The Selection of the appropriate rugs and carpets requires careful consideration of factors such as room function, size, style, material, and maintenance needs. Determine the purpose and measure the space accurately. The design should complement the room's decor, and select a suitable material based on durability, softness, and stain resistance. Rugs and carpets can protect the underlying flooring from scratches, stains, and wear and tear. This is particularly useful in high-traffic areas or in homes with pets or children.
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Data Bridge Market Research analyses that the Global Carpets & Rugs Market is valued at USD 172.47 million in 2021 and is expected to reach USD 116.73 million by 2029, registering a CAGR of 5.0% during the forecast period of 2022 to 2029. The market growth of the carpet and rug industry is boosted by the wide availability of diverse designs, patterns, and textures. This variety caters to the unique tastes and preferences of consumers, allowing them to find carpets and rugs that perfectly match their desired style, contributing to market expansion.
Key Findings of the Study
Increased renovation and remodeling activities is expected to drive the market's growth rate
The growth of the carpets and rugs market is bolstered by increased renovation and remodeling activities. As more individuals and businesses undertake renovation projects, there is a growing demand for carpets and rugs to enhance the aesthetics and functionality of interior spaces. Carpets and rugs play a vital role in transforming the look and feel of a room, providing comfort, warmth, and style. The rising trend of home improvement and the desire to create inviting and visually appealing environments drive the market's growth in response to increased renovation and remodeling activities.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Carpet, Rugs), Product (Woven, Tufted, Knotted, Needle-Punched, Flat-Weave, Hooked, Others), Material (Synthetic Fiber, Natural Fiber), Application (Residential, Commercial, Industrial, Institutional), Distribution Channel (Supermarket/Hypermarkets, Specialty Stores, Online, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Mohawk Industries, Inc. (U.S.), Shaw Industries Group Inc., (U.S.), Genie Carpet Manufacturers (India), Royalty Carpet Cleaning & Flooring (U.S.), Inter IKEA Systems B.V. (Netherlands), Beaulieu International Group (Belgium), Engineered Floors LLC (U.S.), Milliken & Company (U.S.), Lowe's (U.S.), Taekett (France), Home Depot (U.S.), Interface, Inc. (U.S.), Dixie Group, Inc. (U.S.), Orientals Weavers (Egypt), Tai Ping (China), and Victoria PLC (U.K.)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework
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Segment Analysis:
The carpets & rugs market is segmented on the basis of type, product, material, application, and distribution channel.
- On the basis of product, the carpets & rugs market is segmented into woven, tufted, knotted, needle-punched, flat-weave, hooked, and others. In 2022, the tufted segment is expected to dominate the global carpets and rugs market growing at the highest CAGR of 7.0% during the forecast period 2022 to 2029 due to their versatility, affordability, and wide range of designs
In 2022, the tufted segment is dominating the product segment of the global carpets & rugs market
In 2022, the tufted segment is dominating the market during the forecast period 2022 to 2029 as tufted carpets and rugs offer good durability and comfort. The dominance of the tufted segment is attributed to its ability to meet the diverse needs and preferences of consumers, making it a preferred choice in the carpets and rugs market.
- On the basis of type, the carpets & rugs market is segmented into carpets and rugs. In 2022, the carpet segment is expected to dominate the global carpets and rugs market growing at the highest CAGR of 6.5% during the forecast period 2022 to 2029 as they are widely used in residential, commercial, and hospitality sectors, making them highly demanded.
In 2022, the carpets segment is dominating the type of global carpets & rugs market
In 2022, the carpets segment is dominating the type segment of the global carpets & rugs market during the forecast period 2022 to 2029 as carpets are a popular choice for both residential and commercial spaces, offering numerous benefits such as comfort, insulation, noise reduction, and aesthetic appeal. Carpets are available in various styles, patterns, and materials, providing a wide range of options to suit different preferences and design requirements
- On the basis of material, the carpets & rugs market is segmented into synthetic fiber and natural fiber. In 2022, the synthetic Fiber segment is expected to dominate the global carpets and rugs market growing at the highest CAGR of 6.5% during the forecast period 2022 to 2029 as they provide a wide range of colors and patterns, allowing for diverse design options
- On the basis of application, the global carpets & rugs market is segmented into residential, commercial, industrial, and institutional. In 2022, the Residential segment is expected to dominate the global carpets and rugs market growing at the highest CAGR of 6.6% during the forecast period 2022 to 2029 as residential properties, such as homes, apartments, and condos, require carpets and rugs to enhance comfort, insulation, and aesthetics.
- On the basis of distribution channel, the carpets & rugs market is segmented into supermarkets/hypermarkets, specialty stores, online, and others. The supermarket segment dominates the carpets and rugs market during the forecast period 2022 to 2029 as they carry a diverse range of carpets and rugs, catering to different styles, sizes, and price points.
Major Players
Data Bridge Market Research recognizes the following companies as the major carpets & rugs market players in carpets & rugs market are Mohawk Industries, Inc. (U.S.), Shaw Industries Group Inc., (U.S.), Genie Carpet Manufacturers (India), Royalty Carpet Cleaning & Flooring (U.S.), Inter IKEA Systems B.V. (Netherlands)
Market Development
- In September 2022, In a collaborative effort between Jacaranda, a U.K.-based rugs and carpet brand, and Tencel, the world's first collection of handwoven rugs and carpets called Seoni was introduced. These unique rugs and carpets are crafted from 100% true carbon-zero Tencel lyocell fibers, aligning with the goal of promoting sustainability in home decorations and furnishings.
- In March 2022, LOR, a design brand by Interface, unveiled its inaugural line of carbon-negative area rugs. The collection includes three distinct styles named stratosphere, hemisphere, and peninsula. These newly introduced rugs combine aesthetically pleasing designs with a carbon footprint that is actually negative, showcasing the brand's commitment to sustainability. Furthermore, the rugs are crafted to be highly durable, ensuring long-lasting beauty and functionality.
- In March 2021, Carpets Inter introduced EcoSoft, its latest collection of environmentally friendly carpets. This innovative product is manufactured using 5% postindustrial recycled PET sourced from millions of reused drinking bottles, as well as 80% post-consumer recycled PET. By repurposing these materials, Carpets Inter emphasizes its commitment to sustainability and reducing waste.
Regional Analysis
Geographically, the countries covered in the carpets & rugs market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the carpets & rugs market during the forecast period 2022 - 2029
In 2022, North America dominated the carpets & rugs market owing to the presence of a high disposable income among individuals, allowing them to invest in home improvement and interior decor. Additionally, there is a growing trend of adopting changing interior design trends, indicating a preference for updated and modernized living spaces. These factors contribute to the increased demand for carpets and rugs, fueling the overall growth of the market in the region.
Asia-Pacific is estimated to be the fastest growing region in the carpets & rugs market in the forecast period 2022 - 2029
Asia-Pacific is expected to grow during the forecast period due to the rise in construction activities and the subsequent demand for carpets and rugs in both residential and commercial sectors. The construction boom leads to an increased need for floor coverings, creating opportunities for the carpets and rugs market. Moreover, the growing demand for various types of carpets and rugs in these sectors highlights the significance of aesthetic appeal, comfort, and functionality in interior design, driving market growth further.
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