Handmade Carpets Market Scope
Carpets are decorative textiles made up of thick material and normally intended as floor covering. Carpets & rugs are used to cover residential & non-residential floors, which include offices, educational institutions, healthcare facilities, hotels, recreation centers, and retails outlets in order to decorate & enhance the appearance of the interior space. In ancient times, carpet was used only as a cover for table or wall hanging, but now-a-days it is being used exclusively as a floor covering after arrival of machine made products. Handmade carpets are interchangeably named as carpet and rugs. Designs of the product consist of a border, the pattern in the center & an inner field. Border serves as a frame on the picture or cornice on the building, to control the implied movements, isolate the field, & emphasize the limits. Border & design of the inner field harmonize pleasingly and remains distinct. Carpets can be both machine-made and handmade. These carpets are made of materials such as nylon, polypropylene, polyester, wool, cotton, jute, & silk. Handmade carpets & rugs are considered more durable & long-lasting compared to machine-made ones; these can be manufactured at a faster rate than handmade carpets & rugs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Nash Andrea (Belgium), MOSO Bamboo Products (Netherlands), Jacaranda (South Africa), Carpets Inter (Thailand), Foshan Nanhai Borlin Carpets Factory (China), Guangzhou Hongqing Felt Co., Ltd. (China), Glorta Carpet Co., Ltd. (China), Trade Star Exports (India), Shankar's International (India) and Rizhao Hengzhuo Carpet Co., Ltd. (china) |
CAGR | 4.3% |
The market players are adopting many strategies so as to attract the audience and to gain highest market share, these strategies can be listed as maintaining product uniqueness, offering attractive discounts, mergers with related organizations, alliances with different companies to increase sales area globally and others. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Handmade Carpets market throughout the predicted period.
Nash Andrea (Belgium), MOSO Bamboo Products (Netherlands), Jacaranda (South Africa), Carpets Inter (Thailand), Foshan Nanhai Borlin Carpets Factory (China), Guangzhou Hongqing Felt Co., Ltd. (China), Glorta Carpet Co., Ltd. (China), Trade Star Exports (India), Shankar's International (India) and Rizhao Hengzhuo Carpet Co., Ltd. (china) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Shenzhen Veeleo Technology Co., Ltd. (china), A.M.Decor (India) and Sona Enterprises (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Handmade Carpets market by Type , by Application (Residential, Hotel, Office, Theater, Ship, Supermarket, Airport and Others) and Region with country level break-up.
On the basis of geography, the market of Handmade Carpets has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2017, Amazon and Walmart have been on an acquisition tear buying up brands as varied as Whole Foods Market, Bonobos and Modcloth. In a blog post on Medium last week, Jeff Glueck, CEO of location intelligence company Foursquare, stoked the fever around the acquisition-happy retail giants with a few guesses about both companies’ next possible takeover moves.
In June 2021,The Rug Company, creator of contemporary, handmade rugs, is launching its digital Custom Rug Designer Tool.The new Custom Rug Designer Tool is a new digital service which allows customers the opportunity to choose from The Rug Company’s designs and customize them in shape, size, color and materials to create a completely unique design
Influencing Trend:
Growing attraction for creative and decorative products and Urbanization & Globalization increases market demand
Market Growth Drivers:
Increasing Renovation & Remodeling Activities in Asian countries and Inclination of customer towards Interior Decoration
Challenges:
High cost of quality material
Restraints:
Threats from machine made carpets, High price compared to substitutes and Expensive raw materials
Opportunities:
Improvement in standard of living due to high disposable income and Emerging markets
Key Target Audience
Handmade Carpets Manufacturers, Handmade Carpets Distributors/Traders/Wholesalers, Raw material supplier, Industry Association, Downstream Vendors, Government and research organizations and Investment communities