Read Our Report Sample Now for highlights on the market size, current and future growth opportunities, and the market behavior across geographies over the forecast period.
Market Dynamics
The market is driven by the increasing number of residential and commercial construction activities. Improvements in the disposable incomes of consumers and the growth of GDP in emerging economies have resulted in solid growth in the real estate industry worldwide. This has significantly increased the number of residential and commercial construction activities. Thus, with the growing number of commercial and residential spaces, the demand for carpets and rugs is expected to increase during the forecast period.
In addition, increasing consumer preference for home décor and the rising number of renovations and remodeling activities will have a positive impact on the growth of the market. However, the intense competition from LVTs will reduce the growth potential in the market.
Competitive Analysis
The carpets and rugs market report includes information on the product launches, sustainability, and prospects of leading vendors including Berkshire Hathaway Inc., Inter IKEA Group, Interface Inc., Milliken & Co., Mohawk Industries Inc., Oriental Weavers Carpets Co., Tai Ping Carpets International Ltd., Tarkett Group, The Dixie Group Inc., and Victoria Plc.
The report includes the competitive analysis which analyzes and evaluates the position of companies based on their industry position score and market performance score. Some of the factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
View Report Sample for highlights on the competitive scenario in the market.
Market Segmentation
Segmentation by End-User
- By end-user, the market is classified into residential and commercial segments.
- The residential segment accounts for the majority of the market share. The segment includes residential replacements and new residential fitments.
- The demand for carpets and rugs is increasing among residential end-users owing to growing urbanization and the increasing disposable income of consumers.
- Also, the growing global population will have a positive impact on the growth of the segment during the forecast period.
Segmentation by Geography
- By geography, the market is classified as North America, APAC, Europe, and South America.
- APAC will have the largest share of the market. The region will account for 36% of the global market share.
- The availability of low-cost carpets and the growing adoption of carpet tiles in commercial buildings are driving the growth of the regional market.
- Also, factors such as rising income levels due to an increase in the number of working women, the increasing homeownership, globalization, and changing consumer tastes will contribute to the growth of the carpets and rugs market in APAC.
Identify other prominent segments and regions in the market. View Our Report Sample
Related Reports:
Carpets and Rugs Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.59% |
Market growth 2021-2025 |
USD 5.03 billion |
Market structure |
Fragmented |
YoY growth (%) |
1.55 |
Regional analysis |
North America, APAC, Europe, and South America |
Performing market contribution |
APAC at 36% |
Key consumer countries |
US, China, Turkey, Belgium, India, Canada, and Egypt (Arab Republic of Egypt) |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Berkshire Hathaway Inc., Inter IKEA Group, Interface Inc., Milliken & Co., Mohawk Industries Inc., Oriental Weavers Carpets Co., Tai Ping Carpets International Ltd., Tarkett Group, The Dixie Group Inc. , and Victoria Plc |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Home furnishings
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by End-user
- 5.1 Market segments
- Exhibit 15: End-user - Market share 2020-2025 (%)
- 5.2 Comparison by End-user
- Exhibit 16: Comparison by End-user
- 5.3 Residential - Market size and forecast 2020-2025
- Exhibit 17: Residential - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Residential - Year-over-year growth 2020-2025 (%)
- 5.4 Commercial - Market size and forecast 2020-2025
- Exhibit 19: Commercial - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Commercial - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by End-user
- Exhibit 21: Market opportunity by End-user
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 23: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 24: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 25: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 26: North America - Year-over-year growth 2020-2025 (%)
- 7.4 APAC - Market size and forecast 2020-2025
- Exhibit 27: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: APAC - Year-over-year growth 2020-2025 (%)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 31: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 35: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 36: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 37: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Vendor landscape
- Exhibit 38: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 39: Landscape disruption
- Exhibit 40: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 41: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 42: Market positioning of vendors
- 10.3 Berkshire Hathaway Inc.
- Exhibit 43: Berkshire Hathaway Inc. - Overview
- Exhibit 44: Berkshire Hathaway Inc. - Business segments
- Exhibit 45: Berkshire Hathaway Inc. - Key offerings
- Exhibit 46: Berkshire Hathaway Inc. - Segment focus
- 10.4 Inter IKEA Holding BV
- Exhibit 47: Inter IKEA Holding BV - Overview
- Exhibit 48: Inter IKEA Holding BV - Business segments
- Exhibit 49: Inter IKEA Holding BV - Key news
- Exhibit 50: Inter IKEA Holding BV - Key offerings
- 10.5 Interface Inc.
- Exhibit 51: Interface Inc. - Overview
- Exhibit 52: Interface Inc. - Business segments
- Exhibit 53: Interface Inc. - Key offerings
- 10.6 Milliken and Company
- 10.7 Mohawk Industries Inc.
- Exhibit 58: Mohawk Industries Inc. - Overview
- Exhibit 59: Mohawk Industries Inc. - Business segments
- Exhibit 60: Mohawk Industries Inc - Key news
- Exhibit 61: Mohawk Industries Inc. - Key offerings
- Exhibit 62: Mohawk Industries Inc. - Segment focus
- 10.8 Oriental Weavers Group
- Exhibit 63: Oriental Weavers Group - Overview
- Exhibit 64: Oriental Weavers Group - Business segments
- Exhibit 65: Oriental Weavers Group - Key offerings
- Exhibit 66: Oriental Weavers Group - Segment focus
- 10.9 Tai Ping
- Exhibit 67: Tai Ping - Overview
- Exhibit 68: Tai Ping - Product and service
- Exhibit 69: Tai Ping - Key offerings
- 10.10 Tarkett Group
- Exhibit 70: Tarkett Group - Overview
- Exhibit 71: Tarkett Group - Business segments
- Exhibit 72: Tarkett Group - Key offerings
- Exhibit 73: Tarkett Group - Segment focus
- 10.11 The Dixie Group Inc.
- Exhibit 74: The Dixie Group Inc. - Overview
- Exhibit 75: The Dixie Group Inc. - Product and service
- Exhibit 76: The Dixie Group Inc - Key news
- Exhibit 77: The Dixie Group Inc. - Key offerings
- 10.12 Victoria Plc
- Exhibit 78: Victoria Plc - Overview
- Exhibit 79: Victoria Plc - Product and service
- Exhibit 80: Victoria Plc - Key news
- Exhibit 81: Victoria Plc - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 82: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 83: Research Methodology
- Exhibit 84: Validation techniques employed for market sizing
- Exhibit 85: Information sources
- 11.4 List of abbreviations
- Exhibit 86: List of abbreviations
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