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Press Release:

Global Carpet Market to Grow at 4.2% During 2022-2027, Catalyzed by Escalating Demand for Aesthetic Flooring

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Carpet Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global carpet market reached a value of US$ 58.05 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.06 Billion by 2027, exhibiting a CAGR of 4.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor. 

Carpets are decorative textiles used for covering hard-surface floorings. They are available in a wide variety of shapes, patterns, colors, textures and sizes. Carpets are usually manufactured using woven fiber, tufted wool, polyester, cotton, silk, olefin, nylon and other synthetic materials. They are used for producing cut loop, loop pile, shag and plush pile carpets. Modern carpet variants are also made using memory foams that provide enhanced comfort to the consumer and prevent moisture retention. Due to the cushioned surface, the carpets absorb sounds, provide additional warmth and offer a non-slip surface. They are also treated with static, stain and soil resistant chemicals, thereby making these carpets easy to clean and maintain. As a result, they are widely used across residential, commercial and industrial constructions.

Carpet Market Trends:

Significant growth in the construction industry and the increasing development of residential and commercial complexes, especially in the developing economies, are creating a positive outlook for the market. There is a shifting consumer preference toward non-geometrical and abstract designer patterns on carpets and other decorative products to beautify interiors. In line with this, the widespread adoption of environment-friendly carpets manufactured using sustainable materials is also contributing to the growth of the market. Various advancements, such as the advent of nylon featuring cationic technology, which reduces the number of dye sites in the fiber and aids in improving stain resistance, are acting as other growth-inducing factors. Product manufacturers are also utilizing innovative fiber materials to increase the strength, durability, colorfastness, dyeing flexibility and abrasion and soil resistance of the carpet. Other factors, including rising expenditure capacities of the consumers, along with rapid urbanization, are anticipated to drive the market toward growth. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global carpet market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, price point, sales channel and end user.

Breakup by Material:

  • Nylon
  • Olefin
  • Polyester
  • Others
     

Breakup by Price Point:

  • Economy
  • Luxury
     

Breakup by Sales Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
     

Breakup by End User:

  • Residential
  • Commercial
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Armstrong Flooring Inc., Balta Industries nv., Beaulieu International Group, Brumark, Dorsett Industries, Interface Inc., Mannington Mills Inc., Milliken & Company, Mohawk Industries Inc., Shaw Industries Group Inc. (Berkshire Hathaway Inc.), Tarkett and Victoria PLC.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Material, Price Point, Sales Channel, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Armstrong Flooring Inc., Balta Industries nv., Beaulieu International Group, Brumark, Dorsett Industries, Interface Inc., Mannington Mills Inc., Milliken & Company, Mohawk Industries Inc., Shaw Industries Group Inc. (Berkshire Hathaway Inc.), Tarkett and Victoria PLC
Customization Scope 10% Free Customization
Report Price and Purchase Option  Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Carpet Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Material
    6.1    Nylon
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Olefin
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Polyester
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7    Market Breakup by Price Point
    7.1    Economy
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Luxury
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Sales Channel
    8.1    Supermarkets and Hypermarkets
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Specialty Stores
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Online Stores
        8.3.1 Market Trends
        8.3.2 Market Forecast
9    Market Breakup by End User
    9.1    Residential
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Commercial
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Armstrong Flooring Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
           15.3.1.4 SWOT Analysis
        15.3.2    Balta Industries nv.
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
        15.3.3    Beaulieu International Group
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
        15.3.4    Brumark
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    Dorsett Industries
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Interface Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
           15.3.6.3 Financials
        15.3.7    Mannington Mills Inc.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
        15.3.8    Milliken & Company
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 SWOT Analysis
        15.3.9    Mohawk Industries Inc.
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    Tarkett
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
        15.3.12    Victoria PLC
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
           15.3.12.3 Financials

List of Figures

Figure 1: Global: Carpet Market: Major Drivers and Challenges
Figure 2: Global: Carpet Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Carpet Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Carpet Market: Breakup by Material (in %), 2021
Figure 5: Global: Carpet Market: Breakup by Price Point (in %), 2021
Figure 6: Global: Carpet Market: Breakup by Sales Channel (in %), 2021
Figure 7: Global: Carpet Market: Breakup by End User (in %), 2021
Figure 8: Global: Carpet Market: Breakup by Region (in %), 2021
Figure 9: Global: Carpet (Nylon) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Carpet (Nylon) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Carpet (Olefin) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Carpet (Olefin) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Carpet (Polyester) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Carpet (Polyester) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Carpet (Other Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Carpet (Other Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Carpet (Economy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Carpet (Economy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Carpet (Luxury) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Carpet (Luxury) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Carpet (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Carpet (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Carpet (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Carpet (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Carpet (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Carpet (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Carpet (Residential) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Carpet (Residential) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Carpet (Commercial) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Carpet (Commercial) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: North America: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: North America: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: United States: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: United States: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Canada: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Canada: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Asia-Pacific: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Asia-Pacific: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: China: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: China: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Japan: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Japan: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: India: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: India: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: South Korea: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: South Korea: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Australia: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Australia: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Indonesia: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Indonesia: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Others: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Others: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Europe: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Europe: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Germany: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Germany: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: France: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: France: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: United Kingdom: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: United Kingdom: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Italy: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Italy: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Spain: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Spain: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Russia: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Russia: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Others: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Others: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Latin America: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Latin America: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Brazil: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Brazil: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Mexico: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Mexico: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Middle East and Africa: Carpet Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Middle East and Africa: Carpet Market: Breakup by Country (in %), 2021
Figure 79: Middle East and Africa: Carpet Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Global: Carpet Industry: SWOT Analysis
Figure 81: Global: Carpet Industry: Value Chain Analysis
Figure 82: Global: Carpet Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Carpet Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Carpet Market Forecast: Breakup by Material (in Million US$), 2022-2027
Table 3: Global: Carpet Market Forecast: Breakup by Price Point (in Million US$), 2022-2027
Table 4: Global: Carpet Market Forecast: Breakup by Sales Channel (in Million US$), 2022-2027
Table 5: Global: Carpet Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Carpet Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Carpet Market: Competitive Structure
Table 8: Global: Carpet Market: Key Players

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Key Questions Answered in This Report

We expect the global carpet market to exhibit a CAGR of 4.2% during 2022-2027.
 

The growing demand of carpet across residential, commercial, and industrial sectors, along with the rising consumer inclination towards non-geometrical and abstract designer patterns on carpets to beautify interiors is currently driving the global carpet market.
 

Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units of carpets. 
 

Based on the material, the global carpet market has been segmented into nylon, olefin, polyester, and others. Currently, nylon holds the majority of the total market share.
 

Based on the price point, the global carpet market can be divided into economy and luxury, where economy currently exhibits a clear dominance in the market.
 

Based on the sales channel, the global carpet market has been categorized into supermarkets and hypermarkets, specialty stores, and online stores. Amongst these, specialty stores account for the majority of the global market share.
 

Based on the end user, the global carpet market can be segmented into residential and commercial. Currently, the residential sector accounts for the largest market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market. 
 

Some of the major players in the global carpet market include Armstrong Flooring Inc., Balta Industries nv., Beaulieu International Group, Brumark, Dorsett Industries, Interface Inc., Mannington Mills Inc., Milliken & Company, Mohawk Industries Inc., Shaw Industries Group Inc. (Berkshire Hathaway Inc.), Tarkett, and Victoria PLC.

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