Global Rugs and Carpets Market Overview:
Rugs and carpets market has high growth prospects due to the demand for attractive designing and services to various end-user. Further, the rising demand for eco-friendly products is fuelled up the opportunities for the players. Owing to increasing demand for rugs and carpets, market players are focusing on creating the online sales of luxury products that can easily reach to customers. For instance, Burrow launched a rug collection for home design for floor coverings, loveseats, armchairs, sectional, and accessories. The collection range also includes functional and fashionable products for kid & pet-friendly styles with luxurious and plush textures.
- Increasing Number of Renovation & Remodeling Activities
- Rising Interest of Consumers toward Interior Decoration
- Rapid Urbanization & Globalization
- Increased Demand for Eco-friendly Carpets
- High Prices of Raw Materials
- Rising the Number of Construction Activities in the Developing Economies
- Increasing Acceptance Of Carpet Tiles in The Forecasted Period
- Rising Problem of Recycling and Waste Disposable
Some of the key players profiled in the report are Mohawk Industries, Inc. (United States), Shaw Industries Group (United States), Taekett S.A. (France), Lowe’s Companies, Inc. (United States), Interface, Inc. (United States), Home Depot, Inc. (United States), Dixie Group, Inc. (United States), Orientals Weavers Company for Carpets (Egypt), Ikea Group (Netherlands), Royalty Carpet Mills, Inc. (United States) and Engineered Floors LLC (United States). Additionally, following companies can also be profiled that are part of our coverage like Victoria PLC (United Kingdom), Tai Ping Carpets International Limited (China), Genie Carpet Manufacturers (India), Beaulieu International Group (Belgium) and Milliken & Company (US). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Rugs and Carpets market by 2025. Considering Market by Material , the sub-segment i.e. Nylon will boost the Rugs and Carpets market. Considering Market by Distribution Channel, the sub-segment i.e. Online will boost the Rugs and Carpets market. Considering Market by End User, the sub-segment i.e. Residential will boost the Rugs and Carpets market.
In July 2020, Tarkett, a worldwide leader in innovative flooring and sports surface solutions announces joining the Clean Hospitals network to contribute to improve hospital hygiene and to promote effective, sustainable, and evidence-based cleaning guidelines.
In Dec 2019, Shaw Industries Group, Inc. (Shaw) has achieved the USGBC’s LEED Silver designation for its carpet tile manufacturing and recycling facility in Adairsville, Ga.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Rugs and Carpets market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Rugs and Carpets market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Rugs & carpets Manufacturers, Raw material suppliers, Manufacturers of rugs & carpets, Importers and exporters of rugs & carpets, Traders, distributors, and suppliers of rugs & carpets, Market research & consulting firms and Regulatory bodies and government.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.