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Carpets and Rugs - Global Market Trajectory & Analytics

  • ID: 338791
  • Report
  • July 2020
  • Region: Global
  • 257 Pages
  • Global Industry Analysts, Inc
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Global Carpets and Rugs Market to Reach $39.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Carpets and Rugs estimated at US$33.6 Billion in the year 2020, is projected to reach a revised size of US$39.1 Billion by 2027, growing at a CAGR of 2.2% over the analysis period 2020-2027. Tufted, one of the segments analyzed in the report, is projected to record a 2.3% CAGR and reach US$28.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Woven segment is readjusted to a revised 2.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $9.1 Billion, While China is Forecast to Grow at 4.2% CAGR

The Carpets and Rugs market in the U.S. is estimated at US$9.1 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.7 Billion by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.4% and 1.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 0.9% CAGR.

Other Product Segments Segment to Record 1.3% CAGR

In the global Other Product Segments segment, USA, Canada, Japan, China and Europe will drive the 1% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3 Billion in the year 2020 will reach a projected size of US$3.2 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.3 Billion by the year 2027, while Latin America will expand at a 2% CAGR through the analysis period. We bring years of research experience to this 20th edition of our report. The 257-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Competitors identified in this market include, among others:
  • Al Abdullatif Industrial Investment Company
  • Axminster Carpets Limited
  • Balta Group NV
  • Beaulieu International Group
  • Brintons Carpets Limited
  • Cormar Carpet Company
  • Dream Weaver Carpet
  • Engineered Floors LLC
  • Heckmondwike FB
  • ICE International
  • Interface, Inc.
  • Mannington Mills, Inc.
  • Milliken Floor Coverings
  • Mohawk Industries, Inc.
  • Oriental Weavers Group
  • Scott Group Studio
  • Shaw Industries Group, Inc.
  • Societe Ateliers Pinton SARL
  • Suminoe Textile Co., Ltd.
  • Tai Ping Carpets International Ltd.
  • Tarkett S. A.
  • The Dixie Group
  • Victoria PLC

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Carpets: The Age-Old Visually Appealing and Long-Lasting Floor Covering Option

Recent Market Activity

The US and China Dominate Global Carpet Production

Machine Made Carpets: A Threat to Hand Made Ones?

Other Important Carpet Producing Countries Worldwide

Hand-Woven Carpets Dominate Production in Asia and the Middle East

Market Fortunes Intrinsically Tied to the Global Floor Coverings Market

Global Market Outlook

Developing Markets Spearhead Current and Future Market Growth

India & China Offer Significant Growth Opportunities

Global Competitor Market Shares

Carpets and Rugs Competitor Market Share Scenario Worldwide (in %): 2020 & 2029

Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

Al Abdullatif Industrial Investment Company (Saudi Arabia)

Axminster Carpets Limited (UK)

Balta Group NV (Belgium)

Beaulieu International Group (Belgium)

Brintons Carpets Limited (UK)

Cormar Carpet Company (UK)

Engineered Floors LLC (USA)

Dream Weaver Carpet (USA)

J&J Flooring Group LLC (USA)

Heckmondwike FB (UK)

ICE International (The Netherlands)

Interface, Inc. (USA)

Mannington Mills, Inc. (USA)

Merida Meridian, Inc. (USA)

Milliken Floor Coverings (USA)

Mohawk Industries, Inc. (USA)

Oriental Weavers Group (Egypt)

Saif Carpets Pvt. Ltd. (India)

Scott Group Studio (USA)

Scott Group Custom Carpets (SGCC)

Hokanson Carpets (USA)

Shaw Industries Group, Inc. (USA)

Anderson Tuftex (USA)

Societe Ateliers Pinton SARL (France)

Suminoe Textile Co., Ltd. (Japan)

Tai Ping Carpets International Ltd. (Hong Kong)

Tarkett S. A. (France)

DESSO Holding BV (The Netherlands)

Tandus Centiva Inc. (USA)

The Dixie Group, Inc. (USA)

Atlas Carpet Mills (USA)

Victoria PLC (UK)

Thomas Witter Carpets (UK)

Victoria Carpets Pty. Ltd. (Australia)

Hugh Mackay Carpets (UK)

3. MARKET TRENDS & DRIVERS

Despite Health Concerns and Competition from Hard Surface Flooring, Advent of Innovative Technologies Fuel Market Growth for Carpets and Rugs

Carpet Manufacturers Continue to Offer the Best Performance Attributes in their Products

Carpets for Cleaner Homes

Growing Sales of Higher End Carpets in the Residential Segment Benefit Market Expansion

Premium Luxury Rugs Sales Continue to Grow

Unique Features to Drive Sales in the Residential Segment

Recent Décor Trends and Benefits Offered by Area Rugs for Different Rooms Spur Demand

Key Demographics

Steady Penetration of Custom Area-Rugs to Benefit Sales

Carpet Runners & Area Rugs

Digitization of the Marketplace Improve Connectivity with the Consumers, Bodes Well for the Market

Area Rug Suppliers & Retailers Focus on both Physical and Digital Presence

Online Presence Essential for Survival in the Marketplace

Focus on Environmentally Safe and Sustainable Carpets Boost Demand

Carpets on the ‘Green’ Path

Carpet Recycling Gains Significant Attention

Growing Demand from the Commercial Sector Drive Healthy Market Growth

Recovery in the Global New Construction and Renovation Activity Lends Traction to Market Growth

Construction Industry Statistical Snapshot

Rising Energy Costs and Pressing Need for Energy Efficiency Drive Demand for Carpets

Ease and Speed of Installation along with Other Benefits Drive Consumer Interest in Carpet Tiles

Expanding Hospitality Industry Benefits Carpet Tiles Sales

Nylon Steadily Lose Ground to Polyester, Polypropylene, and Eco-Friendly Fibers

Polyester Fibers Experience an Upward Momentum

Soft Handed Fibers Witness Growing Demand

Favorable Demographic Trends Strengthen Market Prospects

Expanding Global Population

Burgeoning Middle Class Population

Exponential Increase in Urbanization

Rising Standards of Living

Self-Cleaning Carpets

Magnetic Underlayment

Airo Carpets: Fully Recyclable Carpets

Stain Resistance

Pet Friendly and Waterproof Carpets

Carpet Cleaning Technologies

Latest Style, Pattern and Color Trends for Carpets: 2018

Carpet Trends in High, Middle and Entry Level Segments

Recent Design, Style, and Color Innovations in Rugs

Innovations in Carpet Designs: 2016 & 2017

Carpets with 2D Surfaces based on Optical Illusions

Mohawk Develops Continuum PET BCF Technology

Nanotechnology Based Molecular Carpet Weaving: A Promising Development

CAD Systems Improve Carpet Design and Production Efficiencies

4. GLOBAL MARKET PERSPECTIVE

TABLE 1: Carpets and Rugs Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 2: Carpets and Rugs Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019
TABLE 3: Carpets and Rugs Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027
TABLE 4: Tufted (Product Segment) World Market by Region/Country in US$ Million: 2020 to 2027
TABLE 5: Tufted (Product Segment) Historic Market Analysis by Region/Country in US$ Million: 2012 to 2019
TABLE 6: Tufted (Product Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2012 VS 2020 VS 2027
TABLE 7: Woven (Product Segment) Potential Growth Markets Worldwide in US$ Million: 2020 to 2027
TABLE 8: Woven (Product Segment) Historic Market Perspective by Region/Country in US$ Million: 2012 to 2019
TABLE 9: Woven (Product Segment) Market Sales Breakdown by Region/Country in Percentage: 2012 VS 2020 VS 2027
TABLE 10: Other Product Segments (Product Segment) Geographic Market Spread Worldwide in US$ Million: 2020 to 2027
TABLE 11: Other Product Segments (Product Segment) Region Wise Breakdown of Global Historic Demand in US$ Million: 2012 to 2019
TABLE 12: Other Product Segments (Product Segment) Market Share Distribution in Percentage by Region/Country: 2012 VS 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES

Market Facts & Figures

US Carpets and Rugs Market Share (in %) by Company: 2020 & 2025

Market Analytics
TABLE 13: United States Carpets and Rugs Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 14: Carpets and Rugs Market in the United States by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 15: United States Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

CANADA

TABLE 16: Canadian Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 17: Canadian Carpets and Rugs Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 18: Carpets and Rugs Market in Canada: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

JAPAN

TABLE 19: Japanese Market for Carpets and Rugs: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 20: Carpets and Rugs Market in Japan: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 21: Japanese Carpets and Rugs Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

CHINA

TABLE 22: Chinese Carpets and Rugs Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 23: Carpets and Rugs Historic Market Analysis in China in US$ Million by Product Segment: 2012-2019
TABLE 24: Chinese Carpets and Rugs Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

EUROPE

Market Facts & Figures

European Carpets and Rugs Market: Competitor Market Share Scenario (in %) for 2020 & 2025

Market Analytics
TABLE 25: European Carpets and Rugs Market Demand Scenario in US$ Million by Region/Country: 2020-2027
TABLE 26: Carpets and Rugs Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019
TABLE 27: European Carpets and Rugs Market Share Shift by Region/Country: 2012 VS 2020 VS 2027
TABLE 28: European Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 29: Carpets and Rugs Market in Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 30: European Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

FRANCE

TABLE 31: Carpets and Rugs Market in France by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 32: French Carpets and Rugs Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 33: French Carpets and Rugs Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

GERMANY

TABLE 34: Carpets and Rugs Market in Germany: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 35: German Carpets and Rugs Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 36: German Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

ITALY

TABLE 37: Italian Carpets and Rugs Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 38: Carpets and Rugs Historic Market Analysis in Italy in US$ Million by Product Segment: 2012-2019
TABLE 39: Italian Carpets and Rugs Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED KINGDOM

TABLE 40: United Kingdom Market for Carpets and Rugs: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 41: Carpets and Rugs Market in the United Kingdom: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 42: United Kingdom Carpets and Rugs Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

SPAIN

TABLE 43: Spanish Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 44: Spanish Carpets and Rugs Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 45: Carpets and Rugs Market in Spain: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

RUSSIA

TABLE 46: Russian Carpets and Rugs Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 47: Carpets and Rugs Market in Russia by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 48: Russian Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

REST OF EUROPE

TABLE 49: Rest of Europe Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 50: Carpets and Rugs Market in Rest of Europe in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 51: Rest of Europe Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

ASIA-PACIFIC

TABLE 52: Asia-Pacific Carpets and Rugs Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 53: Carpets and Rugs Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019
TABLE 54: Asia-Pacific Carpets and Rugs Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027
TABLE 55: Carpets and Rugs Market in Asia-Pacific by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 56: Asia-Pacific Carpets and Rugs Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 57: Asia-Pacific Carpets and Rugs Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

AUSTRALIA

TABLE 58: Carpets and Rugs Market in Australia: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 59: Australian Carpets and Rugs Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 60: Australian Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

INDIA

TABLE 61: Indian Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 62: Indian Carpets and Rugs Historic Market Review by Product Segment in US$ Million: 2012-2019
TABLE 63: Carpets and Rugs Market in India: Percentage Share Breakdown of Sales by Product Segment for 2012, 2020, and 2027

SOUTH KOREA

TABLE 64: Carpets and Rugs Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 65: South Korean Carpets and Rugs Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 66: Carpets and Rugs Market Share Distribution in South Korea by Product Segment: 2012 VS 2020 VS 2027

REST OF ASIA-PACIFIC

TABLE 67: Rest of Asia-Pacific Market for Carpets and Rugs: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 68: Carpets and Rugs Market in Rest of Asia-Pacific: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 69: Rest of Asia-Pacific Carpets and Rugs Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

LATIN AMERICA

TABLE 70: Latin American Carpets and Rugs Market Trends by Region/Country in US$ Million: 2020-2027
TABLE 71: Carpets and Rugs Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019
TABLE 72: Latin American Carpets and Rugs Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027
TABLE 73: Latin American Carpets and Rugs Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 74: Carpets and Rugs Historic Market Analysis in Latin America in US$ Million by Product Segment: 2012-2019
TABLE 75: Latin American Carpets and Rugs Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

ARGENTINA

TABLE 76: Argentinean Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 77: Carpets and Rugs Market in Argentina in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 78: Argentinean Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

BRAZIL

TABLE 79: Carpets and Rugs Market in Brazil by Product Segment: Estimates and Projections in US$ Million for the Period 2020-2027
TABLE 80: Brazilian Carpets and Rugs Historic Market Scenario in US$ Million by Product Segment: 2012-2019
TABLE 81: Brazilian Carpets and Rugs Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

MEXICO

TABLE 82: Carpets and Rugs Market in Mexico: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 83: Mexican Carpets and Rugs Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 84: Mexican Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

REST OF LATIN AMERICA

TABLE 85: Rest of Latin America Carpets and Rugs Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 86: Carpets and Rugs Market in Rest of Latin America by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 87: Rest of Latin America Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

MIDDLE EAST

TABLE 88: The Middle East Carpets and Rugs Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027
TABLE 89: Carpets and Rugs Market in the Middle East by Region/Country in US$ Million: 2012-2019
TABLE 90: The Middle East Carpets and Rugs Market Share Breakdown by Region/Country: 2012, 2020, and 2027
TABLE 91: The Middle East Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020 to 2027
TABLE 92: The Middle East Carpets and Rugs Historic Market by Product Segment in US$ Million: 2012-2019
TABLE 93: Carpets and Rugs Market in the Middle East: Percentage Share Breakdown of Sales by Product Segment for 2012,2020, and 2027

IRAN

TABLE 94: Iranian Market for Carpets and Rugs: Annual Sales Estimates and Projections in US$ Million by Product Segment for the Period 2020-2027
TABLE 95: Carpets and Rugs Market in Iran: Historic Sales Analysis in US$ Million by Product Segment for the Period 2012-2019
TABLE 96: Iranian Carpets and Rugs Market Share Analysis by Product Segment: 2012 VS 2020 VS 2027

ISRAEL

TABLE 97: Israeli Carpets and Rugs Market Estimates and Forecasts in US$ Million by Product Segment: 2020-2027
TABLE 98: Carpets and Rugs Market in Israel in US$ Million by Product Segment: A Historic Review for the Period 2012-2019
TABLE 99: Israeli Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

SAUDI ARABIA

TABLE 100: Saudi Arabian Carpets and Rugs Market Growth Prospects in US$ Million by Product Segment for the Period 2020-2027
TABLE 101: Carpets and Rugs Historic Market Analysis in Saudi Arabia in US$ Million by Product Segment: 2012-2019
TABLE 102: Saudi Arabian Carpets and Rugs Market by Product Segment: Percentage Breakdown of Sales for 2012, 2020, and 2027

UNITED ARAB EMIRATES

TABLE 103: Carpets and Rugs Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 104: United Arab Emirates Carpets and Rugs Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 105: Carpets and Rugs Market Share Distribution in United Arab Emirates by Product Segment: 2012 VS 2020 VS 2027

REST OF MIDDLE EAST

TABLE 106: Carpets and Rugs Market in Rest of Middle East: Recent Past, Current and Future Analysis in US$ Million by Product Segment for the Period 2020-2027
TABLE 107: Rest of Middle East Carpets and Rugs Historic Market Analysis in US$ Million by Product Segment: 2012-2019
TABLE 108: Rest of Middle East Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

AFRICA

TABLE 109: African Carpets and Rugs Market Estimates and Projections in US$ Million by Product Segment: 2020 to 2027
TABLE 110: Carpets and Rugs Market in Africa by Product Segment: A Historic Review in US$ Million for 2012-2019
TABLE 111: African Carpets and Rugs Market Share Breakdown by Product Segment: 2012 VS 2020 VS 2027

IV. COMPETITION

Total Companies Profiled: 116

Note: Product cover images may vary from those shown
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