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Press Release

Dec, 01 2023

Growing Focus on Interior Design and Aesthetics in Commercial Spaces is Driving the Growth of North America Carpets and Rugs Market

The North America carpets and rugs market is experiencing a notable increase in demand, primarily due to the growing interest in interior design and aesthetics in commercial spaces. This surge in demand can be attributed to several factors that are expected to drive the market's growth in the coming years. Carpet and rugs are one of most preferred interior floor covering material in commercial spaces. Commercial spaces use carpet and rugs in interior floor covering as these are available in various creative designs and shades that helps to make interior more pleasant, conceiving, gorgeous, eye-catching, attractive and other various conscious and unconscious factors that provides a sense of well-being and comfort.

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Data Bridge Market Research analyses that the North America Carpets and Rugs Market is expected to grow at a CAGR of 5.6% in the forecast period of 2024 to 2031 and is expected to reach USD 24,946.55 million by 2031. The advancement of technology in the carpet and rug industry has led to innovative solutions such as smart carpets that can monitor foot traffic and enhance security, further piquing commercial interest.

Key Findings of the Study

North America Carpets and Rugs Market

Recyclability and Reusability of Carpet

Recyclability and reusability are expected to play a significant role in driving the North America carpets and rugs market. The carpet industry has traditionally been associated with environmental concerns due to the disposal of old carpets in landfills, which contribute to waste and pollution. However, with increasing awareness of sustainability and the circular economy, there is a growing emphasis on making carpets more eco-friendly and extending their lifecycle through recycling and reusability.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 – 2021)

Quantitative Units

Revenue in USD Million

Segments Covered

Type (Carpet and Rugs), Product (Tufted, Woven, Needle-Punched, Flat-Weave, Hooked, Knotted, Others), Raw Material (Synthetic Fiber and Natural Fiber), Application (Residential and Commercial), Distribution Channel (Offline and Online)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

MOHAWK INDUSTRIES, INC.(U.S.), Shaw Industries Group, Inc. (U.S.), Mannington Mills, Inc. (U.S.), Interface, Inc. (U.S.), The Dixie Group, Inc. (U.S.), Tarkett (France), ORIENTAL WEAVERS (Egypt), Milliken (U.S.), Belysse (France), Inter IKEA Systems B.V. (Netherlands), Floor Coverings International (U.S.), Victoria PLC (U.K.), Beaulieu International Group (Belgium), Tai Ping (Hong Kong), Brintons Carpets Limited.(U.K.), Amer Rugs (U.S.), Axminster Carpets Ltd.(U.K.), Stevens Omni (Canada), Haima group (China) and among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework

Segment Analysis

The North America carpets and rugs market is segmented into five notable segments which are based the type, product, raw material, application and distribution channel.

  • On the basis of type, the market is segmented into carpet and rugs

In 2024, the carpet segment is expected to dominate the North America carpets and rugs market

In 2024, the carpet segment is expected to dominate the market because it offers a versatile flooring solution that caters to various consumer preferences. Its warmth, comfort, and aesthetic appeal make it a popular choice for residential and commercial spaces growing with 75.47% market share

  • On the basis of product, the market is segmented into tufted, woven, needle-punched, flat-weave, hooked, knotted and others

In 2024, tufted segment is expected to dominate the North America carpets and rugs market

In 2024, the tufted segment is expected to dominate the market because of its popularity and affordability. Its versatile design options and cost-effective manufacturing make it a preferred choice for consumers. Additionally, tufted carpets and rugs cater to a wide range of applications, from residential to commercial spaces, contributing to their market dominance growing with 43.92% market share

  • On the basis of raw material, the market is segmented into synthetic fiber and natural fiber. In 2024, the synthetic fiber segment is expected to dominate the market with 82.63% market share
  • On the basis of application, the market is segmented into residential and commercial. In 2024, Residential segment is expected to dominate the market with 73.04% market share
  • On the basis of distribution channel, the market is segmented into offline and online. In 2024, the offline segment is expected to dominate the market with 68.10% market share

Major Players

Data Bridge Market Research analyzes MOHAWK INDUSTRIES, INC. (U.S.), Shaw Industries Group, Inc. (U.S.), Mannington Mills, Inc. (U.S.), Interface, Inc. (U.S.), The Dixie Group, Inc. (U.S.), as major market players in this market.

North America Carpets and Rugs Market

Market Development

  • In July 2023, Tarkett has launched a new commercial website, prioritizing design inspiration for various commercial interiors, enhancing customer experience based on feedback. The website streamlines finding tailored solutions for segments like education, healthcare, retail, senior living, and workplace, reflecting Tarkett's segment-first approach. Furthermore, the company's commitment to sustainability is evident through readily available technical and sustainability documents, providing transparency for customers.
  • In June 2023, Patcraft, MOHAWK INDUSTRIES, INC., and Shaw Contract were recognized with Best of NeoCon Awards in various flooring categories at NeoCon 2023, highlighting their innovative designs. Additionally, the Flote Lounge Collection by Hightower earned the prestigious Best of Competition honor, emphasizing the evolving needs of today's diverse workspaces. These awards signify the industry's commitment to creating a balanced and user-centric built environment.
  • In May 2023, MOHAWK INDUSTRIES, INC. has been recognized as one of America's Climate Leaders for significant carbon footprint reductions, distinguishing itself as the sole flooring manufacturer in this distinction. This underscores Mohawk's commitment to sustainability and environmental responsibility.
  • In October 2022, House of Tai Ping and André Fu has entered into collaboration. This innovative collaboration blends contemporary design with traditional craftsmanship, utilizing a variety of production techniques and materials to create a dynamic and refined carpet collection, showcasing the fusion of artistry and modernity.
  • In August 2021, Brintons Carpets Limited relocated its Kidderminster HQ to Wyre Forest House, citing the need to streamline operations and enhance staff well-being. This move signifies the company's commitment to modernizing its approach to business development and optimizing internal processes.

Regional Analysis

Geographically, the countries covered in the North America carpets and rugs market report is U.S., Canada, and Mexico.

As per Data Bridge Market Research analysis:

U.S. is expected to be dominate and fastest growing country in North America carpets and rugs market

U.S. is expected to dominate and fastest growing country because growing focus on interior design and aesthetics in commercial spaces.

For more detailed information about the surgical visualization products market report, click here – https://www.databridgemarketresearch.com/reports/north-america-carpets-and-rugs-market


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