Carpet Market Size Demand, Growth Driver, Manufacturers and Forecast 2023-2028

IMARC Group has recently released a new research study titled "Carpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the carpet market?

The global carpet market size reached US$ 60.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 77.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.27% during 2023-2028.

What is carpet?

Carpet refers to a textile floor covering that is typically made from wool or synthetic fibers such as nylon, polyester, or polypropylene. The manufacturing process involves several stages, including spinning, dyeing, weaving or tufting, and finishing, leading to a product that is not only functional but also aesthetic, making carpet an essential element in the global interior décor market.

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Carpet Market Trends and Growth Drivers: 

The growing emphasis on interior decoration and the increasing preference for comfortable and stylish flooring solutions are crucial factors driving the expansion of the carpet market globally. Alongside this trend, carpet is being acknowledged as an integral element in residential and commercial spaces, significantly contributing to market growth.

Moreover, advancements in carpet manufacturing technology are enabling the production of carpets with a diverse range of designs, materials, and functionalities, further propelling market growth. The focus on comfortable living and working spaces, sustainability, and product safety is escalating the demand for carpets, as they align with these principles. This aspect, combined with increasing consumer awareness regarding the aesthetic and functional benefits of carpets, is stimulating market growth.

In addition, the rising demand from households, offices, hotels, and other establishments for varied and appealing carpet solutions is accelerating market expansion. Furthermore, the need for compliance with regulations regarding product safety, quality standards, and environmental sustainability is fueling the market's growth. The potential economic benefits from effective carpet manufacturing, due to its efficiency and market appeal, are fostering demand. The global design and manufacturing landscape, along with governmental policies supporting sustainable practices and high-quality products, is creating a positive market outlook.

Other factors, such as investments in research for developing innovative carpet designs and manufacturing techniques, and the emergence of companies specializing in carpet production technology, are propelling market growth worldwide.

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What is included in market segmentation?

The report has segmented the market into the following categories:

Breaakup by Material Insights:

• Nylon
• Olefin
• Polyester
• Others

Breaakup by Price Point Insights:

• Economy
• Luxury

Breaakup by Sales Channel Insights:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores

Breaakup by End User Insights:

• Residential
• Commercial

Market Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Explore Full Report Description At: https://www.imarcgroup.com/carpet-market

Who are the key players operating in the industry?

The report covers the major market players including: 

• Armstrong Flooring Inc.
• Balta Industries nv.
• Beaulieu International Group
• Brumark, Dorsett Industries
• Interface Inc.
• Mannington Mills Inc.
• Milliken & Company
• Mohawk Industries Inc.
• Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
• Tarkett
• Victoria PLC

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

You Might Read Also:

Top Manufacturers in the Carpet Industry: https://www.imarcgroup.com/top-carpet-manufacturers-companies-brands

Carpet Manufacturing Plant Project Report 2023: https://www.imarcgroup.com/carpet-manufacturing-plant-project-report

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About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC Group's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.