Carpet And Rugs Market | Contrive Datum Insights

The Global Carpets & Rugs Market Was Estimated To Be Worth USD 78.12 Billion In 2021 And Is Expected To Reach USD 82.12 Billion In 2022 And Is Anticipated To Reach USD 120 Billion By 2030, With A CAGR Of Around 5.5% Between 2022 And 2030.

Carpet and Rugs Market Overview:

Carpets and rugs are decorative textiles, usually made of thick material. It is now generally used as a floor covering. They are available in a variety of beautiful patterns and bold colors, making them extremely attractive. These are more environmentally friendly, affordable, versatile, durable, and easier to install and maintain. In addition to covering the floor, it also provides non-slip and thermal insulation for the floor. Rugs and rugs are a blessing for people in regions with colder climates as it helps keep floors warm.

Rugs and cushions provide comfort for those sitting on the floor and also reduce the sound of walking. Carpets are used in industrial and residential settings such as retail stores and hotels as well as private homes. Today, rugs and rugs come in a wide variety of varieties, ranging in price and quality, from cheap synthetic rugs mass-produced in factories to expensive and more durable hand-knotted wool rugs used in private homes to provide a decorative style.

The carpet and rugs market refers to the industry involved in the production, distribution, and sale of carpets and rugs. Carpets are textile floor coverings that are typically made of woven or tufted fabric, while rugs are similar floor coverings but are usually smaller in size and can be made of various materials such as wool, synthetic fibers, or natural fibers like jute or sisal.

The market encompasses a wide range of products, including residential carpets and rugs, commercial carpets for offices and businesses, and specialized carpets for industries such as hospitality and healthcare. Carpets and rugs are used for both functional and decorative purposes, providing comfort underfoot, insulation, noise reduction, and enhancing the aesthetics of interior spaces.

The carpet and rugs market involves various stakeholders such as manufacturers, wholesalers, retailers, and e-commerce platforms. Manufacturers produce carpets and rugs using different manufacturing techniques, materials, and designs to cater to diverse customer preferences and requirements. Wholesalers distribute these products to retailers, who then sell them to consumers through various channels, including physical stores, online platforms, and home furnishing outlets.

Key Market Updates:

• In December 2022, SHAW Group Industries developed a carpet tile manufacturing facility in Georgia at a cost of US$85 million. There is an industry impression of geographic scope after this development.

Major Market Segments Covered in Carpet and Rugs Market Industry Research:

• Mohawk Industries
• Taekett
• Shaw Industries Group
• Dixie Group
• Home Depot
• Tai Ping Carpets International
• Interface
• Victoria
• Others.

Key Vendors:

1. Mohawk Industries: Mohawk Industries is a leading global flooring manufacturer that produces carpets, rugs, hardwood flooring, laminate flooring, luxury vinyl tile, and other flooring products. The company offers a wide range of residential and commercial carpet and rug options under various brands, including Mohawk, Karastan, and Durkan.

2. Tarkett: Tarkett is a multinational flooring company that manufactures and distributes a diverse range of flooring solutions, including carpets, rugs, vinyl flooring, laminate flooring, and sports surfaces. Tarkett offers products for residential, commercial, and industrial applications, focusing on sustainability and innovative design.

3. Shaw Industries Group: Shaw Industries Group is one of the largest carpet manufacturers in the world. It produces and distributes a wide range of flooring solutions, including carpets, rugs, hardwood flooring, luxury vinyl tile, and laminate flooring. Shaw's products cater to both residential and commercial markets, with a focus on quality, design, and sustainability.

4. Dixie Group: Dixie Group is a U.S.-based carpet manufacturer that specializes in high-end carpets and rugs for residential and commercial use. The company offers a range of carpet styles, designs, and textures, focusing on quality craftsmanship and innovative designs.

5. The Home Depot: While not a carpet manufacturer, The Home Depot is a major retailer of home improvement and building products, including carpets and rugs. The company offers a wide selection of carpets and rugs from various brands, catering to different customer preferences and budgets.

By Type:

• Woven
• Tufted
• Knotted
• Needle-Punched

1. Woven: Woven carpets and rugs are made by interlacing warp (lengthwise) and weft (crosswise) yarns on a loom. This technique creates a tightly woven structure, resulting in durable and long-lasting products. Woven carpets can have intricate patterns, designs, and textures. Examples of woven carpets include Axminster and Wilton carpets.

2. Tufted: Tufted carpets and rugs are made by inserting yarns into a backing material, creating loops or cut piles. This technique allows for fast production and versatility in design. Tufted carpets can be produced in various styles, from low pile to high pile, and can be easily customized with different colors and patterns. They are commonly used in residential and commercial applications.

3. Knotted: Knotted carpets and rugs are made by hand or using machines that tie knots to create the pile. This technique involves individually tying each yarn to the foundation material, resulting in a dense and luxurious product. Hand-knotted rugs are often considered high-end and can be highly intricate and valuable due to the craftsmanship involved. Oriental rugs are a well-known example of hand-knotted rugs.

4. Needle-Punched: Needle-punched carpets and rugs are produced by mechanically interlocking fibers using barbed needles. This technique involves punching the fibers through a backing material, entangling them to create a cohesive structure. Needle-punched carpets are commonly used in applications that require durability, such as outdoor carpets or carpets for high-traffic areas.

By Application:

• Residential
• Non-Residential

1. Residential: Residential carpets and rugs are specifically designed for use in homes, apartments, and other living spaces. These carpets are often chosen based on factors such as comfort, aesthetics, and durability. Residential carpets come in various styles, colors, and pile heights to suit different preferences and interior design schemes. They are commonly installed in living rooms, bedrooms, hallways, and other areas of the house where comfort and warmth underfoot are desired.

2. Non-residential: Non-residential carpets and rugs are designed for use in commercial, industrial, and institutional spaces that are not primarily residential in nature. These include offices, retail stores, hotels, restaurants, healthcare facilities, educational institutions, and more. Non-residential carpets are typically chosen based on factors such as durability, ease of maintenance, and design versatility to meet the specific requirements of these environments. They are often subjected to higher foot traffic and may need to meet certain safety and performance standards.

Based on Region:

The North America region is expected to account for a major share of the global market owing to high consumer demand for new smart housing facilities in countries such as the U.S. and Canada. U.S. new home sales rose 1.5 percent in 2018 from 2017, according to data provided by the Federation of American Scientists. Moreover, rising living standards of the population in the region has resulted in high demand for such products among consumers in the region. the area.

Asia Pacific is expected to witness the fastest growth over the forecast period 2022-2030 owing to active government support for the development of transportation facilities such as railways, buses, and aviation in countries such as India, Vietnam, and Indonesia. This is likely to drive the growth of the Area demand for vinyl flooring carpets commonly used on buses, trains and airplanes. For example, in December 2021, the Indian government launched the Pradhan Mantri Gram Sadak Yojana with an investment of nearly $10,931.6 million to create better road connectivity between villages and hospitals, schools, and agricultural markets. Such a move is likely to boost the development of bus transport facilities in India, thereby catering to the demand for vinyl flooring carpets.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Market Dynamics:

1. Consumer Demand: Consumer preferences for carpets and rugs, including design, texture, and sustainability, play a significant role in shaping the market.
2. Economic Conditions: Economic factors such as disposable income, housing market trends, and construction activities impact the demand for carpets and rugs.
3. Interior Design Trends: Changing interior design preferences and trends influence the demand for carpets and rugs as they are essential elements in enhancing the aesthetics of a space.
4. Environmental Regulations: Increasing focus on sustainability and eco-friendly practices has driven the market towards the use of recyclable materials and greener manufacturing processes.

Market Restraints:

1. Competition from Other Flooring Options: Carpets and rugs face competition from alternative flooring options such as hardwood, laminate, and vinyl flooring.
2. Pricing and Cost Factors: Price sensitivity among consumers and fluctuations in raw material costs can impact the affordability and profitability of carpets and rugs.

Market Trends:

1. Sustainability and Eco-Friendly Materials: There is a growing demand for carpets and rugs made from recycled materials, natural fibers, and environmentally friendly manufacturing processes.
2. Customization and Personalization: Consumers are seeking carpets and rugs that can be customized to their specific design preferences, sizes, and colors.
3. Technology Integration: Integration of technology, such as smart features and connectivity, is becoming more common in carpets and rugs, offering added functionality and convenience.

Market Drivers:

1. Increasing Construction Activities: The growth in construction, particularly in the residential and commercial sectors, drives the demand for carpets and rugs.
2. Renovation and Remodeling: Homeowners and businesses undertaking renovation and remodeling projects often include the installation of new carpets and rugs.
3. Rising Disposable Income: Growing disposable income levels contribute to increased consumer spending on home decor, including carpets and rugs.

Challenges:

1. Maintenance and Cleaning: Carpets and rugs require regular maintenance and cleaning, which can be a challenge for some consumers, impacting their choice of flooring options.
2. Allergies and Health Concerns: Carpets can trap allergens and dust, posing challenges for individuals with allergies or respiratory conditions.

Opportunities:

1. Online Retail and E-Commerce: The growth of online shopping platforms provides an opportunity for carpet and rug manufacturers and retailers to reach a wider customer base and expand their market presence.
2. Emerging Markets: The increasing urbanization and rising disposable income in emerging markets present opportunities for market expansion and growth.

Scope of Report :

Conclusion:
                   In conclusion, the carpet and rugs market is a dynamic industry driven by consumer demand, economic conditions, interior design trends, and environmental regulations. The market offers a wide range of carpets and rugs for residential and non-residential applications, catering to various preferences and requirements.

Sustainability and eco-friendly practices have become important considerations in the market, with a focus on recyclable materials, organic dyes, and reduced carbon footprint. Customization, personalization, and technology integration are emerging trends, providing consumers with more options and added functionality in their carpets and rugs.

Key Takeaways from this Carpet and Rugs Market Report

• Estimate Carpet and Rugs Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Carpet and Rugs Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.