Global Carpets & Rugs Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.6 % from 2018 to 2025. In 2017, the global market valuation was USD 91.3 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. For their esthetic attraction and functional characteristics, carpets & rugs are used, including slip resistance and floor heat insulation. Besides covering floors and further enhancing the general attraction of home or office decoration, carpets & rugs provide floors with a protective layer. Carpets & rugs are used in areas with mostly cold weather to keep the ground from getting too hot. A few decades ago, in developed economies, demand for carpets & rugs was the highest. However, in recent years, this trend has altered, with customers spending more cash on bringing esthetic changes to their homes or office spaces. This demand has also been motivated to some extent by the easing economic crisis, leading to renewed demand for carpets and rugs. In addition, increasing consumer disposable income, particularly in developing countries, is likely to stimulate market growth. Geographically, North America is expected to be the highest growing region in the global market of carpets and rugs market.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global carpets & rugs market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global carpets & rugs market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Type Insights: On the basis of Type, global carpets & rugs market has been segmented into tufted, woven, needle-punched, knotted. The tufted segment, which is expected to be the fastest-growing market during the forecast period, was the biggest share in 2018 based on type. To boost the longevity of carpet fibers, tufted carpets are handled with stain-resistant chemicals. For wall-to-wall carpeting, these carpets are perfect for spaces with heavy furnishings and elevated footfall.

By Material Insights: On the basis of material, global carpets & rugs market has been segmented into nylon, polyester, polypropylene. Among which nylon segment has accounted for largest share in the global market of carpets and rugs. This development can be ascribed to excellent resilience of nylon, stain and abrasion resistance, excellent twist holding yarn memory, capacity to conceal soil, and superior efficacy of cleaning. Due to its elevated strength, carpets made from nylon fiber are used primarily for industrial and commercial carpeting in regions with heavy foot traffic. During the forecast era, the segment of polypropylene is expected to develop at the largest pace on the carpets & rugs market.

Regional Analysis

The carpets & rugs market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.

North America has been the world leader in the carpets and rugs sector and is anticipated to carry in the near future on the situation. The fast development of housing and building operations across nations in the residential sector, such as the United States, is the primary factor behind the dominance of the carpet and rugs industry in North America. Another important factor that supports this national carpet and rugs sector is the elevated amount of market participants in North America. The Asia-Pacific market is projected to record the greatest development over the forecast period; this is due to the rise in building operations in nations such as China, Japan, India, and Indonesia; this, in turn, is anticipated to lead to development in the carpet & rugs industry. Europe is expected to witness moderate growth in the global market of carpets and rugs.

Global Carpets & Rugs Market Size, Share Analysis by Region 2017

Global Carpets & Rugs Market Study Objective

1. To forecast the market size of carpets & rugs market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of carpets & rugs market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of carpets & rugs market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of carpets & rugs market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the carpets & rugs market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Mohawk Industries, Inc., Shaw Industries Group, Lowe’s Companies, Inc., Taekett S.A., Home Depot, Inc., Interface, Inc., Dixie Group, Inc., Orientals Weavers Company for Carpets, Tai Ping Carpets International Limited are some of the key players in the market of carpets & rugs.

Global Carpets & Rugs Market Study Report Offer You!

The global carpets & rugs market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.