, Dixie Group, Home Depot, Tai Ping Carpets International, Interface, Victoria, Mohawk Industries.
The carpet and rugs market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Carpet and Rugs Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Carpet and Rugs Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Carpet and Rugs Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Carpet and Rugs Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Carpet and Rugs Market Size & Forecast, 2020-2028
4.5.1 Carpet and Rugs Market Size and Y-o-Y Growth
4.5.2 Carpet and Rugs Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Woven
5.2.2 Tufted
5.2.3 Knotted
5.2.4 Needle-Punched
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Commercial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Carpet and Rugs Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Carpet and Rugs Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Woven
9.6.2 Tufted
9.6.3 Knotted
9.6.4 Needle-Punched
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Commercial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Woven
10.6.2 Tufted
10.6.3 Knotted
10.6.4 Needle-Punched
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Commercial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Woven
11.6.2 Tufted
11.6.3 Knotted
11.6.4 Needle-Punched
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Commercial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Woven
12.6.2 Tufted
12.6.3 Knotted
12.6.4 Needle-Punched
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Commercial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Woven
13.6.2 Tufted
13.6.3 Knotted
13.6.4 Needle-Punched
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Commercial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Carpet and Rugs Market: Competitive Dashboard
14.2 Global Carpet and Rugs Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mohawk Industries
14.3.2 Taekett
14.3.3 Shaw Industries Group
14.3.4 Dixie Group
14.3.5 Home Depot
14.3.6 Tai Ping Carpets International
14.3.7 Interface
14.3.8 Victoria
14.3.9 Mohawk Industries
