Carpets and Rugs Market Analysis And Growth Rate Through 2024-2030

Global Carpets and Rugs Market size was valued at USD 37.58 Bn in 2023 and is expected to reach USD 51.84 Bn by 2030, at a CAGR of 4.7%.

Carpets and Rugs Market Overview

In both home and business settings, carpets and rugs are frequently employed as decorative elements. varieties of carpets and rugs, including their composition, patterns, and hues. This variety draws customers' attention to the purchase of these goods. Fuzzy carpets are a common choice for living room décor in homes these days. In the winter, it helps insulate a specific section of a floor and prevent the floor from being too cold. Traditionally crafted from plush fabrics like silk and wool, carpet rugs are becoming a key component of interior design schemes due to their beautiful appearance.

Carpets and Rugs Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Carpets and Rugs industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Carpets and Rugs Market Dynamics

Growing consumer desire for various carpet and rug styles will fuel industry expansion.

Not only do carpets look good, but they also keep floors from getting wet. Homes and businesses are soundproofed and insulated by them. The worldwide market for carpets and rugs is anticipated to grow as a result of growing employment and discretionary income of households, particularly those with two incomes. More consumers must purchase non-essential leisure items when their purchasing power increases.

Over time, the market for carpets and rugs has expanded significantly due to reasons such growing urbanisation, rising disposable income, and shifting consumer lifestyle choices. Nowadays, buyers are prepared to spend money on furniture and décor to improve the beauty of their homes.

The Advantages of Carpets and Rugs to Impact the Market's Demand for Carpets and Rugs

Everybody decorates their floors differently. People who live in warmer climates typically install hardwood or tile flooring, whereas people who live in colder climates typically cover their floors with carpets and rugs. This is due to the fact that carpets and rugs are aesthetically beautiful, insulating, noise-cancelling, and provide warmth for feet. It is anticipated that characteristics of the carpet and rug, such as colour and pattern variety, will generate a profitable prospect for market expansion.

Carpets and Rugs Market Segmentation

by Products Type

Woven
Tufted
Knotted
Needle-Punched
Flat-Weave
Hooked
Other

The carpet and rug market is divided into categories such as woven, tufted, knotted, needle-punched, flat-weave, hooked, and others based on the type of product. Due to its affordability and ease of upkeep, the tufted category led the market in 2023 with a share of over 50%. Tufted rugs are ideal for giving your decor that extra bit of upmarket flair. These rugs offer years of comfort and beauty, making them a durable addition to any home's interior design. The advantages include affordability, longevity, and availability in a range of sizes, shapes, colours, and textures. There are countless designs of tufted carpets and rugs to meet global market demand.

by Application

Residential
Commercial
Automotive applications

The market is divided into residential, commercial, and other segments based on the application. Because of the rising demand for home design items, the residential segment held a share of the market in 2023 of more than 60%. It is employed to improve a room's thermal and acoustic insulation as well as its visual appeal. To match any design, carpets come in an array of hues and textures. These elements therefore propel segment expansion in the global market. However, because of the growing demand for carpets and rugs in the hotel and tourism sectors, the commercial category is anticipated to develop at a significant rate throughout the projection period.

by Material

Nylon
Wool
Silk
Polyester
Triexta
Acrylic
Polypropylene
Other

by Distribution Channel

Offline
Online

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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:

Part 01: Executive Summary

Part 02: Scope of the Carpets and Rugs Market Report

Part 03: Global Carpets and Rugs Market Landscape

Part 04: Global Carpets and Rugs Market Sizing

Part 05: Global Carpets and Rugs Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

The global Carpets and Rugs market encompasses regions like North America, Asia Pacific, Europe, Middle East and Africa, and South America. Each region plays a significant role in shaping the market. For instance, the North America Carpets and Rugs Market is experiencing a rise in demand , driven by the adoption of electric and zero-emission vehicles for the non-tactical fleet of the U.S. military. The Asia Pacific region, on the other hand, is witnessing strong investments in Carpets and Rugs to bolster military capabilities.

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