Carpets are textile floor coverings used for improving aesthetics of the floor space. Carpets consists of an upper layer of pile with a backing attached to it. The synthetic fibers such as polypropylene, nylon or polyester are widely used for the construction of upper layer (pile). Carpets are available in plethora of shape, size, patterns, textures and materials.
The key factors driving the growth of carpet market includes growth of hospitality industry, upa surge in affordability, technological innovations and advancement in carpet fibers production. Moreover, customized solutions according to specific size and shapes and green carpet to revolutionize carpet market in upcoming years. However, factors such as availability of cost-effective counterparts and browning, pile reversal, split seam and durability of carpets is expected to impede the carpet market growth. Smart carpets and advanced fiber materials have gained huge traction in the recent years, which is anticipated to create lucrative growth opportunities for the market.
The global carpet market is segmented into material, end user, sales channel, price point and region. Based on material, the global market is studied across nylon, olefin, polyester and others. Depending on end user, the market is bifurcated residential and commercial. Based on sales channel, the global market is studied across hypermarket & supermarket, specialty store and online sales channel. Depending on price point the global market is classified into economy and luxury. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
Some of the key players in the global market includes Armstrong Flooring, Inc., Balta Group, Beaulieu International Group N.V., Shaw Industries Group, Inc.., Brumark, Dorsett industries, Mannington Mills, Inc., Mohawk Industries, Inc., Tarkett S.A., and The Dixie Group
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS
By Material
By End User
By Sales Channel
By Price Point
By Region
The key factors driving the growth of carpet market includes growth of hospitality industry, upa surge in affordability, technological innovations and advancement in carpet fibers production. Moreover, customized solutions according to specific size and shapes and green carpet to revolutionize carpet market in upcoming years. However, factors such as availability of cost-effective counterparts and browning, pile reversal, split seam and durability of carpets is expected to impede the carpet market growth. Smart carpets and advanced fiber materials have gained huge traction in the recent years, which is anticipated to create lucrative growth opportunities for the market.
The global carpet market is segmented into material, end user, sales channel, price point and region. Based on material, the global market is studied across nylon, olefin, polyester and others. Depending on end user, the market is bifurcated residential and commercial. Based on sales channel, the global market is studied across hypermarket & supermarket, specialty store and online sales channel. Depending on price point the global market is classified into economy and luxury. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
Some of the key players in the global market includes Armstrong Flooring, Inc., Balta Group, Beaulieu International Group N.V., Shaw Industries Group, Inc.., Brumark, Dorsett industries, Mannington Mills, Inc., Mohawk Industries, Inc., Tarkett S.A., and The Dixie Group
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging market trends and opportunities in the global carpet market.
- The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities.
- A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
- An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
- The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.
KEY MARKET SEGMENTS
By Material
- Nylon
- Olefin
- Polyester
- Others
By End User
- Residential
- Commercial
By Sales Channel
- Hypermarket & Supermarket
- Specialty Store
- Online sales Channel
By Price Point
- Economy
- Luxury
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- BENELUX
- Italy
- Spain
- Rest of Europe
- Asia-pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Global Carpet Market, By Material
Chapter 5: Global Carpet Market, By End User
Chapter 6: Global Carpet Market, By Sales Channel
Chapter 7: Global Carpet Market, By Price Point
Chapter 8: Carpet Market, By Region
Chapter 9: Company Profile
Executive Summary
According to the report titled, 'Global Carpet Market by End User and Sales Channel: Global Opportunity Analysis and Industry Forecast, 2019-2026', the global carpet market size was $51.9 billion in 2018, and is expected to reach $73.9 billion by 2026, registering a CAGR of 4.6% from 2019 to 2026.Durability, softness, stain and pet resistance attributes have become basic prerequisite for carpets. Adoption of new technologies and innovations have resulted in significant improvement in carpet performance while providing elegant patterns and color options to help keeping carpet industry on the forefront of design. Innovations in fabrics such as introduction of nylon featuring cationic technology which reduces the number of dye sites in the fiber and aids in stain resistibility has significantly increased the overall demand of carpets. In addition, 100% solution-dyed PET fiber aids in reduction of shedding and stands up to foot traffic over time. Furthermore, invention of 6 nylon fiber material have resulted in strength, resiliency, colorfastness, abrasion resistance, cleanability soil resistance, and dyeing flexibility of carpets. Collaboration with Magic Fresh technology which aids in neutralizing common household odors has provided a competitive edge for carpet manufactures. As a result advancement in carpet fibers is expected to propel the overall carpet market growth.
Smart carpets are poised to gain wide traction in the upcoming years. Smart carpets are intelligent floor coverings which communicates with computers and other connected devices with the help of sensors technology. Smart fabrics are now being used in carpets that can detect the temperature, motion, vibration and pressure signs. These smart carpets have a network of optical fibers, which aids in mapping the walking pattern of an individual. The carpets are equipped to predict a fall or a sudden incident from the patterns of walking. Furthermore, these smart carpets can warn of intruders by observing unusual patterns and can also detect environmental threats, like chemical spills or fires. Such innovative attributes of carpet and economical price points are expected to further boost the revenue growth of overall market.
The global carpet market is segmented into, material, end user, sales channel, price point and region. Based on material, the global market is studied across nylon, olefin, polyester and others. Depending on end user, the market is bifurcated residential and commercial. Based on sales channel, the global market is studied across hypermarket & supermarket, specialty store and online sales channel. Depending on price point the global market is classified into economy and luxury. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA
Key Findings of the Carpet Market:
North America leads in terms of carpet market revenue share and is expected to retain its dominance during the carpet market analysis.
The nylon segments is the most preferred material for carpet manufacturing and accounts for about 58% market share in 2018
In 2018, based on sales channel, the hypermarket & supermarket segment accounted for about one-third of the global carpet market share. However, the online sales channel segments are expected to witness robust growth with a CAGR of 6.6%, during the forecast period.
The residential end user segments accounted for about 71% share of the carpet market in 2018,and is poised to grow at significant CAGR during the forecast period.
Luxury segment to grow at a lucrative CAGR of 5.6% during the carpet market forecast.
In 2018, based on region, Asia-Pacific is anticipated to grow with robust CAGR of 5.7% during the forecast period.
Some of the key players operating in the carpet market includes, Armstrong Flooring, Inc., Balta Group, Beaulieu International Group N.V., Shaw Industries Group, Inc., Brumar, Dorsett industries, Mannington Mills, Inc., Mohawk Industries, Inc., Tarkett S.A., and The Dixie Group among others.
Companies Mentioned
- Armstrong Flooring Inc.
- Balta Group
- Beaulieu International Group N.V.
- Shaw Industries Group Inc.
- Brumar
- Dorsett industries
- Mannington Mills Inc.
- Mohawk Industries Inc.
- Tarkett S.A.
- The Dixie Group
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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