USD 64.2 billion
Report ID:
SQMIG25S2047 |
Region:
Global |
Published Date: January, 2025
Pages:
223
|Tables:
97
|Figures:
76
Carpet Market size was valued at USD 64.2 billion in 2023 and is poised to grow from USD 67.6 billion in 2024 to USD 102.19 billion by 2032, growing at a CAGR of 5.3% during the forecast period (2025-2032).
The global carpet marketplace provides a dynamic landscape stimulated by means of various factors. Demand for carpets is pushed via the construction and actual estate sectors, both residential and commercial, as aesthetics and comfort play important roles in interior layout. Sustainable and eco-friendly materials are gaining prominence, reflecting a broader industry shift toward environmentally aware practices. Additionally, technological advancements in production techniques, inclusive of virtual printing, contribute to numerous design alternatives and customization. The Asia-Pacific region, witnessing strong urbanization and developing disposable income, emerges as a key marketplace contributor. However, financial fluctuations and the impact of the pandemic pose challenges, necessitating strategic edition in the international carpet marketplace.
Market snapshot - 2025-2032
Global Market Size
USD 64.2 billion
Largest Segment
Polyester
Fastest Growth
Nylon
Growth Rate
5.3% CAGR
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Global Carpet Market is segmented by Material, Price Point, Sales Channel, End User and region. Based on Material, the market is segmented into Nylon, Olefin, Polyester and Others. Based on Price Point, the market is segmented into Economy and Luxury. Based on Sales Channel, the market is segmented into Hypermarkets and Supermarkets, Specialty Stores and Online Sales Channels. Based on End User, the market is segmented into Residential and Commercial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Polyester is possibly to dominate the market. This is because polyester carpets provide a value-powerful and versatile alternative, combining sturdiness with stain resistance. The fabric's popularity in residential and business applications, along with improvements in manufacturing technologies, contributes to its dominance.
Nylon might be the quickest-growing fabric type. Nylon carpets are acknowledged for his or her power, resilience, and huge variety of packages. As technology complements the overall performance traits of nylon, it turns into increasingly preferred in high-traffic areas, using its boom.
Tufted carpets are possibly to dominate the market. This is due to the fact tufted carpets are broadly utilized in each residential and business packages, supplying a value-powerful and versatile flooring answer. Their popularity is attributed to ease of manufacturing, various design options, and aggressive pricing, making them a desired desire for a wide client base.
The quickest-developing product kind may be clever or linked carpets. With advancements in generation, the mixing of smart capabilities together with sensors, heating factors, or interactive abilities in carpets is gaining attention. These modern products cater to the call for for home automation and smart living, riding their capacity for fast boom in the market.
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Asia-Pacific is likely to dominate the carpet marketplace. This is attributed to fast urbanization, strong creation sports, and developing disposable incomes in international locations consisting of China and India. The call for for residential and commercial areas, coupled with a cultural affinity for carpets in certain areas, contributes to Asia-Pacific's dominance.
The Middle East and Africa will be the quickest-developing area. Increasing infrastructural development, especially within the Gulf countries, and a desire for high priced interiors make a contribution to the increase of the carpet market in this area. Additionally, tourism and hospitality sectors inside the Middle East regularly force demand for carpets, fostering marketplace growth.
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Increasing Expansion Of The Construction And Real Estate Sectors
High Environmental Impact Associated With Traditional Carpet Manufacturing Processes
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The competitive environment of the Carpet market is dynamic and s characterized by a diverse mix of established players and innovative entrants, contributing to a dynamic and evolving industry. The key players leverage their brand recognition, manufacturing capabilities, and distribution networks to maintain a competitive edge. The market also witnesses active participation from regional and niche players, fostering diversity in product offerings and catering to specific consumer segments.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Carpet market evaluation exhibits a dynamic marketplace with a number of standout traits and problems. The market is propelled by sturdy creation interest, each residential and industrial, emphasizing aesthetics and luxury. Sustainable materials and technological advancements, like digital printing, contribute to diverse design alternatives. Economic fluctuations and a shift towards opportunity flooring alternatives act as restraints.
Tufted carpets dominate because of versatility, even as the Asia-Pacific location leads, driven through fast urbanization. Key traits encompass a developing call for for green alternatives, technological integration in clever carpets, and the popularity of modular and customizable solutions, reflecting the enterprise's dedication to sustainability and innovation.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 64.2 billion |
Market size value in 2032 | USD 102.19 billion |
Growth Rate | 5.3% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Carpet Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Carpet Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Carpet Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Carpet Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Carpet Market size was valued at USD 60.82 Billion in 2023 and is poised to grow from USD 66.92 Billion in 2024 to USD 143.78 Billion by 2032, growing at a CAGR of 10.03% during the forecast period (2025-2032).
The competitive environment of the Carpet market is dynamic and s characterized by a diverse mix of established players and innovative entrants, contributing to a dynamic and evolving industry. The key players leverage their brand recognition, manufacturing capabilities, and distribution networks to maintain a competitive edge. The market also witnesses active participation from regional and niche players, fostering diversity in product offerings and catering to specific consumer segments. 'Mohawk Industries (US)', 'Shaw Industries Group, Inc. (US)', 'Beaulieu International Group (Belgium)', 'Oriental Weavers Group (Egypt)', 'Tarkett (France)', 'LGD (LG Hausys) (South Korea)', 'Dixie Group (US)', 'Engineered Floors, LLC (US)', 'Interface, Inc. (US)', 'Milliken & Company (US)', 'Victoria (India)', 'Oriental Weavers Carpets (India)', 'Jaipur Rugs (India)', 'Balta Group (Turkey)', 'Tai Ping Carpets (China)', 'Shandong Luyuan Carpet Co., Ltd. (China)', 'Jiangsu Haixiang Group Co., Ltd. (China)', 'Vorwerk & Co. KG (Germany)', 'Akro Carpets (United Arab Emirates)', 'Flooring Group Holdings Plc (UK)'
The enlargement of the construction and real estate sectors, each in residential and commercial spaces, serves as a number one driving force. The aesthetic appeal and luxury presented through carpets lead them to a sought-after floors answer in interior design. Additionally, a top notch trend driving the marketplace is the growing demand for sustainable and green substances, reflecting a broader enterprise shift in the direction of environmentally aware practices.
Rising Preference For Sustainable And Eco-Friendly Materials: The increasing choice for sustainable and eco-friendly substances in carpet production, reflecting a developing attention of environmental worries among purchasers. Technological improvements keep to play a pivotal function, with improvements along with virtual printing allowing a various range of layout alternatives and customization. Smart carpets, incorporating era like sensors or interactive elements, are gaining traction, aligning with the broader fashion of integrating era into normal products.
Asia-Pacific is likely to dominate the carpet marketplace. This is attributed to fast urbanization, strong creation sports, and developing disposable incomes in international locations consisting of China and India. The call for for residential and commercial areas, coupled with a cultural affinity for carpets in certain areas, contributes to Asia-Pacific's dominance.
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