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 Overview:
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Carpets and Rugs Market Dynamics:
Carpets and Rugs Market Trends to Drive Market Growth
Increased usage of carpets and rugs in interior design: Carpet rugs are widely utilised by interior designers as the primary floor covering; rugs are an important component in bringing beauty to floors and providing thermal insulation to floors. It serves as a protective covering throughout the winter, shielding feet from cold tiles. Carpet rugs are used to improve the ambiance of a room, and they are exclusively designed by artists for their premium customers to create a perfect combination of flooring with the entire décor. The increasing popularity of carpets and rugs worldwide, as well as the widespread use of carpets in interior design, are key contributors in the rise.
Carpets and Rugs Market Report Scope and Research Methodology
The report offers a comprehensive scope that includes an in-depth analysis of the Carpets and Rugs Market dynamics, competitive benchmarking, past and current industry status, and forecasted market size and trends. Utilizing advanced research methodologies, the report evaluates potential key players, technology trends, and the impact of micro-economic factors on the market. Our approach involved utilizing both primary and secondary research methods to ensure the delivery of accurate and reliable information.
The primary and secondary data sources are used to collect information on the Carpets and Rugs market. Primary research involves direct interactions with interviews, observation, survey methodology, focus groups, and content analysis. Secondary research involves extensive data collection from credible sources such as industry reports, company websites, and government publications. The report provides a complete description of major segments with some sub-segments.
The study covers an in-depth overview of the market dynamics, segmentation, product portfolio, business plans, and the latest developments in the industry. The report not only outlines the product offerings of leading companies but also highlights investment opportunities for stakeholders in the Carpets and Rugs market. The report combines meticulously analyzed and evaluated data of the leading players and their market position through a variety of analytical tools. SWOT analysis, Porter’s five forces analysis, and investment return examination were active to analyze the progress of the major players performing in the market. This segment of the report encompasses the fundamental advancements of the marker that encompass declarations, collaborations, R&D, new product launches, partnerships, and associations of prominent participants operating in the market.
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
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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
Key questions answered in the Carpets and Rugs Market are:
- What is Carpets and Rugs?
- What was the Carpets and Rugs market size in 2023?
- What is the growth rate of the Carpets and Rugs Market?
- Which are the factors expected to drive the Carpets and Rugs market growth?
- What are the different segments of the Carpets and Rugs Market?
- What growth strategies are the players considering to increase their presence in Carpets and Rugs?
- What are the upcoming industry applications and trends for the Carpets and Rugs Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Carpets and Rugs Market?
- What segments are covered in the Carpets and Rugs Market?
- Who are the leading companies and what are their portfolios in Carpets and Rugs Market?
- What segments are covered in the Carpets and Rugs Market?
- Who are the key players in the Carpets and Rugs market?
- Which Company accounted for the highest Carpets and Rugsmarket share in 2023?
- What is the study period of this Carpets and RugsMarket?
Carpets and Rugs Market Regional Insights
The report includes an analysis of all the factors, market size, growth rate, and import and export in regions. The Carpets and Rugs market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. It highlights the prominent players in each region and their impact on the overall Carpets and Rugs market growth. The Regional Analysis used in the report to understand the Carpets and Rugs market status in various countries.
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2023−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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