Asia-Pacific Carpets and Rugs Market, By Type (Carpet, Rugs), Product (Woven, Tufted, Knotted, Needle-Punched, Flat-Weave, Hooked, Others), Material (Synthetic Fiber, Natural Fiber), Application (Residential, Commercial, Industrial, Institutional), Distribution Channel (Supermarket/Hypermarkets, Specialty Stores, Online, Others), Country (Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028.
The carpets and rugs market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the carpets and rugs market to reach at an estimated value of USD 53378.2 million by 2028 and grow at a CAGR of 5.80% for the forecast period of 2021-2028.
Carpets and rugs are used for their artistic and functional properties. It is an addition to covering floors that enhances the overall appeal of home or office decoration. The rugs and carpets provide a protective layer to floors. In regions having cold climate, rugs and carpets are boon for people and keep the floor from not getting too cold. The demand for carpets and rugs is higher in developed economies. The major application of the carpets and rugs is in residential, commercial and industries.
Surge in the number of remodelling and renovation activities and rising urbanization and globalization are the major drivers that will influence the growth of carpets and rugs market. Furthermore, rising consumer interest in interior decoration, expansion of transportation and construction industry, rising demand for environment friendly carpets and increase in the adoption of carpet tiles will accelerate the carpets and rugs market growth rate. However, high cost associated with raw materials will hamper the growth of the carpets and rugs market.
Also, growing number of construction activities in developing countries and increasing importance of organised retailing will provide beneficial opportunities for the carpets and rugs market growth. Disposal of waste will challenge the carpets and rugs market growth rate.
This carpets and rugs market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on carpets and rugs market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Carpets and Rugs Market Scope and Market Size
The carpets and rugs market is segmented on the basis of type, product, material, application and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of type, the carpets and rugs market is segmented into carpet and rugs.
- On the basis of product, the carpets and rugs market is segmented into woven, tufted, knotted, needle-punched, flat-weave, hooked and others.
- On the basis of material, the carpets and rugs market is segmented into synthetic fiber and natural fiber.
- On the basis of application, the carpets and rugs market is segmented into residential, commercial, industrial and institutional.
- On the basis of distribution channel, the carpets and rugs market is segmented into supermarket/hypermarkets, specialty stores, online and others.
Asia-Pacific Carpets and Rugs Market Country Level Analysis
The carpets and rugs market is analysed and market size, volume information is provided by country, type, product, material, application and distribution channel as referenced above.
The countries covered in the carpets and rugs market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
The country section of the carpets and rugs market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Carpets and Rugs Market Share Analysis
The carpets and rugs market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to carpets and rugs market.
The major players covered in the carpets and rugs market report are MOHAWK INDUSTRIES, INC., Chemsport Technologies Pvt. Ltd., Tarkett, Inter IKEA Systems B.V., Beaulieu International Group, SCOTT GROUP STUDIO, Cormar Carpet Company, Milliken & Company., Heckmondwike FB, Saif Carpets, Balta Industries nv., Engineered Floors, LLC, The Dixie Group, Inc., ORIENTAL WEAVERS, Axminster Carpets, Interface, Inc, Haima group, Victoria PLC, House of Tai Ping, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.