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A05858 | Pages: 250 | Charts: 65 | Tables: 159 |
The global carpet market size was valued at $63.4 billion in 2023, and is projected to reach $110.2 Billion by 2033, growing at a CAGR of 5.7% from 2024 to 2033.
Market Introduction and Definition
A carpet is a textile floor covering composed of a top layer of pile linked to a backing. The pile is often constructed of wool or synthetic fibers including polypropylene, nylon, or polyester, that provide softness, durability, and a wide range of colors and patterns.
The growing need for environmentally friendly and sustainable products is driving producers to create carpets that utilize recycled resources and natural fibers for manufacturing. Additionally, technological developments are making carpets increasingly stain-resistant and durable, which makes them more desirable to families with children and pets. Furthermore, the growing popularity of home renovation and improvement initiatives, fueled by increased disposable money and the impact of interior design developments on social media, is driving up carpet sales.
Key Takeaways
The carpet market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Million) for the projected period 2024-2033.
More than 1, 500 product literatures, industry releases, annual reports, and other such documents of major carpet industry participants along with authentic industry journals, trade associations' releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions and analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Market Segments
Key Market Players