Global Carpets and Rugs Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

"Global Carpets and Rugs Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global carpets and rugs market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global carpets and rugs market report has been segmented on the basis of material, type, end user, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Overview:

Carpets and rugs are made using various types of fibers such as wool, polyester, nylon, etc. Carpets are used as a decorative floor covering that covers entire floor of the house. Rugs cover single room or parts of the room. Carpets are also used as wall hangings. They are used for keeping floor warmer and also reducing ambient noise. In addition, they also efficient dust collectors, that can be cleaned monthly or weekly. Rugs are also used for player purposes in mosques. Carpets and rugs are made using various methods such as knotting, weaving, needle punching, etc.

Dynamics:

Growing remodeling and renovation activities is a major factor driving growth of the global carpets and rugs market. Use of carpets for decorative purposes dates back to medieval period. Rising awareness regarding changing home and commercial complexes decoration trends among individuals is another factor expected to fuel growth of the global market. Changing internal decoration trends coupled with increasing availability of various types of carpets and rugs, owing to growing e-commerce sector are also factors propelling growth of the target market. Furthermore, increasing urbanization and rising disposable income are factors expected to boost growth of the global carpets and rugs market in the near future.

However, high cost of raw materials is a factor that may hamper growth of the global carpets and rugs market. Nevertheless, growing organized retailing and increasing construction sector in developing countries can create high revenue opportunities for players in the target market.

Segment Analysis:

On the basis of material, the market is segmented into polyester, polypropylene, nylon, and others. Polypropylene segment expected to dominate the global market in terms of revenue in the near future, owing to its resistance to sunlight fading and water-based stains.

Regional Analysis:

Currently, market in North America accounts for major share in terms of revenue and is expected to witness average growth over the forecast period. High disposable income and increasing adoption of interior with changing treads are factors driving growth of the target market in this region. Europe market accounted for second highest share in terms of revenue and anticipated to maintain its position in the near future. Asia Pacific market in expected to witness fastest growth in terms of revenue over the forecast period, followed by Middle East and Africa and Latin America. Growing construction activities especially in emerging economies and growing adoption of various types of carpets and rugs in residential as well as non- residential purposes are factors fueling growth of the target market in Asia Pacific region.

Global Carpets and Rugs Market Segmentation:

Segmentation by material:

• Polyester
• Polypropylene
• Nylon
• Others (Acrylic, Wool, Silk, etc.)

Segmentation by type:

• Knotted
• Woven
• Needle-punched
• Tufted
• Others (Braided, Knitted, etc.)

Segmentation by end user:

• Automotive and Transportation
• Non-residential
• Residential

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa