Report ID: UCMIG25F2047
Report ID:
UCMIG25F2047 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The global market for carpets and rugs, with a 2022 value of USD 50.29 billion, is expected to see substantial growth, reaching USD 106.01 billion by 2030, representing a notable Compound Annual Growth Rate (CAGR) of 10.03% during the forecast period, starting from USD 55.28 billion in 2023. These versatile floor coverings find applications in both residential and commercial settings, serving the dual purpose of providing cushioning for the floor while enhancing interior aesthetics with a splash of color and style. Particularly in colder regions, carpets and rugs are highly sought after for their ability to maintain warmth, contributing to their increasing global demand.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Home Furnishings by segment aggregation, the contribution of the Home Furnishings in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25F2047