Carpets & Rugs Market Share, Demand, Top Players, Industry Size, Future Growth By 2029

The global carpet & rugs market size is expected to gain momentum owing to the rising demand for newer housing facilities during the forecast period. This information is published by Fortune Business Insights™ in an upcoming report, titled, “Carpet & Rugs Market, 2022-2029.” The growing popularity of vibrant, appealing colors and non-geometrical designs on carpets and rugs alters consumer perceptions and needs. The development of carpet tiles, eco-friendly carpets, and an increasing preference for modern area rugs all have a beneficial impact on the industry. Carpets and rugs are commonly used in newly constructed homes due to their low cost, easy installation, and appealing appearance. The market is growing due to the recovery from the financial downturn and the growing popularity of furnishings around the world. In both the residential and commercial sectors, carpets and rugs enrich the aesthetic appeal of any location.

COVID-19 Impact-

Detrimental Impact of Covid-19 on Carpet Industry

The COVID-19 pandemic put the worldwide carpet & rugs industry under lockdown, limiting the construction of homes and building projects. Due to the uncertainties in the economy and purchasing power parity in all economies, lockdown restrictions hindered new carpet purchases. Still, they are expected to rebound throughout the projected period with the change.

Fortune Business Insights™ lists out all the carpet & rugs market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

  • Tai Ping Carpets International
  • Mohawk Industries
  • Tarkett S.A.
  • Inter Ikea Systems B.V.
  • Victoria Carpets
  • Shaw Industries
  • Genie Carpet Manufacturers
  • Lowe’s Companies
  • Beaulieu International Group
  • Royalty Carpets Mills

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https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/carpets-rugs-market-104509

What does the Report Offer?

This report forecasts revenue growth at the global, regional, and country levels, as well as a breakdown of market trends in each sub-segment. Reports & Data has segmented the global Carpet and Rugs market by material, type, application, distribution channel, and region for the purposes of this report.

Drivers & Restraints-

Increasing Demand for Eco-Friendly Materials to Stimulate Growth

During the projected period, the worldwide carpet & rugs market growth is expected to grow due to growing environment friendly material used. Developing economies dynamics are expected to have an impact on the global carpets and rugs industry. In the future years, the worldwide carpets and rugs market is expected to benefit from the increasing demand for environmentally friendly carpets, increasing costs for modern throw rugs, and increasing use of laminate floors. The growing popularity of furniture design has boosted consumer spending for carpets & rugs. In addition, the industry is likely to be driven by the rising availability of natural and compostable goods like jute in the coming years. Furthermore, due to the ease of installation, reasonable pricing, and appealing aesthetics, the worldwide carpets and rugs industry is predicted to rise significantly.

REGIONAL INSIGHTS

Rapid Expansion of Construction Activities to Promote Growth in North America

North America is expected to hold the largest global carpet & rugs market share during the forecast period. One of the key causes fueling the growth of the carpets and carpet tile market in the coming years is the massive growth of constructions and residential activities across the area, especially in the United States. One of the major elements driving the carpet tile market's growth in the United States is customer engagement in interior decoration. Apart from that, increased restoration and remodeling activities in the US real estate sector have significantly increased carpet tile demand in recent years.

Asia Pacific is expected to have a sizable share of the market. Major growth factors in the region include the existence of leading carpet production nations such as China and India, rapid urbanization, an expanding middle and upper-class population, and the correlating increase in supply for well-equipped and outfitted houses, way of living upgrades, and spending increases on furniture and interior design.

Inquire Before Buying This Research Report:

https://www.fortunebusinessinsights.com/enquiry/queries/carpets-rugs-market-104509

Competitive Landscape-

Key Players to Focus on R&D Investments to Offer Advanced Products

The report examines the major international participants in the carpet & rugs industry. Few big firms currently control the industry in terms of market share. The leading players are concentrating on product innovation as well as incorporating innovative technologies into their current offerings. On the other hand, mid-size businesses are expanding their market presence by entering new markets as a result of technology improvement and product innovation.

The Global Carpets & RugsMarket Research/Analysis Report Contains Answers to your following Questions:

  • Which Manufacturing Technology is used for Folded Wipes? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Carpets & RugsMarket? What are Their Company Profile, Their Product Information, and Contact Information?
  • What Was Global Market Status of Carpets & RugsMarket? What Was Capacity, Production Value, Cost and PROFIT of Carpets & RugsMarket?
  • What Is Current Market Status of Carpets & RugsIndustry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Carpets & RugsMarket Trends by Taking Applications and Types in Consideration?
  • What Are Projections of Global Carpets & Rugs Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?
  • What Is Carpets & Rugs Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Carpets & RugsIndustry? What are Global Carpets & RugsAnalysis Results? What Are Global Carpets & RugsDevelopment Trends?
  • What Are Market Dynamics of Carpets & RugsMarket? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Carpets & RugsIndustry?

Industry Development-

  • February 2020: In the North American market, Mohawk Industries, a carpet manufacturer based in the United States, introduced a sustainable canvas carpet plank.

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https://www.fortunebusinessinsights.com/enquiry/customization/carpets-rugs-market-104509

 

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