Carpets And Rugs Market Size Worth USD 132.23 Billion By 2030 At 4.12% CAGR Report By Market Research Future (MRFR)

Carpets And Rugs Market Size Worth USD 132.23 Billion By 2030 At 4.12% CAGR Report By Market Research Future (MRFR)

Rugs and carpets market size and trends by type (nylon, polyester, polypropylene, cotton, wool, silk, jute, etc.), product type (woven, tufted, knotted, embroidered, etc.), end use (residential and commercial), and Regional vision in 2030

NEW YORK, USA, Oct. 10, 2022 (GLOBE NEWSWIRE) -- Market snapshot

Market Research Future (MRFR) reports " Rugs and Rugs Market Overview by Material Type, Product Type, End Use and Region - Forecast to 2030 ". The market will reach $132.23 trillion by 2030 with a CAGR of 4.12 percent.

Market Summary

Carpets and rugs are often used to decorate a room or corridor in homes and other places. Many grocery stores have rugs in different colors, patterns, and textures. This motivates the customers to buy these products. Luxury rugs for decorating living rooms are very popular among families. Carpets and rugs are used for their aesthetic appearance and practical properties, such as non-slip flooring and thermal insulation. Carpets and rugs provide a protective layer for floors that not only cover the floor, but also enhance the overall aesthetic of the home or office interior design.

Carpets and rugs are mainly used in cold climates to keep the floor from getting too cold. The demand for carpets and rugs peaked decades ago in industrialized economies. However, this style has changed in recent years as people have invested more money to bring pleasing aesthetic changes to their homes or workplaces. The easing of the economic crisis also played a role in this desire, which increased the demand for carpets and rugs. Additionally, rising disposable income of customers, especially in developing countries, is expected to support market expansion.

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Scope of the report.

Report functionality

the details

Market size in 2030

132.23 billion USD

compound annual growth rate

4.12% (2022-2030)

basic year

2021

forecast period

2022-2030

Historical data

2020

prediction units

Value (in billions of dollars)

Scope of the report

Revenue forecasts, competitive landscape, growth factors and trends

slide covers

By material type, product type, end use and region

Geographic coverage

North America, Europe, Asia-Pacific and Rest of the World (RoW)

Major players in the market

Increasing repair and reconstruction works

It also grows rapidly in residential areas

Competitive landscape of the market.

The key companies in the carpet and rug market are:

  • Carpet Tai Ping International Limited (Hong Kong)

  • Interface, Inc. (USA)

  • Beaulieu International Group (Belgium)

  • Engineered Flowers LLC (USA)

  • Milliken & Company (USA)

  • Oriental Carpet Weavers Company (Egypt)

  • Kings Carpet Mills, Inc. (USA)

  • IKEA Group (Netherlands)

  • Shaw Industries Group, Inc. (USA)

  • Mohawk Industries, Inc. (USA)

  • Lowe Companies, Inc. (USA)

  • Tarkett SA (France)

  • Genie Carpet Manufacturers (India)

  • Dixie Group (USA)

  • Victoria PLC (United Kingdom)

USPs available in the market include:

Market factors.

Companies offer a selection of carpet and rug styles specifically tailored to different types of flooring, including laminate, tile and hardwood. The market for smart rugs and carpets is expected to be driven by the growing need for modern home appliances and home decor preferences of the global population. Furthermore, the high standard of living and increasing urbanization are factors in the growing demand for smart carpets and carpets among the population. The market is growing due to changing customer demand for eco-friendly flooring made from wool, bamboo and other materials.

However, commercial expansion of the incumbents is expected to be limited due to stiff competition from local and unregulated players. The global carpet and rug industry is expected to be driven by consumer preference for non-geometric design patterns and bright colors in carpet and rugs in the coming years. Market trends are expected to impact the carpet and rug industry. In the coming years, the global carpet and rug market will be driven by increasing demand for eco-friendly carpets, increasing demand for modern carpets, and increasing use of carpets. Improvements in recent years have aimed to make things more durable, adaptable and environmentally friendly, while at the same time making them easier to install and maintain.

Market restrictions.

Additionally, for an unknown period of time, inventory restrictions related to COVID-19 have reduced consumer demand for carpet and rug products.

View detailed carpet and rugs market research report (90 pages): https://www.marketresearchfuture.com/reports/carpet-and-rugs-market-4154

Analysis of COVID 19

Like any other market, the carpet and rug industry has been hit hard by the COVID pandemic. Effect and reduction of sales demand. To deal with this problem, the government and key players in the carpets and rugs market have started strategizing to create growth projections for the coming years. The major players in the market have used various strategies to save their business from the negative effects of the coronavirus. As a result, the market share of sales has stabilized.

Market segmentation

On the basis of materials, the market is segmented into nylon, cotton, silk, wool, polyester, jute and polypropylene.

Based on end user, the market is segmented into residential and commercial.

Based on product type, the market is segmented into woven, knotted, tufted and embroidered.

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Regional perspectives

The market has grown significantly due to North America. In North America, the US will continue to grow over the forecast period. Due to the strong consumer interest in interior design, market trends have grown significantly in the US. In addition to all these facts, the increasing renovations and reconstructions in the real estate sector are also encouraging the expansion of the market. After North America, Asia Pacific led the market expansion. The rapid real estate boom is increasing the demand for carpet. China hopes to expand the huge market to countries in Asia and the Pacific. The market is growing due to rapid urbanization, population growth and interest in interior design.

The North American region is expected to account for the majority of the global market due to high demand for upgraded smart homes in countries such as the US and Canada. In addition, the high standard of living of the local population leads to a high consumer demand for these products in the region. The Asia-Pacific region is expected to grow at the fastest rate during the period due to strong government support in countries such as India, Vietnam and Indonesia to build transport facilities such as trains, buses and airports. This is likely to increase the demand for conventional vinyl flooring used in buses, trains and airplanes. Additionally, rapidly expanding consumer trends in home renovation and decoration projects and rising living standards in the region are expected to drive market expansion.

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About the future of market research.

Market Research Future (MRFR) is a global market research organization that prides itself on providing comprehensive and detailed analysis of markets and consumers worldwide. Market Research Future aims to provide clients with high quality research and detailed research. Our market research on products, services, technologies, applications, end users and market players for global, regional and country market segments enables our customers to see, learn and do more, helping to answer your most important questions. Questions.

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