Global Carpet and Carpet Tile Market Expected to Reach USD 1,04,585.45 Million by 2031

According to a recent market study published by Growth Market Reports, titled, “Global Carpet and Carpet Tile Market”, by Type of Machine (Hand Tufting Machine, Commercial Machine, Tufting Machine (PACAS Tufting Machine, GANTRY Tufting Machine), Needle Punching Machine, Weaving Machine), by Product Type (Carpet (Tufted/Broadloom, Woven, Needle-Punched, Knotted, Others), Carpet Tile (Tufted, Woven, Needle-Punched, Others)), by Shape (Square, Rectangle, Others), by Texture (Loop Pile, Cut Pile, Loop Pile & Cut Pile Combinations), by Material (Nylon, Olefin (Polypropylene, Polyester, Wool, Acrylic, Cotton, Silk, Others), by End-use (Commercial (Offices, Banks, Schools, Hospitals, Airports, Theatres/Cineplexes, Hotels, Others), Residential, Mobility (Automobile, Aircrafts, Railway, Others)), by Distribution Channel (Direct Sales, Wholesalers/Distributors, Online (E-commerce Platform/Third-party Website, Company Website)) and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa): Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 63,943.20 Million in 2022 and is projected to expand at a growth rate of 5.8% by 2031.

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As per Growth Market Reports industry analyst, the global Carpet and Carpet Tile market is anticipated to register significant growth during the forecast period, 2022-2031. Increasing sales of carpets and carpet tiles through online channels and e-commerce platforms are projected to propel the market in the coming years. E-commerce or electronic commerce refers to the buying and selling of goods or services on the Internet. It encompasses a wide variety of data, systems, and tools for online buyers and sellers, including mobile shopping and online payment encryption. The COVID-19 pandemic has forced many small businesses to reassess the traditional business models. Thus, various businesses turned to the pandemic-proof e-commerce sales channels for basic survival. Consumers started purchasing goods through their convenient websites and online marketplaces.

Carpets are made in any color using various dyed fibers. Carpets have many different designs to decorate the surface. Carpets are used in commercial and industrial establishments such as hotels and retail stores as well as private residences. There are many types of carpets available for a wide range of prices and qualities, from inexpensive synthetic rugs that are mass-produced in factories and used in commercial buildings to expensive hand-knotted wool carpets used in private residences. Carpets tiles are cut directly from the rolls and are used for easy installation, unlike carpets that come in long and heavy rolls. Many commercial carpet manufacturers also offer carpet tiles in a variety of styles and colors that contribute to a stylish appearance, which is not often found in traditional carpets. Intricate designs are installed to create a sophisticated appearance.

Primary as well as secondary research methodology is used for keen observation and study of the Carpet and Carpet Tile market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies to be updated with the latest market trends & developments. Validation of the estimated market size and current and future trends is done by the key opinion leaders (KOLs). These KOLs are the CXO level people from key companies in the industry and possess experience of around 10-20 years in the industry. The secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases are analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Strict measures are required for monitoring the situation, which, in turn, affects businesses, causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for the individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 serves as an opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. The pandemic restricted the supply of Carpet and Carpet Tile systems, owing to severe disruptions in businesses and the supply chain. This declined the global economy and hampered the potential effects of the prolonged conflict between Russia and Ukraine and uncertainty in the countries in Eastern Europe.

Key Takeaways from the Study:

• Key market players include North America Players (Bentley Mills, Mohawk Group, Interface, Mannington Mills, Inc., Beaulieu Canada, Engineered Floors Llc, Bloomsburg Carpet Industries, Shaw Industries, Millikens, STARK CARPET CORPORATION) Europe Players (Victoria PLC, Balsan, Associated Weavers, Belysse, Tarkett, Forbo, Brintons Carpets Limited) Asia Pacific Players (Paragon Union Berhad, TCM CORPORATION PUBLIC COMPANY LIMITED, TOLI Corporation, Japan Carpet Co., Ltd., Genie Carpet Manufacturers, Haima Carpet Corporation, Wuxi Diamond Carpet Manufacturing Co.,Ltd.), Latin America Players (Kalpakian Hnos. S.A.C.I., Ege Carpets, Autoneum, TOYOTA BOSHOKU CORPORATION, MELİKHAN CARPETS), Middle East & Africa Players (Standard Carpets Ind. LLC, Mega Carpet, Mada Carpet, Abu Dhabi National Carpet Factory (ADNC), Belgotex do Brasil, Carpet Crafts, AI Abdullatif Industrial Investment Company (AIIC))

• On the basis of type of machine, the carpet and carpet tile market is divided into hand tufting machine and commercial machine. Tufting allows for significantly high yields than conventional weaving machines. In industrial production, many needles are arranged next to each other while inserting pile fibers into the base material. hand tufted carpets are manufactured in a less period of time than woven carpets.

• On the basis of product type, the market is divided into carpet and carpet tile. The carpet segment is further divided into tufted, woven, needle-punched, knotted, and others. The carpet tile segment is further segmented into tufted, woven, needle-punched, and others. Carpets offer various benefits, such as superior stain resistance, and softer feel & padding as compared to carpet tiles. Additionally, it is suitable for large spaces, including conference rooms. A significant disadvantage of carpets is that it requires more cutting than carpet tiles, which generates more waste during the installation process.

• On the basis of shape, the market is divided into square, rectangle and others. Square-shaped carpets or carpet tiles provide a unique substitute to a rectangle-shaped rug for a huge living area or master bedroom. The completely even shape of square carpets complement square or round tables. Furthermore, these carpets are easier to install than traditional carpeting.

• On the basis of texture, the market is divided into loop pile, cut pile, and loop pile & cut pile combinations. Loop pile carpets are durable and hard, as they are not cut and sheared. Thus, this loop pile carpet is often chosen over cut pile carpets. Another advantage of loop pile carpet over cut pile carpet is its cost-effectiveness. Therefore, these properties and advantages make it an ideal choice for various end-use applications.

• On the basis of material, the carpet and carpet tile market is divided into nylon, olefin (polypropylene), polyester, wool, acrylic, cotton, silk, and others. The growth is attributed to the increasing demand for nylon from residential and commercial sectors. Nylon is highly used in carpet and carpet tiles, due to its highly elastic properties, high abrasion resistance, and outstanding tensile strength.

• On the basis of end-use, the carpet and carpet tile market is divided into residential, commercial, and mobility. The growth of residential segment is attributed to the growing trend of using carpets and carpet tile in the home, enhancing the decor with unique patterns and colors. Growing interest in home improvements, such as getting rid of outdated or worn carpets, is driving the demand for carpets and carpet tile for residential use.

• Based on the distribution channel, the global carpet & carpet tile market is segmented into online and direct sales and wholesalers/distributors. Online sales provide a large range of carpet & carpet tile options, ensuring that clients have access to a wide selection of products and technical specifications. Therefore, the online segment is anticipated to grow during the forecast period.

• On the basis of region, the global carpet and carpet tile market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is one of the leading regions in the global carpet and carpet tile market and is expected to continue as a leading market over the forecast period. The rapid expansion of construction and housing activities in the region, especially in the US, is one of the key factors driving the growth of the carpet and carpet tile market.

Report Scope:

Target Audience:

• Supply Side: Raw material suppliers and Manufacturers

• Demand Side: Office building owners, retail shopping centers, and schools & universities, residential homes.

• Regulatory Side: Concerned government authorities and other regulatory bodies.