How the Carpets and Rugs Market is Expanding in 2031

This Carpets and Rugs Market sector is rapidly evolving, with substantial growth and advancements expected by 2031. In-depth market research offers a comprehensive analysis of market size, share, and trends, providing crucial insights into its expansion. The report explores market segmentation and definitions, elucidating key components and drivers. Utilizing SWOT and PESTEL analyses, it evaluates the market's strengths, weaknesses, opportunities, and threats, as well as political, economic, social, technological, environmental, and legal factors. Expert Competitors Analysis insights and recent developments shed light on the geographical distribution and project the market's future trajectory, laying a strong foundation for strategic planning and investment.
What is the projected market size & growth rate of the Carpets and Rugs Market?
Market Analysis and Size
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 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.
Browse Detailed TOC, Tables and Figures with Charts which is spread across 350 Pages that provides exclusive data, information, vital statistics, trends, and competitive landscape details in this niche sector.
This research report is the result of an extensive primary and secondary research effort into the Carpets and Rugs market. It provides a thorough overview of the market's current and future objectives, along with a competitive analysis of the industry, broken down by application, type and regional trends. It also provides a dashboard overview of the past and present performance of leading companies. A variety of methodologies and analyses are used in the research to ensure accurate and comprehensive information about the Carpets and Rugs Market.
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Which are the driving factors of the Carpets and Rugs market?
The driving factors of the Carpets and Rugs market include technological advancements that enhance product efficiency and user experience, increasing consumer demand driven by changing lifestyle preferences, and favorable government regulations and policies that support market growth. Additionally, rising investment in research and development and the expanding application scope of Carpets and Rugs across various industries further propel market expansion.
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.)
Short Description About Carpets and Rugs Market:
The Global Carpets and Rugs market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
North America, especially The United States, will still play an important role which can not be ignored. Any changes from United States might affect the development trend of Carpets and Rugs. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.
Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.
Carpets and Rugs Market size is projected to reach Multimillion USD by 2031, In comparison to 2024, at unexpected CAGR during 2024-2031.
Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.
This report focuses on the Carpets and Rugs in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
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What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report. Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users. Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historical data and forecast (2024-2031) of the following regions are covered in Chapters
What are the key regions in the global Carpets and Rugs market?
• North America (United States, Canada and Mexico)
• Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
• Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
• South America (Brazil, Argentina, Columbia etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Detailed TOC of Global Carpets and Rugs Market Insights and Forecast to 2031
• Introduction
• Market Segmentation
• Executive Summary
• Premium Insights
• Market Overview
• Carpets and Rugs Market By Type
• Carpets and Rugs Market By Function
• Carpets and Rugs Market By Material
• Carpets and Rugs Market By End User
• Carpets and Rugs Market By Region
• Carpets and Rugs Market: Company Landscape
• SWOT Analysis
• Company Profiles
• Continued...

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