Market Overview/Outlook (2022 to 2032)



The global market for Carpets and Rugs is expected to grow between 2023 and 2032 due to the housing and construction industry growth, comfort and insulation, innovations in materials and technology, and e-commerce and online sales.



The Global Carpet and Rugs Market was valued at USD 81.79 Billion in 2022 and is projected to reach USD 151.20 Billion by 2032, registering a CAGR of 6.58 % for the forecast period 2023-2032.



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Global Carpet and Rugs Market Drivers



Comfort and Insulation: Carpets and rugs give people a pleasant feeling when they walk or stand on them because they are soft and comfortable underfoot. Because of their added layer of comfort, carpets, and rugs are a preferred option for rooms like living rooms and bedrooms where people spend a lot of time. Effective thermal insulators, carpets, and rugs help to keep heat inside and create a cozier atmosphere. The insulating qualities of carpets contribute to the coziness and comfort of homes and commercial spaces in colder climates or during the winter. Rugs and carpets absorb sound and lower the decibel level of noise in an area.



Global Carpet and Rugs Market – Merger and Acquisitions





Jacaranda and TENCEL launch carbon zero carpet and rug collection (2022)




Lenzing’s groundbreaking carbon-zero TENCEL branded lyocell fibers are making waves across the textile industry, including the home and interior segment. Recently, Jacaranda, a UK-based luxury carpet and rug brand, launched the world’s first collection of handwoven carpets and rugs made from 100% true carbon-zero TENCEL Lyocell fibers to boost the sustainability standard of home furnishings and decorations.



List of Prominent Players:



Mohawk Industries, Inc.
Shaw Industries Group
Lowe's Companies, Inc.
Taekett S.A.
Home Depot, Inc.
Interface, Inc.
Dixie Group, Inc.
Orientals Weavers Carpet Company
Tai Ping Carpets International Limited
Victoria Plc
Others




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Segmentation of Global Carpet and Rugs Market:



By Product Type:



Knotted Pile
Needle Punched
Tufted
Woven
Others




By Application:



Residential
Commercial




By Material:



Animal-made Yarn
Plant-made Yarn
Synthetic Fibers




By Region:



North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia Pacific (China, Japan, India, Southeast Asia, Rest of APAC)
Latin America (Brazil, Argentina, Rest of Latin America)
Middle East & Africa (GCC Countries, UAE, Rest of MEA)




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Regional Analysis:



North America:



Canada: One major factor affecting the demand for carpets and rugs in Canada is the amount of housing and construction activity. The demand for flooring products, such as carpets and rugs, is frequently driven by the expansion of residential and commercial construction projects. The lifestyle choices, interior design trends, and preferences of Canadian consumers can influence the demand for carpets and rugs. The demand for homes that are cozy, comfortable, and aesthetically pleasing is driving the market's expansion.



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