Carper and Rugs Market: Increasing demand for various carpet and rug types to boost potential market

PRESS RELEASE
Published March 16, 2023

According to the report, the global Carper and Rugs Market is expected to grow from USD 82.14 Billion in 2022, which is expected to reach USD 124.21 Billion by 2033, growing at a CAGR of 5.50% from 2023 to 2033. Carpets and rugs are textile floor coverings made of natural or synthetic fibers that are designed to provide warmth, comfort, and aesthetic appeal to indoor spaces. Carpets typically cover the entire floor of a room, while rugs are smaller and may be used to accent specific areas, such as in front of a fireplace or under a dining table. Carpets and rugs are available in a wide range of materials, including wool, silk, cotton, synthetic fibers, and blends of these materials. They come in many styles, patterns, and colors, and can be woven, tufted, or knotted. Carpets and rugs are popular in homes, offices, and other indoor spaces because they provide insulation, soundproofing, and a comfortable walking surface. They also add visual interest and style to a room and can be used to create a cozy and inviting atmosphere.

 

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Key Highlights:

  • The global Carper and Rugs Market size was valued at USD 82.14 Billion in 2022 growing at a CAGR of 5.50% from 2023 to 2033.
  • Asia Pacific dominated the market in 2022
  • North America is expected to fastest-growing at the highest CAGR from 2023 to 2033

 

Evolve Business Intelligence has published a new market research report on the Global Carper and Rugs Market focusing on various aspects including market size and forecast, market dynamics, competitors’ market share analysis, market size in terms of value and volume, SWOT analysis, product benchmarking, key players recent developments, and opportunities, among others. The market has also been analyzed based on 4 indicators in the market dynamic chapter which include Drivers, Restraints, Key Trends, and Challenges. The overall sum of these sections will help to understand the best strategies to be adopted to prosper in this industry over the short and long terms. The quantitative analysis includes our authentic findings of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

 

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

 

In terms of COVID-19 impact, the Carper and Rugs Market report also includes the following data points:

  • COVID-19 Impact on Carper and Rugs Market size
  • End-User/Industry/Application Trend, and Preferences
  • Government Policies/Regulatory Framework
  • Key Players’ Strategy to Tackle Negative Impact/Post-COVID Strategies
  • Opportunity in the Carper and Rugs Market

 

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Key Players

Some of the major Carper and Rugs Market players holding high market shares include Mohawk Industries Inc, Shaw Industries Group Inc, Genie Carpet Manufacturers, Beaulieu International Group, and Lowe’s. These players use acquisition and new product development as key strategies to gain significant market share to compete with market leaders.

 

The key players profiled in the report are:

  • Mohawk Industries Inc
  • Shaw Industries Group Inc
  • Genie Carpet Manufacturers
  • Beaulieu International Group
  • Lowe’s
  • Taekett
  • Interface Inc
  • Dixie Group Inc
  • Orientals Weavers

 

Segmental Analysis

Market Segment By Product Type with a focus on market share, consumption trend, and growth rate of the Carper and Rugs Market:

  • Woven
  • Tufted
  • Knotted
  • Needle-Punched
  • Others

 

Market Segment By Material Type with a focus on market share, consumption trend, and growth rate of the Carper and Rugs Market:

  • Nylon
  • Polyester
  • Polypropylene
  • Cotton
  • Wool
  • Silk
  • Jute
  • Others

 

Market Segment By End User with a focus on market share, consumption trend, and growth rate of the Carper and Rugs Market:

  • Residential
  • Commercial

 

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Global Carper and Rugs Market Geographic Coverage:

  • North America
    • US
    • Canada
    • Mexico

 

  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Nordic Countries
    • Benelux
    • Rest of Europe

 

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Indonesia
    • Malaysia
    • Australia
    • Rest of Asia Pacific

 

  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Egypt
    • South Africa
    • Rest of MEA

 

  • Latin America
    • Mexico
    • Brazil
    • Argentina
    • Rest of Latin America

 

Reasons to Buy this Report:

  • Detail analysis of the impact of market drivers, restraints, and opportunities
  • Competitive Intelligence provides an understanding of the ecosystem
  • Details analysis of the Total Addressable Market (TAM) of your products
  • Investment Pockets and New Business Opportunities
  • Demand-supply gap analysis
  • Strategy Planning

About EvolveBI
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