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.
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.
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
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.).
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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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
sales@marketsandmarkets.com
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