According to the recent study the carpet and rug market is projected to reach an estimated $66 billion by 2030 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by the growth in construction and transportation industry and an increase in renovation activities. Consumers are moving towards bold attractive colors and non-geometrical designer patterns of carpet and rugs which also help to drive the demand in the market.
A more than 150–page
report is developed to understand trends, opportunities and forecast in carpet
and rug market by product (woven, tufted, knotted, and others), end use
(residential, non-residential [healthcare, education, hospitality, retail,
office, and others], and transportation), material (nylon, polyester,
polypropylene, and others), and region (North America, Europe, Asia Pacific,
and the Rest of the World).
Lucintel forecasts that
tufted is anticipated to be the largest product segment in the global carpet
and rug market over the forecast period, due to its low price with a variety of
designs
Within the global carpet
and rug market, residential, non- residential, and transportation are the major
end use segments. The residential end use segment is expected to remain the
largest and fastest growing market by value. Growth in demand for carpets and
rugs is largely dependent on housing renovation and new residential
construction, which are the major factors that would spur growth for this
segment over the forecast period.
Download sample by clicking on carpet and rug market
North America will
remain the largest region during the forecast period, due to continuous growth
in residential and commercial building construction activities. Asia Pacific is
expected to witness the fastest growth over the forecast period due to
development of infrastructure facilities and a surge in the real estate
industry.
Mohawk Industries, Inc.,
Shaw Industries, Interface, Oriental Weavers Group, and Tarkett are the major
supplier in the carpet and rug market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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