Market Research Future (MRFR) confirms in its extensive study that the carpet & rugs market 2020 can touch USD 93.6 billion by 2024-end. The market can also presumably record a growth rate of 4.75% between 2019 and 2024 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.

Key Boosters and Main Challenges

The COVID-19 outbreak has had a devastating effect on every aspect of the world economy, disrupting the supply chains and industrial manufacturing to a standstill. The pandemic has resulted in massive revision in the growth prospects of the Carpets and Rugs Market Size. Since governments imposed a lockdown to curb the spread of SARS-CoV-2, the demand for non-essential items such as carpets and rugs went down significantly, industrial activities closed down all over the world. The COVID-19 impact on the construction and transportation industries can also be a massive challenge for the carpets and rugs market.

However, despite the growing menace of the novel coronavirus, the market for carpets and rugs can still benefit from the increasing remodeling and renovation activities and the rising interest in interior design among consumers. The fast growth of urbanization as well as globalization can also induce substantial market growth in the years to come. The escalating demand for carpet tiles, eco-friendly carpets combined with the growing interest in contemporary area rugs are deemed to be some of the top trends in the global market.

With technological innovations and product development, many of the renowned firms are trying to expand their presence by seeking new contracts and explore new markets. In the coming years, many of the vendors are also projected to take up acquisitions, mergers and new launches as their main marketing hacks for business expansion in the carpets and rugs market.

For instance, in July 2020, CHACCRA (London) launched two flat woven rug designs, the Chakra Design Collection. With the combination of artisanal rug craft from Nepal and the creative abstract design handcrafted from Tibetan wool, the resultant rugs boast of soft and appealing textures.

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Market Segmentation

The carpets & rugs industry can be considered for type, product type as well as end use.

The key material types mentioned in the study are wool, nylon, cotton, polypropylene, polyester, jute, silk, and more.

The various product types listed are tufted, woven, needle-punched, knotted, and others. Between these, it is expected that the tufted segment can take the lead as a result of accelerated use of this type in the commercial and residential projects. Continuous technological innovations have led to higher deployment of recycled fiber during the manufacturing processes of rugs and carpets, which further boosts market expansion rate.

The carpets & rugs market, depending on end use are residential as well as commercial. The residential segment is in the lead and can soon procure the fastest CAGR, given the increasing use of carpets in floor coverings applications by residential end-users. Since carpets come in various textures and colors, they are deemed ideal for residential applications, regardless of any type of decor.

Regional Insight

The regional consideration of the carpets & rugs market covers Europe, Asia Pacific/APAC, North America, and RoW/the rest of the world.

Since 2018, North America has remained the top-performing market for carpets & rugs, with the United States/US heading the growth. The significant interest in interior design and decoration among people and the enabling financial conditions help the carpets & rugs market remain lucrative in the region. Besides, the surge in remodeling and renovation activities across the real estate industry, especially in the US, has caused the carpets & rugs market to boom in recent years.

The APAC market for carpets & rugs is not much behind, as it shows the potential to achieve considerable growth in the ensuing period. Rapid real estate expansion paired with the accelerating disposable income of the people and the consequent increase in the demand for home decoration items has been favorable for the market here. In 2018, China became the highest gaining market in the region, thanks to the massive development of the real estate sector. However, giving tough competition to China, India could potentially achieve the fastest expansion rate in the years to come, considering the fast urbanization rate and the growth of foreign direct spending on the real estate industry.

Renowned Industry Players

Renowned industry players listed in the MRFR study are Orientals Weavers Company for Carpets (Egypt), Victoria PLC (U.K.), Shaw Industries Group (U.S.), Mohawk Industries, Inc. (U.S.), Taekett S.A. (France), Dixie Group, Inc. (U.S.), Home Depot, Inc. (U.S.), Lowe's Companies Inc. (U.S.), Tai Ping Carpets International Limited (China), Interface, Inc. (U.S.), to name a few.

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Note: Our team of researchers are studying Covid-19 and its impact on various industry verticals and wherever required will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.

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To stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

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The rugs and carpets can be placed anywhere in your home and in multiple formats. Be it the kitchen or the balcony, you can use these rugs and carpets online to aesthetically decorate the floors and make it warmer and inviting for the eye. Considering this very benefit of rugs, Wooden Street has housed some of the best designs of carpets that will certainly elevate the serene beauty and flawless divinity of your home. So, if you are looking for a new carpet for home, here are top six rug pieces that you can try.

Contract Polyester Yarn 3D Printed Vintage Persian Multicolour Carpet:
The entire design of this living room carpet symbolises the Persian culture, and hence it is one of the best carpets you can have for your home. Ornate styled geometric patterns are present on the surface with beautifully designed lines which demarcate the patterns. On the four sides of the carpet, there is a different design with different colour shades which complement the blue dominant colour of the carpet.

Blue Washed Vintage Nylon Carpet:
For a washed vintage carpet for home, this particular unit does look flawless. The base has a washed beige color on which you will find ornate designs done with shades of orange, pink, blue and purple. On the edges, there is a corner design which has the prominent shades of blue, purple and violet with tinge of yellow and orange.

Blue Hand Woven Kilim Wool Dhurrie:
This is another Kilim art wood carpet from Wooden Street which is indeed capable for making sure that your house will never look dull for another time. The sides of carpet have woolen fringes which looks amicable against the intricate art done on the main surface of the hand woven carpet. It has shades of blue, grey, beige and even white mixed in a way where each color is complementing the other one.

Yellow Washed Vintage Nylon Rug:
Having vibrant shades of yellow, blue and grey, this particular carpet for floor has a vintage look which is indeed quite suiting for any kind of interior décor. On top of this, it is the washed design of the carpet which makes it look subtle and divine and hence can be placed anywhere in your entire home.

Ivory Herringbone Hand Woven Dhurrie:
If you are in love with geometric patterned online rugs, then this particular home décor accessory will be too perfect for you to ignore. Here, rectangular patterned boxes are arranged in a single line while the lines adjacent to it have the boxes aligned in the opposite direction. Blue, yellow, grey, black and white are the five colors which are prominent in this particular hand woven carpet.

Rust Hand Woven Kilim Pattern Wool Dhurrie:
Kilim pattern has become quite popular in the recent years. This Middle-eastern design has a lot of historic tales associated with it and hence, it’s warmth and plush nature can never be ignored. In this particular carpet for home, the Kilim pattern has a rust color shade with grey and black border shades to highlight the rust look of the hand woven carpet.

Conclusion: People mainly think that all the decorations should be either on the walls or around the available space in the room. However, according to many, no decorations should be done on the floors since hardly anyone notices this particular area of the house. However, in reality, when someone enters a room, it is the floors which attract the attention first than anything else present in the room. Also, you can never ignore the presence of this particular section of your house and hence, making it cozy and plush for living has become sort of mandatory for many people. Perhaps these are two primary reasons because of which the rugs and carpets are becoming so popular amongst the Indians.

Carpet and rugs market are expected to grow during the forecast period, owing to the rising preference for modular carpet solutions among end-users. The increase in renovation activities for residential and commercial purposes and the use of carpets and rugs for floor decoration, are also driving the growth of the market. The market is also gaining traction owing to the increase in adoption of carpets and rugs in the countries with cold climatic conditions as they provide thermal insulation benefits.

Based on type, the tufted segment is expected to dominate the market owing to its increased adoption by the residential construction and commercial projects. The technological advancements have allowed the usage of recycled fiber in manufacturing of Carpets and Rugs, which is further driving the market for tufted carpets and rugs. Tufting is appropriate for all types of fibers & yarns and can be made in a variety of finishes, which increases the use of such types of carpets and rugs.

On the basis of end-use, the residential segment is expected to grow at the highest CAGR owing to the increase in adoption of carpets for the purpose of floor coverings among residential end-users. Carpets are available in a range of colors and textures, which make them suitable for use by residential end-users in all types of decors. The increasing investment in new housing constructions and the rapid increase in home renovation projects, are driving the growth of the residential sector in the carpets and rugs market.

Scope of the report
This study provides an overview of the global carpet and rugs market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Carpet and rugs market by its material, type, end-use and region. 

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By Material

• Nylon
• Polyester
• Polypropylene 

By Type

• Woven
• Tufted
• Knotted
• Needle-punched 

By End-Use

• Residential
• Non-residential
• Automotive & Transportation 

By Region

• North America 
• Asia Pacific 
• Europe
• Rest of the World  

Key Players
The key players of global Carpet and rugs market includes Mohawk Industries, Inc. (U.S.), Taekett S.A. (France), Lowe's Companies, Inc. (U.S.), Shaw Industries Group (U.S.), Dixie Group, Inc. (U.S.), Home Depot, Inc. (U.S.), Tai Ping Carpets International Limited (China), Interface, Inc. (U.S.), Orientals Weavers Company for Carpets (Egypt), Victoria PLC (U.K.) and others.

Rugs for a home are like a pair of shoes for a well-dressed outfit, completing the look of a space just like a nice pair of shoes would. No matter whether it is your home, office or even a hotel lobby, carpets and rugs can accentuate the décor of any space.

If you think rugs and carpets are only used to protect your legs in winters or to improve the look of a room then you are quite wrong here. Because floor carpets have many advantages than these two. And we, at WoodenStreet, have outlined some of the benefits you will get from carpets online and rugs.

1. Brighten Up the Décor - In any home, it is very important to make the rooms lively and bright rather than pale and dull. A floor carpet has the capability to make a huge difference in the overall décor of any space.

Carpets and rugs have an impact on the color palette of your room as well. For example, a carpet in a dark color is the perfect pick to add a new shade in a neutral interior. At WoodenStreet, you will see some outlandish carpets which can give life to your dead floor.

2. Conceal Imperfections - If your living room’s floor suffers from cracked tiles, yellowing marble or anything which neither you nor your guests should come to terms with, then a quick fix is a carpet for your living room.

If you are one of those who live in a rented home or apartment, where the flooring has imperfections due to economical drawbacks, then this is perfect to hide those imperfections in style without spending fortune.

3. Tie a Room Together - A carpet or a rug ties up a room together in order to give an intimate atmosphere. It’s like without carpets, all the furniture in your room appears as if floating.

If you are thinking that a carpet or a rug can be the finishing touch of your room, then you are a bit wrong here. Because a rug can be a great way to set the color palette of your space.

4. Add Warmth - As winters are around the corner, the one thing which we hate the most in the mornings is stepping on a cold floor. And that is where the placement of a rug or a carpet is required.

Whether it’s a hardwood floor or a tiled floor, the winter cold always seeps in, making them bone-chillingly cold. But using a carpet or a rug can help in holding the heat and provide you with warmth and comfort.

5. A Hustle-free Cleaning - When you have kids or pets in your home who like to mess up the floor, then probably your whole day gets spent in cleaning that wooden or marble floor, right?

But a carpet or rug can free you from this hustle. Firstly, they are easy to clean as you only need a vacuum cleaner to keep them free from dust. And secondly, you don’t need to worry about the safety of your kids and pets.

Conclusion: As you can see, there are many advantages of having rugs and carpets in your home. Their task isn’t just limited in appearance, but holds more than meets the eye.

Practical, versatile and beautiful are the words for carpets and rugs. So, to witness the range of this excellent addition, visit our website at www.woodenstreet.com. You can also contact us at +91-9314444747 for any information.

The global Area Rugs Market is estimated to develop at a substantial CAGR for the duration of the prediction. These are the sections of dense, weighty material. It is regularly utilized to shield a segment of a floorboard. It utilized to shield commercial as well as domestic floors and to beautify and add to the look of backgrounds. They are of two categories; Handmade and Machine-made. They are normally prepared from various types of raw materials such as seagrass, silk, cotton, polyester, nylon, sisal, jute, wool, and polypropylene. They are obtainable in diverse colors, sizes, styles, and shapes.

The growing demand for high-end area rugs, the growing housing business, and increasing certainty of customers all over the world, are some issues backing the progress of the market internationally. The Area Rugs market on the source of Category shows the Manufacture, Profits, Price, Market stake, and Development percentage of respective category. The market is divided into Handmade and Machine-made.

The Area Rugs market on the source of Type of Raw Material shows the Manufacture, Profits, Price, Market stake and Development percentage of respective category. The market is divided into Seagrass, Silk, Cotton, Polyester, Nylon, Sisal, Jute, Wool, and Polypropylene. The Area Rug market on the source of Type of Supply Network could span Super Store and Hypermarkets, Dedicated Supplies, Divisional Stores and Online Trade. The Dedicated Supplies were responsible for the mainstream stake of the market for the duration of recent past year. It is estimated to carry on leading the market until the completion of prediction period. Yet, the stake of the subdivision of the market estimated to weaken in the approaching years due to the increasing thrift of the customer.

On the source of the end users/applications, the statement concentrates on the position and viewpoint for foremost uses/end users. It takes in to consideration the intake in terms of sales, market stake and development percentage for respective use, including-Commercial, Domestic. The subdivision of “Domestic” was responsible for the mainstream stake of the market for the duration of past year. It is estimated to carry on dominating the market for the following years.

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Some of the most important issues accountable for the development of the market subdivision are the increasing curiosity of individuals in the internal beautification of houses. Similarly, a big sum of important contestants are progressively proposing indefinite design ranges and producing domestic area rugs by means of gorgeous shades and printability to display the tailored particulars. It will additionally motivate development of the subdivision of the market. The market on the source of Area with respect to Trades in terms of intake, Profits, Market stake and Development percentage in these areas, for the duration of the prediction could span North America, Europe, Asia Pacific, Latin America and Middle East and Africa.

By the source of geography, Americas were responsible for the mainstream stake of the market for the duration of recent past year. They will carry on leading the market up to the completion of prediction period. More or less of the most important reasons accountable for the development of the market in the area are the increasing attention concerning area rugs in the emerging provinces of Asia Pacific , growing awareness concerning home-based interior decoration, obtainability of industrially innovative area rugs. Those are tint resilient, waterproof, and a growing sum of the metropolitan residents.

The statement revises Trades in terms of intake in the market; particularly in North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. It concentrates on the topmost companies operating in these regions. Some of the important companies operating in the field on international level are The Dixie, Mohawk Industries, Balta Industries, Shaw Industries, Milliken & Company.

Additional notable companies operating in the Area Rugs market are United Weavers of America, ORIENTAL WEAVERS, STEPEVI, Haroun Ian Rugs International, Bukhara Carpets, Amar Carpets, Abraham Moheban & Sons, The Natural Carpet Company, Nourison Industries, Capel Incorporated, Amer Rugs, and BRINTONS AGNELLA.

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