Carpets and Rugs Market Size, Share, Top Impacting Factors, Technology, Substrates And Forecast 2029
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Global Carpets and Rugs Market size was valued at USD 35.90 Bn in 2022 and is expected to reach USD 49.52 Bn by 2029, at a CAGR of 4.7%.
Carpets and Rugs Market Overview:
For the global Carpets and Rugs market study, a research team conducted comprehensive primary and secondary research. Secondary research was employed to enhance existing data, segment the market, determine the overall market size, and project market size and growth rate.
Market revenue and identification of market leaders were accomplished through a combination of primary and secondary research. In-depth interviews were conducted with influential thought leaders and business executives, including CEOs and marketing executives, as a part of the primary research.
Furthermore, the secondary research involved an examination of the annual and financial reports of major manufacturers. Secondary sources were utilized to calculate global market percentage splits, market shares, growth rates, and breakdowns, which were subsequently validated against the primary data.
Carpets and Rugs Market Scope:
The report enhances understanding of the dynamic structure of the global Carpets and Rugs market by identifying and assessing market segments and providing estimates of market size. It includes a comprehensive comparison of pricing, financial standing, application growth objectives, and regional presence among key firms. Additionally, the report incorporates a PESTLE analysis to assist stakeholders in prioritizing their efforts and investments in the global Carpets and Rugs market. By investigating external and internal factors that are anticipated to impact businesses positively or negatively, decision-makers gain a clear perspective on the market's future. The study's analysis of market segmentation and projections of market size further contributes to comprehension of the dynamic nature of the global ## market. Moreover, the study serves as a valuable resource for investors, offering a thorough representation of competitive analysis among significant organizations in the Global Carpets and Rugs Market, considering factors such as price, financial position, growth strategies, and geographic presence.
Segmentation:
The market for carpets and rugs is divided into woven, tufted, knotted, needle-punched, flat-weave, hooked, and others. Due to its low cost and ease of maintenance, the tufted segment led the market with a share of more than 50% in 2022. Tufted Rugs are ideal for bringing a unique touch of luxury elegance to any interior design. These rugs are a long-lasting addition to any home's decor, providing years of comfort and beauty. The advantages include durability, affordability, and availability in a variety of sizes and forms, as well as colour and texture. Unlimited designs of tufted carpets and rugs to meet global market need. However, due to the increasing demand for knotted products, the knotted sector is predicted to increase at the fastest CAGR during the forecast period.
Regional Analysis:
The analysis of the Carpets and Rugs Market is conducted on a national level, specifically focusing on countries with the highest market shares and categories that demonstrate strong growth potential. The regional breakdowns in the Carpets and Rugs Market research encompass Europe (Germany, UK, France, Italy), North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), MEA and Other countries.
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Key Players: The key players are
1.Mohawk Industries, Inc.
2.Shaw Industries Group Inc.
3.Genie Carpet Manufacturers
4.Royalty Carpet Cleaning & Flooring
5. Inter IKEA Systems B.V.
6.Beaulieu International Group
7.Engineered Floors LLC
8.Milliken & Company
9. Lowe's
10. Taekett
11.Home Depot
12.Interface, Inc.
13. Dixie Group, Inc.
14.Orientals Weavers
15. Tai Ping
16. Victoria PLC
17.Saif Carpets Pvt. Ltd
18.Genie Carpet Manufactures
19. KarpetsbyRKS
20. Marwar Carpets International
Key Questions Answered in the Carpets and Rugs Market Report are:
In the Carpets and Rugs market, which market segment has become the market leader?
What will the CAGR of the Carpets and Rugs market be during the forecast period?
Which companies dominate the Carpets and Rugs market?
Which company held the largest proportion of the Carpets and Rugs market?
In 2029, how big will the Carpets and Rugs market be?
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