Carpets & Rugs Market: Implications for Businesses and Investors 2023-2028 (2023)

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Apr 05, 2023 (The Expresswire) --Latest Research Report 2023-2028: “Carpets and Rugs Market” | Survey with 134 Pages Report

The Carpets and Rugs Market has experienced rapid growth in recent times, largely worked by the rising demand for products and services falling under categories like [Tufted , Woven ] and Applications [Residential , Commercial ]. This market report provides a comprehensive overview of the market's structure, revenue streams, and competitive landscape, offering valuable insights into future scenarios and emerging trends. By analyzing key players from a bottom-up perspective, the report offers current and accurate information on market size, shares, and industry segmentation details. The Carpets and Rugs Market is expected to sustain its growth trajectory, as current trends continue to drive innovation and expansion while opening up new opportunities for market players.

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The global Carpets and Rugs market was valued at USD 17770 million in 2019 and is expected to reach USD 19710 million by the end of 2026, growing at a CAGR of 1.5Percent during 2021-2026.
This report focuses on Carpets and Rugs volume and value at the global level, regional level and company level. From a global perspective, this report represents overall Carpets and Rugs market size by analysing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.

Some of the prominent players reviewed in the research report include:

The information for each competitor includes, Company Profile, Main Business Information, SWOT Analysis, Sales, Revenue, Price and Gross Margin, Market Share, etc.

● Mohawk Industries Inc.

● Shaw Industries Group, Inc.

● Tarkett S.A.

● Lowe’s Companies, Inc.

● Interface Inc.

● Dixie Group, Inc.

● Oriental Weavers Company for Carpet.

● Tai Ping Carpets International Limited

● Victoria PLC

● The Home Depot, Inc.

● Mannington Mills, Inc.

● Beaulieu International Group

● Ikea Group

● Engineered Floors LLC

● Royalty Carpet Mills, Inc.

● Stark Carpet Corp.

● Invista

● Milliken and Company

● Kraus Carpet Mills Ltd.

● Couristan, Inc.

● ABBey Carpet and Floor

● Axminster Carpets Ltd

● Floor Coverings International

● Avalanche Flooring, Inc.

● Foamex International Inc

Get Sample Copy of Carpets and Rugs Market Report

Scope of Carpets and Rugs Market:

● The report shares our perspectives for the impact of COVID-19 from the long and short term.

● The report provides the influence of the crisis on the industry chain, especially for marketing channels.

(Video) How can the government achieve the UK's smooth transition to electric vehicles?

● The report updates the timely industry economic revitalization plan of the country-wise government.

On the basis of product type, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

● Tufted

● Woven

● Needle-punched

● Knotted

● Others

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

● Residential

● Commercial

● Automotive

● Others

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COVID-19 and Russia-Ukraine War Influence Analysis:

The readers in the section will understand how the Carpets and Rugs market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Purchase this Report -

● Analysing the outlook of the market with the recent trends and SWOT analysis.

● Market dynamics scenario, along with growth opportunities of the market in the years to come.

● Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects.

● Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.

● Market value (USD Million) and volume (Units Million) data for each segment and sub-segment

● Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past years.

● Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.

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Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast of the following regions are covered:

● North America

● Europe

● Asia-Pacific

● Middle East and Africa

● South America

Core Chapters:

Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.

Chapter 2: Detailed analysis of Carpets and Rugs manufacturers competitive landscape, price, output and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 3: Production/output, value of Carpets and Rugs by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.

Chapter 4: Consumption of Carpets and Rugs in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 5: Provides the analysis of various market segments according to product type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

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Chapter 6: Provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, revenue, , price, gross margin, product introduction, recent development, etc.

Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 9: Analysis of sales channel, distributors and customers

Chapter 10: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 11: Production and supply forecast, global and regional

Chapter 12: Consumption and demand forecast, global and regional

Chapter 13: Forecast by type and by application. It provides a quantitative analysis of the market size and development potential of each market segment in the next six years.

Chapter 14: The main points and conclusions of the report.

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Main Points from Table of Contents:

1 Carpets and Rugs Market Overview

1.1 Product Overview and Scope of Carpets and Rugs

1.2 Carpets and Rugs Segment by Type

1.3 Carpets and Rugs Segment by Application

1.4 Global Market Growth Prospect

1.5 Global Market Size by Region

2 Market Competition by Manufacturers

2.1 Global Carpets and Rugs Production Market Share by Manufacturers

2.2 Global Carpets and Rugs Revenue Market Share by Manufacturers

2.3 Carpets and Rugs Market Share by Company Type (Tier 1, Tier 2 and Tier 3)

2.4 Global Carpets and Rugs Average Price by Manufacturers

2.5 Manufacturers Carpets and Rugs Production Sites, Area Served, Product Types

2.6 Carpets and Rugs Market Competitive Situation and Trends

3 Production by Region

3.1 Global Production of Carpets and Rugs Market Share by Region

3.4 North America Carpets and Rugs Production

3.5 Europe Carpets and Rugs Production

3.6 China Carpets and Rugs Production

3.7 Japan Carpets and Rugs Production

4 Global Carpets and Rugs Consumption by Region

4.1 Global Carpets and Rugs Consumption by Region

4.2 North America

4.3 Europe

4.4 Asia Pacific

4.5 Latin America

5 Segment by Type

5.1 Global Production Market Share by Type

5.2 Global Revenue Market Share by Type

5.3 Global Price by Type

6 Segment by Application

6.1 Global Production Market Share by Application

6.2 Global Revenue Market Share by Application

6.3 Global Price by Application

7 Key Companies Profiled

8 Carpets and Rugs Manufacturing Cost Analysis

8.1 Key Raw Materials Analysis

8.2 Proportion of Manufacturing Cost Structure

8.3 Manufacturing Process Analysis of Carpets and Rugs

8.4 Industrial Chain Analysis

9 Marketing Channel, Distributors and Customers

9.1 Marketing Channel

9.2 Distributors List

9.3 Customers

10 Market Dynamics

10.1 Carpets and Rugs Industry Trends

10.2 Carpets and Rugs Market Drivers

10.3 Carpets and Rugs Market Challenges

10.4 Carpets and Rugs Market Restraints

11 Production and Supply Forecast

11.1 Global Forecasted Production of Carpets and Rugs by Region

11.2 North America Production, Revenue Forecast

11.3 Europe Production, Revenue Forecast

11.4 China Production, Revenue Forecast

11.5 Japan Production, Revenue Forecast

12 Consumption and Demand Forecast

12.1 Global Forecasted Demand Analysis of Carpets and Rugs

12.2 North America Forecasted Consumption of by Country

12.3 Europe Market Forecasted Consumption of by Country

12.4 Asia Pacific Market Forecasted Consumption of by Region

12.5 Latin America Forecasted Consumption of by Country

13 Forecast by Type and by Application

13.1 Global Production, Revenue and Price Forecast by Type

13.2 Global Forecasted Consumption of Carpets and Rugs by Application

14 Research Finding and Conclusion

15 Methodology and Data Source

15.1 Methodology/Research Approach

15.1.1 Research Programs/Design

15.1.2 Market Size Estimation

15.1.3 Market Breakdown and Data Triangulation

15.2 Data Source

15.2.1 Secondary Sources

15.2.2 Primary Sources

15.3 Author List

15.4 Disclaimer

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Carpets & Rugs Market: Implications for Businesses and Investors 2023-2028 (1)

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FAQs

How is the carpet industry doing? ›

The carpet market size was valued at $51.9 billion in 2018, and is expected to reach $73.9 billion by 2026, registering a CAGR of 4.6% from 2019 to 2026. The residential end user segment led in terms of market share in 2018 and is expected to retain its dominance throughout the forecast period.

What is the growth rate of the carpet industry? ›

The residential end-user segment has a significant market share for carpets, due to the intensive use of these products by households.
...
REPORT METRICDETAILS
Market Size Available2022-2028
Base Year2022
Forecast Period2023-2028
CAGR4.6%
4 more rows

What is the market for carpet? ›

Revenue in the Carpets & Rugs segment amounts to US$48.92k in 2023. The market is expected to grow annually by 4.80% (CAGR 2023-2027). In relation to total population figures, per person revenues of US$6.37 are generated in 2023.

How big is the carpet and rugs market? ›

According to Custom Market Insights (CMI), The Global Carpets and Rugs Market was estimated to be worth USD 78.12 billion in 2021 and is expected to reach USD 82.12 billion in 2022 and is anticipated to reach USD 120 billion by 2030, with a CAGR of around 5.5% between 2022 and 2030.

Is carpet becoming popular again? ›

Wooden flooring isn't going away, but carpet is making a huge comeback. It seems that carpet trends 2022 will show us our creativity in bold, innovative and imaginative ways. Jodie Hatton, creative designer at Brintons says that carpet is a great way to bring color or pattern into your home.

What is the future of the carpet cleaning industry? ›

The carpet cleaning industry in the US is projected to grow by 2.9% in 2021. It shows that the industry is expected to expand in 2021, indicating that there is a strong demand for carpet cleaning services.

Who is the largest carpet manufacturer in the world? ›

With annual sales of more than $4 billion, Shaw Industries Group, Inc., is the largest carpet manufacturer in the world.

Is carpet business profitable? ›

The amount of money that you can make will depend on where you provide services, your experience, how many clients you have, the quality of your work, and your overheads or expenses. Generally speaking, most solo carpet cleaning businesses can earn between $75,000 and $100,000 per year.

Is selling carpet profitable? ›

How much profit can a carpet store make? A beginning carpet store can make about $55,000 in its first year. It will, however, need to consistently sell carpets to remain profitable. A highly successful carpet store which caters to large audiences can make hundreds of thousands—if not millions—of dollars per year.

Are rugs worth the investment? ›

Buying a rug in the hopes that it will appreciate in value is a risky move. High quality handmade rugs can easily cost thousands of dollars, and while they can typically maintain that value over time with proper care, turning a profit from that rug is never guaranteed.

Who are the investors in Rugs USA? ›

Rugs USA has 2 investors including Comvest Partners and Digital Fuel Capital .

What is the retail markup on rugs? ›

For comparison, the standard markup in the rug trade is 40 percent--the more expensive and valuable the rug, the lower the markup, according to Chicago-area retailers.

Why is carpet prices going up? ›

Carpet Prices Are Increasing Now! Primarily due to inflation and supply chain disruptions. These are Minimum Prices for new nylon carpet only. Add an additional 20% for nylon carpet ordered in 2022 due to our current economy, inflation and supply chain issues.

How big is the rug industry? ›

[193 Pages Report] The global carpets & rugs market was valued at USD 88.24 billion in 2016, and is projected to reach USD 112.69 billion by 2022, at a CAGR of 4.2%. The base year considered for the study is 2016, with the market size projected from 2017 to 2022.

Does anyone buy carpet anymore? ›

Though hardwood is incredibly popular, carpeting is making a comeback, in part due to the innovative new options on the market. Carpet is a great choice for bedrooms, dens, or basements where hardwood can feel too cold and sterile, or any room where there is a risk of water damage.

Is carpet coming back in 2023? ›

Yes, carpet trends are big for 2023 as cozy glamour is back in style. Here are the 19 best taking over from wall-to-wall.

What rug designs are popular in 2023? ›

Rug trends to watch out for in 2023

Jute, bamboo, sisal, and other natural fibers will take over interiors, thereby creating a calming, relaxed vibe. No matter their colors or patterns, the rugs will drive schemes to feel current and relaxed.

What color carpet is trending 2023? ›

Neutral Colors – Neutral colors, such as beige, gray, and taupe, are still a popular choice in 2023. These colors are versatile, timeless, and work well with any decor style. Neutral colored carpets also help to create a calm and peaceful atmosphere in your home.

Why did carpet become popular? ›

Carpet appeared in the early 19th century but really took off during the post-war, suburban building boom. Americans constructed bigger homes—hello McMansions—and filled them with carpet, which was affordable thanks to factory automation.

How did carpet become popular? ›

In 1947, the invention of synthetic fibers such as nylon revolutionized the carpet and flooring industry. These new materials provided a quicker way to manufacture carpeting than woven, woolen ones. By the early 1950s, carpeting became so affordable that it was the most popular flooring option for homeowners.

How often do most people replace carpet? ›

While carpet has changed over the years, today, its lifespan is usually anywhere from 5 to 15 years. The length of time that a specific carpet lasts depends on the type of carpet, carpet cushion, carpet fibers, and wear and tear the carpet is exposed to.

Where is most carpet made in the USA? ›

Today, 75% of the world's carpets and rugs are produced in Dalton, Georgia. Historians explain the humble origins of the tufted bedspread in 1893 and the rise of Bedspread Alley on Highway 41.

Who is the largest carpet company in the US? ›

Mohawk Industries Inc. is one of the world's largest manufacturers and suppliers of premium flooring solutions, carpets, ceramic tiles, and natural stones. It operates through three business segments, including Ceramic, Flooring North America, and Flooring Rest of World.

What are the top 3 carpets made of? ›

No surprise, then, that the majority (~97%) of carpets available are made from manmade or synthetic fibers such as nylon, polyester, Triexta, and polypropylene or olefin. Natural fibers make up the remainder, with wool in the top place because of its crush-resistance.

What is the best carpet for business? ›

Olefin/Polypropolene carpets are “solution dyed” so they have very good stain resistance. These carpets also work well in low traffic areas or an office or space that you aren't in for the long haul. Nylon, on the other hand, is the highest quality fiber carpet for a commercial installation.

How can I promote my carpet business? ›

Top marketing ideas for your carpet cleaning business
  1. Get your carpet cleaning business listed on review sites. ...
  2. Respond to reviews online. ...
  3. Update your business profile. ...
  4. Create direct mail marketing campaigns. ...
  5. Ask for referrals from satisfied customers. ...
  6. Start an email marketing campaign. ...
  7. Post on social media sites.
Oct 28, 2022

What are profit margins for carpet cleaning? ›

According to Value Investing, the average gross profit margin for a carpet cleaning business is 53% to 63%.

How is carpet usually sold? ›

Most retailers sell carpet by the square foot, but some sell it by the square yard. Carpet is often sold in pre-cut rolls of either 12, 13.5 or 15 feet width. However, buying a roll of carpet is likely to produce more waste than carpet tiles, which tend to be more precise.

What is the average profit margin for a flooring company? ›

Profit expectation: In an industry where we get excited over 23% to 25% gross margin on product, the flooring industry expectation is in the 38% to 45% range.

How do flooring companies make money? ›

Flooring companies make money by installing different flooring materials such as carpet, hardwood, and tile flooring. Even though some shops offer other flooring services like flooring repairs and refinishing, the best margins come from installation projects.

Why rugs are better than carpet? ›

Easy cleaning and maintenance – Rugs are easy to wash and dry. Thus, the maintenance cost of a Rug is much less than a Carpet.

Does carpet reduce resale value? ›

HomeAdvisor.com notes that new carpet in general tends not to affect resale value either way (compared to hardwood, for which 54% of buyers in one study were willing to pay $2,080 more). But stained or outdated carpeting doesn't do you any favors.

What is a reasonable amount to spend on a rug? ›

The price varies, as with most home decor pieces, depending on the quality, materials, and size. Quality rugs will, generally speaking, start at around $400 and can go all the way up to $10,000 and even far more for a very high end, luxury rug.

Who is the biggest importer of carpets? ›

In 2021, the countries that had a largest trade value in imports than in exports of Tufted Carpets were United Kingdom ($763M), United States ($688M), Canada ($415M), Germany ($306M), and Australia ($250M).

Who is the biggest rug exporter? ›

India exports silk, coir, jute, and handloom carpets and floor coverings. The country exports about 85-90% of the total carpets it produces and is the largest exporter in the world. India is responsible for around 40% of worldwide export of handmade carpets.

What is a rug seller called? ›

rug merchant Add to list Share. Definitions of rug merchant. a merchant who sells rugs. type of: merchandiser, merchant.

How much is 50% markup on selling price? ›

Rather, there is an average markup percentage–which is typically 50%. If Product A costs $10, the marked-up selling price would be $15 ( $10 x . 50 = $5 + $10 = $15 ).

How are rugs valued? ›

The true value of a rug is dependent on several factors such as; age, quality, origin, design, demand, the density of the weave and current market costs.

What is 30% markup on selling price? ›

When the cost is $5.00 you add 0.30 × $5.00 = $1.50 to obtain a selling price of $5.00 + $1.50 = $6.50. This is what I would call a markup of 30%.

Do people buy carpet anymore? ›

Though hardwood is incredibly popular, carpeting is making a comeback, in part due to the innovative new options on the market. Carpet is a great choice for bedrooms, dens, or basements where hardwood can feel too cold and sterile, or any room where there is a risk of water damage.

Is carpet building improvement? ›

It's well settled that replacing an entire carpet in a rental property is an improvement, not a repair. In contrast, mending a hole in a carpet is a currently deductible repair. Unless one of the exceptions described below applies, you'll have to depreciate the cost of the carpet over the property's useful life.

Is carpet getting more expensive? ›

Consequently, the average selling price (ASP) for carpet has risen 11.6% YTD compared to 2021 and was 10.9% higher in Q2.

Is carpet becoming less popular? ›

After dominating for decades, wall-to-wall carpet's share of the floor-covering market has plummeted since the millennium—from about 60% of sales to roughly one third, according to Catalina Research. Blame Americans' ardor for hardwood and tile—and the perception that carpet is so 1970s, '80s or '90s—pick your decade.

Will carpet make a comeback? ›

Some carpet trends are timelessly elegant – others require bravery, but all will endure to create that special, cozy and warming under-foot feeling on the floor in your home. Carpet is making a comeback in a big – and very stylish – way.

What are the best carpets for business? ›

Olefin/Polypropolene carpets are “solution dyed” so they have very good stain resistance. These carpets also work well in low traffic areas or an office or space that you aren't in for the long haul. Nylon, on the other hand, is the highest quality fiber carpet for a commercial installation.

What makes a carpet expensive? ›

The quality of the fibres and materials used is higher. They are and they will last longer and wear better. In comparison a budget carpet will look and feel lower quality, and it will wear and need replaced sooner. In conclusion, a more expensive carpet will look and feel higher quality.

How many years do you depreciate carpet? ›

CARPET​: Carpets are typically depreciated over 5 years. This applies, however, only to carpets that are tacked down. If the carpet is glued down (perhaps in a basement) then it becomes “attached” to the property and must be depreciated over 27.5 years.

What is the IRS useful life of carpet? ›

Thus, the IRS does not think that all residential rental carpets only lasts five years, but the IRS does think that most such carpets last between five and nine years based on a study of carpets by the IRS.

Is carpet a capital asset? ›

Better known as capital expenditures or improvements, these can include big-deal undertakings like carpet replacement, major lighting or landscape projects, pool deck refurbishment, security system upgrades or replacements, exterior painting, painting of garages, stairways or hallways, and many more.

What is the most expensive carpet material? ›

Wool. The most expensive carpet option, wool is a natural carpet fiber which is cherished for its softness and overall durability. It is naturally resistant, hides dirt, and comes in a multitude of colors and styles. Unfortunately, wool is prone to both staining and infestation.

What carpet will last the longest? ›

Nylon is the most durable and stain resistant carpet fiber available, when treated with stain protection. It is the fiber of choice for homes with pets and children and for those who entertain a lot. Because of it's durability, nylon carpet is perfect for heavy foot traffic areas like hallways and stairs.

What time of year is carpet the cheapest? ›

December through January

For that reason, carpet manufacturers and retailers often slash the prices on carpets and installation during this time, so you can save up to 25 percent on a new carpet if you're willing to deal with the inconvenient timing.

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