Carpets and Rugs Market to Reach USD 49.52 Bn by 2029, emerging at a CAGR of 4.7 percent and forecast 2023-2029

Carpets and Rugs Market Report Scope:

Our comprehensive report sheds light on the thriving global carpets and rugs market. With notable developments observed over the years, the market's growth is attributed to urbanization, rising disposable incomes, and evolving lifestyle preferences of consumers. Consumers are now more willing to invest in home decor and furnishings, aiming to elevate the aesthetics of their living spaces. Furthermore, the surge in home renovation and remodeling activities is anticipated to fuel the demand for carpets and rugs.

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Carpets and Rugs Market Research Methodology:

Our research methodology incorporates a thorough examination and validation of primary and secondary data sources. The market size for both top-level and sub-segments is calibrated, accounting for inflation, economic fluctuations, regulatory dynamics, and other variables affecting market forecasts. The estimation of market size and forecasts is executed using a bottom-up approach, while the percentages, market shares, and segment splits are determined by assigning weights based on utilization rates and average sale prices.

What are Carpets and Rugs Market Dynamics:

The carpets and rugs market has grown significantly over the years, owing to factors such as expanding urbanization, rising disposable income, and changing consumer lifestyle choices. Consumers are more eager to spend money on home design and furniture to improve the look of their living spaces. Furthermore, the increasing trend of house renovation and remodeling activities is predicted to increase demand for carpets and rugs.

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What is Carpets and Rugs Market Segmentation:

by Products Type

1.Woven
2.Tufted
3.Knotted
4.Needle-Punched
5.Flat-Weave
6.Hooked
7.Other

by Application

1.Residential
2.Commercial
3. Automotive applications

by Material

1.Nylon
2.Wool
3.Silk
4.Polyester
5.Triexta
6.Acrylic
7.Polypropylene
8.Other

by Distribution Channel

1.Offline
2.Online

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Who are Carpets and Rugs Market Key Players:

1.Mohawk Industries, Inc.
2.Shaw Industries Group Inc.
3.Genie Carpet Manufacturers
4.Royalty Carpet Cleaning & Flooring
5. Inter IKEA Systems B.V.
6.Beaulieu International Group
7.Engineered Floors LLC
8.Milliken & Company
9. Lowe's
10. Taekett
11.Home Depot
12.Interface, Inc.
13. Dixie Group, Inc.
14.Orientals Weavers
15. Tai Ping
16. Victoria PLC
17.Saif Carpets Pvt. Ltd
18.Genie Carpet Manufactures
19. KarpetsbyRKS
20. Marwar Carpets International

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Table of content for the Carpets and Rugs Market includes:

Carpets and Rugs Market : Research Methodology
Carpets and Rugs Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3.Carpets and Rugs Market : Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

4.Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Carpets and Rugs Market Regional Insights:

The North American market is expected to experience robust growth due to growing consumer interest in interior design, along with the trends of smart homes and real estate renovation and remodeling, especially in the United States. The U.S. has seen significant developments in the carpet and rug industry, largely influenced by shifts in home decoration and remodeling activities.

Asia Pacific held the second-largest market share in 2022 and is anticipated to exhibit substantial growth with a noteworthy CAGR during the forecast period. The region's market expansion is attributed to the burgeoning construction activities in both commercial and residential sectors and the increase in disposable income. Carpets and rugs are predominantly regarded as elements that transform spaces by adding comfort, warmth, and cushioning. A variety of rug types, including bedroom rugs, living room rugs, shag rugs, office rugs, wool rugs, and braided rugs, are favored in the Carpets and Rugs Market.

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Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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