Industry Analysis
Carpets and Rugs Market was valued at USD 172.47 million in 2021 and is expected to reach USD 116.73 million by 2029, registering a CAGR of 5.00% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Carpets and Rugs Market research report has put forth a bench-marking example for a vibrant market that explores several recommendations and practical growth strategies in relation to the market. The market report covers a wide spectrum of regions and also focuses on key regions that include North America, Europe, Asia Pacific, Middle East, South America, and the Middle East Africa (MEA). The chapter of the competitive landscape is presented well in the market research report and is analyzed based on the tools such as Porter’s five forces analysis. The study throws light upon market attractiveness where all the segments are arranged based on the compound growth rate, size, and general attractiveness.
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Market Insights and Scope
Over the last few years, there has been an increasing focus on aesthetics aspect of buildings. Additionally, the increased demand for environment-friendly carpets and growing demand for contemporary area rugs further increase the overall growth for the market. These determinants boost market growth over the forecast period.
Global Carpets and rugs Market are popular because of their aesthetic and practical qualities. It's an addition to floor coverings that adds to the overall beauty of a house or office's decor. Rugs and carpets protect floors by adding a layer of padding. Rugs and carpets are a blessing for people who live in cold climates because they keep the floor from being too cold. The major applications of carpets and rugs involve commercial, residential and industries. In developed economies, carpets and rugs have higher demand.
An excellent Data bridge market research report covers the systematic and comprehensive market research study, to provide the facts and figures allied with any subject in the field of marketing. With the specific and state-of-the-art information presented in this industry report, businesses can be aware about the types of consumers, consumer’s demands and preferences, their perspectives about the product, their buying intentions, their response to particular product, and their varying tastes about the specific product already existing in the Chemical and Materials industry. Quality and transparency are strictly maintained while carrying out research studies to offer an exceptional market research report for specific niche.
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Industry Segmentation and Size
The carpets and rugs market is segmented on the basis of type, product, material, application and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Carpet
- Rugs
Product
- Woven
- Tufted
- Knotted
- Needle-Punched
- Flat-Weave
- Hooked
- Others
Material
- Synthetic Fiber
- Natural Fiber
Application
- Residential
- Commercial
- Industrial
- Institutional
Distribution Channel
- Supermarket/Hypermarkets
- Specialty Stores
- Online
- Others
Market Country Level Analysis
- The countries covered in the carpets and rugs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Industry Share Analysis
Some of the major players operating in the carpets and rugs market are
- Mohawk Industries, Inc. (U.S.)
- Shaw Industries Group Inc., (U.S.)
- Genie Carpet Manufacturers (India)
- Royalty Carpet Cleaning Flooring (U.S.)
- Inter IKEA Systems B.V. (Netherlands)
- Beaulieu International Group (Belgium)
- Engineered Floors LLC (U.S.)
- Milliken Company (U.S.)
- Lowe's (U.S.)
- Taekett (France)
- Home Depot (U.S.)
- Interface, Inc. (U.S.)
- Dixie Group, Inc. (U.S.)
- Orientals Weavers (Egypt)
- Tai Ping (China)
- Victoria PLC (U.K.)
Carpets and Rugs Market Report Answers the Following Questions:
What is the expected growth rate of the Carpets and Rugs Market during the forecast period?
What are the various factors that are likely to drive the growth of the Carpets and Rugs Market?
What are the major challenges faced by the Carpets and Rugs Market, and how are they being addressed?
Who are the key players operating in the Carpets and Rugs Market, and what are their strategies for growth?
What are the emerging trends in the Carpets and Rugs Market, and how are they expected to shape the market in the coming years?
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