Global Carpets and Rugs- Market Overview:
Carpets and rugs are textile floor coverings that serve both functional and decorative purposes in indoor spaces. Carpets are typically used in larger, wall-to-wall floor coverings that are installed over an entire room floor surface, while rugs are smaller, portable floor coverings that can be placed in specific areas for added comfort, warmth, or aesthetic enhancement. These floor coverings are made from a variety of materials, including natural fiber such as wool, cotton, silk, and jute, as well as synthetic materials like nylon, polyester, and polypropylene. Carpets and rugs come in a wide range of styles, patterns, colours, and textures, catering to diverse aesthetic preferences and interior design schemes. In addition to adding visual interest and softening the look of a space, carpets and rugs provide insulation, sound absorption, and underfoot comfort. Whether they are used in residential, commercial, or institutional, carpets and rugs play a crucial role in enhancing the comfort, functionality, and overall ambience of interior environments.
As per latest study released by AMA Research, the Global Carpets and Rugs- market is expected to see growth rate of 5.8%Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rising adoption of stain-resistant and skin-friendly solutions
Market Growth Drivers:
The rising changes in lifestyle preferences and Surging demand for soft flooring materials
Challenges:
Differentiating the products from competitors can pose a challenge
Restraints:
It requires regular cleaning and maintenance
Opportunities:
Growing awareness of sustainability and environmental concerns drives demand for eco-friendly
Competitive Landscape:
Major players in the industry include established brands such as Mohawk Industries, Shaw Industries Group, Inc., Interface, Inc., and Beaulieu International Group, which offer a wide range of carpets and rugs catering to various consumer preferences, design trends, and applications. Additionally, smaller manufacturers and niche players contribute to the competitive landscape by focusing on specialized products, sustainable materials, and innovative designs. The industry is also influenced by factors such as technological advancements, environmental regulations, consumer preferences, and economic conditions, driving companies to innovate, differentiate their products, and adapt to changing market dynamics. Overall, the carpets and rugs industry remains highly competitive, dynamic, and responsive to evolving trends and demands in the global marketplace.
Some of the key players profiled in the report are MOHAWK INDUSTRIES, INC. (United States), Shaw Industries Group, Inc. (United States), Genie Carpet Manufacturers (India), Beaulieu International Group (Belgium), Lowe's (United States), Tarkett (France), Interface, Inc. (United States), Dixie Group, Inc. (United States), Milliken (United States) and Inter IKEA Systems B.V. (Netherlands). Additionally, following companies can also be profiled that are part of our coverage like Orientals Weavers (Egypt), Tai Ping (Hong Kong), Victoria Carpets Ltd (United Kingdom), Engineered Floors LLC (United States) and ABBEY CARPET & FLOOR (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Carpets and Rugs- market by 2030. Considering Market by Type, the sub-segment i.e. Carpet will boost the Carpets and Rugs- market. Considering Market by Distribution Channel, the sub-segment i.e. Supermarket/Hypermarkets will boost the Carpets and Rugs- market. Considering Market by Material, the sub-segment i.e. Synthetic Fiber will boost the Carpets and Rugs- market.
Latest Market Insights:
In November 2023, SCI Flooring announced the acquisition of United Carpet, a comprehensive floor-covering provider across commercial and residential sectors. SCI's aim is to enhance its management team and extend its operations to encompass synergistic markets throughout the United States, bolstering its presence and reach in the region
In January 2024, FLOR®, a renowned brand specializing in high-end area rugs tailored for various environments from homes to offices, unveiled its Winter Collection. This new collection introduces four distinctive carpet tile styles to cater for the diverse preferences and design needs of consumers. and In February 2024, Rugs USA, a prominent e-commerce platform specializing in high-quality rugs, introduced "Custom by Rugs," a novel program that provides consumers with made-to-order, custom-sized rugs. This initiative enables customers to personalize their rug selections according to their specific preferences and requirements.
Federal regulations mandate that carpets and rugs have to meet flammability standards. Manufacturers and importers of these products intended for general use must provide a General Conformity Certificate (GCC). This certification attests that the carpets and rugs comply with the relevant standard after undergoing testing or a reasonable testing program to ensure compliance. Additionally, they must ensure proper labelling of the products under the standard.
What Can be Explored with the Carpets and Rugs- Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Carpets and Rugs- Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Carpets and Rugs-
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Carpets and Rugs- market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Carpets and Rugs- market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers, Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.