Carpet Market Share, Size, Trends, Global Industry Overview, Latest Insights, Opportunity and Forecast 2023-2028

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The Carpet Market is expected to reach US$ 77.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.27% during 2023-2028.

IMARC Group, a leading market research company, has recently releases report titled  “Carpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global carpet market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the carpet market?

Report AttributesDetails
Market Size in 2022US$ 60.3 Billion
Market Forecast in 2028US$ 77.2 Billion
Growth rate (2023 to 2028)CAGR of 4.27%
Base Year of the Analysis2022
Forecast Period2023-2028

What is Carpet?

A carpet is a type of floor covering that is commonly used in both residential and commercial settings. It is typically made from various materials, such as wool, nylon, polyester, or polypropylene, and is available in a range of colors, patterns, and textures. Carpets can be installed wall-to-wall, covering an entire room, or can be made into custom-sized rugs. They are typically chosen for their comfort, insulation, and aesthetic appeal, as they can add warmth and texture to a space. Carpets also help to absorb noise and are easy to maintain with regular cleaning. They are a popular choice as a durable, long-lasting flooring solution that is both comfortable and attractive.

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What are the growth prospects and trends in the carpet industry?

The steadily expanding residential sector represents one of the key factors driving the market growth. In line with this, rising infrastructural developments and an increasing number of ongoing housing projects are contributing to the market growth. In addition to this, the rising shift in homedecor trends, such as a preference for cozy and comfortable interiors are facilitating the product sales as they are often chosen for their aesthetic appeal and ability to add warmth and texture to a space. This, in turn, is acting as another major growth-inducing factor. Other factors, such as increasing disposable income and significant advancements in the manufacturing technology, are creating a positive outlook for the market.

Who are the key players operating in the industry?

The report covers the major market players including:

  • Armstrong Flooring Inc.
  • Balta Industries nv.
  • Beaulieu International Group
  • Brumark
  • Dorsett Industries
  • Interface Inc.
  • Mannington Mills Inc.
  • Milliken Company
  • Mohawk Industries Inc.
  • Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
  • Tarkett
  • Victoria PLC

Key Market Segmentation:

The report has segmented the global carpet market on the basis of material, price point, sales channel, end-user and region.

Breakup by Material:

  • Nylon
  • Olefin
  • Polyester
  • Others

Breakup by Price Point:

  • Economy
  • Luxury

Breakup by Sales Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores

Breakup by End User:

  • Residential
  • Commercial

Breakup by Region:

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

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