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Carpets and Rugs Market Size, Share, Growth Analysis Report By Type (Tufted, Woven, Needle-punched, Knotted, Others), By Material (Nylon, Polyester, Polypropylene), By End-User (Residential, Non-residential, Automotive & Transportation), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022 to 2030
Overview
Carpets and Rugs Market
Global Carpets and Rugs Market: Overview
According to Custom Market Insights (CMI), The Global Carpets and Rugs Market was estimated to be worth USD 78.12 billion in 2021 and is expected to reach USD 82.12 billion in 2022 and is anticipated to reach USD 120 billion by 2030, with a CAGR of around 5.5% between 2022 and 2030.
Especially when the child is at home or school, carpets and rugs serve as a safety measure to reduce falls and prevent catastrophic injuries in addition to enhancing the attractiveness of the house and its surroundings. As construction activity rises in both developed and emerging nations, demand for these materials keeps rising.
Due to their affordability and ease of installation, carpets and rugs are typically put in new residences. Residential carpet demand for ultra softness is propelling global revenue growth. The demand for rugs is also being fueled by the trend of adding plush rugs for warmth to living rooms and bedrooms to create a cozy atmosphere. Innovative luxury rugs that enhance their look without compromising their durability and stain resistance are being marketed and promoted by manufacturers more and more.
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Carpets and Rugs Market: Growth Drivers
The development of naturally biodegradable materials like jute is promoting market profit expansion. The eco friendliness of carpets and rugs is enhanced by the use of materials like sisal and sea glass, and the products efficiency is improved by the use of chemical additives like antibacterial agents, flame retardants, and pest control agents. The revenue of the global carpet market over the projection period, particularly during the global blockade, was also impacted by the availability of a variety of products through online sales channels, along with the growing trend of online shopping due to the numerous benefits offered.
Report URL: https://www.custommarketinsights.com/report/carpets-rugs-market/
Carpets and Rugs Market: Regional Analysis
Due to the significant amount of commercial and residential remodeling projects underway there and the regions growing purchasing power, North America accounted for the greatest portion of global sales in 2021. The US building and housing sectors explosive growth is a key factor in the markets revenue growth. Additionally, the widespread practice of publishing original interior design related content on social media platforms has aided in the expansion of this business in the area.
Carpets and Rugs Market: Recent developments
- Aug 2020 : The newest rice straw based collection from Made in India, FRNDRING, was introduced by IKEA in August 2020. Includes a new line of eco friendly goods like rugs, lampshades, and other decorations. The company wants to encourage farmers to practice sustainable agriculture and lessen pollution.
Key Players:
- Mohawk Industries, Inc.
- Shaw Industries Group
- Taekett S.A.
- Interface, Inc.
- Dixie Group, Inc
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The global Carpets and Rugs market is segmented as follows:
By Type
- Tufted
- Woven
- Needle punched
- Knotted
- Others
By Materiale
- Nylon
- Polyester
- Polypropylene
- Others
By End-User
- Residential
- Non residential
- Automotive & Transportation
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Browse Other Custom Market Insights coverage of the Global Consumer Goods Industry
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