Global Carpet Market - How the Market has witnessed Substantial Growth in recent years

Carpet market status and forecast, categorizes the global Carpet market size (value & volume) by manufacturers, type, application, and region. This report focuses on the top manufacturers in North America, Europe, Japan, China, India, Southeast Asia and other regions (Central & South America, and Middle East & Africa).

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Rugs and Carpets are textile floor covering consisting of an upper layer of pile attached to a backing. The pile is generally either made from wool or fibers such as polypropylene, nylon or polyester and usually consists of twisted tufts which are often heat-treated to maintain their structure.

As Chinese overall economic downward trend in the past few years, and international economic situation is complicated, in the next few years there will be many uncertainties, and coupled with carpet industry in short supply on the market in the past few years, more and more companies enter into carpet industry, the current demand for carpet product is relatively low, lack of demand, excess supply.

In the next six years, the global consumption of Rugs and Carpet will maintain a 3.6% annual growth rate ,consumption is expected in 2023 will be 3173.3 (Million Square Meters).Therefore, in the next six years, carpet overcapacity situation will not change much, the average operating rate will remain at 84% to 86%.

Carpet product demand market there is also a certain space, but basically showing the scarcity of environment-friendly products, low-end products, and excess capacity, there is a large market demand for environment-friendly products to seize market share of imports acts.

Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.

Along with the development of Chinese domestic carpet, Chinese domestic carpet has been very mature and advanced, and the performance distance has been shortening compared with the imported carpet.

As large demand of environment-friendly products at home and abroad, many companies began to enter the field of environment-friendly. Currently, the Chinese carpet industry is not only begin to transit to environment-friendly carpet products, while still extend in the resource-rich land and downstream industry chain.

The global Carpet market is valued at 212300 million US$ in 2017 and will reach 255900 million US$ by the end of 2025, growing at a CAGR of 2.7% during 2018-2025.

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The major manufacturers covered in this report

Shaw Industries

Mohawk

Oriental Weavers

Milliken

Beaulieu

Interface

Dinarsu