Carpets and Rugs Market: size was valued at USD 35.90 Bn in 2022 and is expected to reach USD 49.52 Bn by 2029, at a CAGR of 4.7%.

Carpets and Rugs Market Overview:

MMR published a report on the Carpets and Rugs Market. The report is a combination of primary and secondary data, and it has been analyzed by domain experts from both a local and global perspective. The report provides a detailed analysis of the market size and share in each region and segment, making it an invaluable resource for investors.

Carpets and Rugs Market Dynamics: 

Over time, the market for carpets and rugs has expanded significantly due to reasons such growing urbanisation, rising disposable income, and shifting consumer lifestyle choices. Nowadays, buyers are prepared to spend money on furniture and décor to improve the beauty of their homes. Additionally, it is anticipated that the growing trend of remodelling and house renovation will increase demand for carpets and rugs.

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Carpets and Rugs Market Report Scope and Research Methodology: 

At the national, regional, and international levels, the research offers a thorough examination of the Carpets and Rugs market. It offers a thorough examination of the competitive environment in the property management sector, taking into account the main companies’ business plans. A summary of the major rivals of Property Management is provided in the study, together with data on their earnings, output, market share, and worldwide reach. The top players in the property management business were analysed using the SWOT method to determine their strengths and weaknesses. The report also includes detailed information on the potential, challenges, drivers, and constraints of the Carpets and Rugs market.

The scale of the global and regional Carpets and Rugs markets was estimated using a bottom-up methodology. Data on market size, market share, geographical insights, market dynamics, the performance of major players, and industry historical data were gathered using both primary and secondary research methodologies. The study also contains a thorough value chain analysis with data on distributors, customers, and raw materials that aids in understanding the Property Management manufacturing process. In addition, market attractiveness and Porter’s and PESTLE analyses are included, which aid in understanding the Carpets and Rugs Market both macro and micro.

Carpets and Rugs Market Segmentation: 

by Products Type
1.Woven
2.Tufted
3.Knotted
4.Needle-Punched
5.Flat-Weave
6.Hooked
7.Other

The carpet and rug market is divided into categories such as woven, tufted, knotted, needle-punched, flat-weave, hooked, and others based on the type of product. Due to its affordability and ease of upkeep, the tufted category led the market in 2022 with a share of over 50%. Tufted rugs are ideal for giving your decor that extra bit of upmarket flair. These rugs offer years of comfort and beauty, making them a durable addition to any home's interior design. The advantages include affordability, longevity, and availability in a range of sizes, shapes, colours, and textures. There are countless designs of tufted carpets and rugs to meet global market demand. Nonetheless, during the course of the prediction, the knotted sector is anticipated to increase at the greatest CAGR.

by Application
1.Residential
2.Commercial
3. Automotive applications

The market is divided into residential, commercial, and other segments based on the application. Because of the rising demand for home design items, the residential segment held a share of the market in 2022 of more than 60%. It is employed to improve a room's thermal and acoustic insulation as well as its visual appeal. To match any design, carpets come in an array of hues and textures. These elements therefore propel segment expansion in the global market. However, because of the growing demand for carpets and rugs in the hotel and tourism sectors, the commercial category is anticipated to develop at a significant rate throughout the projection period.

by Material
1.Nylon
2.Wool
3.Silk
4.Polyester
5.Triexta
6.Acrylic
7.Polypropylene
8.Other

The market can be divided into categories according to the material, such as wool, silk, cotton, jute, and others. In 2022, the wool category held the biggest market share. Since wool may be used in every area of a house, it is the most user-friendly material for handcrafted carpets. Its strength, inherent insulating qualities, and visual attractiveness are the main drivers of the segment's expansion. Over the course of the projected period, the industry's growth will be supported by the growing demand for high-end, luxurious carpets and rugs.

by Distribution Channel
1.Offline
2.Online

Online and offline segments can be identified within the carpets and rugs market based on the distribution channel. The inclination of consumers to touch and feel products before making a purchase led to the offline category holding the greatest market share in 2022. Because of the ease that e-commerce platforms provide and their rising penetration, the online category is anticipated to develop at a high pace throughout the projected period.

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Carpets and Rugs Market Key Players: 

1.Mohawk Industries, Inc.
2.Shaw Industries Group Inc.
3.Genie Carpet Manufacturers
4.Royalty Carpet Cleaning & Flooring
5. Inter IKEA Systems B.V.
6.Beaulieu International Group
7.Engineered Floors LLC
8.Milliken & Company
9. Lowe's
10. Taekett
11.Home Depot
12.Interface, Inc.
13. Dixie Group, Inc.
14.Orientals Weavers
15. Tai Ping
16. Victoria PLC
17.Saif Carpets Pvt. Ltd
18.Genie Carpet Manufactures
19. KarpetsbyRKS
20. Marwar Carpets International

Carpets and Rugs Market Regional Insights: 

Geographically speaking, the report is divided into a number of important nations, each of which has its own market size, growth rate, import and export figures, and information about the Carpets and Rugs market. These nations include the United States, Canada, Mexico, Europe, the United Kingdom, China, India, Japan, Australia, South Korea, ASEAN Countries, the rest of Asia Pacific, South America, Brazil, and the Middle East and Africa.

Key Questions answered in the Carpets and Rugs Market Report are:

• What is the expected Carpets and Rugs Market size by 2029?
• What will be the CAGR of the Carpets and Rugs Market during the forecast period?
• Which segment held the largest share in the Carpets and Rugs Market?
• How is the competitive scenario of the Carpets and Rugs Market?
• Which are the key factors driving the Carpets and Rugs Market growth?
• What are the factors restraining the Carpets and Rugs Market growth?
• Which region holds the maximum share in the Carpets and Rugs Market?
• Who are the key players in the Carpets and Rugs Market?

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Key Offerings:

• A detailed Market Overview
• Market Share
• Market Size
• Market Forecast by Revenue
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation- A detailed analysis of each segment and their segments
• Competitive Landscape – Leading key players and other prominent key players.

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