Lucintel Forecasts The Global Carpet And Rug Market To Reach $66 Billion By 2030

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According to the recent study the carpet and rug market is projected to reach an estimated $66 billion by 2030 at a CAGR of 4% from 2023 to 2030. Growth in this market is primarily driven by the growth in construction and transportation industry and an increase in renovation activities. Consumers are moving towards bold attractive colors and non-geometrical designer patterns of carpet and rugs which also help to drive the demand in the market.
A more than 150–page report is developed to understand trends, opportunities and forecast in carpet and rug market by product (woven, tufted, knotted, and others), end use (residential, non-residential [healthcare, education, hospitality, retail, office, and others], and transportation), material (nylon, polyester, polypropylene, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that tufted is anticipated to be the largest product segment in the global carpet and rug market over the forecast period, due to its low price with a variety of designs
Within the global carpet and rug market, residential, non- residential, ...
... and transportation are the major end use segments. The residential end use segment is expected to remain the largest and fastest growing market by value. Growth in demand for carpets and rugs is largely dependent on housing renovation and new residential construction, which are the major factors that would spur growth for this segment over the forecast period.
Download sample by clicking on carpet and rug market
North America will remain the largest region during the forecast period, due to continuous growth in residential and commercial building construction activities. Asia Pacific is expected to witness the fastest growth over the forecast period due to development of infrastructure facilities and a surge in the real estate industry.
Mohawk Industries, Inc., Shaw Industries, Interface, Oriental Weavers Group, and Tarkett are the major supplier in the carpet and rug market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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