Carpets & Rugs Market Size, Share, Growth Analysis Report By Type (Tufted, Woven, Needle-punched, Knotted, Others), By Material (Nylon, Polyester, Polypropylene), By End-User (Residential, Non-residential, Automotive & Transportation), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030


Report Code: CMI11270

Published Date: July 2022

Pages: 220

Category: Homecare & Decor

Reports Description

The size of the global carpets and rugs market was estimated to be worth USD 77 billion in 2021 and is anticipated to reach USD 120 billion by 2030, with a CAGR of around 4.7% between 2022 and 2030. The analysis examines the market’s drivers and restraints as well as the effects they have on-demand over the forecast period for carpets and rugs. The paper also looks at international opportunities in the market for carpets and rugs globally.

Carpets & Rugs Market

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Carpets & Rugs Market: Overview

Rugs and carpets are utilized for their aesthetic appeal as well as practical qualities including insulation and non-slip flooring. The floor is covered with carpet, which not only improves the aesthetics of interior spaces like homes and offices but also acts as a barrier against damage. Especially in regions with cold climates, carpets and floor coverings are used to keep the floor from getting too cold. The developed world used to have the biggest demand for carpets and rugs. However, as people spend more money to aesthetically upgrade their homes and offices, this trend has shifted recently.

Despite difficulties like the availability of alternative solutions and severe competition like the rising desire for concrete floors, the demand for carpets and rugs is expanding quickly. Rugs serve as a safety measure to reduce falls and prevent major accidents, especially when a child is present, such as at home or school. They also improve the beauty of the house and its surroundings. As construction activity rises in both developed and emerging nations, demand for these materials keeps rising.

Carpets & Rugs Market: COVID-19 Impact Analysis

The 2020 blockage caused by the COVID-19 epidemic put pressure on the world carpet tile industry, reducing new dwelling buildings and construction projects. The procurement of new carpet tiles has been hampered by blockade constraints brought on by economic uncertainties and purchasing power parity. However, the market is anticipated to rebound during the projection period due to shifting conditions and consumer attitudes toward a pandemic.

carpets and rugs market

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Carpets & Rugs Market: Growth Drivers

The global market for carpets and rugs is primarily driven by rising construction activity in both developed and emerging nations. The worldwide carpet and rug industry is driven by the fact that people are more aesthetically pleasant at home and at work. Leading vendors are investing more in R&D and concentrating on creating technologically advanced carpets and rugs. Manufacturers use cutting-edge and environmentally friendly materials to deliver high-quality products to consumers. Increased sales of carpets and rugs via online channels and e-commerce platforms may open up new potential for industry players.

Modern decor is becoming a more popular choice among consumers for their homes and offices. As a result, they frequently spend more money on cosmetic improvements to their homes and workplaces. The demand for carpets and rugs will rise as a result. Additionally, the industry is anticipated to benefit from increased disposable incomes for consumers, particularly in developing nations. More than 4.2 billion people, or 55 percent of the world’s population, live in urban regions, according to the World Bank. This pattern might persist, which will aid market expansion.

Carpets & Rugs Market: Segmentation Analysis

The market for carpets and rugs is segmented into woven carpets and rugs, knotted carpets and rugs, carpets and rugs in the shape of needles, tufted carpets and rugs, and others based on type. Over the course of the forecast year, revenue in the woven carpet and floor covering categories is anticipated to increase quickly. These rugs and rugs produce less waste than any other kind, which lowers costs for manufacturers. In terms of functionality, aesthetics, and value, woven carpets and rugs also provide designers, architects, and end-users with substantial advantages over other forms.

The nylon category, which accounts for the greatest share on a material basis, is anticipated to expand at the second-highest CAGR during the projection period. This expansion is explained by nylon’s superior elasticity, stain resistance, abrasion resistance, excellent yarn memory to keep twists, capacity to conceal stains, and superior cleaning action. Nylon fiber carpets are typically utilized for industrial and commercial carpets in high-traffic areas due to their excellent strength. During the anticipated period, the carpet market’s polypropylene segment is anticipated to experience the greatest growth.

Report Scope

Feature of the Report Details
Market Size in 2021 USD 77 Billion
Projected Market Size in 2030 USD 120 Billion
CAGR Growth Rate 4.7% CAGR
Base Year 2021
Forecast Period 2022-2030
Prominent Players Mohawk Industries, Inc., Shaw Industries Group, Taekett S.A., Interface, Inc., Dixie Group, Inc., and Others
Key Segment By Type, Material, End-User, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research. Examine possible purchases

Key Insights:

  • The Carpets & Rugs market is anticipated to expand annually at a CAGR of roughly 4.7% over the projected period, according to the study supplied by our research analyst (2022-2030).
  • The market for carpets and rugs was estimated to be worth roughly USD 77 billion in revenue in 2021, and it is anticipated to grow to USD 120 billion by 2030. The market is expected to grow significantly over the coming years as a result of a number of driving factors.
  • Based on material segmentation, it was anticipated that nylon material would hold the largest market share in 2021.
  • Geographically speaking, the “North America” region generated the most income in 2021.

Recent Development

Aug 2020 – The newest rice straw-based collection from Made in India, FRNDRING, was introduced by IKEA in August 2020. Includes a new line of eco-friendly goods like rugs, lampshades, and other decorations. The company wants to encourage farmers to practice sustainable agriculture and lessen pollution.

Regional Landscape

In terms of revenue share, North America’s market dominated in 2021. Due to rising construction activity in India, China, Japan, and Indonesia, the Asia Pacific region is anticipated to post a substantial CAGR in sales throughout the projection period. The expansion of the carpet market in the area is also being fueled by the presence of several hands weaving machines and increased disposable income.

Competitive Landscape

With their company profiles, latest developments, and important market strategies, the study covers an in-depth competitive analysis of these important players in the Carpets & Rugs market.

The global carpets & rugs market is segmented as follows:

By Type

  • Tufted
  • Woven
  • Needle-punched
  • Knotted
  • Others

By Material

  • Nylon
  • Polyster
  • Polypropylene
  • Others

By End-User

  • Residential
  • Non-residential
  • Automotive & Transportation

By Geography

North America

  • The U.S.
  • Canada
  • Mexico

Europe

  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of AsiaPacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Carpets & Rugs Market, (2022 – 2030) (USD Billion)
    • 2.2 Global Carpets & Rugs Market: snapshot
  • Chapter 3. Global Carpets & Rugs Market – Industry Analysis
    • 3.1 Carpets & Rugs Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Growing construction activity in developed and emerging nations
      • 3.2.2 Driver 2
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Type
      • 3.7.2 Market attractiveness analysis By Material
      • 3.7.3 Market attractiveness analysis By End-User
  • Chapter 4. Global Carpets & Rugs Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Carpets & Rugs Market: company market share, 2021
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, collaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Carpets & Rugs Market – Type Analysis
    • 5.1 Global Carpets & Rugs Market overview: By Type
      • 5.1.1 Global Carpets & Rugs Market share, By Type, 2021 and 2030
    • 5.2 Tufted
      • 5.2.1 Global Carpets & Rugs Market by Tufted, 2022 – 2030 (USD Billion)
    • 5.3 Woven
      • 5.3.1 Global Carpets & Rugs Market by Woven, 2022 – 2030 (USD Billion)
    • 5.4 Needle-punched
      • 5.4.1 Global Carpets & Rugs Market by Needle-punched, 2022 – 2030 (USD Billion)
    • 5.5 Knotted
      • 5.5.1 Global Carpets & Rugs Market by Knotted, 2022 – 2030 (USD Billion)
    • 5.6 Others
      • 5.6.1 Global Carpets & Rugs Market by Others, 2022 – 2030 (USD Billion)
  • Chapter 6. Global Carpets & Rugs Market – Material Analysis
    • 6.1 Global Carpets & Rugs Market overview: By Material
      • 6.1.1 Global Carpets & Rugs Market share, By Material, 2021 and 2030
    • 6.2 Nylon
      • 6.2.1 Global Carpets & Rugs Market by Nylon, 2022 – 2030 (USD Billion)
    • 6.3 Polyester
      • 6.3.1 Global Carpets & Rugs Market by Polyester, 2022 – 2030 (USD Billion)
    • 6.4 Polypropylene
      • 6.4.1 Global Carpets & Rugs Market by Polypropylene, 2022 – 2030 (USD Billion)
  • Chapter 7. Global Carpets & Rugs Market – End-User Analysis
    • 7.1 Global Carpets & Rugs Market overview: By End-User
      • 7.1.1 Global Carpets & Rugs Market share, By End-User, 2021 and 2030
    • 7.2 Residential
      • 7.2.1 Global Carpets & Rugs Market by Residential, 2022 – 2030 (USD Billion)
    • 7.3 Non-residential
      • 7.3.1 Global Carpets & Rugs Market by Non-residential, 2022 – 2030 (USD Billion)
    • 7.4 Automotive & Transportation
      • 7.4.1 Global Carpets & Rugs Market by Automotive & Transportation, 2022 – 2030 (USD Billion)
  • Chapter 8. Carpets & Rugs Market – Regional Analysis
    • 8.1 Global Carpets & Rugs Market Regional Overview
    • 8.2 Global Carpets & Rugs Market Share, by Region, 2021 & 2030 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Carpets & Rugs Market, 2022 – 2030 (USD Billion)
        • 8.3.1.1 North America Carpets & Rugs Market, by Country, 2022 – 2030 (USD Billion)
    • 8.4 North America Carpets & Rugs Market, by Type, 2022 – 2030
      • 8.4.1 North America Carpets & Rugs Market, by Type, 2022 – 2030 (USD Billion)
    • 8.5 North America Carpets & Rugs Market, by Material, 2022 – 2030
      • 8.5.1 North America Carpets & Rugs Market, by Material, 2022 – 2030 (USD Billion)
    • 8.6 North America Carpets & Rugs Market, by End-User, 2022 – 2030
      • 8.6.1 North America Carpets & Rugs Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Carpets & Rugs Market, 2022 – 2030 (USD Billion)
        • 8.7.1.1 Europe Carpets & Rugs Market, by Country, 2022 – 2030 (USD Billion)
    • 8.8 Europe Carpets & Rugs Market, by Type, 2022 – 2030
      • 8.8.1 Europe Carpets & Rugs Market, by Type, 2022 – 2030 (USD Billion)
    • 8.9 Europe Carpets & Rugs Market, by Material, 2022 – 2030
      • 8.9.1 Europe Carpets & Rugs Market, by Material, 2022 – 2030 (USD Billion)
    • 8.10 Europe Carpets & Rugs Market, by End-User, 2022 – 2030
      • 8.10.1 Europe Carpets & Rugs Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Carpets & Rugs Market, 2022 – 2030 (USD Billion)
        • 8.11.1.1 Asia Pacific Carpets & Rugs Market, by Country, 2022 – 2030 (USD Billion)
    • 8.12 Asia Pacific Carpets & Rugs Market, by Type, 2022 – 2030
      • 8.12.1 Asia Pacific Carpets & Rugs Market, by Type, 2022 – 2030 (USD Billion)
    • 8.13 Asia Pacific Carpets & Rugs Market, by Material, 2022 – 2030
      • 8.13.1 Asia Pacific Carpets & Rugs Market, by Material, 2022 – 2030 (USD Billion)
    • 8.14 Asia Pacific Carpets & Rugs Market, by End-User, 2022 – 2030
      • 8.14.1 Asia Pacific Carpets & Rugs Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Carpets & Rugs Market, 2022 – 2030 (USD Billion)
        • 8.15.1.1 Latin America Carpets & Rugs Market, by Country, 2022 – 2030 (USD Billion)
    • 8.16 Latin America Carpets & Rugs Market, by Type, 2022 – 2030
      • 8.16.1 Latin America Carpets & Rugs Market, by Type, 2022 – 2030 (USD Billion)
    • 8.17 Latin America Carpets & Rugs Market, by Material, 2022 – 2030
      • 8.17.1 Latin America Carpets & Rugs Market, by Material, 2022 – 2030 (USD Billion)
    • 8.18 Latin America Carpets & Rugs Market, by End-User, 2022 – 2030
      • 8.18.1 Latin America Carpets & Rugs Market, by End-User, 2022 – 2030 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Carpets & Rugs Market, 2022 – 2030 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Carpets & Rugs Market, by Country, 2022 – 2030 (USD Billion)
    • 8.20 The Middle-East and Africa Carpets & Rugs Market, by Type, 2022 – 2030
      • 8.20.1 The Middle-East and Africa Carpets & Rugs Market, by Type, 2022 – 2030 (USD Billion)
    • 8.21 The Middle-East and Africa Carpets & Rugs Market, by Material, 2022 – 2030
      • 8.21.1 The Middle-East and Africa Carpets & Rugs Market, by Material, 2022 – 2030 (USD Billion)
    • 8.22 The Middle-East and Africa Carpets & Rugs Market, by End-User, 2022 – 2030
      • 8.22.1 The Middle-East and Africa Carpets & Rugs Market, by End-User, 2022 – 2030 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Mohawk Industries Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Shaw Industries Group
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Taekett S.A.
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Interface Inc.
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Dixie Group Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments

List Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Carpets & Rugs Market, 2022 – 2030 (USD Billion)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Carpets & Rugs Market attractiveness, By Type
  • 6. Global Carpets & Rugs Market attractiveness, By Material
  • 7. Global Carpets & Rugs Market attractiveness, By End-User
  • 8. Global Carpets & Rugs Market share by Type, 2022 and 2030 (USD Billion)
  • 9. Global Carpets & Rugs Market by Tufted, 2022 – 2030 (USD Billion)
  • 10. Global Carpets & Rugs Market by Woven, 2022 – 2030 (USD Billion)
  • 11. Global Carpets & Rugs Market by Needle-punched, 2022 – 2030 (USD Billion)
  • 12. Global Carpets & Rugs Market by Knotted, 2022 – 2030 (USD Billion)
  • 13. Global Carpets & Rugs Market by Others, 2022 – 2030 (USD Billion)
  • 14. Global Carpets & Rugs Market share by Material, 2022 and 2030 (USD Billion)
  • 15. Global Carpets & Rugs Market by Nylon, 2022 – 2030 (USD Billion)
  • 16. Global Carpets & Rugs Market by Polyester, 2022 – 2030 (USD Billion)
  • 17. Global Carpets & Rugs Market by Polypropylene, 2022 – 2030 (USD Billion)
  • 18. Global Carpets & Rugs Market share by End-User, 2022 and 2030 (USD Billion)
  • 19. Global Carpets & Rugs Market by Residential, 2022 – 2030 (USD Billion)
  • 20. Global Carpets & Rugs Market by Non-residential, 2022 – 2030 (USD Billion)
  • 21. Global Carpets & Rugs Market by Automotive & Transportation, 2022 – 2030 (USD Billion)
  • 22. Global Carpets & Rugs Market share, by Region, 2022 and 2030
  • 23. North America Carpets & Rugs Market, 2022 – 2030 (USD Billion)
  • 24. Europe Carpets & Rugs Market, 2022 – 2030 (USD Billion)
  • 25. Asia Pacific Carpets & Rugs Market, 2022 – 2030 (USD Billion)
  • 26. Latin America Carpets & Rugs Market, 2022 – 2030 (USD Billion)
  • 27. The Middle-East and Africa Carpets & Rugs Market, 2022 – 2030 (USD Billion)

List Of Tables

  • 1. Global Carpets & Rugs Market: Snapshot
  • 2. Drivers of the Carpets & Rugs Market: impact analysis
  • 3. North America Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 4. North America Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 5. North America Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 6. U.S. Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 7. U.S. Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 8. U.S. Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 9. Canada Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 10. Canada Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 11. Canada Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 12. Europe Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 13. Europe Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 14. Europe Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 15. Germany Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 16. Germany Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 17. Germany Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 18. France Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 19. France Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 20. France Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 21. U.K. Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 22. U.K. Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 23. U.K. Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 24. Italy Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 25. Italy Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 26. Italy Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 27. Spain Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 28. Spain Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 29. Spain Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 30. Rest of Europe Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 31. Rest of Europe Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 32. Rest of Europe Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 33. Asia Pacific Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 34. Asia Pacific Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 35. Asia Pacific Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 36. China Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 37. China Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 38. China Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 39. Japan Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 40. Japan Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 41. Japan Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 42. India Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 43. India Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 44. India Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 45. South Korea Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 46. South Korea Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 47. South Korea Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 48. South-East Asia Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 49. South-East Asia Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 50. South-East Asia Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 51. Rest of Asia Pacific Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 52. Rest of Asia Pacific Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 53. Rest of Asia Pacific Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 54. Latin America Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 55. Latin America Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 56. Latin America Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 57. Brazil Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 58. Brazil Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 59. Brazil Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 60. Mexico Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 61. Mexico Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 62. Mexico Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 63. Rest of Latin America Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 64. Rest of Latin America Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 65. Rest of Latin America Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 66. The Middle-East and Africa Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 67. The Middle-East and Africa Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 68. The Middle-East and Africa Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 69. GCC Countries Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 70. GCC Countries Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 71. GCC Countries Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 72. South Africa Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 73. South Africa Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 74. South Africa Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
  • 75. Rest of Middle-East Africa Carpets & Rugs Market Revenue, By Type, 2022 – 2030 (USD Billion)
  • 76. Rest of Middle-East Africa Carpets & Rugs Market Revenue, By Material, 2022 – 2030 (USD Billion)
  • 77. Rest of Middle-East Africa Carpets & Rugs Market Revenue, By End-User, 2022 – 2030 (USD Billion)
Report Segmentation

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2028
  • Market revenue estimates and forecasts up to 2028, by technology
  • Market revenue estimates and forecasts up to 2028, by application
  • Market revenue estimates and forecasts up to 2028, by type
  • Market revenue estimates and forecasts up to 2028, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

List of the prominent players in the global carpets & rugs market:

  • Mohawk Industries, Inc.
  • Shaw Industries Group
  • Taekett S.A.
  • Interface, Inc.
  • Dixie Group, Inc.

FAQs

“North America” region will lead the global carpets & rugs market during the forecast period 2022 to 2030.

The expansion of the construction industry in both developed and developing countries is the primary factor propelling growth in the carpet and rug industry on a global scale. The demand for carpets and rugs all over the world is being driven by the fact that people want their homes and workplaces to be more visually appealing.

The key players operating in the carpets & rugs market are Mohawk Industries, Inc., Shaw Industries Group, Taekett S.A., Interface, Inc., Dixie Group, Inc., and Others.

The global carpets & rugs market is expanding growth with a CAGR of approximately 4.7% during the forecast period (2022 to 2030).

The global carpets & rugs market size was valued at US$ 77 billion in 2021 and it is projected to reach around US$ 120 billion by 2030.

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