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2022
Tufted Carpet Market

Tufted Carpet Market by Material (Nylon, Polyester, Polypropylene, Cotton, Wool, Silk, Jute, and Others), End User (Residential and Commercial), Sales Channel (Specialty Stores, Supermarkets/Hypermarkets, Online, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A15018
Pages: NA
Feb 2022 | 43 Views
   
Author(s) : Roshan Deshmukh
Tables: NA
Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global tufted carpet market is showing exponential growth and is expected to grow significantly in the coming years. The carpet market is expanding with changing lifestyle. Tufted carpets are made with tufting process, an ancient technique of manufacturing carpets, in which raw material is interested with the help of a needleto make primary base for making carpet pile. There are different types of designs for making tufted carpet. The tufted market has thermal insulation and additional sound for better comfort on the back. It provides benefits such as home decor, reduces noise, safety, and improve air quality. It has an AB web, which ensures the carpet stability and shape for a long time. Carpet has high demand in the market and 95% of the carpet is tufted carpet. The tufted carpet market is segmented on the basis of material, enduser, sales channel, and region.

Market Scope and Structure Analysis

Report Metric

Details

  Market Size Available For Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

 2021–2030

  Forecast Units

  Value (USD)

  Segments Covered

  Material,End-users, Sales Channel, and Region

  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:

  • COVID-19 has severely affected the whole economy and business sector.
  • Due to COVID-19, retailers are facing problems with the supply of inventory and cannot meet the demand of the consumer.
  • North America is the largest producer of carpets and rugs. However, due to safety measure and government restriction, the exports are stopped and has caused excess inventory that can be a problem for the company.
  • The demand for carpets has decreased, which has impacted the manufacturer and employees of the companies.
  • The retail stores are closed due to less inventory and lockdown.
  • It has caused financial losses for the companies and distributors.

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

Change in lifestyle with rapid urbanization is the factor that majorly drive growth of the global tufted carpets market. Apart from that increase in disposable income, leaning toward interior decoration and rise in people liking toward luxuries thing can be the factors of growth of the global market. However, cost of raw material can be the factor that impacts growth of the tufted carpet market. Contrarily, investments in real estate sectors and renovating activities can be an opportunity for growth of the market. In addition, carpet provides health benefits that can increase the demand for the tufted carpets.

The Global Rugs and Carpets Market Trends

Market key players are launching their portfolio with new release on spring trends Books. Oriental Weavers, a carpet company of Egypt has launched its 2020 Spring Trend book featuring colors, design to watch, and emerging lifestyle decorating direction.

Carpet manufactures are focusing on producing eco-friendly products as people are getting health conscious and aware of environmental issues. So, companies are making eco-friendly products such as Shaw has launched Antoinette in their Inspired Spaces collection that are manufactured from Nylon 6, which can be recycled. Companies are manufacturing handmade tufted carpets that are expensive compare to machine-made carpets.

Key Benefits of the Report

  • This study presents the analytical depiction of the global tufted carpet industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global tufted carpet market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the global tufted carpet market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global tufted carpet market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Tufted carpet Market Research Report

  • Which are the leading players active in the tufted carpet market?
  • What would be the detailed impact of COVID-19 on the market?
  • What are the current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the tufted carpet market?
  • What are the projections for the future that would help in taking further strategic steps?

Key Market Segments

Segments Sub-segments
Material Type
  • Nylon
  • Polyester
  • Polypropylene
  • Cotton
  • Wool
  • Silk
  • Jute
  • Others
End-Users
  • Residential
  • Commercial
Sales Channel
  • Specialty Stores
  • Supermarkets/Hypermarkets
  • Online
  • Others
By Region
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa
 
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