Global Carpets & Rugs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Carpets & Rugs Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A carpet is a thick, woven floor covering. Carpets are made from polyester fibers, or wool, or nylon — most often, these soft materials are loops or strings that form the carpet's pile, and are attached to a solid backing.

Market Overview:

The latest research study on the global Carpets & Rugs market finds that the global Carpets & Rugs market reached a value of USD 119207.42 million in 2022. It’s expected that the market will achieve USD 166422.58 million by 2028, exhibiting a CAGR of 5.72% during the forecast period.

Increase in residential and commercial real estate construction

Demand for carpeting depends on residential and commercial real estate construction and home sales, which can be cyclical. Construction activity in emerging economies is on an upswing; this has promoted a demand for construction materials and floor and wall covering alike. Carpets and rugs are a segment within the larger floor and wall covering industry.

Industrialization and consumption growth in developing countries

Global demand for carpet is increasing due to industrialization and the rapid expansion of middle-class consumer markets in China, India, and other developing countries.

Carpets and rugs are used for their aesthetic and functional properties.

In addition to covering floors and further improving the overall appeal of home or office décor, rugs and carpets lend a protective layer to floors. In regions with a predominantly cold climate, rugs and carpets are used for keeping the floor getting too cold. Besides, more and more consumers spending more money on bringing about aesthetic improvements to their homes or office spaces.

Region Overview:

Geographically, North America held the largest market share – 27.39% in 2022.

Company Overview:

Mohawk Industries, Inc. is one of the major players operating in the Carpets & Rugs market, holding a share of 3.56% in 2023.

Mohawk Industries, Inc.

Mohawk Industries is an American flooring manufacturer based in Calhoun, Georgia, United States. Mohawk produces floor covering products for residential and commercial applications in North America and residential applications in Europe. The company manufacturing portfolio consists of soft flooring products (carpet and rugs), hard flooring products (ceramic tile, natural stone and hardwood flooring), laminate flooring, sheet vinyl and luxury vinyl tile.

Shaw Industries Group, Inc.

Shaw Floors offers carpet, hardwood, laminate, resilient, tile and stone flooring products and synthetic turf to residential and commercial markets. Shaw Floors was founded in 1946. Shaw Floors' headquarters is located in Dalton, Georgia, USA.

Segmentation Overview:

Among different product types, Tufted segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Residential segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Carpets & Rugs market covered in Chapter 3:

Engineered Floors LLC
Milliken & Company
ICE International
Heckmondwike FB
Shaw Industries Group, Inc.
Mohawk Industries, Inc.
Axminster Carpets Ltd
Tarkett
Interface, Inc.
Beaulieu International Group
Cormar Carpets
Brintons
Oriental Weavers Group
Balta Group
Al Abdullatif Industrial Investment Company

In Chapter 4 and Chapter 14.2, on the basis of types, the Carpets & Rugs market from 2018 to 2029 is primarily split into:

Tufted
Woven
Needle-punched
Knotted
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Carpets & Rugs market from 2018 to 2029 covers:

Residential
Commercial
Automotive
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)