Global Carpets & Rugs

Global Carpets & Rugs

Global demand for carpets and rugs is forecast to rise 1.5% annually to 5.0 billion square meters in 2024. While faster gains will be prevented by growing competition from hard surface flooring in the large US market, where carpeting has historically dominated, advances will be driven by increased building construction (particularly in the Asia/Pacific region) as well as higher renovation spending in the US and western Europe, particularly among homeowners. Improving standards of living worldwide will also aid gains, as the amount of finished floor space continues to rise globally. Although carpets and rugs will continue to lose share to hard surface flooring, opportunities exist in design trends promoting usage of rugs to soften these surfaces and define spaces in open-concept rooms.

This report covers the global carpets and rugs market by product, market, and major world region and country. Data are given in square meters and dollar value.

Products covered:
Tufted
Woven
Other carpets and rugs (e.g., needlepunched, knotted, knitted, and braided types)

Markets for carpets and rugs:
Residential
Nonresidential
Vehicle and nonbuilding

Regional (country) markets for carpets and rugs:
* North America (United States, Mexico, Canada)
* Central & South America (Brazil, Other Central & South America)
* Western Europe (France, Germany, United Kingdom, Spain, Italy, Other Western Europe)
* Eastern Europe (Russia, Other Eastern Europe)
* Asia/Pacific (China, India, Japan, Indonesia, South Korea, Australia, Other Asia/Pacific)
* Africa/Mideast (Turkey, Saudi Arabia, Other Africa/Mideast)

Scope of the Report
This report covers the scope, size, and growth of the global carpets and rugs market, including key trends in product and market segmentation. Historical data are provided for 2009, 2014, and 2019 with forecasts for 2024 and 2029, with year-by-year historical market volatility also addressed. Data are provided in square meters and dollar value. Also included is an analysis of the industry key players and their market shares.