Luxury Rugs & Carpets Market Key Findings by 2031
Luxury rugs and carpets are made of nylon, acrylic, polyester, olefin, wool and other materials. The high quality wool, silk or other natural materials made rugs and carpets as luxurious. The carpets used as a floor covering on the pile and rugs are smaller than room size and not attached to the floor. A carpet and rugs can be used for the purposes such as insulating an individual's feet from cold, from rough or cold tiles, for the purpose of sitting comfortably on a floor, to decorate the home or commercial areas.
MARKET DYNAMICS
Luxury rugs and carpets are decorative textiles for commercial and residential applications. The manufacturers are inclined towards the use of luxurious raw material, as the consumers prefer high quality, decorative textiles, non-geometrical, innovative designs, and attracting towards bold colors. Moreover, the rising disposable income and standard of living, and adoption of a status symbol for different identities in society are the key factors that are driving the luxury rugs and carpets market all over the world. In addition, the growing commercial and industrial areas prefer these luxurious carpets and rugs to attract consumers and play a vital role in the growing luxury rugs and carpets market globally.
MARKET SCOPE
The "Global Luxury Rugs and Carpets Market Analysis to 2031" is a specialized and in-depth study of consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the luxury rugs and carpets market with detailed market segmentation by product type and application. The global luxury rugs and carpets market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading luxury rugs and carpets market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global luxury rugs and carpets market is segmented into product type and application. Based on product type, the global luxury rugs and carpets market is segmented into floor mats and carpets. By application, the global luxury rugs and carpets market is classified into commercial and residential.
REGIONAL FRAMEWORK
The report provides a detailed overview of the luxury rugs and carpets industry, including both qualitative and quantitative information. It provides an overview and forecast of the global luxury rugs and carpets 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 luxury rugs and carpets 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 luxury rugs and carpets 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 luxury rugs and carpets market in these regions.
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The report provides a detailed overview of the luxury rugs and carpets industry, including both qualitative and quantitative information. It provides an overview and forecast of the global luxury rugs and carpets 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 luxury rugs and carpets 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 luxury rugs and carpets 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 luxury rugs and carpets market in these regions.
MARKET PLAYERS
The report covers vital developments in the luxury rugs and carpets 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 payers from the luxury rugs and carpets market are anticipated to lucrative growth opportunities in the future with the rising demand for luxury rugs and carpets in the global market. Below mentioned is the list of few companies engaged in the luxury rugs and carpets market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the luxury rugs and carpets 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.
- PERENNIALS
- ABINGDON FLOORING LTD.
- Tai Ping Carpets International Limited
- Mannington Commercial
- GG Bailey
- Americo Manufacturing.
- Ranco Industries,
- M+A Matting
- The Rug Company
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Luxury Rugs & Carpets Market - By Product Type
1.3.2 Luxury Rugs & Carpets Market - By Application
1.3.3 Luxury Rugs & Carpets Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. LUXURY RUGS & CARPETS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. LUXURY RUGS & CARPETS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. LUXURY RUGS & CARPETS MARKET - GLOBAL MARKET ANALYSIS
6.1. LUXURY RUGS & CARPETS - GLOBAL MARKET OVERVIEW
6.2. LUXURY RUGS & CARPETS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. LUXURY RUGS & CARPETS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. FLOOR MATS
7.3.1. Overview
7.3.2. Floor mats Market Forecast and Analysis
7.4. CARPET
7.4.1. Overview
7.4.2. Carpet Market Forecast and Analysis
8. LUXURY RUGS & CARPETS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. COMMERCIAL
8.3.1. Overview
8.3.2. Commercial Market Forecast and Analysis
8.4. RESIDENTIAL
8.4.1. Overview
8.4.2. Residential Market Forecast and Analysis
9. LUXURY RUGS & CARPETS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Luxury Rugs & Carpets Market Overview
9.1.2 North America Luxury Rugs & Carpets Market Forecasts and Analysis
9.1.3 North America Luxury Rugs & Carpets Market Forecasts and Analysis - By Product Type
9.1.4 North America Luxury Rugs & Carpets Market Forecasts and Analysis - By Application
9.1.5 North America Luxury Rugs & Carpets Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Luxury Rugs & Carpets Market
9.1.5.1.1 Canada Luxury Rugs & Carpets Market by Product Type
9.1.5.1.2 Canada Luxury Rugs & Carpets Market by Application
9.1.5.2 Mexico Luxury Rugs & Carpets Market
9.1.5.2.1 Mexico Luxury Rugs & Carpets Market by Product Type
9.1.5.2.2 Mexico Luxury Rugs & Carpets Market by Application
9.1.5.3 US Luxury Rugs & Carpets Market
9.1.5.3.1 US Luxury Rugs & Carpets Market by Product Type
9.1.5.3.2 US Luxury Rugs & Carpets Market by Application
9.2. EUROPE
9.2.1 Europe Luxury Rugs & Carpets Market Overview
9.2.2 Europe Luxury Rugs & Carpets Market Forecasts and Analysis
9.2.3 Europe Luxury Rugs & Carpets Market Forecasts and Analysis - By Product Type
9.2.4 Europe Luxury Rugs & Carpets Market Forecasts and Analysis - By Application
9.2.5 Europe Luxury Rugs & Carpets Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Luxury Rugs & Carpets Market
9.2.5.1.1 Germany Luxury Rugs & Carpets Market by Product Type
9.2.5.1.2 Germany Luxury Rugs & Carpets Market by Application
9.2.5.2 France Luxury Rugs & Carpets Market
9.2.5.2.1 France Luxury Rugs & Carpets Market by Product Type
9.2.5.2.2 France Luxury Rugs & Carpets Market by Application
9.2.5.3 Italy Luxury Rugs & Carpets Market
9.2.5.3.1 Italy Luxury Rugs & Carpets Market by Product Type
9.2.5.3.2 Italy Luxury Rugs & Carpets Market by Application
9.2.5.4 United Kingdom Luxury Rugs & Carpets Market
9.2.5.4.1 United Kingdom Luxury Rugs & Carpets Market by Product Type
9.2.5.4.2 United Kingdom Luxury Rugs & Carpets Market by Application
9.2.5.5 Russia Luxury Rugs & Carpets Market
9.2.5.5.1 Russia Luxury Rugs & Carpets Market by Product Type
9.2.5.5.2 Russia Luxury Rugs & Carpets Market by Application
9.2.5.6 Rest of Europe Luxury Rugs & Carpets Market
9.2.5.6.1 Rest of Europe Luxury Rugs & Carpets Market by Product Type
9.2.5.6.2 Rest of Europe Luxury Rugs & Carpets Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Luxury Rugs & Carpets Market Overview
9.3.2 Asia-Pacific Luxury Rugs & Carpets Market Forecasts and Analysis
9.3.3 Asia-Pacific Luxury Rugs & Carpets Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Luxury Rugs & Carpets Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Luxury Rugs & Carpets Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Luxury Rugs & Carpets Market
9.3.5.1.1 Australia Luxury Rugs & Carpets Market by Product Type
9.3.5.1.2 Australia Luxury Rugs & Carpets Market by Application
9.3.5.2 China Luxury Rugs & Carpets Market
9.3.5.2.1 China Luxury Rugs & Carpets Market by Product Type
9.3.5.2.2 China Luxury Rugs & Carpets Market by Application
9.3.5.3 India Luxury Rugs & Carpets Market
9.3.5.3.1 India Luxury Rugs & Carpets Market by Product Type
9.3.5.3.2 India Luxury Rugs & Carpets Market by Application
9.3.5.4 Japan Luxury Rugs & Carpets Market
9.3.5.4.1 Japan Luxury Rugs & Carpets Market by Product Type
9.3.5.4.2 Japan Luxury Rugs & Carpets Market by Application
9.3.5.5 South Korea Luxury Rugs & Carpets Market
9.3.5.5.1 South Korea Luxury Rugs & Carpets Market by Product Type
9.3.5.5.2 South Korea Luxury Rugs & Carpets Market by Application
9.3.5.6 Rest of Asia-Pacific Luxury Rugs & Carpets Market
9.3.5.6.1 Rest of Asia-Pacific Luxury Rugs & Carpets Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Luxury Rugs & Carpets Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Luxury Rugs & Carpets Market Overview
9.4.2 Middle East and Africa Luxury Rugs & Carpets Market Forecasts and Analysis
9.4.3 Middle East and Africa Luxury Rugs & Carpets Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Luxury Rugs & Carpets Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Luxury Rugs & Carpets Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Luxury Rugs & Carpets Market
9.4.5.1.1 South Africa Luxury Rugs & Carpets Market by Product Type
9.4.5.1.2 South Africa Luxury Rugs & Carpets Market by Application
9.4.5.2 Saudi Arabia Luxury Rugs & Carpets Market
9.4.5.2.1 Saudi Arabia Luxury Rugs & Carpets Market by Product Type
9.4.5.2.2 Saudi Arabia Luxury Rugs & Carpets Market by Application
9.4.5.3 U.A.E Luxury Rugs & Carpets Market
9.4.5.3.1 U.A.E Luxury Rugs & Carpets Market by Product Type
9.4.5.3.2 U.A.E Luxury Rugs & Carpets Market by Application
9.4.5.4 Rest of Middle East and Africa Luxury Rugs & Carpets Market
9.4.5.4.1 Rest of Middle East and Africa Luxury Rugs & Carpets Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Luxury Rugs & Carpets Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Luxury Rugs & Carpets Market Overview
9.5.2 South and Central America Luxury Rugs & Carpets Market Forecasts and Analysis
9.5.3 South and Central America Luxury Rugs & Carpets Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Luxury Rugs & Carpets Market Forecasts and Analysis - By Application
9.5.5 South and Central America Luxury Rugs & Carpets Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Luxury Rugs & Carpets Market
9.5.5.1.1 Brazil Luxury Rugs & Carpets Market by Product Type
9.5.5.1.2 Brazil Luxury Rugs & Carpets Market by Application
9.5.5.2 Argentina Luxury Rugs & Carpets Market
9.5.5.2.1 Argentina Luxury Rugs & Carpets Market by Product Type
9.5.5.2.2 Argentina Luxury Rugs & Carpets Market by Application
9.5.5.3 Rest of South and Central America Luxury Rugs & Carpets Market
9.5.5.3.1 Rest of South and Central America Luxury Rugs & Carpets Market by Product Type
9.5.5.3.2 Rest of South and Central America Luxury Rugs & Carpets Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. LUXURY RUGS & CARPETS MARKET, KEY COMPANY PROFILES
11.1. MOHAWK INDUSTRIES INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. PERENNIALS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ABINGDON FLOORING LTD.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. TAI PING CARPETS INTERNATIONAL LIMITED
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. MANNINGTON COMMERCIAL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. GG BAILEY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. AMERICO MANUFACTURING.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. RANCO INDUSTRIES,
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. M+A MATTING
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. THE RUG COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Mohawk Industries Inc.
2.PERENNIALS
3.ABINGDON FLOORING LTD.
4.Tai Ping Carpets International Limited
5.Mannington Commercial
6.GG Bailey
7.Americo Manufacturing.
8.Ranco Industries,
9.M+A Matting
10.The Rug Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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