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Carpet Flooring Market worth $108.11 billion by 2030, growing at a CAGR of 5.23% - Exclusive Report by 360iResearch
Carpet Flooring Market | 360iResearch
The Global Carpet Flooring Market to grow from USD 75.61 billion in 2023 to USD 108.11 billion by 2030, at a CAGR of 5.23%.
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The carpet flooring market refers to the global industry responsible for the manufacturing, distributing, and selling carpet flooring products. Carpet flooring products are utilized in residential and commercial applications due to their aesthetic appeal, comfort, and functionality. Increasing urbanization and a booming construction sector, especially in emerging economies, have significantly driven the demand for carpet flooring. A shift in consumer preferences towards more aesthetic and comfortable living spaces has heightened the demand for high-quality carpet flooring. The increased emphasis on environmental sustainability has led to developing eco-friendly carpeting solutions, attracting environmentally conscious consumers. However, the rising popularity of alternative flooring options such as hardwood and vinyl plank flooring poses a significant challenge for market growth. The production and disposal of carpets, especially those made from non-recyclable materials, raise environmental concerns that can hamper market growth. Moreover, the expansion of the eco-friendly product range to meet growing environmental concerns is attracting new opportunities in the market. Ongoing investment in research and development to create innovative and recyclable materials are anticipated to generate significant growth potential in the market.
The carpet flooring market remains robust in the Americas region, propelled by a strong housing market and renovations. The trend in the United States and Canada leans towards eco-friendly and sustainable carpets, reflecting a broader consumer shift towards environmental responsibility. Major players are investing in recycling programs and green manufacturing processes, contributing to the market growth in the Americas region. The European Union enforces strict regulations on carpet manufacturing, focusing on environmental impact and consumer safety. EU consumers generally exhibit a high demand for luxury and high-quality carpets, with a notable interest in innovative designs and smart carpets equipped with IoT technologies. The EU market is witnessing a surge in research focused on sustainable materials and energy efficiency in carpet production. Carpet flooring in the Middle East is deeply rooted in cultural traditions, with a strong demand for luxurious and intricately designed carpets. Africa's carpet flooring market is emerging, with growth driven by urbanization and an increase in middle-class consumers. India and China dominate the Asia Pacific carpet flooring market with their vast manufacturing base, characterized by high-volume production focusing on both domestic and export markets. India's carpet market has a rich heritage, with a significant portion still dominated by traditional handwoven carpets. However, there is a growing shift towards modern, machine-made carpets due to urbanization and the expansion of the middle-class population in the region.
Market Segmentation & Coverage:
This research report categorizes the Carpet Flooring Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Material, market is studied across Acrylic, Nylon, Polyester, Polypropylene, and Wool. The Polyester is projected to witness significant market share during forecast period.
Based on Type, market is studied across Berber, Cut pile, Frieze, Loop pile, Patterned, Saxony, Shag, and Velvet. The Velvet is projected to witness significant market share during forecast period.
Based on Installation Method, market is studied across Carpet tiles, Loose lay carpet, Stretch-in installation, and Wall-to-wall carpeting. The Loose lay carpet is projected to witness significant market share during forecast period.
Based on Application, market is studied across Commercial and Residential. The Commercial is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 36.78% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Carpet Flooring Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Carpet Flooring Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Carpet Flooring Market, highlighting leading vendors and their innovative profiles. These include Aladdin Commercial Carpet, Anderson-Tuftex Stairs, Armstrong Flooring Inc., Axminster Carpets Ltd., Balta Industries NV, Beaulieu International Group, Bellbridge Carpets, Brintons Axminster Carpets, Brumark, CarpetOne Carpet, Catalina Carpet Mills Inc., CM Hospitality, Crossley Axminster, Dorsett Industries, EF Contract Broadloom, Engineered Floors Carpet Tile, Fabrica Carpet, Gulistan Carpets, Interface Inc., Mannington Mills Inc., Milliken & Company, Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett, and Victoria PLC.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Carpet Flooring Market, by Material
7. Carpet Flooring Market, by Type
8. Carpet Flooring Market, by Installation Method
9. Carpet Flooring Market, by Application
10. Americas Carpet Flooring Market
11. Asia-Pacific Carpet Flooring Market
12. Europe, Middle East & Africa Carpet Flooring Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Carpet Flooring Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Carpet Flooring Market?
3. What is the competitive strategic window for opportunities in the Carpet Flooring Market?
4. What are the technology trends and regulatory frameworks in the Carpet Flooring Market?
5. What is the market share of the leading vendors in the Carpet Flooring Market?
6. What modes and strategic moves are considered suitable for entering the Carpet Flooring Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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