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Global Carpet and Rugs Market - Growth, Trends, and Forecast (2020 - 2025)

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  • 130 Pages
  • August 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 5175992
The global carpets and rugs market has witnessed substantial growth over the last few years, and the growth of the market is attributed to several factors. Increasing consumer inclination towards the interior decorations coupled with the rising per capita disposable income of the consumers is anticipated to propel the growth of the global carpets and rugs market during the forecast period. One of the major factors driving the growth of the global carpets and rugs market is the expansion of the transportation and construction industries. Consumers are making a move toward non-geometrical designer patterns and attractive bold colors in carpets and rugs, which is likely to drive the global carpets and rugs market in the coming years. The global carpet and rugs market is estimated to be influenced by the emerging trends of the market. Increased demand for environment-friendly carpets, growing demand for contemporary area rugs, and increased adoption of carpet tiles are likely to boost the global carpets and rugs market in the coming years. In recent years, developments have focused on making the products more environment-friendly, versatile, and durable, as well as easier to install and maintain.

Key Market Trends

Residential Segment is Driving the Market

Increases in housing starts and a strong interest in home renovation projects, such as the removal of worn or out-of-style carpets and rugs, will spur demand. The installation of new carpeting can improve a home’s appearance and boost its value. Carpets and rugs are often installed in newly built houses because of their moderate cost, ease of installation, and favorable aesthetics. Residential remodeling and replacement will continue to account for the largest share of carpet and rug demand as homeowners replace older or worn carpets and rugs with newer products that offer enhanced visuals or improved stain resistance.

North America Region is Dominant in the Market

North America has been one of the leading regions in the global carpets and rugs market and is expected to continue with the same in the forthcoming years. The rapid expansion of the construction and housing activities across the region, particularly in the United States is one of the primary factors fostering the growth of the carpets and rugs market in near future. High consumer interest in interior decoration is one of the significant factors for the rising growth of carpets & rugs market in the United States. Apart from that, increasing renovation and remodeling activities in real estate sectors in the United States has resulted in the massive demand for carpets & rugs over the last few years. The region has a high rate of innovation, which helps in propelling market growth. High disposable income leads to a high level of investments and better standards of living. The United States is one of the countries generating the highest revenue for the market.

Competitive Landscape

The report covers major international players operating in the carpet and rugs market. The major players are focusing on innovation, as well as on including advanced technologies in their existing products. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. In the future years, the companies are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, which states the carpets and rugs market.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Technological Innovations
4.7 Demand and Supply Conditions of Global Carpets and Rugs Market
4.8 Recent Developments in the Market
4.9 Impact of COVID-19 on the Market
5.1 Type
5.1.1 Tufted
5.1.2 Woven
5.1.3 Needle-punched
5.1.4 Knotted
5.1.5 Others
5.2 Distribution Channel
5.2.1 Mass Merchandisers
5.2.2 Home Centers
5.2.3 Specialty Stores
5.2.4 Other Distribution Channels
5.3 Application
5.3.1 Residential
5.3.2 Commercial
5.4 Geography
5.4.1 North America
5.4.2 South America
5.4.3 Europe
5.4.4 Asia-Pacific
5.4.5 Middle East & Africa
6.1 Market Competition Overview
6.2 Company Profiles
6.2.1 Mohawk Industries, Inc.
6.2.2 Shaw Industries Group, Inc.
6.2.3 Tarkett S.A
6.2.4 The Dixie Group Inc
6.2.5 Milliken & Company
6.2.6 Tai Ping Carpets International Limited
6.2.7 Interface Inc.
6.2.8 Oriental Weavers Carpet Co.
6.2.9 Victoria Plc
6.2.10 Inter IKEA Group

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Mohawk Industries, Inc.
  • Shaw Industries Group, Inc.
  • Tarkett S.A
  • The Dixie Group Inc
  • Milliken & Company
  • Tai Ping Carpets International Limited
  • Interface Inc.
  • Oriental Weavers Carpet Co.
  • Victoria Plc
  • Inter IKEA Group