Carpet Mills in the US
The Carpet Mills industry is expected to grow slightly over the five years to 2019, driven by rising demand from the industry's two key markets, residential and commercial customers. Within the residential market, gains in the number of housing starts and per capita disposable income levels have stimulated spending on home furnishing products, such as carpets and rugs. Similarly, growth in nonresidential construction activity and rising corporate profit has driven businesses' demand for carpets as a means of furnishing offices and other company-owned facilities. However, an appreciating dollar has intensified the penetration of competitively priced carpet imports into the domestic market, while reducing the attractiveness of industry exports abroad. Over the five years to 2024, industry revenue growth is expected to accelerate. The industry's domestic residential and commercial market segments are both anticipated to expand, driven by expected growth in both residential and nonresidential construction activity, along with rising per capita disposable income and corporate profit levels.
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 majority of consumers use most carpets and rugs as final goods, some of the industry’s consumers use industry products as intermediate inputs in the production of a variety of goods, such as 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.
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