Carpet Market Size to Hit USD 86.2 Billion | Grow CAGR by 3.5%

𝐂𝐚𝐫𝐩𝐞𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐢𝐳𝐞

𝐒𝐮𝐦𝐦𝐚𝐫𝐲:

• The global carpet market size reached US$ 2.4 Billion in 2023.
• The market is expected to reach US$ 3.0 Billion by 2032, exhibiting a growth rate (CAGR) of 2.6% during 2024-2032.
• North America leads the market, accounting for the largest carpet market share.
• Nylon accounts for the majority of the market share in the material segment due to its ability to hold dye well.
• Economy holds the largest price point share in the carpet industry, owing to the availability of budget-friendly options without compromising on quality.
• Specialty stores remain a dominant segment in the market, as these stores provide expert advice and customization.
• The residential sector represents the leading end user segment, owing to the trend of home renovation and interior design.
• The rising utilization of carpets owing to their aesthetic appeal is a primary driver of the carpet market.
• The expansion of the real estate sector and commercial spaces are reshaping the carpet market.
Industry Trends and Drivers:

• 𝐑𝐢𝐬𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐏𝐫𝐞𝐟𝐞𝐫𝐞𝐧𝐜𝐞 𝐟𝐨𝐫 𝐇𝐨𝐦𝐞 𝐀𝐞𝐬𝐭𝐡𝐞𝐭𝐢𝐜𝐬 𝐚𝐧𝐝 𝐂𝐨𝐦𝐟𝐨𝐫𝐭:

The increasing demand for carpets, driven by the growing consumer focus on home aesthetics and comfort, is creating a positive outlook for the market. Moreover, the growing adoption of carpets by homeowners to serve practical purposes and enhance the visual appeal of their interiors is bolstering the market growth. Additionally, the rising availability of a wide variety of designs, colors, and textures in carpets is enhancing the market growth. Besides this, the ongoing trend of open floor plans in modern homes, leading to an increased use of carpets for defining spaces and creating a cohesive look, is fostering the market growth. Furthermore, the availability of customized carpets to match specific interior styles, as they seek to personalize their spaces, is fueling the market growth.

• 𝙂𝙧𝙤𝙬𝙩𝙝 𝙞𝙣 𝘾𝙤𝙢𝙢𝙚𝙧𝙘𝙞𝙖𝙡 𝙍𝙚𝙖𝙡 𝙀𝙨𝙩𝙖𝙩𝙚 𝙖𝙣𝙙 𝙊𝙛𝙛𝙞𝙘𝙚 𝙎𝙥𝙖𝙘𝙚𝙨:

The expansion of commercial real estate and office spaces is another major factor bolstering the market growth. Besides this, the burgeoning adoption of carpeting in commercial settings such as offices, hotels, and retail spaces due to its sound-dampening properties and ability to create a professional and welcoming atmosphere is acting as a growth-inducing factor. Moreover, the growth of corporate offices in urban areas, driving the demand for durable and high-traffic-resistant carpets, is contributing to the market growth. In addition to this, the heightened emphasis of businesses on employee comfort and productivity, boosting the preference for carpeted office spaces that reduce noise levels and provide a comfortable working environment, is stimulating the market growth.

• 𝐑𝐚𝐩𝐢𝐝 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐂𝐚𝐫𝐩𝐞𝐭 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠:

The development of advanced manufacturing techniques that allow for the production of carpets that are more durable, stain-resistant, and eco-friendly is positively impacting the market growth. Moreover, the introduction of new materials, such as recycled fibers and biodegradable options, to meet the growing consumer demand for sustainable products is fostering the market growth. Additionally, rapid advancements in carpet dyeing technology that enable manufacturers to offer a broader range of colors and patterns, providing more customization options for consumers, are fueling the market growth. Apart from this, the introduction of smart carpets, which can monitor temperature or detect foot traffic in commercial settings, is contributing to the market growth.

𝗥𝗲𝗾𝘂𝗲𝘀𝘁 𝗳𝗼𝗿 𝗮 𝘀𝗮𝗺𝗽𝗹𝗲 𝗰𝗼𝗽𝘆 𝗼𝗳 𝘁𝗵𝗶𝘀 𝗿𝗲𝗽𝗼𝗿𝘁:
https://www.imarcgroup.com/cognac-market/requestsample

𝗖𝗮𝗿𝗽𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗥𝗲𝗽𝗼𝗿𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁𝗮𝘁𝗶𝗼𝗻:

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗕𝘆 𝗠𝗮𝘁𝗲𝗿𝗶𝗮𝗹:

• Nylon
• Olefin
• Polyester
• Others

Nylon account for the majority of shares owing to their durability and resistance to wear.

𝐁𝐫𝐞𝐚𝐤𝐮𝐩 𝐁𝐲 𝐏𝐫𝐢𝐜𝐞 𝐏𝐨𝐢𝐧𝐭:

• Economy
• Luxury

Economy dominates the market as consumers prioritize affordability in their purchasing decisions.

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗕𝘆 𝗦𝗮𝗹𝗲𝘀 𝗖𝗵𝗮𝗻𝗻𝗲𝗹:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores

Specialty stores represents the majority of shares as they offer a wider selection of high-quality and tailored carpet solutions.

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗕𝘆 𝗘𝗻𝗱 𝗨𝘀𝗲𝗿:

• Residential
• Commercial

The residential sector holds the majority of shares due to their focus of homeowners on improving comfort and aesthetics.

𝗕𝗿𝗲𝗮𝗸𝘂𝗽 𝗕𝘆 𝗥𝗲𝗴𝗶𝗼𝗻:

North America holds the leading position owing to a large market for carpet driven by its well-established construction industry, high standard of living, and frequent home remodeling activities.

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

𝗧𝗼𝗽 𝗖𝗮𝗿𝗽𝗲𝘁 𝗠𝗮𝗿𝗸𝗲𝘁 𝗟𝗲𝗮𝗱𝗲𝗿𝘀:

The carpet market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

𝗦𝗼𝗺𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗸𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝗿𝗲:

• 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.

𝗕𝗿𝗼𝘄𝘀𝗲 𝗳𝘂𝗹𝗹 𝗿𝗲𝗽𝗼𝗿𝘁 𝘄𝗶𝘁𝗵 𝗧𝗢𝗖 & 𝗟𝗶𝘀𝘁 𝗼𝗳 𝗙𝗶𝗴𝘂𝗿𝗲𝘀:
https://www.imarcgroup.com/request?type=report&id=4196&flag=C

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.

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐮𝐬:
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𝗘𝗺𝗮𝗶𝗹: sales@imarcgroup.com
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