PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1833317
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1833317
Carpet Market Introduction and Overview
According to SPER market research, 'Global Carpet Market Size- By Material, By Application, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Carpet Market is predicted to reach 28.38 billion by 2034 with a CAGR of 4.35%.
The carpet market encompasses the industry engaged in the production, distribution, and sale of carpets, rugs, and other flooring solutions. This market includes various kinds of carpets such as tufted, woven, needle-felt, and knotted carpets, along with carpet tiles and area rugs. Carpets find applications in both residential and commercial environments, with demand influenced by aspects such as aesthetics, comfort, insulation, acoustics, and safety.
Restraints: The rapid changes in the prices of raw materials, particularly crude oil, which is the primary constituent for creating nylon and polyester staple fiber, have been observed. Fluctuations in crude oil prices raise the costs of nylon and other fibers, consequently elevating the prices of raw materials essential for manufacturing carpets and rugs. This scenario is hindering the growth of the market.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Material, By Application, By Distribution Channel
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Mohawk Industries, Inc, Shaw Industries Group, Inc, Tarkett S.A, Milliken & Company, The Dixie Group Inc, Interface Inc, Oriental Weavers Carpet Co, Tai Ping Carpets International Limited, Victoria Plc, Lowe's Companies Inc.
Global Carpet Market Segmentation:
By Material: Based on the Material, Global Carpet Market is segmented as; Nylon, Polyester, Polypropylene, Others.
By Application: Based on the Application, Global Carpet is segmented as; Residential, Commercial.
By Distribution Channel: Based on the Distribution Channel, Global Carpet is segmented as; Hypermarket/Supermarket, Specialty Stores, Online, Others.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.