Carpets and Rugs Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Carpets and rugs add beauty and style to the living space. They enhance and brighten up the dark or gloomy rooms. They act as a passive air filter by trapping the dust particles, thus, keep the indoor breathing zone dust free. Moreover, they offer comfort and warmth during the winter season and at the areas where climate is considerably cold. Additionally, they absorb the noise of televisions, computers, home theatres, making the place peaceful.

MARKET DYNAMICS

Growing number of renovation and refurbishing activities and rising trend of interior designing are the crucial factor driving the growth of carpets & rugs market. Moreover, rapid urbanization and rising disposable income levels of consumers across the globe are the factors expected to fuel the market growth over the forecast period. However, high costs of raw materials leading to high product cost is expected to hinder the market growth.

MARKET SCOPE

The "Global Carpets & Rugs Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the carpets & rugs market with detailed market segmentation by product type, material, and end use. The global carpets & rugs market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading carpets & rugs market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global carpets & rugs market is segmented into product type, material, and end use. By product type, the carpets & rugs market is bifurcated into woven, tufted, needle-punched, knotted, flat weave, and others. By material, the carpets & rugs market is bifurcated into nylon, polyester, polypropylene, and others. By end use, the carpets & rugs market is bifurcated into residential and commercial.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the global carpets & rugs market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The carpets & rugs market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the carpets & rugs market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely; North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the carpets & rugs market in these regions.

MARKET PLAYERS

The report covers vital developments in the carpets & rugs market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the carpets & rugs market are anticipated to lucrative growth opportunities in the future with the rising demand for carpets & rugs in the global market. Below mentioned is the list of few companies engaged in the carpets & rugs market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the carpets & rugs market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Mohawk Industries, Inc.
  
•   Shaw Industries Group
  
•   Lowe's Companies, Inc.
  
•   Taekett S.A.
  
•   Home Depot, Inc.
  
•   Interface, Inc.
  
•   Dixie Group, Inc.
  
•   Orientals Weavers Carpet Company
  
•   Tai Ping Carpets International Limited
  
•   Victoria Plc
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Carpets and Rugs Report Scope