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Carpets & Rugs Market Expected to Collect 112.69 Billion USD by 2022

The Global Carpets & Rugs Market was valued at USD 88.24 Billion in 2016, and is projected to reach USD 112.69 Billion by 2022, at a CAGR of 4.2%. The base year considered for the study is 2016, with the market size projected from 2017 to 2022. The primary objective of the study is to define, segment, and project the carpets & rugs market size on the basis of type, material, end-use sector, and region. The study also aims at strategically analyzing micromarkets with respect to individual growth trends, future prospects, and their contribution to the total market. It also provides detailed information about the main factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges). In addition to this, the study analyzes competitive developments such as acquisitions, expansions, and research & development activities in the carpets & rugs market.


Target audience
  • Raw material suppliers
  • Manufacturers of carpets & rugs
  • Importers and exporters of carpets & rugs
  • Traders, distributors, and suppliers of carpets & rugs
  • Logistics partners
  • Market research & consulting firms
  • Regulatory bodies and government
Under the end-use sector, the residential sector is projected to grow at the highest rate, as carpets are mainly used as floor covering. In this sector, it is used for its enhancement of the aesthetic appeal of a room and sound & thermal insulation. Carpets are available in a wide range of colors and textures to suit all decors. The demand from this sector is supported by increased investment in new housing constructions and home renovation projects such as the replacement of worn or out-of-style carpets and rugs, which is also driven by increase in disposable income. Factors such as moderate cost, ease of installation, and favorable aesthetics are to spur the demand for carpets and rugs in newly built houses.

The global Carpets & Rugs Market is witnessing a growth in demand, owing to the rise in the renovation & remodeling activities, growing interest of consumers toward interior decoration, and rapid urbanization & globalization. The growth in demand from the residential industry also provides an opportunity for market growth, especially in the emerging Asia-Pacific and Middle East & African regions.

The growth of carpets & rugs market was largely influenced by acquisitions and expansions, in the past six years. The years between 2011 and 2017 witnessed a large number of acquisitions adopted by top players in the market. Expansions also formed an essential part of their strategies, which led to the flow of considerable income within the company. These strategies formed an important part of growth in emerging markets. The major players include companies such as Mohawk Industries, Inc. (U.S.), Shaw Industries group (U.S.), Lowe’s Companies, Inc. (U.S.), Taekett S.A. (France), and Home Depot, Inc. (U.S.). The other prominent players in the market include Interface, Inc. (U.S.), Dixie Group, Inc. (U.S.), Orientals Weavers Company for Carpets (Egypt), Tai Ping Carpets International Limited (China), and Victoria PLC (U.K.).

Mohawk industries, Inc. (U.S.) held the leading position in the global carpets & rugs market in 2016. The company has maintained its leadership position through its strong distribution network across Asia-Pacific, Europe, the Americas, and emerging markets. Mohawk industries, Inc. (U.S.) is among the leading manufacturers of carpets & rugs for many of the markets it operates in. Its operations are divided into three business sectors, namely, Flooring NA, Global Ceramic, and Flooring RoW. The company caters to varied application sectors such as housing, education, healthcare, offices, retails & hospitality, and sports. Also, it develops eco-friendly products and solutions in the carpets & rugs market that are skid-free and easy to maintain.

Shaw Industries Group (U.S.) is a global provider of carpets & rugs solutions. The company manufactures and supplies flooring products for various applications. Shaw Industries Group adopted expansion as its key strategy to gain a competitive advantage in the market. In December 2016, Shaw Industries Group, Inc. (U.S.) constructed a new carpet tile manufacturing facility in Adairsville, Georgia with an investment of USD 85.0 million. This expansion helped the company to expand its geographical reach and enhance its production capacity.




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