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2019
Carpet Market

Carpet Market

by Material (Nylon, Olefin, Polyester, Others), by End User (Residential, Commercial), by Sales Channel (Hypermarket and Supermarket, Specialty Store, Online sales Channel), by Price Point (Economy, Luxury), and Region: Global Report opportunity Analysis and Industry Forecast, 2019-2026
Update Available On-Demand

Report Code: A05858
Pages: 235
Dec 2019 | 14827 Views
Author(s) : Himanshu Vig , Roshan Deshmukh
Tables: 135
Charts: 51
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Carpet Market Outlook - 2026

The carpet market size was valued at $51.9 billion in 2018, and is expected to reach $73.9 billion by 2026, registering a CAGR of 4.6% from 2019 to 2026. The residential end user segment led in terms of market share in 2018 and is expected to retain its dominance throughout the forecast period.

The carpet industry has witnessed a radical change in the last few years. Optimum pricing, timely delivery and high quality has driven the global market. Technology intervention backed by sustainability will be the primary factor for growth opportunities in the highly competitive carpet market. Engaged stakeholders in the industry are continuously making strides for production of economical, high-quality recyclable carpets. Furthermore, adoption of innovative technologies has resulted in better inventory management, real time monitoring, efficient manufacturing cycles, and supply chain optimization. Furthermore, introduction of antimicrobial, anti-allergenic technology, LED-embedded carpets have provided all new growth avenues for the stagnant market.

Carpet Market

Environmental sustainability, carbon emissions and climate change is now gaining much needed attention from the engaged stakeholders. As a result, leading players are now venturing into sustainable eco-friendly carpets to minimize hazardous impact on the environment. Carpets are now be positioned at the forefront of the environmentally responsible flooring movement. Furthermore, consumers especially millennial are now making ecological and sustainable choices in almost every sphere of lifestyle. Millennials now view products through a holistic lens and gives utmost importance to the ethos and value system of brands. As a result, “green carpet” product concept is expected to gain much wider traction in the upcoming years.

Carpet aids in keeping home warm and cozy. In addition carpeting of floor helps in absorbing noise, dust & dirt trapping, pet dander, moisture absorption among others. In addition, carpets provides breeding ground for pests associated with asthma, such as dust mites and cockroaches. Carpet tends to release contaminants in home environment while vacuum cleaning, which might result in allergy triggering of person suffering from asthma. Furthermore, adhesive glues and padding material releases potentially harmful chemicals which might further causes distress to the children and elderly people. Such contaminants in flooring would degrade indoor air quality and results in increasing health related diseases such as skin irritation, breathing related issues, fatigue to name few

Segment review

The global carpet market is segmented into material, end user, sales channel, price point and region. Based on material, the global market is studied across nylon, olefin, polyester and others. Depending on end user, the market is bifurcated residential and commercial. Based on sales channel, the global market is studied across hypermarket & supermarket, specialty store and online sales channel. Depending on price point the global market is classified into economy and luxury. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA 

Based on material, the global market is studied across nylon, olefin, polyester and others. Nylon is considered as the most preferred type of fiber used for manufacturing of carpets. Carpets made of nylon fiber possesses high durability as compared to its counterparts. Nylon material can withstand high wear and tear for a considerate amount of time.

Carpet Market
By Material

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Others segment would exhibit the highest CAGR of 7.1% during 2019-2026.

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Based on end user, the global size is segmented into, residential and commercial. Residential end user segment garners a major carpet market share, due to extensive usage of carpets among households. Several companies provide installation services, aftersales services, to attract users in the residential segment and to earn competitive advantage in the market. Rapid urbanization, innovative marketing strategies used by companies, and rise in expenditure on household product have fueled the demand in the residential segment.

Carpet Market
By End Use

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Commercial segment would exhibit the highest CAGR of 5.4% during 2019-2026.

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Based on sales channel, the global market is classified into hypermarket & supermarket, specialty store and online sales channel. Online channel will continue to grow with robust CAGR during the forecast period. Online distribution has emerged as a key sales channel for carpets, as leading players in the industry are expanding their presence on e-commerce. 

Carpet Market
By Sales Channel

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Online segment would exhibit the highest CAGR of 6.6% during 2019-2026.

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Based on price point the global market is bifurcated into economy and luxury. Economy price point segment leads in terms of market share and is expected to retain its dominance throughout the forecast period.

Carpet Market
By Price Point

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Luxury segment would exhibit the highest CAGR of 5.6% during 2019-2026.

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Based on region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. North America leads in terms of market share through out the analysis period. However LAMEA region in estimated to the spearhead the global carpet market growth during the forecast.

Carpet Market
By Region

2026
North America 
Europe
Asia-pacific
Lamea

LAMEA would exhibit the highest CAGR of 6.7% during 2019-2026.

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The report focuses on the growth prospects, restraints, and opportunities of the global carpet market. The study provides Porters five forces analysis to understand the impact of various factors such as bargaining power of suppliers, competitive intensity of competitors, threat of substitutes, threat of new entrants, and bargaining power of buyers of the carpet market.

Some of the key players operating in global market includes Armstrong Flooring, Inc., Balta Group, Beaulieu International Group N.V., Shaw Industries Group, Inc., Brumark, Dorsett industries, Mannington Mills, Inc., Mohawk Industries, Inc., Tarkett S.A., and The Dixie Group

Key Benefits for Carpet Market:

  • The carpet report provides an extensive analysis of the current and emerging carpet market trends.
  • The report provides detailed qualitative and quantitative analysis of the current trends and future estimations that help evaluate the prevailing carpet market opportunity.
  • Carpet market forecast is offered along with information related to key drivers, restraints, and opportunities.
  • The carpet market analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential and niche segments or regions exhibiting favorable growth.

Carpet Market Report Highlights

Aspects Details
BY MATERIAL
  • Nylon
  • Olefin
  • Polyester
  • Others
BY END USER
  • RESIDENTIAL
  • COMMERCIAL
BY SALES CHANNEL
  • Hypermarket and Supermarket
  • Specialty Stores
  • Online Sales Channel
BY PRICE POINT
  • ECONOMY
  • Luxury
BY REGION
  • NORTH AMERICA  (US, CANADA, MEXICO)
  • EUROPE  (UK, GERMANY, BENELUX, ITALY, SPAIN, REST OF EUROPE)
  • ASIA-PACIFIC  (CHINA, INDIA, JAPAN, SOUTH KOREA, REST OF ASIA-PACIFIC)
  • LAMEA  (LATIN AMERICA, MIDDLE EAST, AFRICA)
Key Market Players Armstrong Flooring, Inc, Beaulieu International Group N.V, Berkshire Hathaway, Inc. (Shaw Industries Group, Inc.), Brumark, Mannington Mills, Inc, Mohawk Industries, Inc, Tarkett S.A, Balta Group, The Dixie Group, Dorsett Industries
 

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A colossal opportunity lies in the recycling of used carpets. Recycling remains marginal in both developed and developing nations, with just 5% of the carpets were recycled in the US and even less in Europe and Asia Pacific. As a result, the carpet industry should now maneuver towards more environmental conscious decisions. The choice of materials used in carpets production is crucial to ensure its recyclability. As a result, companies such as Interface and Desso are at the forefront to make carpet a circular economy. Turning carpet industry as full circular economy will require substantial level of collaboration and agreement across myriad complex business and technology.

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