Carpet and Rugs Market Share Analysis, Company Profiles, and Forecast To 2027
Posted by Supriya Kokate on October 17th, 2021
The global Carpet and Rugs Market size is estimated to reach USD 168.27 Billion from USD 111.49 Billion in 2019, delivering a CAGR of 4.5% through 2027. The market growth is driven by rapid urbanization and globalization across the globe, along with increasing consumer spending on home interior aesthetics and renovation activities.
Carpets and rugs are used in homes and offices for their artistic, aesthetic, and functional properties. They not only cover floors but also enhance the overall appeal as a part of interior decoration. The rugs and carpets offer a protective layer to floors and are a crucial part of the home and office interiors in the cold climate region for trapping warmth. A rise in the number of residential and commercial projects across the globe, along with an increasing focus on the aesthetics aspect of buildings, is likely to boost the global carpets and rugs market growth.
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The industry players in the carpets and rugs market are focused on developing products that are more environment-friendly, durable, versatile, and easy to install as well as maintain. Moreover, product availability on online distribution channels will supplement the carpets and rugs market share over the forecast period.
Key participants in the carpet and rugs market are Victoria Plc., Ikea Group, Tarkett S.A., Interface Inc., Milliken & Company, Mohawk Industries, Inc., Oriental Weavers, Tai Ping Carpets International Limited, Home Depot Inc., and Dixie Group Incorporation, among others.
For the purpose of this report, Reports and Data has segmented into the Global Carpets and Rugs Market on the basis of material, type, application, distribution channel, and region:
Material Outlook (Volume, Thousand Units; Revenue, USD Billion; 2017-2027)
Type Outlook (Revenue, USD Billion; 2017-2027)
Applications Outlook (Revenue, USD Billion; 2017-2027)
Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
Further key findings from the report suggest
Key insights presented in the report:
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About the AuthorSupriya Kokate
Joined: January 23rd, 2019
Articles Posted: 588
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