Rugs & Carpets market Type (Woven, Tufted, Knotted, Needle-punched, Others) Material Type (Nylon, Polyester, Polypropylene, Cotton, Wool, Silk, Jute, Others) Application (Residential, Commercial ) : Global Opportunity Analysis and Industry Forecast, 2020-2027
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A06545
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Jun 2020 |
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COVID-19
Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Rugs & Carpets Market
Request Now !Carpets and rugs have a broader scope in the global market as these are used is in every household and hotel. These are used for decorating a room, insulating a person's feet from cold, and reducing sound from walking. Rugs are smaller in size than carpets. They can be of different colors by using different dyed fibers, and can be of different patterns, and motifs to decorate the surface. Carpets and rugs are for industrial, residential, and commercial establishments such as hotels, or in private homes.
Market scope and structure analysis:
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Report Metric |
Details |
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Market size available for years |
2020–2027 |
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Base year considered |
2019 |
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Forecast period |
2021–2027 |
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Forecast units |
Value ($US) |
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Segments covered |
Product Type, Application, Material Type, and Region |
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Regions covered |
North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA) |
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Companies covered |
Mohawk Industries Inc., Shaw Industries Group Inc., Tarkett S.A, Dixie Group Inc., Genie Carpet Manufacturers, Victoria PLC., Ikea Group, Beaulieu International Group, Tai Ping Carpets International Limited, Oriental Weavers Carpets Co. |
COVID-19 Scenario Analysis:
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COVID-19 has severely affected the whole economy and business sector.
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Due to COVID-19, retailers are facing problems with the supply of inventory and cannot meet the consumer demand.
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North America is the largest producer of carpets and rugs but due to safety measure and government restriction, the exports are stopped and has caused excess inventory that can be a problem for the company.
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The COVID-19 has caused a reduction in the demand for a product that has impacted the manufacturer and employees of the companies.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Changes in lifestyle with rapid urbanization is the factor that majorly drives the growth of the global carpets and rugs market. Apart from that increase in disposable income, leaning toward interior decoration, and rise in the people liking toward luxuries boost the growth of the global market. However, the cost of the raw material impacts the growth of carpets and rugs market. Contrarily, the investment in real estate sectors and renovating activities can be an opportunity for the growth of the market.
The global rugs and carpets market trends are as follows:
The market key players are launching their portfolio with the new release on spring trends books. Oriental Weavers, a carpet company of Egypt has launched its 2020 spring trend book featuring the colors, design to watch, and emerging lifestyle decorating direction.
The book identifies the five key interior design trends as interpreted by the Oriental Weavers design team—Imperfect Organic, Artisanal hand, In touch, Culture Collaboration, and Modern History. Each trend is defined with the photography and area rugs from the company’s collection, as well as material used and designer insights. Carpet manufactures are focusing on producing eco-friendly products owing to increase in awareness regarding environment protection.
Key Segments Covered:
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Segments |
Sub-segments |
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Type |
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Material Type |
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Key Benefits of the Report:
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This study presents the analytical depiction of the global rugs and carpets industry along with the current trends and future estimations to determine the imminent investment pockets.
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The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global rugs and carpets market share.
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The current market is quantitatively analyzed from 2020 to 2027 to highlight the global rugs and carpets market growth scenario.
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Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
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The report provides a detailed global rugs and carpets market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Rugs and Carpets Market Research Report:
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What are the leading market players active in the rugs and carpets market?
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What the current trends will influence the market in the next few years?
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What are the driving factors, restraints, and opportunities in the market?
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What future projections would help in taking further strategic steps?
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