Global Carpets Rugs Market Size Industry Trends Forecast Report Bwc20153
SPECIAL OFFER : 25% Super Discount For All !
Global Carpets and Rugs Market size by Materials (nylon, polyester, polypropylene, and others (cotton, wool, silk, jute)), By Type (woven, tufted, needle-punched, knotted, Other (kids printed, bath rugs)), By Application (Residential, Commercial), By Category (in-door, outdoor), By Region (North America, Europe, Asia Pacific, Middle East & Africa and South America); Trend Analysis, Competitive Market Share & Forecast, 2016-26
- Published Date: September 2020
- Report ID: bwc20153
- Available Format: PDF
- Page: 189
Report Overview
Global Carpets and Rugs Market
size- Industry Trends & Forecast Report 2026
Global Carpets and Rugs Market
has gained momentum in recent years with a CAGR of 3.2%, in value terms, over
the forecast period 2020-2026, and expected to reach USD 102,755.78 Million by
2026. Carpets and rugs are used for their artistic and functional properties.
In addition to covering floors, increase the overall appearance of a home or
office decoration. The rugs and carpets provide a protective layer to floors.
Carpets and rugs are more useful in regions having cold climate, rugs, and
carpets, which is, provide protection against cold to peoples. The demand for
carpets and rugs is higher in developed economies. The major application of the
carpets and rugs is in residential, commercial, and industries.
Global Carpets and Rugs Market
Overview:
A carpet and rugs are a textile
floor covering which is consisting of an upper layer of pile attached to a
backing. The pile was conventionally made from synthetic fibers, wool such as
nylon, polypropylene, or polyester are often used, as these fibers are cheaper
than wool. The pile normally consists of warped tufts, which are typically
heat-treated to maintain their structure. The term carpet is often used in a
similar context to the term rug, but rugs are mainly considered smaller than a
room and not attached to the floor.
Carpets and rugs can be
manufactured on a loom fairly similarly to woven fabric, made using needle
felts, flat woven, knotted by hand (in oriental rugs), made by hooking wool or
cotton through the meshes of a sturdy fabric, or embroidered, made with their
pile injected into a backing material (called tufting), Carpet is normally made
in widths of 15 feet (4.6 m) in the US and 4 m (13 ft) and 5 m (16 ft) in
Europe, 12 feet (3.7 m).
Carpets and rugs are used for
various purposes such as making a room more comfortable as a place to sit on
the floor (e.g., when playing with children or as a prayer rug), insulating a
person's feet from a cold tile or concrete floor, reducing sound from walking
(particularly in apartment buildings), and adding decoration or color to a
room. Carpets and rugs can be made in any color by using various dyed fibers.
Carpets and rugs can have many different types of motifs and patterns used to
decorate the surface. Carpets are used in commercial establishments such as retail
stores and hotels and in private homes, industries.
Global Carpets and Rugs Market
Forecast and Trends
Growth drivers
Increasing Urbanization and
Globalization
Globalization is essential for
urban economic growth and urbanization as it affects the spatial share of
resources and creates spatial impacts in developing regions. For instance,
India's carpet and rug industry witnessed significant growth. There is a strong
reason for preserving and encouraging the handmade carpet industry, not only in
its hub, Rajasthan but also throughout the country, to be handmade by millions
of people for their lives. The Indian handcrafted cottage sector is perhaps the
only export-oriented and direct employment sector in rural India that gives
rise to opportunities for the rural unemployed. Turkey and China are also the
major exporters of carpets globally.
Factors that influence the
demand for urbanization and globalization include technological changes in
transportation and communication, reducing the need for firms and industries'
spatial proximity. These changes combined impact on increased trade and investment,
growing transnational communications, and expanding cross-border alliances
between businesses and industries. The benefit of globalization includes the
efficient use of production factors, expansion of markets, and more significant
wealth creation opportunities. So, increasing urbanization also raises
consumers' interest in the decoration of their offices, home, and others for
making an elegant appearance that directly influences the demand for carpets
and rugs and boosts the growth of the carpet and rugs market.
Rising Demand for Interior
Decoration
Interior decoration can be
represented as the human power of creating and arranging products that permit a
human being to achieve their personal and collective purpose. A place in the
office, house, and hotel looks more attractive, gorgeous, and attractive
through decoration. For Instance: Interior decoration, especially in the
hospitality industry, directly influence the demand for customers and their
profitability, which raised the need for carpets in hospitality industries.
Carpets and Rugs, besides
covering floors, further improving the overall appeal of a home or office decor
and offer a protective layer to floors. In regions with mostly cold climate,
carpets & rugs are used for keeping the floor from getting too cold. A few
decades ago, the demand for carpets & rugs was the highest in developed
economies. However, this trend has changed in the last few years, with
consumers spending more money on bringing about aesthetic improvements to their
homes or office spaces.
Restraints
Fluctuation in Prices of Raw
Material
Every market is primarily
influenced by the prices of the raw materials used in its production process.
The "trade war on duties" between the United States and China has
limited China's imports, especially American cotton and other raw material.
Trade War has a considerable influence on raw material prices, but the
situation is volatile. In a fast-changing world, this situation can change very
quickly, exposing companies to prices fluctuations that can significantly
affect the market panorama in the upcoming period.
Impact of COVID-19 on carpet and
rugs Industry
Many carpets and rugs factories
have reduced their production outputs due to a decline in demand, and the
lockdown does not significantly impact their ability to continue. However,
major ports face problems as stakeholders halt operations during the lockdown
duration due to congestion. From 2021 the demand will rebound as residential
and commercial applications become operational and fully functional.
Production and operation,
infrastructural growth has declined globally with the objective of restricting
coronaviruses, which are anticipated to influence the market for carpets and
rugs. The spread of the COVID-19 due to the pandemic effects in China, Japan,
and India is anticipated to be highly affected by Asia-Pacific. This lethal
disease is epic in China. Indian market impacted with a huge rate in comparison
with other countries as India is the world's largest exporter of handmade
carpets and rugs.
Global Carpets and Rugs Market:
Materials
Global Carpets and Rugs market
can be bifurcated into three categories such as nylon, polyester,
polypropylene, others (Cotton, Wool, Silk, Jute). Amidst the segmentation, the
nylon segment projected to dominate the global Carpets and Rugs market. The
nylon segment registers a market size of USD 32964.88Million in 2019 and is
expected to reach USD 34388.71Million in 2026 at a lucrative CAGR. This growth
can be attributed to nylon's great durability, resistance to stain and
abrasion, good yarn memory to hold twist, soil concealing capability, and
superior purification quality. Due to its high strength, nylon fiber molding is
primarily used for industrial as well as commercial installing in areas of
heavy foot traffic. After that, the polypropylene segment will rise at the
highest rate during the forecast period in the carpets and rugs industry.
Global Carpets and Rugs Market:
Type
Based on carpets and rugs type,
the market is bifurcated into woven, tufted, needle-punched, knotted, other
(kids printed, bath rugs), and aftermarket. Followed by the woven aftermarket
sector projected to dominate the global carpets and rugs market with a
significant market size of 29483.35 in 2019 and a market size of USD 31055.21
Million in 2026. With the progressive development of a few players, this market
has all the year marks of being concentrated. Woven is energy efficient,
naturally safe as compared to other types of carpets. Woven carpets are
conveying carpets and rugs woven consume 60% less non-renewable resources in
manufacturing than other types of carpets. Wool, jute, and cotton are renewable
resources.
Global Carpets and Rugs Market:
Regional insights
By geography, the global carpets
and rugs Market segregated into North America, Europe, Asia Pacific, Middle
East & Africa, and South America. The European region represented the
extreme development of the Carpets and Rugs market. Due to manufacturers' focus
on developing low-cost solutions for carpets & rugs, the European region
accounted for the largest share in terms of value in 2019, followed by North
America and the Asia-Pacific. Asia-Pacific will witness the highest growth in
the forecast period; this is attributed to the increase in construction
activity in China, Japan, India, and Indonesia, and the carpets & rugs
industry's growth.
Source: BlueWeave Consulting
Competitive landscape
The Leading Companies for the
Carpets and Rugs market is Mohawk Industries Inc., Ikea Group, Shaw Industries
Group, Inc., Interface Inc., Tarkett S.A., Oriental Weavers Company for
Carpet.,Beaulieu International Group, Dixie Group, Inc., Victoria PLC, Mannington
Mills, Inc., Tai Ping Carpets International Limited, Corner carpets, and other
prominent players.
Recent Development
·
November 22, 2017,
Mohawk Industries, Inc. Announces Purchase of Godfrey Hirst: Mohawk Industries acquired Godfrey Hirst. This acquisition
strengthens the company business in the carpet market in Australasia to
complement the leading hard surface presence that the Company had grown through
its earlier acquisitions of national distributors in both Australia and New
Zealand. By this acquisition company expand its business.
·
December 4, 2016,
VICTORIA: Completion of Acquisition of Ceramiche Serra S.p. A
Victoria
PLC acquired Cebas Pty Ltd. and the facility of IKEA retail operations in
Australia as per the common ownership company. IKEA Retail Australia also
operated two stores in the south and western Australia, IKEA Adelaide, and IKEA
Perth. This acquisition provides that many IKEA franchisees all over the world
INGKA Holding B.V. and its subsidiaries (also referred to as IKEA Group) is one
of them. The franchise agreement provides the franchisee the right to operate
one or more IKEA stores in a specific market and to market and sell IKEA
products under the IKEA Brand in that market. The franchisee also got rights to
access to methods and proven solutions and systems, to operate IKEA stores and
sell IKEA products. By this acquisition company also expand their carper and
rugs business in Australia and generate revenue from the market.
Scope of the Report
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 Base Year – 2019 Forecast –
2020 – 2026 |
Facts Covered |
Revenue in USD Million |
Market Coverage |
U.S, Canada,
Germany, UK, France, Italy, Spain, Brazil, Mexico, Argentina, Japan, South
Korea, China, India, South Korea UAE, South Africa, Saudi Arabia. |
Product/Service Segmentation |
By material, type, application and category coupled with Region. |
Key Players |
Mohawk Industries Inc.,
Ikea Group, Autoliv Inc. , Shaw Industries Group, Inc., Interface Inc.. ,
Tarkett S.A., Oriental Weavers Company for Carpet., Dixie Group, Inc.,
Beaulieu
International Group, Victoria PLC,
Mannington
Mills, Inc., Tai Ping Carpets International
Limited, Milliken & Company,
Cormar
Carpet and Other Prominent Players. |
Scope
of the Report
By Materials
Ø Nylon
Ø Polyester
Ø Polypropylene
Ø Others
(Cotton, Wool, Silk, Jute)
By Type
Ø Woven
Ø Tufted
Ø Needle-Punched
Ø Knotted
Ø Other (Kids
Printed, Bath Rugs)
By
Application
Ø Residential
Ø Commercial
By
Category
Ø In-door
Ø Outdoor
By
Region:
Ø Europe
Ø North America
Ø Asia-Pacific
Ø Middle East & Africa
Ø South America
The
objective of the Study:
Ø To analyze and forecast the
global carpets and rugs market size of the market, in terms of value.
Ø To examine the careful market
segmentation and forecast the market size, in terms value, based on the region
by segmenting the Global Carpets and Rugs market into five regions, namely,
North America, Europe, Asia Pacific, Middle East, South America and their
leading countries.
Ø To outline, categorized and
forecast the global carpets and rugs market based on the material, type,
application and category.
Ø To examine competitive
developments like technological advancement, services, and regulative framework
within the global carpets and rugs Market.
Ø To highlight the impact analysis
of the factors, affecting the market dynamics such as drivers, restraints,
opportunities, and challenges.
Ø To strategically profile the key
players and comprehensively analyze their market shares along with detailing
the competitive landscape for market leaders.
Key Opinion Participant
Ø Manufacturers
Ø Equipment/system suppliers
Ø Potential investors
Ø Key executive and strategy growth manager
Ø End users
Ø Government institutions
Ø Consultancy firms
1.
Research Framework
1.1.
Research Objective
1.2.
Product Overview
1.3.
Market Segmentation
2. Research Methodology
2.1.
Qualitative
Research
2.1.1. Primary & Secondary Sources
2.2.
Quantitative
Research
2.2.1. Primary & Secondary Sources
2.3.
Breakdown
of Primary Research Respondents, By Region
2.3.1. Secondary Research
2.3.2. Primary Research
2.4.
Breakdown
of Primary Research Respondents
2.5.
Market
Size Estimation
2.6.
Assumption
for the Study
2.7.
Market
Breakdown & Data Triangulation
3. Executive Summary
4. Global Carpets and Rugs Industry Insights
4.1.
Global Carpets and Rugs Market:
Supply Chain Analysis
4.2.
DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3.
Printed and Knitted Rugs
Analysis, 2020
4.4.
Regulatory Framework (Import Duty
Overview and Duty advantage of difference countries)
4.5.
Global Carpets and Rugs Company
Market Share Analysis, 2019
4.6.
Porter’s Five Forces Analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
4.6.6. Impact of COVID 19
4.7.
Global Carpets and Rugs Covid
Impact and Strategic Outlook
5.
Global Carpets and Rugs Market Overview
5.1.
Market Size & Forecast by
Value, 2016-2026
5.1.1. By Value (USD Million)
5.1.1.1. Carpet
5.1.1.2. Rugs
5.2.
Market
Share & Forecast
5.2.1. By Materials
5.2.1.1. Nylon
5.2.1.2. Polyester
5.2.1.3. Polypropylene
5.2.1.4. Others (Cotton, Wool, Silk, Jute)
5.2.2. By Type
5.2.2.1. Woven
5.2.2.1.1
Nylon Woven
5.2.2.1.2
PP Woven
5.2.2.1.3
Polyester Woven
5.2.2.1.4
Wool Woven
5.2.2.1.5
Other Fibers
5.2.2.2. Tufted
5.2.2.2.1
Nylon Tufted
5.2.2.2.2
PP Tufted
5.2.2.2.3
Polyester Tufted
5.2.2.2.4
Wool Tufted
5.2.2.2.5
Other Fibers
5.2.2.3. Needle-Punched
5.2.2.4. Knotted
5.2.2.5. Other (Kids Printed, Bath Rugs)
5.2.3. By
Application
5.2.3.1. Residential
5.2.3.2. Commercial
5.2.4. By Category
5.2.4.1. In-door
5.2.4.2. Outdoor
5.2.5. By Region
5.2.5.1. North America
5.2.5.2. Europe
5.2.5.3. Asia Pacific
5.2.5.4. South America
5.2.5.4. Middle East & Africa
6.
North America Carpets and Rugs Market
6.1.
Market Estimates & Forecast by
Value, 2016-2026
6.1.1. By Value (USD Million)
6.2.
Market
Share & Forecast
6.2.1. By Material
6.2.2. By Type
6.2.3. By Application
6.2.4. By Category
6.2.5. By Country
6.2.5.1. United States
6.2.5.2. Canada
7.
Europe Carpets and Rugs Market
7.1.
Market Estimates & Forecast
by Value, 2016-2026
7.1.1. By Value (USD Million)
7.2.
Market
Share & Forecast
7.2.1. By Material
7.2.2. By Type
7.2.3. By Application
7.2.4. By Category
7.2.5. By Country
7.2.5.1. Germany
7.2.5.2. United Kingdom
7.2.5.3. France
7.2.5.4. Italy
7.2.5.5. Spain
7.2.5.6. Russia
7.2.5.7. Turkey
7.2.5.8. Netherlands
7.2.5.9. Switzerland
7.2.5.10. Rest of Europe
8.
Asia Pacific Carpets and Rugs Market
8.1.
Market Estimates & Forecast
by Value, 2016-2026
8.1.1. By Value (USD Million)
8.2.
Market
Share & Forecast
8.2.1. By Material
8.2.2. By Type
8.2.3. By Application
8.2.4. By Category
8.2.5. By Country
8.2.5.1. China
8.2.5.2. India
8.2.5.3. Japan
8.2.5.4. South Korea
8.2.5.5. Malaysia
8.2.5.6. Indonesia
8.2.5.7. Australia
8.2.5.8. Thailand
8.2.5.9. New Zealand
8.2.5.10. Rest of Asia Pacific
9.
South America Carpets and Rugs Market
9.1.
Market Estimates & Forecast
by Value, 2016-2026
9.1.1. By Value (USD Million)
9.2.
Market
Share & Forecast
9.2.1. By Material
9.2.2. By Type
9.2.3. By Application
9.2.4. By Category
9.2.5. By Country
9.2.5.1. Brazil
9.2.5.2. Mexico
9.2.5.3. Argentina
9.2.5.4. Rest of South America
10. Middle East
& Africa Carpets and Rugs Market
10.1. Market Estimates & Forecast by Value, 2016-2026
10.1.1. By Value (USD Million)
10.2. Market Share & Forecast
10.2.1. By Material
10.2.2. By Type
10.2.3. By Application
10.2.4. By Category
10.2.5. By Country
10.2.5.1. Saudi Arabia
10.2.5.2. UAE
10.2.5.3. Egypt
10.2.5.4. South Africa
10.2.5.5. Rest of Middle East & Africa
11. Company
Profile (Company Overview, Financial Matrix, Key
Product landscape, Key Personnel, Key Competitors, Contact Address, and
Strategic Outlook) *
11.1.
Mohawk Industries Inc.
11.2.
Ikea Group
11.3.
Shaw Industries Group, Inc.
11.4.
Lowe’s Companies, Inc.
11.5.
Interface Inc.
11.6.
Tarkett S.A.
11.7.
Oriental Weavers Company for
Carpet.
11.8.
Beaulieu International Group
11.9.
Dixie Group, Inc.
11.10.
Victoria PLC
11.11.
Mannington Mills, Inc.
11.12.
Tai Ping Carpets International Limited
11.13.
Milliken & Company
11.14.
Cormar Carpet
12. Global Carpets and Rugs Recycled
Material Analysis, By Value, 2019 & 2026
Market Segmentation
By Materials
Ø Nylon
Ø Polyester
Ø Polypropylene
Ø Others
(Cotton, Wool, Silk, Jute)
By Type
Ø Woven
Ø Tufted
Ø Needle-Punched
Ø Knotted
Ø Other (Kids
Printed, Bath Rugs)
By
Application
Ø Residential
Ø Commercial
By
Category
Ø In-door
Ø Outdoor
By
Region:
Ø Europe
Ø North America
Ø Asia-Pacific
Ø Middle East & Africa
Ø South America
To request a free sample copy of this report, please complete the form below.
We value your investment and offer free customization with every report to fulfil your exact research needs.
RELATED REPORTS
WHY CHOOSE US
-
24/7 Research Support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Custom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs
-
Quality & Accuracy
Ask the Analyst to customize an exclusive study to serve your research needs
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.