Carpets and Rugs Market size was valued at USD 37.58 Bn in 2023 and is expected to reach USD 51.84 Bn by 2030, at a CAGR of 4.7%.

Carpets and Rugs Market Overview

Maximise Market Research is a business consultancy firm that has provided a comprehensive analysis of the "Carpets and Rugs Market". The research covers essential business insights, demand analysis, pricing analysis, and the competitive landscape. The research thoroughly analyses the current condition of the Carpets and Rugs market and makes estimates for 2030.

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Market Dynamics:

Increasing demand for various designs of carpets and rugs will fuel market expansion.
Carpets are both functional and ornamental, and they protect the flooring from moisture. They insulate and soundproof houses and businesses. The global carpets and rugs market is predicted to grow as employment and disposable income among households, particularly those with two incomes, rise. With increased spending power, more customers are forced to buy non-essential leisure items.

Carpets and Rugs Market Scope and Methodology:

The approach is explained in the paper and is based on descriptive analysis using SWOT analysis to provide investors with relevant insights. The report's primary focus is a complete evaluation of the Carpets and Rugs market questionnaires and other methods, which are analysed numerically, statistically, and mathematically, including data collection and analysis to identify Carpets and Rugs market trends through research.

Following a thorough evaluation of the situation, the report concludes that there are huge opportunities in the Carpets and Rugs market, including R&D activities, new industrial processes, novel forms of development, and Carpets and Rugs market consolidations and acquisitions. The study focuses on the top players' strategies, portfolios, organisational structures, and astute analysis. To detect market trends, a comprehensive SWOT analysis and PESTLE review were conducted.

Carpets and Rugs Market Segmentation:

by Products Type
Woven
Tufted
Knotted
Needle-Punched
Flat-Weave
Hooked
Other

by Application
Residential
Commercial
Automotive applications

The market is divided into three segments: residential, commercial, and others. The residential sector led the market share in 2023, accounting for more than 60%, owing to rising demand for home decor products. It is utilised to improve a room's aesthetic appeal while also providing sound and temperature insulation. Carpets are available in a wide range of colours and textures to suit any decor. These reasons promote segment growth in the global market. However, the commercial segment is likely to expand rapidly throughout the forecast period due to rising demand for carpets and rugs in the hospitality and tourism industries.

The market can be divided into segments based on material, such as wool, silk, cotton, jute, and others. The wool segment held the greatest market share in 2023. Wool is the most versatile material for handmade carpets since it may be used in any room of the house. The segment's growth is driven by its durability, natural insulating capabilities, and aesthetic appeal. The growing demand for luxury and premium carpets and rugs will drive the industry's expansion over the forecast period.

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Carpets and Rugs Market Key Players:

1.Mohawk Industries, Inc.
2.Shaw Industries Group Inc.
3.Genie Carpet Manufacturers
4.Royalty Carpet Cleaning & Flooring
5. Inter IKEA Systems B.V.
6.Beaulieu International Group
7.Engineered Floors LLC
8.Milliken & Company
9. Lowe's
10. Taekett
11.Home Depot
12.Interface, Inc.
13. Dixie Group, Inc.
14.Orientals Weavers
15. Tai Ping
16. Victoria PLC
17.Saif Carpets Pvt. Ltd
18.Genie Carpet Manufactures
19. KarpetsbyRKS
20. Marwar Carpets International

Carpets and Rugs Market Regional Insights 

This study examines the size and trends in the Carpets and Rugs market in each of the following regions: North America (United States, Canada, and Mexico); Europe (France, Spain, Germany, Italy, and other European countries); Asia-Pacific (China, Japan, India, Australia, South Korea, ASEAN countries, and other APAC countries); South America (Argentina, Brazil, and other South American countries); and Middle East and Africa (South Africa, Egypt, and other MEA countries).

Key questions answered in the Carpets and Rugs Market are:

• What is Carpets and Rugs?
• What was the Carpets and Rugs market size in 2023?
• Which are the factors expected to drive the Carpets and Rugs market growth?
• What are the different segments of the Carpets and Rugs Market?
• Who are the leading companies and what are their portfolios in Carpets and Rugs Market?
• What growth strategies are the players considering to increase their presence in Carpets and Rugs?
• What are the upcoming industry applications and trends for the Carpets and Rugs Market?
• What will be the CAGR at which the Carpets and Rugs market will grow?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Carpets and Rugs Market?
• What is the growth rate of the Carpets and Rugs Market?
• What segments are covered in the Carpets and Rugs Market?
• Who are the key players in the Carpets and Rugs market?
• What are the key challenges and opportunities in the Carpets and Rugs market?
• Which application holds the highest potential in the Carpets and Rugs market?

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List of Contents : Carpets and Rugs Market

Part 01: Executive Summary

Part 02: Scope of the Carpets and Rugs Market Report

Part 03: Carpets and Rugs Market Landscape

Part 04: Carpets and Rugs Market Sizing

Part 05: Carpets and Rugs Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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