Carpets and Rugs Market Size, by Segmentation, company Sales and Revenue, Production Capacity Forecasted by Region

Carpets and Rugs Market size was valued at USD 35.90 Bn in 2022 and is expected to reach USD 49.52 Bn by 2029, at a CAGR of 4.7%.

Carpets and Rugs Market Overview: 

The market research study analyses and assesses the  Carpets and Rugs Market position during the forecast period. It is a comprehensive examination that focuses on primary and secondary drivers, market share, leading segments, and geographical analysis.

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Carpets and Rugs Market Scope:

Using both primary and secondary research approaches, we researched the  Carpets and Rugs Market from every viewpoint. This helped us gain a better understanding of current market dynamics such as supply-demand imbalances, pricing trends, product preferences, customer habits, and so on. The data is then compiled and analysed using a range of market estimation and data validation techniques. Furthermore, we have an in-house data forecasting engine that forecasts market growth through 2027.

Carpets and Rugs Market Segmentation: 

The market for carpets and rugs is divided into categories based on the type of product: woven, tufted, knotted, needle-punched, flat-weave, hooked, and others. Due to its low price and simple upkeep, the tufted sector led the pack with a market share of more over 50% in 2022. Tufted rugs are ideal for giving interior decor that unique, high-end touch. These rugs last a long time and add years of comfort and beauty to a home’s decor. Benefits include affordability, availability in a range of sizes and forms, as well as a variety of colors and textures, and durability. There are several styles of tufted carpets and rugs available to satisfy global market demand. However, during the forecast period, the knotted sector is anticipated to increase at the greatest CAGR.

The market is divided into residential, commercial, and other segments based on application. Due to the rising demand for home design products, the residential sector held a share of over 60% of the market in 2022. It is utilized to improve a room’s aesthetic appeal and sound and heat insulation. To match any design, carpets are offered in a variety of hues and textures. These elements therefore influence segment growth in the global market. However, due to the rising demand for carpets and rugs in the hotel and tourism sectors, the commercial category is anticipated to expand at a high rate throughout the projection period.

The market can be divided into wool, silk, cotton, jute, and other categories according on the material. In 2022, the wool industry held the biggest market share. Because wool can be used in all areas of a home, it is the most practical material for handcrafted carpets. The longevity, inherent insulating qualities, and aesthetic appeal of the category all contribute to its rise. The industry’s expansion will be aided by the rising demand for high-end, luxury carpets and rugs.

The market for carpets and rugs can be divided into online and offline segments based on the distribution channel. Due to consumers’ preference to touch and feel a product before making a purchase, the offline category held the largest market in 2022.

Carpets and Rugs Market, by Product Type (2022-2029)
1. Woven
2. Tufted
3. Loop Pile
4. Cut Pie
5. Knotted
6. Needle-Punched
7. Flat-Weave
8. Hooked
9. Other
Carpets and Rugs Market, by Application (2022-2029)
1. Residential
2. Commercial
3. Automotive applications
Carpets and Rugs Market, by Material (2022-2029)
1. Nylon
2. Wool
3. Silk
4. Polyester
5. Triexta
6. Acrylic
7. Polypropylene
8. Other
Carpets and Rugs Market, by Distribution Channel (2022-2029)
1. Offline
2. Online
Carpets and Rugs Market, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America

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Carpets and Rugs Market Key Players:

The report also focuses on the global main industry players in the  Carpets and Rugs Market, including company biographies, product images and specs, capacity, production, price, cost, revenue, and contact information. The study examines prominent  Carpets and Rugs market businesses and ranks them in the market. The following players are featured in this report:

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

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Regional Analysis:

The  Carpets and Rugs market in each area is further segmented into regions and segments. The study examines and anticipates several nations, as well as current trends and opportunities in the area.

COVID-19 Impact Analysis on  Carpets and Rugs Market:

The primary goal of the research is to provide enterprises in the industry with a strategic analysis of the impact of COVID-19. Simultaneously, this research investigated the marketplaces of significant nations and presented their market potential.

Key Questions Answered in the  Carpets and Rugs Market Report are:

• What are some of the promising growth opportunities in the global  Carpets and Rugs market by product type and Region?
• Which  Carpets and Rugs market segments will grow the fastest, and why?
• Which regions will develop quicker?
• What are the elements influencing  Carpets and Rugs market?
• What are the  Carpets and Rugs market’s business risks?

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