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Global Carpets & Rugs

Publisher Freedonia Group
Published Sep 20, 2023
Length 298 Pages
SKU # FG18189028

Description

Global Carpets & Rugs


Global demand for carpets and rugs is forecast to increase 2.3% per year to 5.4 billion square meters in 2027, valued at $63.7 billion. Market advances will be supported by:
  • increased construction of new residential and nonresidential buildings, particularly in the Asia/Pacific and Africa/Mideast regions
  • rising usage of carpet tile in nonresidential buildings due to their ease of installation and replacement
  • a global rebound in motor vehicle production
However, carpets continue to lose share to hard surface flooring, especially in countries where wall-to-wall carpeting has historically been popular, such as the US, Canada, and the UK. Despite this, rugs will continue to see opportunities in these markets as they can be used with hard surface flooring for decorative or utilitarian purposes.

Carpet Losing Share to Hard Surface Flooring, but Carpet Tile Offers Opportunities


Globally, carpets and rugs have lost market share to hard surface flooring over the past decade and will continue to do so through 2027. Products such as luxury vinyl tile have made massive market inroads in the large carpet markets of the US and Western Europe, particularly the residential side. Despite sluggish performance for wall-to-wall carpet in that market, carpet tiles continue to increasingly see use in the nonresidential market, where these products' durability and easier installation when compared to broadloom carpeting make them ideal for buildings that see high levels of foot traffic.

Popularity of Hard Surface Flooring & Cultural Preferences Bolster Rug Sales


As wall-to-wall carpeting continues to fall out of favor in the large US and European markets, the rising use of hard surface flooring is creating opportunities for area rugs and mats in building construction applications. In particular, woven rugs – which can impart a more luxurious atmosphere in corporate headquarters, hotels, and resorts – will benefit from strong growth in nonresidential building construction in the Asia/Pacific and Africa/Mideast regions. Additionally, above average population growth in areas of the latter region that have significant numbers of Muslims will support demand for prayer rugs, particularly in Saudi Arabia.

Rising Motor Vehicle Production Aids Demand for Carpets & Rugs


Although it is the smallest carpet and rug market, transportation will account for sizable share of absolute gains as motor vehicle production improves significantly following difficulty during the pandemic. After weathering a significant drop in production in 2020, a combination of supply chain issues – most notably a semiconductor shortage – and high interest rates in a number of countries restrained greater output growth. With most supply chain issues having either resolved themselves or eased significantly, production is poised to grow at a rate more in line with pre-pandemic periods. As such, demand for needlepunch carpeting, which accounts for the majority of transportation demand, will rebound at a healthy rate.

Study Description

This Freedonia industry study analyzes the $53 billion global carpets and rugs industry. It presents historical demand data (2012, 2017, and 2022) and forecasts (2027 and 2032) by product (carpet, rug) production process (tufted, woven, other carpets and rugs), market (residential, nonresidential, transportation), application (new, remodeling) and major global region and country. Annual historical data and forecasts are also provided from 2019 to 2026. The study also evaluates company market share and competitive analysis on industry competitors including Mohawk Industries, Shaw, and Engineered Floors.

Table of Contents

298 Pages
    • Figure 1-1. Global Carpets & Rugs Market Outlook
    • Report Details
    • Study Scope & Product Description
    • Short-Term Carpet & Rug Trends
    • Historical Market Trends
    • Demand by Region
    • Demand by Product
    • Demand by Production Process
    • Demand by Market
    • Production by Region
    • International Trade
    • Pricing Trends
    • Leading Country Markets
    • Fastest Growing Markets
    • Competitive Products
    • Materials Requirements
    • Market Share
    • Sustainability Initiatives
    • Indoor Air Quality
    • Carpet Tile
    • Scope & Product Description
    • Advantages & Disadvantages
    • Demand by Region
    • Demand by Product
    • Demand by Market
    • Key Suppliers
    • Scope & Product Description
    • Advantages & Disadvantages
    • Demand by Region
    • Demand by Product
    • Demand by Market
    • Key Suppliers
    • Scope & Product Description
    • Advantages & Disadvantages
    • Demand by Region
    • Demand by Product
    • Demand by Market
    • Key Suppliers
    • Market Scope
    • Demand by Region
    • Demand by Product & Production Process
    • Demand by Application (New vs. Remodeling)
    • Market Scope
    • Demand by Region
    • Demand by Product & Production Process
    • Demand by Application (New vs. Remodel)
    • Market Scope
    • Demand by Region
    • Demand by Product & Production Process
    • Demand by Application
    • North America: Carpet & Rug Market Size & Historical Trends
    • North America: Supply & Demand
    • North America: Demand by Country
    • North America: Demand by Product & Production Process
    • North America: Demand by Market
    • United States
    • Canada
    • Mexico
    • Central & South America: Carpet & Rug Market Size & Historical Trends
    • Central & South America: Supply & Demand
    • Central & South America: Demand by Country
    • Central & South America: Demand by Product & Production Process
    • Central & South America: Demand by Market & Application
    • Brazil
    • Other Central & South America
    • Western Europe: Carpet & Rug Market Size & Historical Trends
    • Western Europe: Supply & Demand
    • Western Europe: Demand by Country
    • Western Europe: Demand by Product & Production Process
    • Western Europe: Demand by Market
    • Germany
    • United Kingdom
    • Italy
    • France
    • Spain
    • Other Western Europe
    • Eastern Europe: Carpet & Rug Market Size & Historical Trends
    • Eastern Europe: Supply & Demand
    • Eastern Europe: Demand by Country
    • Eastern Europe: Demand by Product & Production Process
    • Eastern Europe: Demand by Market
    • Russia
    • Other Eastern Europe
    • Asia/Pacific: Carpet & Rug Market Size & Historical Trends
    • Asia/Pacific: Supply & Demand
    • Asia/Pacific: Demand by Country
    • Asia/Pacific: Demand by Product & Production Process
    • Asia/Pacific: Demand by Market
    • China
    • Japan
    • India
    • Australia
    • Indonesia
    • South Korea
    • Other Asia/Pacific
    • Africa/Mideast: Carpet & Rug Market Size & Historical Trends
    • Africa/Mideast: Supply & Demand
    • Africa/Mideast: Demand by Country
    • Africa/Mideast: Demand by Product & Production Process
    • Africa/Mideast: Demand by Market
    • Saudi Arabia
    • Turkey
    • Other Africa/Mideast
    • Scope
    • Definitions
    • Freedonia Methodology
    • Study-Specific Methodology
    • Data Changes from Previous Version
    • Sources
    • Associations & Agencies
    • Related Studies & Reports
    • Country Lists by Region
    • Macroeconomic Assumptions
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