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According to the latest research, the global Carpets & Rugs market size was valued at USD 119207.42 million in 2022 and is expected to expand at a CAGR of 5.72% during the forecast period, reaching USD 166422.58 million by 2028.
A carpet is a thick, woven floor covering. Carpets are made from polyester fibers, or wool, or nylon — most often, these soft materials are loops or strings that form the carpet's "pile," and are attached to a solid backing.
Increase in residential and commercial real estate construction
Demand for carpeting depends on residential and commercial real estate construction and home sales, which can be cyclical. Construction activity in emerging economies is on an upswing; this has promoted a demand for construction materials and floor and wall covering alike. Carpets and rugs are a segment within the larger floor and wall covering industry.
Industrialization and consumption growth in developing countries
Global demand for carpet is increasing due to industrialization and the rapid expansion of middle-class consumer markets in China, India, and other developing countries.
Carpets and rugs are used for their aesthetic and functional properties.
In addition to covering floors and further improving the overall appeal of home or office décor, rugs and carpets lend a protective layer to floors. In regions with a predominantly cold climate, rugs and carpets are used for keeping the floor getting too cold. Besides, more and more consumers spending more money on bringing about aesthetic improvements to their homes or office spaces.
Region Overview:
Geographically, North America held the largest market share – 27.39% in 2022.
Company Overview:
Mohawk Industries, Inc. is one of the major players operating in the Carpets & Rugs market, holding a share of 3.56% in 2023.
Mohawk Industries, Inc.
Mohawk Industries is an American flooring manufacturer based in Calhoun, Georgia, United States. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe. The company manufacturing portfolio consists of soft flooring products (carpet and rugs), hard flooring products (ceramic tile, natural stone and hardwood flooring), laminate flooring, sheet vinyl and luxury vinyl tile.
Shaw Industries Group, Inc.
Shaw Floors offers carpet, hardwood, laminate, resilient, tile and stone flooring products and synthetic turf to residential and commercial markets. Shaw Floors was founded in 1946. Shaw Floors' headquarters is located in Dalton, Georgia, USA.
Segmentation Overview:
Among different product types, Tufted segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Carpets & Rugs industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Carpets & Rugs. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Carpets & Rugs Market Report Include:
Market Size Estimates: Carpets & Rugs market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Carpets & Rugs market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Carpets & Rugs market
Segment Market Analysis: Carpets & Rugs market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Carpets & Rugs market situations and prospects in major and top regions and countries
Carpets & Rugs Market
Carpets & Rugs Industry Chain: Carpets & Rugs market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Carpets & Rugs Industry News, Policies by regions
Carpets & Rugs Industry Porters Five Forces Analysis
Key players in the global Carpets & Rugs market are covered in Chapter 2:
Beaulieu International Group
Mohawk Industries, Inc.
ICE International
Tarkett
Engineered Floors LLC
Interface, Inc.
Shaw Industries Group, Inc.
Milliken & Company
Axminster Carpets Ltd
Balta Group
Oriental Weavers Group
Heckmondwike FB
Cormar Carpets
Al Abdullatif Industrial Investment Company
Brintons
In Chapter 6 and Chapter 9, on the basis of types, the Carpets & Rugs market from 2018 to 2028 is primarily split into:
Tufted
Woven
Needle-punched
Knotted
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Carpets & Rugs market from 2018 to 2028 covers:
Residential
Commercial
Automotive
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Carpets & Rugs market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Carpets & Rugs industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Carpets & Rugs market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Carpets & Rugs industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Carpets & Rugs market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Carpets & Rugs market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Carpets & Rugs market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
A carpet is a thick, woven floor covering. Carpets are made from polyester fibers, or wool, or nylon — most often, these soft materials are loops or strings that form the carpet's "pile," and are attached to a solid backing.
Increase in residential and commercial real estate construction
Demand for carpeting depends on residential and commercial real estate construction and home sales, which can be cyclical. Construction activity in emerging economies is on an upswing; this has promoted a demand for construction materials and floor and wall covering alike. Carpets and rugs are a segment within the larger floor and wall covering industry.
Industrialization and consumption growth in developing countries
Global demand for carpet is increasing due to industrialization and the rapid expansion of middle-class consumer markets in China, India, and other developing countries.
Carpets and rugs are used for their aesthetic and functional properties.
In addition to covering floors and further improving the overall appeal of home or office décor, rugs and carpets lend a protective layer to floors. In regions with a predominantly cold climate, rugs and carpets are used for keeping the floor getting too cold. Besides, more and more consumers spending more money on bringing about aesthetic improvements to their homes or office spaces.
Region Overview:
Geographically, North America held the largest market share – 27.39% in 2022.
Company Overview:
Mohawk Industries, Inc. is one of the major players operating in the Carpets & Rugs market, holding a share of 3.56% in 2023.
Mohawk Industries, Inc.
Mohawk Industries is an American flooring manufacturer based in Calhoun, Georgia, United States. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe. The company manufacturing portfolio consists of soft flooring products (carpet and rugs), hard flooring products (ceramic tile, natural stone and hardwood flooring), laminate flooring, sheet vinyl and luxury vinyl tile.
Shaw Industries Group, Inc.
Shaw Floors offers carpet, hardwood, laminate, resilient, tile and stone flooring products and synthetic turf to residential and commercial markets. Shaw Floors was founded in 1946. Shaw Floors' headquarters is located in Dalton, Georgia, USA.
Segmentation Overview:
Among different product types, Tufted segment is anticipated to contribute the largest market share in 2028.
Application Overview:
By application, the Residential segment occupied the biggest share from 2018 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Carpets & Rugs industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Carpets & Rugs. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Carpets & Rugs Market Report Include:
Market Size Estimates: Carpets & Rugs market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Carpets & Rugs market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Carpets & Rugs market
Segment Market Analysis: Carpets & Rugs market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Carpets & Rugs market situations and prospects in major and top regions and countries
Carpets & Rugs Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Carpets & Rugs Industry Chain: Carpets & Rugs market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Carpets & Rugs Industry News, Policies by regions
Carpets & Rugs Industry Porters Five Forces Analysis
Key players in the global Carpets & Rugs market are covered in Chapter 2:
Beaulieu International Group
Mohawk Industries, Inc.
ICE International
Tarkett
Engineered Floors LLC
Interface, Inc.
Shaw Industries Group, Inc.
Milliken & Company
Axminster Carpets Ltd
Balta Group
Oriental Weavers Group
Heckmondwike FB
Cormar Carpets
Al Abdullatif Industrial Investment Company
Brintons
In Chapter 6 and Chapter 9, on the basis of types, the Carpets & Rugs market from 2018 to 2028 is primarily split into:
Tufted
Woven
Needle-punched
Knotted
Others
In Chapter 7 and Chapter 10, on the basis of applications, the Carpets & Rugs market from 2018 to 2028 covers:
Residential
Commercial
Automotive
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Carpets & Rugs market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Carpets & Rugs industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Carpets & Rugs market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Carpets & Rugs industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Carpets & Rugs market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Carpets & Rugs market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Carpets & Rugs market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
