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

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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