Revenue growth for the Carpet Mills industry is expected to decline over the five years to 2016. Growth in domestic demand has remained slow over the past five years and declining corporate profit has added to the industry's woes. An anticipated decline in corporate profit for a second consecutive year and a large appreciation of the dollar is expected to drive the decline in revenue. Hard surface coverings have taken away market share from carpets. Greater durability and easier maintenance have increased consumer preference for hard surface covering as opposed to carpets; industry operators have tried to introduce new products over the past five years to counter this threat.
The Carpet Mills industry manufactures and finishes carpets and rugs for the domestic, commercial and industrial sectors. These products are generally woven or tufted and made from nylon or other synthetic materials. Although the purchaser uses most carpets and rugs, some of the industry’s products are used as intermediate inputs, such as in automobiles and boats.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.