NEW YORK, Dec. 12, 2016 /PRNewswire/ -- Opportunities identified by product type (woven, tufted, knotted, other), by end use type (residential, non-residential [healthcare, education, hospitality, retail, office, other], transportation), by material type (nylon, polyester, polypropylene, other), by region (North America, Europe, Asia Pacific, Rest of the World)
The future of the global carpet and rug market looks good with opportunities in the residential, non-residential, and transportation segments. The global carpet and rug market is expected to reach an estimated $39.1 billion by 2021 and is forecast to grow at a CAGR of 2.6% by value from 2016 to 2021. The major drivers of growth for this market are the growth in construction and transportation industry and an increase in renovation activities. Consumers are moving towards bold attractive colors and non-geometrical designer patterns of carpet and rugs which also help to drive the demand in the market.
Emerging trends that have a direct impact on the dynamics of the industry include increasing acceptance of carpet tiles, increasing demand for eco-friendly carpet, and increasing preference of contemporary area rugs.
A total of 204 figures / charts and 45 tables are provided in this 233-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this report, download the report brochure.
The study includes a forecast for the carpet and rug market by product, application, material, and region as follows:
By product [Volume (M sqm) and Value ($ million) from 2010 to 2021]:
By end-use [Volume (M sqm) and Value ($ million) from 2010 to 2021]:
By material [Value ($ million) from 2010 to 2021]:
By region [Volume (M sqm) and Value ($ million) from 2010 to 2021]:
- North America
- Asia Pacific
- The Rest of the World
Mohawk Industries, Inc., Shaw Industries, Interface, Oriental Weavers Group, and Tarkett are among the major suppliers of carpets and rugs.
On the basis of its comprehensive research Lucintel forecast that the knotted segment is likely to experience the highest growth during the forecast period due to the growing demand for eco-friendly carpet and rugs made from natural and biodegradable renewable fibers.
Within the carpet and rug market, the residential end use segment is expected to remain the largest and fastest growing market by value and volume. Growth in demand for carpets and rugs is largely dependent on housing renovation and new residential construction, which are the major factors that would spur growth for this segment over the forecast period.
North America is expected to remain the largest market due to continuous growth in residential and commercial building construction activities.
This report addresses the following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for carpet and rug market by product (woven, tufted, knotted, and others), end use (residential, non-residential, transportation, healthcare, education, hospitality, retail, office, and other), material (nylon, polyester, polypropylene, and other) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers, challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
Lucintel has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team.
The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market.
Some of the manufacturers in global carpet and rug market are Tarkett, Mohawk Industries Inc., Shaw Industries and others. Some of the distributors in this market are Mohawk Industries Inc., Oriental Weavers Group, and others.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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