Carpets & Rugs

Carpets & Rugs

US demand for carpets and rugs is forecast to reach 14.6 billion square feet in 2019 on annual growth of 4.5 percent. Advances will be supported by increases in building construction spending, especially in the improvement and repair segment. Home and business owners looking to change the interior appearance of a structure at a modest cost can do so by replacing older or worn carpet with new products.

Tufted Carpets Will Remain Leading Product Type
Carpet and Rug products covered by the study include:
Tufted (broadloom, carpet tiles, scatter rugs, bath mats, vehicular, and artificial grass)
Woven (Axminster, Wilton, and velvet)
Needlepunched and All Other Products

Tufted carpets and rugs accounted for over 80 percent of total carpet and rug demand in 2014 and will continue to do so through 2019. Broadloom carpeting will remain the leading tufted carpet product type due to its favorable appearance. However, carpet tiles will experience double-digit annual growth through 2019. Commercial customers will increasingly select carpet tiles because they are easy to install and remove in case of stains or damage.

Residential Replacement and Remodeling Activities Spur Demand
Markets (New and Replacement and Remodeling) analyzed in this study include:
Residential (single-family, multifamily, and manufactured housing)
Nonresidential (office & commercial, institutional, industrial, and transportation & other)
Transportation Equipment (motor vehicles, aircraft, & other craft)

The residential market accounts for the largest share of carpet and rug demand. Home builders and homeowners opt for carpets and rugs because of their moderate cost and favorable aesthetics. Many homeowners -- looking to modernize or refurnish -- their properties choose to do by replacing older carpets and installing new ones. Additionally, many homeowners add rugs to rooms with hard surface flooring to create visual contrasts.

Shaw Industries, Mohawk Industries Serve as Market Leaders
Leading suppliers of carpets and rugs to the US include Dixie Group, Engineered Floors, Interface, Maples, Mohawk, Oriental Weavers, Royalty Carpet Mills, Shaw, and Tarkett.

Scope of the Report
This report covers the scope, size, and growth of the US carpets and rugs market including key trends in product usage and regional market analysis. Historical data are provided for 2004, 2009, and 2014 with forecasts for 2019 and 2024 with year by year historical market volatility also addressed. Data is provided in value and area terms. Demand for the raw materials used in the production of carpets and rugs is also discussed. The study also includes an analysis of the industry key players and their market shares.