World Carpet and Rugs Analysis 2020 with COVID-19 Adjusted Forecasts to 2027

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Jun 24, 2020, 17:45 ET

DUBLIN, June 24, 2020 /PRNewswire/ -- The "Carpets and Rugs - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Amid the COVID-19 crisis and the looming economic recession, the Carpets and Rugs market worldwide will grow by a projected US$5.5 Billion, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 2.2%. Tufted carpets, one of the segments analyzed and sized in this study, is forecast to grow at over 2.3% and reach a market size of US$28.4 Billion by the end of the analysis period. The Tufted market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned.

As part of the new emerging geographic scenario, the United States is forecast to readjust to a 1.3% CAGR. Within Europe, Germany will add over US$114.3 Million to the region's size over the next 7 to 8 years. In addition, over US$135.5 Million worth of projected demand in the region will come from Rest of European markets. In Japan, the Tufted segment will reach a market size of US$1.6 Billion by the close of the analysis period. Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Carpets and Rugs market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world's second largest economy will grow at 4.6% over the next couple of years and add approximately US$1.9 Billion in terms of addressable market opportunity.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Competitors identified in this market include:

Al Abdullatif Industrial Investment Company
Axminster Carpets Limited
Balta Group NV
Beaulieu International Group
Brintons Carpets Limited
Cormar Carpet Company
Dream Weaver Carpet
Engineered Floors LLC
Heckmondwike FB
ICE International
Interface, Inc.
Mannington Mills, Inc.
Milliken Floor Coverings
Mohawk Industries, Inc.
Oriental Weavers Group
Scott Group Studio
Shaw Industries Group, Inc.
Societe Ateliers Pinton SARL
Suminoe Textile Co., Ltd.
Tai Ping Carpets International Ltd.
Tarkett S. A.
The Dixie Group
Victoria PLC

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Carpets: The Age-Old Visually Appealing and Long-Lasting Floor Covering Option
The US and China Dominate Global Carpet Production
Machine Made Carpets: A Threat to Hand Made Ones?
Other Important Carpet Producing Countries Worldwide
Hand-Woven Carpets Dominate Production in Asia and the Middle East
Market Fortunes Intrinsically Tied to the Global Floor Coverings Market
Developing Markets Spearhead Current and Future Market Growth
India & China Offer Significant Growth Opportunities
Carpets and Rugs Competitor Market Share Scenario Worldwide (in %): 2020 & 2029
Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Premium Luxury Rugs Sales Continue to Grow
Unique Features to Drive Sales in the Residential Segment
Steady Penetration of Custom Area-Rugs to Benefit Sales
Carpet Runners & Area Rugs
Digitization of the Marketplace Improve Connectivity with the Consumers, Bodes Well for the Market
Area Rug Suppliers & Retailers Focus on both Physical and Digital Presence
Online Presence Essential for Survival in the Marketplace
Focus on Environmentally Safe and Sustainable Carpets Boost Demand
Carpets on the Green' Path
Carpet Recycling Gains Significant Attention
Growing Demand from the Commercial Sector Drive Healthy Market Growth
Recovery in the Global New Construction and Renovation Activity Lends Traction to Market Growth
Construction Industry Statistical Snapshot
Rising Energy Costs and Pressing Need for Energy Efficiency Drive Demand for Carpets
Ease and Speed of Installation along with Other Benefits Drive Consumer Interest in Carpet Tiles
Nylon Steadily Lose Ground to Polyester, Polypropylene, and Eco-Friendly Fibers
Polyester Fibers Experience an Upward Momentum
Soft Handed Fibers Witness Growing Demand
Favorable Demographic Trends Strengthen Market Prospects
Expanding Global Population
Burgeoning Middle Class Population
Exponential Increase in Urbanization
Rising Standards of Living
Self-Cleaning Carpets
Magnetic Underlayment
Airo Carpets: Fully Recyclable Carpets
Stain Resistance
Pet Friendly and Waterproof Carpets
Carpet Cleaning Technologies
Carpet Trends in High, Middle and Entry Level Segments
Carpets with 2D Surfaces based on Optical Illusions
Mohawk Develops Continuum PET BCF Technology
Nanotechnology Based Molecular Carpet Weaving: A Promising Development
CAD Systems Improve Carpet Design and Production Efficiencies

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/5r188j

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