Carpet Market is Estimated to Reach US$ 86.2 Billion by 2032, Growing at CAGR of 3.5% during 2024-2032
The global carpet market size reached US$ 62.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 86.2 Billion by 2032
BROOKLYN, NEW YORK, UNITED STATES, July 9, 2024 /EINPresswire.com/ -- IMARC Group has recently released a new research study titled โCarpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032โ, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global carpet market size reached US$ 62.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 86.2 Billion by 2032, exhibiting a growth rate (CAGR) of 3.5% during 2024-2032. Significant technological advancements, rising environmental concerns, burgeoning real estate and construction projects, and the surge of online retail are factors shaping the market's trajectory.
๐๐น๐ผ๐ฏ๐ฎ๐น ๐๐ฎ๐ฟ๐ฝ๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ง๐ฟ๐ฒ๐ป๐ฑ๐:
The global carpet market is driven by a diverse range of factors that collectively contribute to its growth and expansion, such as the increasing demand for residential and commercial construction projects significantly boosts the market, as carpets are widely used for flooring solutions due to their aesthetic appeal and comfort. Moreover, the rise in consumer spending on home decor and renovation projects further fuels the demand for carpets, reflecting a growing interest in enhancing living spaces. ย Additionally, technological advancements in carpet manufacturing, such as the development of eco-friendly and sustainable materials, cater to the rising consumer preference for environmentally friendly products, which is fueling the market growth. ย
๐ฅ๐ฒ๐พ๐๐ฒ๐๐ ๐๐ผ ๐๐ฒ๐ ๐๐ต๐ฒ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐: https://www.imarcgroup.com/carpet-market/requestsample
๐๐ฎ๐ฐ๐๐ผ๐ฟ๐ ๐๐ณ๐ณ๐ฒ๐ฐ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐๐ฟ๐ผ๐๐๐ต ๐ผ๐ณ ๐๐ต๐ฒ ๐๐ฎ๐ฟ๐ฝ๐ฒ๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐:
๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ณ๐ผ๐ฟ ๐ฅ๐ฒ๐๐ถ๐ฑ๐ฒ๐ป๐๐ถ๐ฎ๐น ๐ฎ๐ป๐ฑ ๐๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ถ๐ฎ๐น ๐๐ผ๐ป๐๐๐ฟ๐๐ฐ๐๐ถ๐ผ๐ป ๐ฃ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐๐: The surge in residential and commercial construction activities globally acts as a primary driver for the carpet market. As urbanization and economic growth spur the development of housing projects, office spaces, and commercial establishments, the demand for carpets escalates. Carpets play a crucial role in interior design, offering not just aesthetic appeal but also comfort and noise insulation. This rising construction activity directly correlates with an increased need for flooring solutions, where carpets are favored for their versatility, warmth, and ability to complement various architectural styles.
๐ฅ๐ถ๐๐ฒ ๐ถ๐ป ๐๐ผ๐ป๐๐๐บ๐ฒ๐ฟ ๐ฆ๐ฝ๐ฒ๐ป๐ฑ๐ถ๐ป๐ด ๐ผ๐ป ๐๐ผ๐บ๐ฒ ๐รฉ๐ฐ๐ผ๐ฟ: Consumer expenditure on home decor has seen a significant uptick, with carpets being a central element of interior decoration projects. This trend is driven by a growing desire among homeowners to create personalized and comfortable living spaces. Carpets, with their wide variety of designs, materials, and textures, offer an immediate transformation of spaces, adding color, warmth, and personality. The emphasis on creating a unique home environment that reflects individual taste and lifestyle preferences leads to higher demand for quality carpets, making consumer spending a vital driver for the carpet market.
๐ง๐ฒ๐ฐ๐ต๐ป๐ผ๐น๐ผ๐ด๐ถ๐ฐ๐ฎ๐น ๐๐ฑ๐๐ฎ๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐๐ ๐ถ๐ป ๐๐ฎ๐ฟ๐ฝ๐ฒ๐ ๐ ๐ฎ๐ป๐๐ณ๐ฎ๐ฐ๐๐๐ฟ๐ถ๐ป๐ด: The carpet industry has witnessed considerable technological advancements, making the production process more efficient and environmentally friendly. Innovations in manufacturing technology have led to the development of carpets that are durable, stain-resistant, and require less maintenance. Moreover, the push towards sustainability has resulted in the creation of carpets made from recycled and eco-friendly materials, appealing to environmentally conscious consumers. ย
๐๐๐ฎ ๐พ๐ค๐ข๐ฅ๐๐ฃ๐๐๐จ:
โข Armstrong Flooring Inc.
โข Balta Industries nv.
โข Beaulieu International Group
โข Brumark
โข Dorsett Industries
โข Interface Inc.
โข Mannington Mills Inc.
โข Milliken & Company
โข Mohawk Industries Inc.
โข Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
โข Tarkett
โข Victoria PLC.
๐๐๐ซ๐ฉ๐๐ญ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐๐ญ๐๐ซ๐ข๐๐ฅ:
โข Nylon
โข Olefin
โข Polyester
โข Others
Nylon represented the largest segment by material due to its durability, resilience, and ease of maintenance, making it highly desirable for both residential and commercial applications.
๐ฝ๐ฎ ๐๐ง๐๐๐ ๐๐ค๐๐ฃ๐ฉ:
โข Economy
โข Luxury
Economy represented the largest segment by price point as consumers often seek affordable flooring solutions that offer value for money, especially in cost-sensitive markets.
๐ฝ๐ฎ ๐๐๐ก๐๐จ ๐พ๐๐๐ฃ๐ฃ๐๐ก:
โข Supermarkets and Hypermarkets
โข Specialty Stores
โข Online Stores
Specialty stores represented the largest segment by sales channel because they offer personalized service, expert advice, and a wide range of products, appealing to customers looking for quality and customization in their carpet purchases.
๐ฝ๐ฎ ๐๐ฃ๐ ๐๐จ๐๐ง:
โข Residential
โข Commercial
Residential represented the largest segment by end user as carpets are extensively used in homes for their aesthetic appeal, comfort, and warmth, making them an integral part of home decor.
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐๐ป๐๐ถ๐ด๐ต๐๐:
โข North America
โข Asia-Pacific
โข Europe
โข Latin America
โข Middle East and Africa
North America was the largest market by region, driven by high consumer spending on home renovations and improvements, along with a robust construction sector fueling the demand for carpets.
๐ฆ๐ฝ๐ฒ๐ฎ๐ธ ๐๐ผ ๐๐ป ๐๐ป๐ฎ๐น๐๐๐: https://www.imarcgroup.com/request?type=report&id=4196&flag=C
๐๐ฒ๐ ๐๐ถ๐ด๐ต๐น๐ถ๐ด๐ต๐๐ ๐ผ๐ณ ๐๐ต๐ฒ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:
โข Market Performance (2018-2023)
โข Market Outlook (2024-2032)
โข Market Trends
โข Market Drivers and Success Factors
โข Impact of COVID-19
โข Value Chain Analysis
โข Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
๐๐ฏ๐ผ๐๐ ๐จ๐ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย ย
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