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Global Carpet and Rugs Market to reach USD XX billion by the end of 2030.

Global Carpet and Rugs Market Size study & Forecast, by Type (Tufted, Woven, Needle-punched, Knotted, Others), By Distribution Channel (Mass Merchandisers, Home Centers, Specialty Stores, Other Distribution Channels), By Application (Residential, Commercial), and Regional Analysis, 2023-2030

Product Code: OIRBC-40806420
Publish Date: 20-02-2024
Page: 200

Global Carpet and Rugs Market is valued approximately at USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. 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 market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Carpet and Rugs Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market player included in this report are:

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

Recent Developments in the Market:
Ø In September 2022, Jacaranda, a U.K.-based rugs and carpet brand, collaborated with Tencel to unveil Seoni, the world’s pioneering collection of handwoven rugs and carpets. Notably, these products are crafted entirely from 100% true carbon-zero Tencel lyocell fibers, showcasing a commitment to enhancing the sustainability of home decorations and furnishings.
Ø In July 2022, Obeetee Carpets, an Indian-based manufacturer specializing in handwoven carpets, introduced a novel collection known as the Ajmmer collection. This innovative series of carpets draws inspiration exclusively from the architectural patterns and motifs found within the Ajmer Fort.
Global Carpet and Rugs Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Application, Type, Distribution Channel, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:

By Application:
By Distribution Channel:
Mass Merchandisers
Home Centers
Specialty Stores
Other Distribution Channels

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Carpet and Rugs Market, by region, 2020-2030 (USD Billion)
1.2.2. Carpet and Rugs Market, by Type, 2020-2030 (USD Billion)
1.2.3. Carpet and Rugs Market, by Distribution Channel, 2020-2030 (USD Billion)
1.2.4. Carpet and Rugs Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Carpet and Rugs Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Carpet and Rugs Market Dynamics
3.1. Carpet and Rugs Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing consumer inclination towards interior decoration Increased demand for environment-friendly carpets increased adoption of carpet tiles
3.1.2. Market Challenges High Raw Material Prices Shortage of Raw Materials
3.1.3. Market Opportunities Increasing importance of organized retailing Rise in Disposable Income
Chapter 4. Global Carpet and Rugs Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Carpet and Rugs Market, by Type
5.1. Market Snapshot
5.2. Global Carpet and Rugs Market by Type, Performance – Potential Analysis
5.3. Global Carpet and Rugs Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Carpet and Rugs Market, Sub Segment Analysis
5.4.1. Tufted
5.4.2. Woven
5.4.3. Needle-punched
5.4.4. Knotted
5.4.5. Others
Chapter 6. Global Carpet and Rugs Market, by Distribution Channel
6.1. Market Snapshot
6.2. Global Carpet and Rugs Market by Distribution Channel, Performance – Potential Analysis
6.3. Global Carpet and Rugs Market Estimates & Forecasts by Distribution Channel 2020-2030 (USD Billion)
6.4. Carpet and Rugs Market, Sub Segment Analysis
6.4.1. Mass Merchandisers
6.4.2. Home Centers
6.4.3. Specialty Stores
6.4.4. Other Distribution Channels
Chapter 7. Global Carpet and Rugs Market, by Application
7.1. Market Snapshot
7.2. Global Carpet and Rugs Market by Application, Performance – Potential Analysis
7.3. Global Carpet and Rugs Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
7.4. Carpet and Rugs Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
Chapter 8. Global Carpet and Rugs Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Carpet and Rugs Market, Regional Market Snapshot
8.4. North America Carpet and Rugs Market
8.4.1. U.S. Carpet and Rugs Market Type breakdown estimates & forecasts, 2020-2030 Distribution Channel breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Carpet and Rugs Market
8.5. Europe Carpet and Rugs Market Snapshot
8.5.1. U.K. Carpet and Rugs Market
8.5.2. Germany Carpet and Rugs Market
8.5.3. France Carpet and Rugs Market
8.5.4. Spain Carpet and Rugs Market
8.5.5. Italy Carpet and Rugs Market
8.5.6. Rest of Europe Carpet and Rugs Market
8.6. Asia-Pacific Carpet and Rugs Market Snapshot
8.6.1. China Carpet and Rugs Market
8.6.2. India Carpet and Rugs Market
8.6.3. Japan Carpet and Rugs Market
8.6.4. Australia Carpet and Rugs Market
8.6.5. South Korea Carpet and Rugs Market
8.6.6. Rest of Asia Pacific Carpet and Rugs Market
8.7. Latin America Carpet and Rugs Market Snapshot
8.7.1. Brazil Carpet and Rugs Market
8.7.2. Mexico Carpet and Rugs Market
8.8. Middle East & Africa Carpet and Rugs Market
8.8.1. Saudi Arabia Carpet and Rugs Market
8.8.2. South Africa Carpet and Rugs Market
8.8.3. Rest of Middle East & Africa Carpet and Rugs Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Victoria Plc6 Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Mohawk Industries, Inc.
9.3.3. Oriental Weavers Carpet Co.
9.3.4. Shaw Industries Group, Inc.
9.3.5. Tarkett S.A
9.3.6. The Dixie Group Inc
9.3.7. Milliken & Company
9.3.8. Tai Ping Carpets International Limited
9.3.9. Interface Inc.
9.3.10. Inter IKEA Group
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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