Global demand for carpets and rugs is forecast to expand 8.3% p.a. between 2014 â€“ 2018. China, Greece, Morocco, the United Kingdom, and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global carpet and rug industry is forecast to reach 8.3% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 2.8%. Currently, tufted carpets and rugs cover the largest part of the world market accounting for 52.3% of the demand while the remaining market share is divided between woven carpets and rugs (26.1%), knotted carpets and rugs (7.1%), and other carpets and rugs (14.5%).
China, Germany, Japan, the United Kingdom, and the United States represent the largest carpet and rug markets while the strongest annual growth is forecast to occur in Greece (23.7%), Morocco (16.1%), Estonia (14.9%), Slovakia (13.2%), and Philippines (13.0%).
Carpet and rug market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential Rates, the top 20 highest potential carpet and rug markets in the coming years are:
Ranking Country Market Potential Rate
1. United States 0.89
2. Greece 0.24
3. China 0.21
4. Morocco 0.17
5. United Kingdom 0.16
6. Germany 0.16
7. Turkey 0.15
8. Estonia 0.15
9. Belgium 0.14
10. Slovakia 0.13
11. Philippines 0.13
12. Azerbaijan 0.13
13. Lithuania 0.12
14. Ireland 0.12
15. Kazakhstan 0.12
16. Senegal 0.11
17. Peru 0.11
19. Bulgaria 0.10
20. Portugal 0.10
21. Thailand 0.10
The leading players on the global carpet and rug market are considered to be companies like 00924669 Ltd., Al Sorayai Group, Autoneum Brasil TÃªxteis AcÃºsticos Ltda., Axminster Carpets Holdings Ltd., Balta Industries, Beaulieu Group, LLC, Brintons Carpets Ltd., Carpet Maker (Thailand) Company Limited, Carpets International Thailand PCL, Cavalier Bremworth Limited, Collins & Aikman Floorcoverings, Inc., Creation Exports Nepal, Dezhou Huanggong Carpet Co., Ltd., Dinarsu Imalat Ve Ticaret Turk A S, Dura Tufting GmbH, Fabryka DywanÃ³w Agnella S.A., Faurecia Automotive Industrie SNC, Festival Hali Sanayi Ve Ticaret A S, Floare-Carpet SA, Gamma Holding NV, Godfrey Hirst Australia Pty Ltd, Golbaft Industrial Group Company, GRABOPLAST PadlÃ³gyÃ¡rtÃ³ Zrt, Guangzhou Linjun Co., Ltd., Hayashi Telempu (Thailand) Company Limited, Interface, Intier Automotive Eybl GmbH, Inylbra Tapetes e Veludos Ltda, J & J Industries Inc, Kairakkum Carpets joint Stock Company, Kaplan Kardesler Hali Sanayi Ve Ticaret Ltd Sti, Karina Textiles (Pvt) Ltd, Kashan Khatereh Weaving & Spinning Company, Kasmir Hali Sanayi Ve Ticaret A S, Koyo Zhedong (Ningbo) Blanket Co., Ltd., Mac Carpet S.A.E, Mannington Carpets, Merinos Hali Sanayi Ve Ticaret A S, Milliken Industrials Ltd., Misr America Carpet, Mohawk Home, Mohawk Industries Inc, Ningjin Sifang Co.,Ltd., Oriental Weavers International Sae, Rizhao Dongsheng Carpet Group Co., Ltd., Royalty Carpet Mills Inc, Safyun Hali Tekstil Sanayi Ve Ticaret A S, Samur Halilari Sanayi Ve Ticaret A S, Shandong Caixia Carpet Group Co.,Ltd., Shandong Shenghuada Co., Ltd., Shandong Shenlong Carpet Industry Co., Ltd., Shaw Industries Group, Sichuan Mianyang Dongrun Comprehensive Processing Factory, Stoddard International PLC, Suzhou Dongyi Chemical Fibre Products Co., Ltd., Suzhou Qinyi Chemical Fibre Co, Ltd., Suzhou Tianhong Huasheng Printing And Dyeing Co., Ltd., Tai Ping Carpets International Limited, Teppich Essers & SÃ¶hne GmbH, Terza, S.A. de C.V., Tfc Natural Fibre Products Co., Ltd., Tianjin Haiying Carpet Co., Ltd., Tianjin Longzeng Industry & Trade Co., Ltd., Tianjin Tianya Carpets Co., Ltd., Tra Ly Yarn Js Co., Turkmenhaly State Joint Stock Company, Ulster Carpet Mills (Holdings) Ltd., Weihai Haima Dahua Carpet Co., Ltd., Weihai Shanhua Huimei Carpets Co., Ltd., Viniroyal Plasticoaters Limited, Xiamen Hongjia Carpet Co., Ltd., Yangxin Ruixin Wool Products Co., Ltd..
The market information is based on new industry reports recently published by Global Research & Data Services. The publications offer the most up-to-date perspective on the actual market situation, trends, leading companies, and future outlook for carpets and rugs in the world and individually for the following countries: Argentina, Armenia, Australia, Austria, Azerbaijan, Belgium, Bolivia, Bulgaria, Canada, Chile, China, Colombia, Czech Republic, Denmark, Ecuador, Estonia, Finland, France, Germany, Greece, Hungary, Indonesia, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Morocco, Netherlands, Norway, Oman, Peru, Philippines, Poland, Portugal, Romania, Senegal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam
The studies include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other industry professionals looking for key market insights in a readily accessible and clearly presented format.
The market studies help identify:
- What is the size of the global carpet and rug market?
- What is the size of the carpet and rug market in different countries around the world?
- How are the markets divided into different product segments?
- Which products are growing fast?
- How have the markets been developing?
- What does the future look like?
- What is the market potential?
- Which major companies are operating in the market?
Product segments analyzed in the studies:
Woven carpets and rugs
Tufted carpets and rugs
Knotted carpets and rugs
Other carpets and rugs
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