Increasing Demand for Interior in Commercial Space and Recyclability and Reusability of Carpet are Expected to Drive the Global Carpets and Rugs Market in the forecast period of 2019 - 2026

Global Carpets and Rugs Market is projected to register a substantial CAGR of 6.3%in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.

Global Carpets and Rugs Market

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Drivers: Global Carpets and Rugs Market​​​​​​​

  • Easy and speedy installation
  • Increasing preference over other flooring material in developing countries

Restraints:

  • Increasing raw material price
  • High maintenance cost

Opportunity:

  • Eco-friendly carpets & rugs

Challenge:

  • Highly susceptible to allergens

Market Trends:

Global carpets & rugs market is segmented into four notable segments which are on the basis of type, product, materials and application.

  • On the basis of type, the market is segmented into carpet and rugs. Carpet segment is dominating the market due to rising demand of carpets for residential as well as commercial purposes
  • On the basis of product, the market is segmented into woven, tufted, knotted, needle-punched, flat-weave, hooked and others. Tufted segment is dominating the market because it is less costly as compare to the other and are more stable and durable
  • On the basis of material, the market is segmented into synthetic fiber and natural fiber
  • On the basis of application, the market is segmented into residential, commercial, industrial and Institutional

Major Players: Global Carpets and Rugs Market​​​​​​​

Some of the major players operating in this market are MOHAWK INDUSTRIES, Tarkett, Inter IKEA Systems B.V., Beaulieu International Group, SCOTT GROUP STUDIO, Chemx, CORMAR CARPET COMPANY, HECKMONDWIKE FB, MILLIKEN & COMPANY, Saif Carpets, Balta Industries NV, Engineered Floors LLC, The Dixie Group, Inc, ORIENTAL WEAVERS CARPET COMPANY, Interface, Inc, Haima Group, Victoria PLC, House of Tai Ping, Brintons Carpets Limited, Axminster CARPETS and others.