NEW YORK, Dec. 4, 2023 /PRNewswire/ — The carpets and rugs market is estimated to grow by USD 10.64 billion from 2022 to 2027, growing at a CAGR of 4.4%. The carpets and rugs market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer carpets and rugs market are Bhadohi Rug Co., BRINTONS AGNELLA Ltd., Capel Inc., Engineered Floors LLC, Harounian Rugs International, House of Tai Ping, Inter IKEA Holding B.V., Koch Industries Inc., Lowes Co. Inc., Mannington Mills Inc., Milliken and Co., Mohawk Industries Inc., Oriental Weavers Group, RUGS INC., Saraswati Global Pvt. Ltd., Stark Carpet Corp., Tarkett Group, TAT MING FLOORING, The Home Depot Inc., and Victoria Plc.The report provides a full list of key companies, their strategies, and the latest developments. Download Sample before buying
Technavio has announced its latest market research report titled Global Carpets and Rugs Market 2023-2027
Company Offering:
BRINTONS AGNELLA Ltd: The company offers carpets and rugs such as Agnus Francis silver, Agnus Gazelle pepper, and Agnus Matilda midnight.
Capel Inc: The company offers carpets and rugs such as Sea glass ocean blue, Gramercy Tan, and Bonneville Denim.
Engineered Floors LLC: The company offers carpets and rugs such as Silver Liningiv, Stellar, and Gold standard I.
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By Geography, the market is classified as North America, APAC, Europe, Middle East and Africa, and South America. APAC will have the largest share of the market.
Another region offering significant growth opportunities to companies is North America. Some of the major markets which are significantly contributing to the market in North America are the US and Canada as the region has a strong culture of home improvement and renovation. As a result, such preferences are compatible with the use of carpets and rugs made using natural fibers, recycled materials, or environmentally friendly manufacturing processes. Hence, such factors drive the market growth in North America during the forecast period.
Download a sample report to get more insights on the market share of various regions and the contribution of the segments.
Impactful driver- Consumers’ increasing preference for home decor
Key Trend – Rising demand for eco-friendly carpets and rugs
Major Challenges – High cost of raw materials used in carpets and rugs
Market Segmentation
The market share growth by the nylon segment will be significant during the forecast period. One of the most commonly used d materials for carpet production is nylon due to its excellent properties and performance. In addition, it has high durability and resilience. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
Technavio Research experts have provided more insights on the market share of segments – View Sample Report
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Carpets And Rugs Market Scope |
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Report Coverage |
Details |
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Historic period |
2017-2021 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.4% |
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YoY growth 2022-2023 (%) |
4.11 |
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Regional analysis |
North America, APAC, Europe, Middle East and Africa, and South America |
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Key countries |
US, Canada, China, UK, and Germany |
TOC:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact US:
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SOURCE Technavio
