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Carpets & Rugs Market by Type, Material, End-use Sector, and Region - Global Forecast to 2022

Carpets & Rugs Market: Global Forecast until 2022

  • June 2017
  • 195 pages
  • ID: 4975546
In this report:
Turkey has a considerable competitive advantage as the carpet industry increased its export capacity by ##% between 2007 and 2015, and has set high targets for the future.
The construction spending growth during this period for China is expected to be ##.##%, for India it is expected to be ##%, while for Vietnam it is expected to be ##.##% of the global construction spending.

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"Market for carpets & rugs forecasted to grow at a compound annual growth rate (CAGR) of 4.20 percent."

The overall market for carpets & rugs is forecasted to grow from ~$91.6B in 2017 to attain ~$112.7B by 2022, at an estimated compound annual growth rate of 4.20 percent. The carpets & rugs market is influenced by Elements such as increasing interest of consumers toward interior decoration and quick urbanization & globalization. Elements such as rise in the market demand from the residential market and increase in number of renovation & remodeling activities are further driving the industry demand for carpets & rugs. Emerging markets including the Asia-Pacific area have contributed to an growth in the application of carpets & rugs in the construction industry. High prices of raw materials is a restraining factor for the carpets & rugs market.

"The sector for tufted carpets & rugs to grow at the highest CAGR (Compound annual growth rate) during the outlook period."

The tufted type of carpets & rugs is expected to grow at the highest compound annual growth rate (CAGR) between 2017 and 2022. The growing demand from residential and non-residential markets is driving the expansion of tufted type of carpet in the carpets & rugs market. Tufted carpets account for the majority share of the carpets & rugs market, since they are extremely sturdy and hardwearing as well as fast and easy to manufacture. It is the most common method of constructing carpets for domestic and commercial floors. The large demand and fast increase of this type of carpet are supported by its easy and rapid manufacturing process, along reasonable pricing. Additionally, tufting is suitable for all types of fibers and yarns and can be made in a variety of finishes.

"Asia-Pac (APAC) is to gain maximum traction during the estimate period."

The Asia Pacific (APAC) area is forecasted to be the quickest developing market during the outlook period, succeeded by Middle East area & African continent. In APAC, China (CN) is estimated as the most important consumer for carpets & rugs, succeeded by India (IN). China (CN), with its increasing residential & non-residential industry of the construction industries, is predicted to push the carpets & rugs market. The main driving factors of the market in Asia-Pac are the increase in construction activities and expansion of end-use markets in the area. China (CN) was the biggest market for carpets & rugs in the territory in 2016. India (IN) has successfully been able to register a significant share in the industry for carpets & rugs at the overall level. The population increase rate in India (IN) is higher than that of China, projecting India as the most populous country by 2030, according to the Office of the Registrar General and Census Commissioner, India (IN); this is driving the increase of the construction, transportation, and infrastructure sectors.

Distribution of primaries

Primary Q&A were managed with a number of industry experts to gather info associated to various aspects of carpets & rugs. The classification of primaries interviews is like:

• By Company category: Tier 1 - 31.0 percent, Tier 2 - 37.0 percent, and Tier 3 - 32.0 percent

• By Description: C-suite - 65.0 percent and Grade of manager - 35.0 percent

• By Area: North America continent - 25.0 percent, Europe (EU) - 28.0 percent, Asia Pacific (APAC) - 22.0 percent, South America region - 10.0 percent, and Middle East (ME) & African continent - 15.0 percent

The different suppliers of carpets & rugs and related products in the analysis are like follows:

1. Mohawk Industries, Inc.

2. Shaw Industries Group

3. Lowe's Companies, Incorporated

Segment Research

The market research defines, segments, and projects the carpets & rugs market size on the basis of class, material, end-use market, and area. The market research examines competitive developments including acquisitions, business developments, new industry product developments, and analysis & growth activities in the carpets & rugs market.

This study will help the industry leaders (and new entrants) in the following points:

1. This report segments and studies the carpets & rugs market comprehensively and offers the closest approximation of the revenue numbers for the global market and the sub-segments across the distinct verticals and localities.

2. This business report will facilitate partners to comprehend the sector and offer them with info on main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners to better find out their players and obtain additional insights into their rank in the business sector.

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