According to the latest report by IMARC Group, titled “Carpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global carpet market size reached US$ 58.05 Billion in 2021. Looking forward, IMARC Group expects the market to expand at a CAGR of 4.2% during the forecast period (2022-2027).
A carpet is a thick floor covering made using wool, jute fiber, or artificial synthetic fibers. It assists in reducing the impact of slips and falls, minimizing noise, and providing warmth and comfort. As it is available in a variety of colors, patterns, and textures, its utilization is increasing across the residential and commercial sectors across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Carpet Market Trends and Drivers:
Increasing construction activities represents one of the key factors positively influencing the demand for carpets worldwide. They offer better aesthetics, value and performance compared to other flooring options. As a result, they are considerably being utilized by designers and architects around the world. Furthermore, the growing awareness about the emissions of volatile organic compounds (VOCs) and other toxic components from carpets has propelled leading players to introduce eco-friendly carpets using natural, renewable fibers, such as sisal, seagrass, coir, and organic cotton. They are also introducing hypoallergenic, stain-resistant, waterproof, and pet-friendly carpets, which are creating a favorable market outlook.
Global Carpet Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
- Armstrong Flooring Inc.
- Balta Industries nv.
- Beaulieu International Group
- Brumark
- Dorsett Industries
- Interface Inc.
- Mannington Mills Inc.
- Milliken & Company
- Mohawk Industries Inc.
- Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
- Tarkett and Victoria PLC.
Key Market Segmentation:
The report has segmented the global carpet market on the basis of material, price point, sales channel, end user and region.
Breakup by Material:
- Nylon
- Olefin
- Polyester
- Others
Breakup by Price Point:
- Economy
- Luxury
Breakup by Sales Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
Breakup by End User:
- Residential
- Commercial
Breakup by Region:
- North Americ
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
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Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
