The global demand for Carpets & Rugs Market is presumed to reach the market size of nearly USD 117.63 MN by 2028 from USD 78.23 MN in 2021 with a CAGR of 6% under the study period 2022 - 2028.
A carpet refers to a type of floor covering material that normally has a backing and an upper layer of fabric. Carpets and rugs are extremely popular for their aesthetic appeal and practical qualities, such as slip resistance and floor heat insulation. They provide a protective layer for floors in addition to covering them and enhancing the overall beauty of the interior design of a house or workplace. The object is also utilized in areas with mostly cold climates to prevent the floor from becoming too chilly.
Market Dynamics
Major driving factors of the carpet and rug market include increased construction activity in developed and emerging nations worldwide. Further, the industry is also driven by people's increased preference for aesthetic appeal in their homes and places of business. Additionally, suppliers are investing more in R&D and concentrating on creating technologically advanced carpets and rugs. The market would also provide opportunities to manufacturers as customers desire high-value products with cutting-edge and environmentally friendly materials. However, expensive raw materials could be a major restraint for the market. Nonetheless, the selling of carpets and rugs will increase through online channels and e-commerce platforms, which would likely result in more opportunities for market participants.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of carpets & rugs. The growth and trends of carpets & rugs industry provide a holistic approach to this study.
Market Segmentation
This section of the carpets & rugs market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
By Method Of Construction
By Category
By End-User
By Material
- Nylon
- Olefin (Polypropylene)
- Polyester
- Wool
- Jute
- Cotton
- Others (Acrylic, Trixeta, Animal Skins Etc.)
By Price
By Distribution Channel
- Direct Sales
- Indirect Sales
- Online
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Carpets & Rugs market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Carpets & Rugs Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the carpets & rugs market include Mohawk Industries Inc., Milliken & Company, Tarkett Group, Shaw Industries Group Inc., The Dixie Group Inc., Balta Industries NV, Mannington Mills Inc., Tai Ping Carpets International Ltd, Marquis Industries Inc., Victoria PLC. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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