According to IMARC Group’s latest report, titled “Carpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, The global carpet market size reached US$ 58.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.06 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027.
A carpet is a thick floor covering made using wool, jute fiber, or artificial synthetic fibers. It assists in reducing the impact of slips and falls, minimizing noise, and providing warmth and comfort. As it is available in a variety of colors, patterns, and textures, its utilization is increasing across the residential and commercial sectors across the globe.
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Carpet Market Trends:
Increasing construction activities represents one of the key factors positively influencing the demand for carpets worldwide. They offer better aesthetics, value and performance compared to other flooring options. As a result, they are considerably being utilized by designers and architects around the world. Furthermore, the growing awareness about the emissions of volatile organic compounds (VOCs) and other toxic components from carpets has propelled leading players to introduce eco-friendly carpets using natural, renewable fibers, such as sisal, seagrass, coir, and organic cotton. They are also introducing hypoallergenic, stain-resistant, waterproof, and pet-friendly carpets, which are creating a favorable market outlook.
Carpet Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the carpet market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Armstrong Flooring Inc.
- Balta Industries nv.
- Beaulieu International Group
- Brumark
- Dorsett Industries
- Interface Inc.
- Mannington Mills Inc.
- Milliken & Company
- Mohawk Industries Inc.
- Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
- Tarkett
- Victoria PLC
Key Market Segmentation:
The report has segmented the global carpet market on the basis of material, price point, sales channel, end-user and region.
Breakup by Material:
- Nylon
- Olefin
- Polyester
- Others
Breakup by Price Point:
- Economy
- Luxury
Breakup by Sales Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Breakup by End User:
- Residential
- Commercial
Breakup by Region:
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
- Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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