Carpet Mills in the US - Industry Market Research Report
Description
Carpet Mills in the US - Industry Market Research Report
Carpet Mills in the US
Revenue for carpet millers will decline through the end of 2023, partially due to the COVID-19 pandemic creating unfavorable economic conditions. Within the residential market, gains in the number of housing starts and per capita disposable income stimulated spending on home furnishings, such as carpets and rugs. Still, declines in nonresidential construction activity contracted commercial demand for carpets to furnish offices and other company-owned facilities, particularly amid the pandemic. Also, there has been continued pressure from competitively priced imports into the domestic market, ultimately hampering industry performance. Intense import competition, coupled with unfavorable economic conditions due to the pandemic has caused an unstable environment for carpet millers. Carpet mill revenue has declined at a CAGR of 2.7% over the past five years and is expected to total $9.7 billion in 2023, when revenue will fall by an estimated 1.7%.
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.
Carpet Mills in the US
Revenue for carpet millers will decline through the end of 2023, partially due to the COVID-19 pandemic creating unfavorable economic conditions. Within the residential market, gains in the number of housing starts and per capita disposable income stimulated spending on home furnishings, such as carpets and rugs. Still, declines in nonresidential construction activity contracted commercial demand for carpets to furnish offices and other company-owned facilities, particularly amid the pandemic. Also, there has been continued pressure from competitively priced imports into the domestic market, ultimately hampering industry performance. Intense import competition, coupled with unfavorable economic conditions due to the pandemic has caused an unstable environment for carpet millers. Carpet mill revenue has declined at a CAGR of 2.7% over the past five years and is expected to total $9.7 billion in 2023, when revenue will fall by an estimated 1.7%.
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.
Table of Contents
47 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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