Report Code: CMI29541

Published Date: August 2023

Pages: 220+

Category: Consumer Goods

Report Snapshot

CAGR: 4.2%
36.09B
2022
37.91B
2023
54.37B
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: North America
Largest Market: North America

Major Players

  • Mohawk Industries
  • Shaw Industries Group
  • Interface Inc.
  • Dixie Group Inc.
  • Engineered Floors LLC
  • Others

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Reports Description

According to CMI Market Research, North America Carpets and Rugs Market was valued at USD 36.09 Billion in 2022 and is projected to reach USD 54.37 Billion by 2032, growing at a CAGR of 4.2% from 2023 to 2032.

The term “North American carpets and Rugs Market” refers to the sector and industry involved in the production, distribution, and sale of carpets and rugs specifically in the North American region, which includes countries such as the United States, Canada, and Mexico.

This market encompasses a variety of businesses, including manufacturers, retailers, and suppliers, who are engaged in the production and supply chain of carpets and rugs within the region. The market serves both residential and commercial sectors, as carpets and rugs are used for flooring and interior decoration purposes in homes, offices, and other commercial spaces.

Various factors influence the North America Carpets and Rugs Market, including consumer demand, ongoing construction activities, prevailing interior design trends, and considerations for sustainability. It is a significant market that offers a wide array of products, styles, and materials to cater to the diverse preferences and applications of customers within the region.

North America Carpets and Rugs Market – Significant Growth Factors

North America carpet and rug market has several significant growth opportunities that are expected to drive its expansion in the coming years. These opportunities include:

  • Remodelling and Renovation Projects: The rising number of remodelling and renovation activities in residential and commercial spaces is propelling the demand for carpets and rugs. As consumers aim to update and improve their interiors, carpets and rugs play a vital role in providing comfort, aesthetics, and upgraded flooring options. 
  • Urbanization and Globalization: The ongoing trends of urbanization and globalization are driving the growth of the carpets and rugs market in North America. With rapid urban development and the increase in urban dwellings, there is a higher demand for carpets and rugs in residential complexes, commercial buildings, and public spaces.
  • Consumer Interest in Interior Decoration: The growing interest of consumers in interior design and decoration is boosting the demand for carpets and rugs. Consumers now recognize the significance of carpets and rugs as essential elements in interior decor, enabling them to create personalized and visually appealing spaces.
  • Expansion of the Transportation and Construction Industry: The expansion of the transportation and construction industry in North America is fueling the demand for carpets and rugs. Airports, hotels, offices, and other commercial spaces within these industries require carpets and rugs, contributing to the overall market growth.
  • Increasing Demand for Environmentally Friendly Carpets: There is a rising awareness and demand for environmentally friendly products, including carpets and rugs made from sustainable materials and manufactured through eco-friendly processes. This increasing preference for eco-friendly options is driving the development and adoption of environmentally conscious carpets and rugs.
  • Adoption of Carpet Tiles: The popularity and adoption of carpet tiles are on the rise in the North American carpets and Rugs Market. Carpet tiles offer versatility, ease of installation, and maintenance benefits, making them a preferred choice for commercial spaces, offices, and public buildings.
  • Construction Activities in Developing Countries: Developing countries in North America are witnessing significant construction activities, leading to an increased demand for carpets and rugs. The construction of residential complexes, commercial buildings, and infrastructure projects provides substantial growth opportunities for the carpets and rugs market.
  • Importance of Organized Retailing: The growth of organized retailing, including shopping malls and retail chains, contributes to the demand for carpets and rugs. These retail spaces require carpets and rugs to enhance the shopping experience and create visually appealing interiors.
  • Marketing and Advertising Efforts: Aggressive marketing and advertising campaigns by online gambling operators have contributed to market growth. Promotional activities, sponsorships of sports teams and events, and targeted advertising have helped raise awareness and attract new customers.

Overall, these growth opportunities are expected to fuel the expansion of the North America Carpets and rug market in the coming years.

North America Carpets and Rugs Market 2023–2032 (By Material Type)

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North America Carpets and Rugs Market – Mergers and Acquisitions

The North America Carpets and Rugs Market has seen several mergers and acquisitions in recent years. Some notable examples include:

  • In 2016, Shaw Industries, a significant participant in the carpets and rugs market, acquired USFloors. USFloors specializes in sustainable flooring products such as luxury vinyl tiles and cork flooring. This acquisition allowed Shaw Industries to expand its range of products and strengthen its presence in the resilient flooring segment.
  • In 2017, Engineered Floors, a carpet manufacturer, successfully acquired the assets of Beaulieu America, a prominent US-based carpet manufacturer. This strategic acquisition enabled Engineered Floors to increase its market presence and establish itself as a leading carpet manufacturer in North America.
  • In 2018, the Dixie Group, a manufacturer and marketer of carpets and rugs, completed the acquisition of Atlas Carpet Mills, a manufacturer of commercial carpets. This strategic move enabled the Dixie Group to diversify its product portfolio and consolidate its position in the commercial flooring segment.

These mergers and acquisitions have allowed companies to expand their product offerings, reach new markets, and strengthen their positions in North America Carpets and Rugs Market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

North America Carpets and Rugs Market Europe Carpets and Rugs Market Carpets and Rugs Market
CAGR 4.2% (Approx) CAGR 4.6% (Approx) CAGR 5.5% (Approx)
USD 54.37 Billion by 2032 USD 32.76 Billion by 2032 USD 120 Billion by 2032

North America Carpets and Rugs Market – Significant Threats

The North America Carpets and Rugs Market faces several significant threats that could impact its growth and profitability. Some of these threats include:

  • Intense Competition from Alternative Flooring Options: The carpets and rugs market faces fierce competition from alternative flooring options such as hardwood, laminate, and vinyl. These alternatives offer durability, easy maintenance, and a wide range of design choices, posing a threat to the demand for carpets and rugs.
  • Volatility in Raw Material Prices: Fluctuating prices of raw materials like wool, synthetic fibers, and dyes can impact the profitability of carpets and rug manufacturers. Price instability can influence production costs and ultimately affect product pricing and consumer demand.
  • Environmental Concerns and Regulatory Pressures: Increasing emphasis on environmental sustainability and regulations related to emissions and waste disposal present challenges for the carpets and rugs market. Manufacturers must comply with eco-friendly practices and invest in sustainable materials and manufacturing processes to meet evolving environmental standards.
  • Evolving Consumer Preferences and Lifestyle Changes: Changing consumer preferences, including a shift towards minimalist designs and hard-surface flooring options, can influence the demand for carpets and rugs. Lifestyle changes, such as a preference for low-maintenance and allergen-free flooring, can also impact consumer choices and pose a threat to the market.
  • Economic Uncertainty and Market Volatility: Economic downturns and fluctuations in consumer spending patterns can adversely affect the demand for carpets and rugs. During periods of economic uncertainty, consumers may postpone or reduce their expenditure on non-essential items like home furnishings, including carpets and rugs.
  • Counterfeit Products and Intellectual Property Infringement: The carpets and rugs market faces the risk of counterfeit products and violations of intellectual property rights. Unauthorized production and distribution of replicas or imitations can erode the market share and reputation of legitimate manufacturers, undermining overall industry growth.

Overall, these threats pose significant challenges for the North America Online Gambling and betting Market and require companies to be vigilant in addressing them to ensure sustainable growth and profitability.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 37.91 Billion
Projected Market Size in 2032 USD 54.37 Billion
Market Size in 2022 USD 36.09 Billion
CAGR Growth Rate 4.2% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Type, Material Type, Application and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Type:

  • Residential Carpets: Designed specifically for residential use, these carpets are available in a variety of styles, colors, and pile heights to complement different rooms and interior aesthetics.
  • Commercial Carpets: Tailored for high-traffic commercial spaces like offices, hotels, retail stores, and healthcare facilities, these carpets are durable, easy to maintain, and come in a wide range of patterns and colors.
  • Area Rugs: Smaller in size, area rugs are used to add style, warmth, and comfort to specific areas of a room. They come in various shapes, patterns, and materials, allowing for customization based on personal preference.
  • Broadloom Carpets: These carpets come in large rolls and are installed wall-to-wall in both residential and commercial settings. Broadloom carpets provide a seamless appearance and are available in different textures and designs.
  • Carpet Tiles: Modular in nature, carpet tiles can be installed individually, offering flexibility in design and ease of maintenance. They are commonly used in commercial spaces and allow for easy replacement of damaged sections.
  • Oriental and Persian Rugs: Handmade rugs originating from the Middle East and Asia, renowned for their intricate patterns, craftsmanship, and cultural heritage. These rugs are often used as statement pieces in residential and commercial settings.
  • Natural Fiber Rugs: Made from natural materials such as jute, sisal, seagrass, or bamboo, these rugs offer a natural and eco-friendly option. They are commonly used in environmentally conscious spaces.
  • Synthetic Fiber Rugs: Crafted from synthetic materials like nylon, polyester, or polypropylene, these rugs provide durability, stain resistance, and a wide range of colors and patterns to choose from.

North America Carpets and Rugs Market 2023–2032 (By Billion)

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By Material Type:

  • Nylon Carpets and Rugs: Nylon is a popular material choice for carpets and rugs due to its durability, resistance to stains, and wide range of color options. It is well-suited for high-traffic areas and provides excellent performance and long-lasting quality.
  • Polyester Carpets and Rugs: Carpets and rugs made from polyester fibers are valued for their softness, vibrant colors, and resistance to stains. They offer a cost-effective option without compromising on visual appeal and provide good value for money.
  • Polypropylene (Olefin) Carpets and Rugs: Polypropylene carpets and rugs are highly resistant to stains, fading, and moisture. They are commonly used in outdoor settings and areas that are prone to spills, offering durability and practicality in such environments.
  • Acrylic Rugs: Acrylic rugs are designed to resemble the look and feel of wool at a more affordable price point. They are resistant to moisture, mildew, and fading, making them suitable for outdoor use and providing a practical alternative to natural fibers.

By Application

  • Residential: Carpets and rugs created specifically for residential purposes, catering to the flooring needs of houses, apartments, and other residential settings. They provide comfort, enhance aesthetics, and improve insulation while complementing the overall interior design.
  • Commercial: Carpets and rugs designed for use in commercial establishments such as offices, hotels, retail stores, healthcare facilities, and educational institutions. They are engineered to withstand heavy foot traffic, offer durability, and meet the specific requirements of commercial environments.
  • Hospitality: Carpets and rugs customized for the hospitality industry, including hotels, resorts, restaurants, and event venues. These floor coverings are designed to create a welcoming ambience, provide comfort, and withstand the rigorous demands of the hospitality sector.
  • Healthcare: Carpets and rugs are tailored to meet the unique needs of healthcare facilities, such as hospitals, clinics, and nursing homes. They prioritize hygiene, infection control, and ease of maintenance while offering a comfortable and safe environment for patients and healthcare professionals.
  • Education: Carpets and rugs suitable for educational institutions, including schools, colleges, and universities. They are designed to endure heavy usage, foster a conducive learning atmosphere, and provide acoustic benefits to reduce noise levels in educational spaces.
  • Retail: Carpets and rugs specifically crafted for retail environments, including shopping malls, department stores, and boutiques. They enhance the visual appeal of retail spaces, elevate the shopping experience, and deliver comfort to customers.

North America Carpets and Rugs Market – Regional Analysis

The North America Carpets and Rugs Market can be analyzed regionally based on the market presence of key players.

  • United States: In the United States, a key market for carpets and rugs, the focus of regional analysis is on factors such as consumer preferences, housing market trends, construction activities, and regional economic conditions. These factors influence the demand for floor coverings in both residential and commercial sectors.
  • Canada: Canada is another significant market within North America. Regional analysis for Canada takes into account population demographics, consumer preferences, housing trends, and regional economic indicators to gain a comprehensive understanding of the market dynamics and growth potential in the country.
  • Mexico: Mexico, as an emerging market for carpets and rugs, undergoes regional analysis that explores factors such as urbanization, industrial growth, construction activities, and consumer behavior. This analysis helps assess the market opportunities and challenges in Mexico.

North America Carpets and Rugs Market 2023–2032 (By Application)

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Competitive Landscape – North America Carpets and Rugs Market

The North America Carpets and Rugs Market is highly competitive and is dominated by several major players, including:

  • Mohawk Industries, Inc.: Mohawk Industries is a flooring company with a global presence, headquartered in the United States. They provide a diverse selection of carpets and rugs under various brand names, such as Mohawk, Karastan, and Durkan. The company is renowned for its innovative approach, commitment to sustainability, and wide range of product offerings.
  • Shaw Industries Group, Inc.: Shaw Industries is a significant player in the North America carpet and Rugs Market. Based in the United States, they specialize in the production and distribution of carpets and rugs for both residential and commercial applications. Shaw Industries offers a comprehensive product portfolio featuring various styles, patterns, and materials to cater to the diverse preferences of customers.
  • Beaulieu of America: Beaulieu of America is a prominent carpet manufacturer located in the United States. They offer an extensive range of carpets and rugs, including solutions for residential, commercial, and hospitality purposes. Beaulieu is well-known for its emphasis on quality, versatile designs, and dedication to customer satisfaction.
  • Dixie Group, Inc.: The Dixie Group holds a leading position as a manufacturer and marketer of carpets and rugs in North America. They offer a wide array of products under multiple brand names, serving both residential and commercial sectors. The Dixie Group is recognized for its innovative designs, sustainable practices, and strong commitment to customer service.
  • Engineered Floors LLC: Engineered Floors is a carpet manufacturer headquartered in Georgia, specializing in residential and commercial carpets. Their product range encompasses a wide variety of options, prioritizing durability, performance, and value. Engineered Floors is renowned for its advanced manufacturing technologies and continuous focus on product development.
  • Interface, Inc.: Interface is a global leader in modular carpet production, including the North America Carpets and Rugs Market. They are highly regarded for their sustainable practices, innovative designs, and commitment to reducing environmental impact. Interface offers a wide range of carpet tiles suitable for both commercial and residential applications.
  • Milliken & Company: Milliken & Company is a diversified manufacturing company that produces carpets, rugs, and other textiles. They offer a comprehensive selection of carpets for the residential, commercial, and hospitality sectors. Milliken is known for its strong emphasis on sustainability, product performance, and design versatility.

Mannington Mills, Inc., Masland Carpets & Rugs, Karastan (Mohawk Industries), Stanton Carpet Corporation, Couristan Inc., Nourison Industries, Oriental Weavers Group. These are some of the key players in the North America Carpets and Rugs Market that are known for their diverse product offerings and strong brand reputation.

These companies compete on the basis of service quality, pricing, target market, and marketing strategies to maintain their market share and gain a competitive advantage.

The North America Carpets and Rugs Market is segmented as follows:

By Type:

  • Residential Carpets
  • Commercial Carpets
  • Area Rugs
  • Broadloom Carpets
  • Carpet Tiles
  • Oriental and Persian Rugs
  • Natural Fiber Rugs
  • Synthetic Fiber Rugs

By Material Type:

  • Nylon Carpets and Rugs
  • Polyester Carpets and Rugs
  • Polypropylene (Olefin) Carpets and Rugs
  • Acrylic Rugs

By Application

  • Residential
  • Commercial
  • Hospitality
  • Healthcare
  • Education
  • Retail
Regional Coverage
  • United States
  • Canada
  • Mexico

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 North America Carpets and Rugs Market, (2024 – 2033) (USD Billion)
    • 2.2 North America Carpets and Rugs Market : snapshot
  • Chapter 3. North America Carpets and Rugs Market – Industry Analysis
    • 3.1 North America Carpets and Rugs Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Remodeling and Renovation Projects
      • 3.2.2 Urbanization and Globalization
      • 3.2.3 Consumer Interest in Interior Decoration
      • 3.2.4 Expansion of the Transportation and Construction Industry
      • 3.2.5 Increasing Demand for Environmentally Friendly Carpets
      • 3.2.6 Adoption of Carpet Tiles
      • 3.2.7 Construction Activities in Developing Countries
      • 3.2.8 Importance of Organized Retailing
      • 3.2.9 Marketing and Advertising Efforts.
    • 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 Type
      • 3.7.3 Market attractiveness analysis By Application
  • Chapter 4. North America Carpets and Rugs Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 North America Carpets and Rugs Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. North America Carpets and Rugs Market – Type Analysis
    • 5.1 North America Carpets and Rugs Market overview: By Type
      • 5.1.1 North America Carpets and Rugs Market share, By Type, 2022 and – 2033
    • 5.2 Residential Carpets
      • 5.2.1 North America Carpets and Rugs Market by Residential Carpets, 2024 – 2033 (USD Billion)
    • 5.3 Commercial Carpets
      • 5.3.1 North America Carpets and Rugs Market by Commercial Carpets, 2024 – 2033 (USD Billion)
    • 5.4 Area Rugs
      • 5.4.1 North America Carpets and Rugs Market by Area Rugs, 2024 – 2033 (USD Billion)
    • 5.5 Broadloom Carpets
      • 5.5.1 North America Carpets and Rugs Market by Broadloom Carpets, 2024 – 2033 (USD Billion)
    • 5.6 Carpet Tiles
      • 5.6.1 North America Carpets and Rugs Market by Carpet Tiles, 2024 – 2033 (USD Billion)
    • 5.7 Oriental and Persian Rugs
      • 5.7.1 North America Carpets and Rugs Market by Oriental and Persian Rugs, 2024 – 2033 (USD Billion)
    • 5.8 Natural Fiber Rugs
      • 5.8.1 North America Carpets and Rugs Market by Natural Fiber Rugs, 2024 – 2033 (USD Billion)
    • 5.9 Synthetic Fiber Rugs
      • 5.9.1 North America Carpets and Rugs Market by Synthetic Fiber Rugs , 2024 – 2033 (USD Billion)
  • Chapter 6. North America Carpets and Rugs Market – Material Type Analysis
    • 6.1 North America Carpets and Rugs Market overview: By Material Type
      • 6.1.1 North America Carpets and Rugs Market share, By Material Type, 2022 and – 2033
    • 6.2 Nylon Carpets and Rugs
      • 6.2.1 North America Carpets and Rugs Market by Nylon Carpets and Rugs, 2024 – 2033 (USD Billion)
    • 6.3 Polyester Carpets and Rugs
      • 6.3.1 North America Carpets and Rugs Market by Polyester Carpets and Rugs, 2024 – 2033 (USD Billion)
    • 6.4 Polypropylene (Olefin) Carpets and Rugs
      • 6.4.1 North America Carpets and Rugs Market by Polypropylene (Olefin) Carpets and Rugs, 2024 – 2033 (USD Billion)
    • 6.5 Acrylic Rugs
      • 6.5.1 North America Carpets and Rugs Market by Acrylic Rugs , 2024 – 2033 (USD Billion)
  • Chapter 7. North America Carpets and Rugs Market – Application Analysis
    • 7.1 North America Carpets and Rugs Market overview: By Application
      • 7.1.1 North America Carpets and Rugs Market share, By Application, 2022 and – 2033
    • 7.2 Residential
      • 7.2.1 North America Carpets and Rugs Market by Residential, 2024 – 2033 (USD Billion)
    • 7.3 Commercial
      • 7.3.1 North America Carpets and Rugs Market by Commercial, 2024 – 2033 (USD Billion)
    • 7.4 Hospitality
      • 7.4.1 North America Carpets and Rugs Market by Hospitality, 2024 – 2033 (USD Billion)
    • 7.5 Healthcare
      • 7.5.1 North America Carpets and Rugs Market by Healthcare, 2024 – 2033 (USD Billion)
    • 7.6 Education
      • 7.6.1 North America Carpets and Rugs Market by Education, 2024 – 2033 (USD Billion)
    • 7.7 Retail
      • 7.7.1 North America Carpets and Rugs Market by Retail, 2024 – 2033 (USD Billion)
  • Chapter 8. North America Carpets and Rugs Market – Regional Analysis
    • 8.1 North America Carpets and Rugs Market Regional Overview
    • 8.2 North America Carpets and Rugs Market Share, by Region, 2022 & – 2033 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Mohawk Industries
      • 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 Interface Inc.
      • 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 Dixie Group 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 Engineered Floors LLC
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Beaulieu America
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 Tarkett
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Mannington Mills Inc.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Masland Carpets & Rugs
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Karastan (Mohawk Industries)
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Stanton Carpet Corporation
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
    • 9.12 Couristan Inc.
      • 9.12.1 Overview
      • 9.12.2 Financials
      • 9.12.3 Product Portfolio
      • 9.12.4 Business Strategy
      • 9.12.5 Recent Developments
    • 9.13 Milliken & Company
      • 9.13.1 Overview
      • 9.13.2 Financials
      • 9.13.3 Product Portfolio
      • 9.13.4 Business Strategy
      • 9.13.5 Recent Developments
    • 9.14 Nourison Industries
      • 9.14.1 Overview
      • 9.14.2 Financials
      • 9.14.3 Product Portfolio
      • 9.14.4 Business Strategy
      • 9.14.5 Recent Developments
    • 9.15 Oriental Weavers Group
      • 9.15.1 Overview
      • 9.15.2 Financials
      • 9.15.3 Product Portfolio
      • 9.15.4 Business Strategy
      • 9.15.5 Recent Developments
    • 9.16 Others
      • 9.16.1 Overview
      • 9.16.2 Financials
      • 9.16.3 Product Portfolio
      • 9.16.4 Business Strategy
      • 9.16.5 Recent Developments
List Of Figures

Figures No 1 to 29

List Of Tables

Tables No 1 to 2

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 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, 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

Prominent Player

  • Mohawk Industries
  • Shaw Industries Group
  • Interface Inc.
  • Dixie Group Inc.
  • Engineered Floors LLC
  • Beaulieu America
  • Tarkett
  • Mannington Mills Inc.
  • Masland Carpets & Rugs
  • Karastan (Mohawk Industries)
  • Stanton Carpet Corporation
  • Couristan Inc.
  • Milliken & Company
  • Nourison Industries
  • Oriental Weavers Group
  • Others

FAQs

The key factors driving the Market are Remodeling and Renovation Projects, Urbanization and Globalization, Consumer Interest in Interior Decoration, Expansion of the Transportation and Construction Industry, Increasing Demand for Environmentally Friendly Carpets, Adoption of Carpet Tiles, Construction Activities in Developing Countries, Importance of Organized Retailing And Marketing and Advertising Efforts.

The “Type” category dominated the market in 2022.

The key players in the market are Mohawk Industries, Shaw Industries Group, Interface Inc., Dixie Group Inc., Engineered Floors LLC, Beaulieu America, Tarkett, Mannington Mills, Inc., Masland Carpets & Rugs, Karastan (Mohawk Industries), Stanton Carpet Corporation, Couristan Inc., Milliken & Company, Nourison Industries, Oriental Weavers Group.

The market is projected to grow at a CAGR of 4.2% during the forecast period, 2023-2032.

The North America Carpets and Rugs Market size was valued at USD 36.09 Billion in 2022.

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