Global Carpets and Rugs Market: Overview

Rugs and carpets are any decorative textile that is usually made of a thick material. It is now generally used as a covering for floor. The global carpets and rugs market is likely to observe considerable growth over the period of assessment due to growing interest in the product for interior decoration.

The future of the global carpets and rugs market looks lucrative with opportunities in the transportation, non-residential, and residential segments. One of the major factors driving the growth of the global carpets and rugs market is the expansion of the transportation and construction industries. Consumers are making a move toward non-geometrical designer patterns and attractive bold colors in carpets and rugs, which is likely to drive the global carpets and rugs market in the coming years.  

Type, material, application, distribution channel, and region are the five key parameters based on which the global carpets and rugs market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

To gauge the scope of customization in our reports Ask for a Sample

Global Carpets and Rugs Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global carpets and rugs market is mentioned below:

  • In July 2018, US-based Mohawk Industries, Inc. has made acquisition of Godfrey Hirst Group. The latter is a prominent flooring company in New Zealand and Australia. Godfrey Hirst is one of the prominent vertically integrated flooring operation in New Zealand and Australia. It provides hard surface, modular carpet, and broadloom products for both commercial and residential applications. The acquisition is likely to reinforce the leading position of Mohawk Industries across the globe.

Some well-known organizations in the global carpets and rugs market comprise the below-mentioned:

  • Mohawk Industries Inc.
  • Tarkett SA
  • Tai Ping Carpets International Limited
  • IKEA International Inc
  • Amoco Fabrics and Fiber Co
  • The Dixie Group Inc

Looking for Regional Analysis or Competitive Landscape in Global Carpets and Rugs Market, ask for a customized report

Global Carpets and Rugs Market: Key Trends

The following drivers, restraints, and opportunities characterize global carpets and rugs market over the assessment period, from 2019 to 2027.

Increased Demand for Eco-friendly Carpets Estimated to Bolster Demand

The global carpets and rugs market is estimated to be influenced by the emerging trends of the market. Increased demand for environment friendly carpets, growing demand for contemporary area rugs, and increased adoption of carpet tiles are likely to boost the global carpets and rugs market in the coming years.

The rising popularity of interior decoration amongst the consumers has further spurred demand for carpets and rugs. In addition, rising demand for natural and biodegradable products like jute is expected to drive the market in the years to come.

In addition, homeowners are expressing augmented interest in comfortable houses and beautiful interiors, which is estimated to support growth of the market over the period of projection. Plush carpeting in the bedrooms and living rooms of houses together with physically comfortable environment is expected to encourage growth of the market in the years to come. Manufacturers are pushing for the sales of plush carpets through effective marketing strategies and attractive branding.

In addition, the global carpets and rugs market are expected to observe considerable growth due to hassle-free installation, reasonable price, and attractive aesthetics. Furthermore, increase in the disposable income of the people are enabling people to spend for carpets and rugs to improve the feel and look of any atmosphere, be it commercial or residential.

Global Carpets and Rugs Market: Geographical Analysis

North America has been one of the leading regions in the global carpets and rugs market and is expected to continue with the same in the forthcoming years. The rapid expansion of the construction and housing activities across the region, particularly in the US is one of the primary factors fostering growth of the carpets and rugs market in near future.

Global Carpets and Rugs Market: Overview

Rugs and carpets are any decorative textile that is usually made of a thick material. It is now generally used as a covering for floor. The global carpets and rugs market is likely to observe considerable growth over the period of assessment due to growing interest in the product for interior decoration.

The future of the global carpets and rugs market looks lucrative with opportunities in the transportation, non-residential, and residential segments. One of the major factors driving the growth of the global carpets and rugs market is the expansion of the transportation and construction industries. Consumers are making a move toward non-geometrical designer patterns and attractive bold colors in carpets and rugs, which is likely to drive the global carpets and rugs market in the coming years.  

Type, material, application, distribution channel, and region are the five key parameters based on which the global carpets and rugs market has been divided. The objective of such segmentation is to offer a clearer, 360-degree view of the market.

To gauge the scope of customization in our reports Ask for a Sample

Global Carpets and Rugs Market: Notable Developments

One of the developments that offer a glimpse of the market dynamics about the global carpets and rugs market is mentioned below:

  • In July 2018, US-based Mohawk Industries, Inc. has made acquisition of Godfrey Hirst Group. The latter is a prominent flooring company in New Zealand and Australia. Godfrey Hirst is one of the prominent vertically integrated flooring operation in New Zealand and Australia. It provides hard surface, modular carpet, and broadloom products for both commercial and residential applications. The acquisition is likely to reinforce the leading position of Mohawk Industries across the globe.

Some well-known organizations in the global carpets and rugs market comprise the below-mentioned:

  • Mohawk Industries Inc.
  • Tarkett SA
  • Tai Ping Carpets International Limited
  • IKEA International Inc
  • Amoco Fabrics and Fiber Co
  • The Dixie Group Inc

Looking for Regional Analysis or Competitive Landscape in Global Carpets and Rugs Market, ask for a customized report

Global Carpets and Rugs Market: Key Trends

The following drivers, restraints, and opportunities characterize global carpets and rugs market over the assessment period, from 2019 to 2027.

Increased Demand for Eco-friendly Carpets Estimated to Bolster Demand

The global carpets and rugs market is estimated to be influenced by the emerging trends of the market. Increased demand for environment friendly carpets, growing demand for contemporary area rugs, and increased adoption of carpet tiles are likely to boost the global carpets and rugs market in the coming years.

The rising popularity of interior decoration amongst the consumers has further spurred demand for carpets and rugs. In addition, rising demand for natural and biodegradable products like jute is expected to drive the market in the years to come.

In addition, homeowners are expressing augmented interest in comfortable houses and beautiful interiors, which is estimated to support growth of the market over the period of projection. Plush carpeting in the bedrooms and living rooms of houses together with physically comfortable environment is expected to encourage growth of the market in the years to come. Manufacturers are pushing for the sales of plush carpets through effective marketing strategies and attractive branding.

In addition, the global carpets and rugs market are expected to observe considerable growth due to hassle-free installation, reasonable price, and attractive aesthetics. Furthermore, increase in the disposable income of the people are enabling people to spend for carpets and rugs to improve the feel and look of any atmosphere, be it commercial or residential.

Global Carpets and Rugs Market: Geographical Analysis

North America has been one of the leading regions in the global carpets and rugs market and is expected to continue with the same in the forthcoming years. The rapid expansion of the construction and housing activities across the region, particularly in the US is one of the primary factors fostering growth of the carpets and rugs market in near future.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Regional Analysis Includes-

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa (MEA)

Reports Highlights:        

  • A detailed overview of parent market
  • Changing fruit tray market dynamics in the industry
  • In-depth fruit tray market segmentation
  • Historical, current, and projected market size regarding volume and value
  • Recent industry trends and developments in the fruit tray market
  • Competitive landscape
  • Strategies for key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for players to sustain and enhance their market footprint

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Carpets And Rugs Market

Pre Book