Carpet Market Report 2024 (Global Edition)

Global Carpet Market Report 2024 Market Size Split by Material (Nylon, Olefin, Polyester, Others), by End Use (Residential, Commercial), by Sales Channel (Hypermarket and Supermarket, Specialty Store,...

Carpet Market Report Description

We have various report editions of Carpet Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Competitive Landscape Of Carpet Market

Big businesses evolve with new methods to gain a competitive advantage and capture significant market share. The leading carpet industry participants stress extending their innovative products to satisfy a big consumer base and achieve a competitive advantage.

Carpet Market Industry News

July 2022, Obeetee Carpets, an India-based handwoven carpet company, has introduced a new line called the Ajmer collection. The new carpet line features designs and themes inspired by the architecture of Ajmer Fort.

Top Companies Market Share in Carpet Industry: (In no particular order of Rank)

• The Dixie Group
• Dorsett Industries
• Mannington Mills Inc
• Tarkett S A
• Brumark
• Armstrong Flooring Inc
• Beaulieu International Group N V
• Mohawk Industries Inc
• Balta Group
• Berkshire Hathaway Inc(Shaw Industries Group Inc)
• Confidential Data
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Carpet Market

Which Region Will Dominate the Market in 2023?

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue; rising construction activity, house renovations, and a greater emphasis on interior aesthetics all help to drive the region's carpet business forward. The market's evolution is consistent with consumer preferences, promoting growth and innovation in North America's carpet segment.

Which Region is Expanding at the Fastest CAGR?

Europe is the fastest-growing category, as the region's emphasis on interior design and home decor drives demand for a wide range of fashionable carpet solutions. Consumer preferences for comfort, aesthetic appeal, and economic stability help drive the carpet business in Europe.

The current report Scope analyzes Carpet Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Carpet Market

According to Cognitive Market Research, the global Carpet market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030. The North American carpet market is expanding rapidly, owing to a variety of causes. The overview shows a growing demand for floor coverings in both the residential and commercial sectors. With a growing emphasis on interior aesthetics and an increasing number of development and remodeling projects, the market is experiencing a steady rise. The residential category, in particular, stands out as a crucial driver, thanks to consumers' choices for comfortable and elegant flooring solutions. This tendency is consistent with the growing consumer mindset, emphasizing the importance of residential environments. Finally, North America's carpet business is booming, thanks to a dynamic interplay of consumer trends, construction activity, and the inherent link between flooring selections and regional lifestyle preferences.

• According to Cognitive Market Research, the US had a major share in the Carpet market with a market size of USD XX million in 2023 and is projected to grow at a CAGR of 4.0% during the forecast period. This is majorly due to the growing economic conditions.
• The Canada Carpet market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 5.0% during the forecast period. This is due to the growing technology advances in design and manufacture. 
• The Mexico Carpet market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2023.

Europe Carpet Market

According to Cognitive Market Research, with a market value of USD XX million in 2023 and projected to expand at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD XX million. The European carpet market is thriving, reflecting a combination of cultural preferences and economic factors. The review illustrates an increasing need for floor coverings in both the residential and commercial sectors. Europe's strong emphasis on interior design and home aesthetics drives market growth, as consumers seek more beautiful and comfortable flooring solutions. Within this landscape, the residential market emerges as a key driver, with discerning homeowners driving demand for a wide range of high-quality carpets. The complex designs and fine materials are consistent with the region's preference for elegance. Finally, Europe's carpet market is prospering, owing to a convergence of design-conscious customers, thriving construction projects, and the region's long-standing preference for opulent and visually beautiful living spaces. 

• According to Cognitive Market Research, the Germany Carpet market size was valued at USD XX million in 2023 and is projected to grow at a CAGR of 5.3%
• during the forecast period. This is majorly due to the growing income. 
• The United KingdomCarpet market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 3.7%
• during the forecast period. This is due to the increased demand for economic condition. 
• The FranceCarpet market is projected to witness growth at a CAGR of 4.7%
• during the forecast period with a market size of USD XX million in 2023.
• The ItalyCarpet market is projected to witness growth at a CAGR of 3.9%
• during the forecast period with a market size of USD XX million in 2023.
• The RussiaCarpet market is projected to witness growth at a CAGR of 3.5%
• during the forecast period with a market size of USD XX million in 2023.
• The SpainCarpet market is projected to witness growth at a CAGR of 3.6%
• during the forecast period with a market size of USD XX million in 2023.
• The PortugalCarpet market is projected to witness growth at a CAGR of 4.6%
• during the forecast period with a market size of USD XX million in 2023.
• The LuxembourgCarpet market is projected to witness growth at a CAGR of 4.3%
• during the forecast period with a market size of USD XX million in 2023.
• The GreeceCarpet market is projected to witness growth at a CAGR of 4.8%
• during the forecast period with a market size of USD XX million in 2023.
• The Rest of EuropeCarpet market is projected to witness growth at a CAGR of 3.2%  during the forecast period with a market size of USD XX million in 2023.

Asia Pacific Carpet Market

According to Cognitive Market Research, the global Carpet market size was estimated at USD XX Million out of which Asia Pacificheld the market of more than 23% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030. The Asia Pacific carpet market is rapidly expanding, driven by a dynamic interaction of cultural trends and economic advancements. The review highlights expanding demand for floor coverings, driven by increased urbanization, a growing middle class, and a growing emphasis on house interiors. The commercial category is also remarkable, with growing development projects and an increase in hospitality and office spaces contributing significantly to the market's growth. The region's diverse consumer preferences drive innovation in carpet design and materials. To summarize, the Asia Pacific carpet market is prospering, driven by a combination of economic success and changing lifestyle choices, establishing the area as a prominent player in the global carpet industry with a trajectory for continued expansion.

• According to Cognitive Market Research, the China Carpet market size was valued at USD XX million in 2023 and is projected to grow at a CAGR of 7.5% during the forecast period. This is majorly due to the growing income 
• The IndiaCarpet market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. This is due to the increased demand for aesthetic look. 
• The Japan Carpet market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD XX million in 2023.
• The South Korea Carpet market is projected to witness growth at a CAGR of 7.1% during the forecast period with a market size of USD XX million in 2023.
• The Australia Carpet market is projected to witness growth at a CAGR of 7.7% during the forecast period with a market size of USD XX million in 2023.
• The South East Asia Carpet market is projected to witness growth at a CAGR of 9.0% during the forecast period with a market size of USD XX million in 2023.
• The Rest of Asia Pacific Carpet market is projected to witness growth at a CAGR of 7.8% during the forecast period with a market size of USD XX million in 2023.

South America Carpet Market

According to Cognitive Market Research, the global Carpet market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.The overview demonstrates a growing demand for floor coverings, driven by urbanization and a growing emphasis on house aesthetics. Notably, the residential market emerges as a prominent driver, with homeowners preferring elegant and comfortable flooring options. Economic development and a growing middle class help to expand the regional carpet market. As customers prioritize home repair, Latin America's carpet business is experiencing a spike in demand for different and creative goods. To summarize, Latin America's carpet market is a dynamic terrain, with the residential sector playing an important role in driving the industry's growth and adapting to the changing wants of customers across the region.

• According to Cognitive Market Research, the Brazil Carpet market size was valued at USD XX million in 2023 and is projected to grow at a CAGR of 6.0% during the forecast period. This is majorly due to the growing demand for carpet. 
• The ArgentinaCarpet market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 6.3% during the forecast period. This is due to the increased urbanization. 
• The ColombiaCarpet market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD XX million in 2023.
• The PeruCarpet market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD XX million in 2023.
• The ChileCarpet market is projected to witness growth at a CAGR of 5.7% during the forecast period with a market size of USD XX million in 2023.
• The Rest of Latin AmericaCarpet market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2023.

Middle East and Africa Carpet Market

According to Cognitive Market Research, the global Carpet market size was estimated at USD XX Million out of which Middle East and Africaheld the major market of more than 2% of the global revenue with a market size of USD XX million in 2023 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2023 to 2030. The carpet market in the Middle East and Africa is expanding rapidly, owing to economic expansion and a growing interest in home decor. The review emphasizes the growing need for floor coverings, with a focus on aesthetic appeal and comfort. Within this sector, the commercial segment, driven by hotel and real estate initiatives, emerges as a significant contributor to the industry's growth. As the region's urbanization and disposable incomes expand, consumers are investing more in high-quality carpets for both residential and commercial spaces. To summarize, the carpet market in the Middle East and Africa demonstrates stability and expansion, with the commercial sector playing an important role in changing the industrial landscape and serving the different demands of regional customers.

• According to Cognitive Market Research, the GCC Countries Carpet market size was valued at USD XX million in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. This is majorly due to the growing construction industry. 
• The South AfricaCarpet market had a market share of USD XX million in 2023 and is projected to grow at a CAGR of 6.0% during the forecast period. This is due to the growing economy. 
• The Egypt Carpet market is projected to witness growth at a CAGR of 6.7% during the forecast period with a market size of USD XX million in 2023.
• The Turkey Carpet market is projected to witness growth at a CAGR of 5.2% during the forecast period with a market size of USD XX million in 2023.
• The Nigeria Carpet market is projected to witness growth at a CAGR of 4.8% during the forecast period with a market size of USD XX million in 2023.
• The Rest of MEA Carpet market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2023.

 

Carpet Market Analysis

Carpet Material Segment Analysis

According to Cognitive Market Research, Nylon held the major market share over the forecast period. As synthetic fibers, carpets are very stain-resistant and ideal for high-traffic areas. Consumers are increasingly drawn to its durability and performance, fueling its growing appeal in the carpet business as a preferred material for residential and commercial applications.

Olefin is the fastest-growing category over the forecast period. Olefin carpets, a synthetic fabric, are popular for indoor and outdoor use, especially in low-cost areas. Olefin's resilience to stains and fading and its low cost contribute to its growing popularity, making it a key player in the increasing carpet market.

• Nylon
• Olefin
• Polyester
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Carpet Industry. Request a Free Sample PDF!

Carpet End User Segment Analysis

According to Cognitive Market Research, residential areas hold a prominent market share. As homeowners prioritize comfort and aesthetics, there is a growing demand for carpets in living rooms. Diverse styles, designs, and materials cater to different tastes. Focusing on home repair and interior design, the residential segment contributes considerably to the growing carpet market, reflecting changing lifestyle preferences.

The Commercial is the fastest-growing category over the forecast period. Carpet installation is prioritized in offices, hotels, and retail spaces due to its visual appeal, durability, and sound insulation capabilities. The commercial market's emphasis on creating inviting and functional surroundings helps to drive the carpet industry's overall expansion and diversification.

• Residential
• Commercial

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Carpet Sales Channel Segment Analysis

According to Cognitive Market Research, Hypermarket and Supermarkethold have a prominent market share. These retail behemoths offer a diverse assortment of carpets, giving customers the convenience of one-stop shopping. The accessibility, diversity, and competitive pricing of these large-scale retail stores lead to increasing customer engagement, which drives the overall expansion of the carpet market through improved visibility and distribution channels.

Online is the fastest-growing category over the forecast period. E-commerce allows for easy browsing, comparing, and purchasing carpets from the comfort of one's home. The internet market's accessibility, various product offerings, and user-friendly experience contribute to a huge increase in carpet sales, propelling the industry forward.

• Hypermarket and Supermarket
• Specialty Store
• Online sales Channel

Carpet Price Point Segment Analysis

According to Cognitive Market Research, the Economy holds a prominent market share. During economic prosperity, individuals and businesses spend on interior improvements, increasing the demand for carpets. Rising disposable incomes and trust in economic stability enable customers to make home-related purchases, contributing to the carpet market's overall growth.

Luxury is the fastest-growing category over the forecast period. The emphasis on luxury drives development in the carpet business, as discerning customers demand sumptuous and sophisticated floor coverings. Luxury carpets feature high-end materials, sophisticated designs, and quality craftsmanship, appealing to those who value elegance and exclusivity in their living spaces. This tendency pushes the industry toward premium offerings, showing a growing demand for luxury and visually appealing floor decor.

• Economy 
• Luxury

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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