With the emergence and long-term Impact of COVID-19, Global Carpets and Rugs Market to reach USD xx billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Carpets and Rugs Market points towards a potential rise to USD xx billion by 2030. Carpets and rugs are widely favored for their aesthetic appeal and practical functionality, serving as noteworthy additions to floor coverings that enhance the overall decor of homes or offices. Beyond their visual charm, these furnishings offer protective qualities by adding a layer of padding to floors. Particularly beneficial in colder climates, carpets and rugs serve as insulation, preventing the floor from becoming uncomfortably cold. The applications of these items span across various sectors, including commercial, residential, and industrial spaces.
Developed economies demonstrate a heightened demand for carpets and rugs. The market growth is driven by key factors such as increasing consumer inclination towards interior decoration, increased demand for environment-friendly carpets, and increased adoption of carpet tiles. As per Statista, in the year 2022, the sales volume of carpets and area rugs in the United States reached 11.45 billion square feet. The floor covering market encompasses a diverse range of options, including carpet, tile, wood, and laminate. However, high raw Material Prices, and shortage of raw Materials stifle carpets and rugs market growth throughout the forecast period of 2023-2030.
Geographically, the global Carpet and Rugs market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America has consistently maintained a prominent position and expected to be the fastest growing in the global carpets and rugs market and is anticipated to sustain this momentum in the years ahead. The accelerated growth of construction and housing activities, particularly in the United States, stands out as a key driver fueling the expansion of the carpets and rugs market in the near future. The considerable interest among consumers in interior decoration plays a pivotal role in propelling the growth of the carpets and rugs market in the United States.
The global Carpet and Rugs market is highly competitive owing to the presence of several key players such as Victoria Plc6 Mohawk Industries, Inc. Oriental Weavers Carpet Co. Shaw Industries Group, Inc. Tarkett S.A The Dixie Group Inc Milliken & Company Tai Ping Carpets International Limited Interface Inc. Inter IKEA Group, and others.
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Key findings of the study suggest:
- Global Carpet and Rugs Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In the Type segment, Woven emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to increasing construction and housing activities in the region.
- Asia Pacific is expected to grow at higher rate owing to considerable interest among consumers in the region
Bizwit Research & Consulting has considered following segments for the study:
By Type:
- Tufted
- Woven
- Needle-punched
- Knotted
- Others
By Application:
- Residential
- Commercial
By Distribution Channel:
- Mass Merchandisers
- Home Centers
- Specialty Stores
- Other Distribution Channels
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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