Carpet Flooring Market by Material, Type, Installation Method, Application

List of Tables

[192 Pages Report] The Carpet Flooring Market size was estimated at USD 75.61 billion in 2023 and expected to reach USD 79.33 billion in 2024, at a CAGR 5.23% to reach USD 108.11 billion by 2030.

The carpet flooring market refers to the global industry responsible for the manufacturing, distributing, and selling carpet flooring products. Carpet flooring products are utilized in residential and commercial applications due to their aesthetic appeal, comfort, and functionality. Increasing urbanization and a booming construction sector, especially in emerging economies, have significantly driven the demand for carpet flooring. A shift in consumer preferences towards more aesthetic and comfortable living spaces has heightened the demand for high-quality carpet flooring. The increased emphasis on environmental sustainability has led to developing eco-friendly carpeting solutions, attracting environmentally conscious consumers. However, the rising popularity of alternative flooring options such as hardwood and vinyl plank flooring poses a significant challenge for market growth. The production and disposal of carpets, especially those made from non-recyclable materials, raise environmental concerns that can hamper market growth. Moreover, the expansion of the eco-friendly product range to meet growing environmental concerns is attracting new opportunities in the market. Ongoing investment in research and development to create innovative and recyclable materials are anticipated to generate significant growth potential in the market.

KEY MARKET STATISTICS
Base Year [2023]	USD 75.61 billion
Estimated Year [2024]	USD 79.33 billion
Forecast Year [2030]	USD 108.11 billion
CAGR (%)	5.23%

Material: Customer preference for wool carpets due to rich texture and aesthetic appeal

Acrylic carpets are preferred for their wool-like qualities, such as a soft, warm feel, and good moisture and mildew resistance. Acrylic carpets are often chosen for areas that require a cozy atmosphere with a relatively budget-friendly option. Nylon is utilized for its durability, resistance to wear and tear, and excellent resilience, making it a top choice for commercial and high-traffic areas. Polyester is appreciated for its luxurious look, exceptional softness, and intrinsic stain and fade resistance, offering a wide range of vibrant textures and colors at a cost-effective price point. Polypropylene carpets are highly resistant to moisture, mildew, and stains, making them suitable for indoor and outdoor spaces. Wool is a premium, natural carpet material that offers a rich texture, exceptional durability, and natural soil resistance.

Installation Method: Increasing adoption of carpet tiles due to low maintenance requirements

Carpet tiles are modular carpets or carpet squares, offer a DIY-friendly, versatile, and easily replaceable flooring solution. Carpet tiles are ideal for commercial spaces, high-traffic areas, and rooms prone to spills and stains, allowing for simple installation and maintenance. Loose lay carpet is designed for quick and easy installation, requiring minimal preparation and no adhesive, making it an ideal temporary or semi-permanent solution for residential and commercial spaces. The loose lay installation method is particularly suited for rental properties or events where damage to the underlying floor is a concern. Stretch-in installation is a traditional method used primarily for residential areas, requiring a tack strip, carpet pad, and specialized tools to ensure a tight fit and prevent wrinkles or movement over time. Stretch-in installations are best suited for wall-to-wall carpeting in environments where a plush feel and a high level of underfoot comfort are desired, allowing for a wider selection of carpet types. Wall-to-wall carpeting, often installed through the stretch-in method, provides a seamless look that can make spaces feel larger and more cohesive.

Regional Insights

The carpet flooring market remains robust in the Americas region, propelled by a strong housing market and renovations. The trend in the United States and Canada leans towards eco-friendly and sustainable carpets, reflecting a broader consumer shift towards environmental responsibility. Major players are investing in recycling programs and green manufacturing processes, contributing to the market growth in the Americas region. The European Union enforces strict regulations on carpet manufacturing, focusing on environmental impact and consumer safety. EU consumers generally exhibit a high demand for luxury and high-quality carpets, with a notable interest in innovative designs and smart carpets equipped with IoT technologies. The EU market is witnessing a surge in research focused on sustainable materials and energy efficiency in carpet production. Carpet flooring in the Middle East is deeply rooted in cultural traditions, with a strong demand for luxurious and intricately designed carpets. Africa's carpet flooring market is emerging, with growth driven by urbanization and an increase in middle-class consumers. India and China dominate the Asia Pacific carpet flooring market with their vast manufacturing base, characterized by high-volume production focusing on both domestic and export markets. India's carpet market has a rich heritage, with a significant portion still dominated by traditional handwoven carpets. However, there is a growing shift towards modern, machine-made carpets due to urbanization and the expansion of the middle-class population in the region.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Carpet Flooring Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Carpet Flooring Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Carpet Flooring Market, highlighting leading vendors and their innovative profiles. These include Aladdin Commercial Carpet, Anderson-Tuftex Stairs, Armstrong Flooring Inc., Axminster Carpets Ltd., Balta Industries NV, Beaulieu International Group, Bellbridge Carpets, Brintons Axminster Carpets, Brumark, CarpetOne Carpet, Catalina Carpet Mills Inc., CM Hospitality, Crossley Axminster, Dorsett Industries, EF Contract Broadloom, Engineered Floors Carpet Tile, Fabrica Carpet, Gulistan Carpets, Interface Inc., Mannington Mills Inc., Milliken & Company, Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett, and Victoria PLC.

Market Segmentation & Coverage

This research report categorizes the Carpet Flooring Market to forecast the revenues and analyze trends in each of the following sub-markets:

Material
- Acrylic
- Nylon
- Polyester
- Polypropylene
- Wool

Type
- Berber
- Cut pile
- Frieze
- Loop pile
- Patterned
- Saxony
- Shag
- Velvet

Installation Method
- Carpet tiles
- Loose lay carpet
- Stretch-in installation
- Wall-to-wall carpeting

Application
- Commercial
- Residential

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Carpet Flooring Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Carpet Flooring Market?

3. What are the technology trends and regulatory frameworks in the Carpet Flooring Market?

4. What is the market share of the leading vendors in the Carpet Flooring Market?

5. Which modes and strategic moves are suitable for entering the Carpet Flooring Market?

Product Code: MRR-351BAD503944

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing urbanization and a booming construction sector in emerging economies
  - 5.1.1.2. shift in consumer preferences towards more aesthetic and comfortable living spaces
- 5.1.2. Restraints
  - 5.1.2.1. High initial installation and maintenance costs of carpet flooring
- 5.1.3. Opportunities
  - 5.1.3.1. Expansion of the eco-friendly product range to meet growing environmental concerns
  - 5.1.3.2. Investment in research and development for the creation of innovative and recyclable materials
- 5.1.4. Challenges
  - 5.1.4.1. Rising popularity of alternative flooring options including hardwood and vinyl plank flooring
5.2. Market Segmentation Analysis
- 5.2.1. Material: Customer preference for wool carpets due to rich texture and aesthetic appeal
- 5.2.2. Installation Method: Increasing adoption of carpet tiles due to low maintenance requirements
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Carpet Flooring Market, by Material

6.1. Introduction
6.2. Acrylic
6.3. Nylon
6.4. Polyester
6.5. Polypropylene
6.6. Wool

7. Carpet Flooring Market, by Type

7.1. Introduction
7.2. Berber
7.3. Cut pile
7.4. Frieze
7.5. Loop pile
7.6. Patterned
7.7. Saxony
7.8. Shag
7.9. Velvet

8. Carpet Flooring Market, by Installation Method

8.1. Introduction
8.2. Carpet tiles
8.3. Loose lay carpet
8.4. Stretch-in installation
8.5. Wall-to-wall carpeting

9. Carpet Flooring Market, by Application

9.1. Introduction
9.2. Commercial
9.3. Residential

10. Americas Carpet Flooring Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Carpet Flooring Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Carpet Flooring Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Milliken Invests in Sustainable Carpet Maintenance Company
- 13.3.2. Interface (TILE) Launches a New Global Carpet Tile Collection
- 13.3.3. Freudenberg Launches Sustainable Carpet Backing Material
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio