Carpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Carpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

The global carpet market reached a value of US$ 58.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.06 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Carpets are decorative textiles used for covering hard-surface floorings. They are available in a wide variety of shapes, patterns, colors, textures and sizes. Carpets are usually manufactured using woven fiber, tufted wool, polyester, cotton, silk, olefin, nylon and other synthetic materials. They are used for producing cut loop, loop pile, shag and plush pile carpets. Modern carpet variants are also made using memory foams that provide enhanced comfort to the consumer and prevent moisture retention. Due to the cushioned surface, the carpets absorb sounds, provide additional warmth and offer a non-slip surface. They are also treated with static, stain and soil resistant chemicals, thereby making these carpets easy to clean and maintain. As a result, they are widely used across residential, commercial and industrial constructions.

Carpet Market Trends:
Significant growth in the construction industry and the increasing development of residential and commercial complexes, especially in the developing economies, are creating a positive outlook for the market. There is a shifting consumer preference toward non-geometrical and abstract designer patterns on carpets and other decorative products to beautify interiors. In line with this, the widespread adoption of environment-friendly carpets manufactured using sustainable materials is also contributing to the growth of the market. Various advancements, such as the advent of nylon featuring cationic technology, which reduces the number of dye sites in the fiber and aids in improving stain resistance, are acting as other growth-inducing factors. Product manufacturers are also utilizing innovative fiber materials to increase the strength, durability, colorfastness, dyeing flexibility and abrasion and soil resistance of the carpet. Other factors, including rising expenditure capacities of the consumers, along with rapid urbanization, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global carpet market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, price point, sales channel and end user.

Breakup by Material:

Nylon
Olefin
Polyester
Others

Breakup by Price Point:

Economy
Luxury

Breakup by Sales Channel:

Supermarkets and Hypermarkets
Specialty Stores
Online Stores

Breakup by End User:

Residential
Commercial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Armstrong Flooring Inc., Balta Industries nv., Beaulieu International Group, Brumark, Dorsett Industries, Interface Inc., Mannington Mills Inc., Milliken & Company, Mohawk Industries Inc., Shaw Industries Group Inc. (Berkshire Hathaway Inc.), Tarkett and Victoria PLC.
Key Questions Answered in This Report
1. What is the expected growth rate of the global carpet market during 2022-2027?
2. What are the key factors driving the global carpet market?
3. What has been the impact of COVID-19 on the global carpet market?
4. What is the breakup of the global carpet market based on the material?
5. What is the breakup of the global carpet market based on the price point?
6. What is the breakup of the global carpet market based on the sales channel?
7. What is the breakup of the global carpet market based on the end user?
8. What are the key regions in the global carpet market?
9. Who are the key players/companies in the global carpet market?