PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579914
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1579914
Global Carpet Market Size Study, by Material, by End User, by Price Point, by Sales Channel and Regional Forecasts 2022-2032
The Global Carpet Market is valued at approximately USD 63.4 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2024-2032. Carpets, a fundamental aspect of interior design, serve as both decorative and functional elements in residential and commercial spaces. They provide comfort, insulation, and aesthetic appeal, contributing significantly to the overall ambiance of a room. The growing consumer inclination toward environmentally friendly and sustainable products is driving manufacturers to innovate by incorporating recycled materials and natural fibers in carpet production. Technological advancements have further enhanced the durability and stain resistance of carpets, making them increasingly appealing to households with children and pets. Additionally, the rising popularity of home renovation and improvement projects, spurred by higher disposable incomes and the influence of interior design trends on social media platforms, is propelling the demand for carpets across various regions.
The global carpet market is witnessing robust growth, driven by several key factors. The increasing emphasis on sustainability and green products has led to the development of carpets made from recycled materials and low-VOC adhesives, catering to the environmentally conscious consumer segment. Moreover, the surge in urbanization, coupled with the expansion of residential and commercial construction activities, is fueling the demand for carpets as a preferred flooring option due to their versatility in design and comfort. However, the industry faces challenges, including the environmental impact of traditional carpet manufacturing processes and stiff competition from alternative flooring solutions such as hardwood, laminate, and luxury vinyl tiles (LVT), which are often perceived as more durable and easier to maintain.
The carpet market presents significant opportunities for manufacturers, particularly in the development of sustainable and high-performance carpets that meet the evolving demands of consumers. Technological advancements are paving the way for innovative products with enhanced features such as improved stain resistance, antimicrobial properties, and greater durability, making carpets more attractive for both residential and commercial applications. The market's potential for growth is further supported by the continuous expansion of urban areas and the increasing trend of home remodeling, especially in regions such as North America and Europe.
Geographically, the carpet market exhibits diverse trends across different regions. In North America, the U.S. leads the market, driven by a strong housing market and a rising demand for luxury and sustainable carpets. Europe, particularly Western Europe, shows a growing preference for eco-friendly and innovative carpet solutions, with countries like Germany and the Netherlands emphasizing high-quality, sustainable materials. Meanwhile, Asia-Pacific, with countries such as China and India, is witnessing rapid growth due to increasing urbanization and industrialization, despite facing challenges related to environmental regulations and rising labor costs.
Major market players included in this report are:
- Mohawk Industries, Inc.
- Tarkett S.A.
- Armstrong Flooring, Inc.
- Mannington Mills, Inc.
- The Dixie Group Inc.
- Beaulieu International Group N.V.
- Balta Group
- Berkshire Hathaway, Inc.
- Brumark Corporation
- Dorsett Industries
- Shaw Industries Group Inc.
- Inter Ikea Systems B.V.
- Victoria Carpets Ltd.
- Oriental Weavers Company
- Tai Ping Carpets International Ltd.
The detailed segments and sub-segments of the market are explained below:
By Material:
- Nylon
- Olefin
- Polyester
- Others
By End User:
- Residential
- Commercial
By Price Point:
- Economy
- Luxury
By Sales Channel:
- Hypermarkets and Supermarkets
- Specialty Stores
- Online Sales Channels
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
Common content for 'Report Description':
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- Saudi Arabia
- South Africa
- RoMEA
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Carpet Market Executive Summary
- 1.1. Global Carpet Market Size & Forecast (2022-2032 )
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Material
- 1.3.2. By End User
- 1.3.3. By Price Point
- 1.3.4. By Sales Channel
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Carpet Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Carpet Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increase in Demand for Sustainable and Green Products
- 3.1.2. Technological Advancements in Carpet Manufacturing
- 3.1.3. Growth in Urbanization and Construction Activities
- 3.2. Market Challenges
- 3.2.1. Environmental Impact of Traditional Carpet Manufacturing
- 3.2.2. Competition from Alternative Flooring Options
- 3.3. Market Opportunities
- 3.3.1. Development of Sustainable Carpets
- 3.3.2. Technological Innovations in High-Performance Carpets
Chapter 4. Global Carpet Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top investment opportunity
- 4.4. Top winning strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Carpet Market Size & Forecasts by Material 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Carpet Market: Material Revenue Trend Analysis, 2022 & 2033 (USD Billion)
- 5.2.1. Nylon
- 5.2.2. Olefin
- 5.2.3. Polyester
- 5.2.4. Others
Chapter 6. Global Carpet Market Size & Forecasts by End User 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Carpet Market: End User Revenue Trend Analysis, 2022 & 2033 (USD Billion)
- 6.2.1. Residential
- 6.2.2. Commercial
Chapter 7. Global Carpet Market Size & Forecasts by Price Point 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Carpet Market: Price Point Revenue Trend Analysis, 2022 & 2033 (USD Billion)
- 7.2.1. Economy
- 7.2.2. Luxury
Chapter 8. Global Carpet Market Size & Forecasts by Sales Channel 2022-2032
- 8.1. Segment Dashboard
- 8.2. Global Carpet Market: Sales Channel Revenue Trend Analysis, 2022 & 2033 (USD Billion)
- 8.2.1. Hypermarkets and Supermarkets
- 8.2.2. Specialty Stores
- 8.2.3. Online Sales Channels
Chapter 9. Global Carpet Market Size & Forecasts by Region 2022-2032
- 9.1. North America Carpet Market
- 9.1.1. U.S. Carpet Market
- 9.1.1.1. Material breakdown size & forecasts, 2022-2032
- 9.1.1.2. End User breakdown size & forecasts, 2022-2032
- 9.1.1.3. Price Point breakdown size & forecasts, 2022-2032
- 9.1.1.4. Sales Channel breakdown size & forecasts, 2022-2032
- 9.1.2. Canada Carpet Market
- 9.1.3. Mexico Carpet Market
- 9.1.1. U.S. Carpet Market
- 9.2. Europe Carpet Market
- 9.2.1. UK Carpet Market
- 9.2.2. Germany Carpet Market
- 9.2.3. France Carpet Market
- 9.2.4. Spain Carpet Market
- 9.2.5. Italy Carpet Market
- 9.2.6. Rest of Europe Carpet Market
- 9.3. Asia-Pacific Carpet Market
- 9.3.1. China Carpet Market
- 9.3.2. India Carpet Market
- 9.3.3. Japan Carpet Market
- 9.3.4. Australia Carpet Market
- 9.3.5. South Korea Carpet Market
- 9.3.6. Rest of Asia Pacific Carpet Market
- 9.4. Latin America Carpet Market
- 9.4.1. Brazil Carpet Market
- 9.4.2. Mexico Carpet Market
- 9.4.3. Rest of Latin America Carpet Market
- 9.5. Middle East & Africa Carpet Market
- 9.5.1. Saudi Arabia Carpet Market
- 9.5.2. South Africa Carpet Market
- 9.5.3. Rest of Middle East & Africa Carpet Market
Chapter 10. Competitive Intelligence
- 10.1. Key Company SWOT Analysis
- 10.2. Top Market Strategies
- 10.3. Company Profiles
- 10.3.1. Mohawk Industries, Inc.
- 10.3.1.1. Key Information
- 10.3.1.2. Overview
- 10.3.1.3. Financial (Subject to Data Availability)
- 10.3.1.4. Product Summary
- 10.3.1.5. Market Strategies
- 10.3.2. Tarkett S.A.
- 10.3.3. Armstrong Flooring, Inc.
- 10.3.4. Mannington Mills, Inc.
- 10.3.5. The Dixie Group Inc.
- 10.3.6. Beaulieu International Group N.V.
- 10.3.7. Balta Group
- 10.3.8. Berkshire Hathaway, Inc.
- 10.3.9. Brumark Corporation
- 10.3.10. Dorsett Industries
- 10.3.11. Shaw Industries Group Inc.
- 10.3.12. Inter Ikea Systems B.V.
- 10.3.13. Victoria Carpets Ltd.
- 10.3.14. Oriental Weavers Company
- 10.3.15. Tai Ping Carpets International Ltd.
- 10.3.1. Mohawk Industries, Inc.
Chapter 11. Research Process
- 11.1. Research Process
- 11.1.1. Data Mining
- 11.1.2. Analysis
- 11.1.3. Market Estimation
- 11.1.4. Validation
- 11.1.5. Publishing
- 11.2. Research Attributes
