North America Carpet and Rugs Market Introduction and Overview
According to SPER Market Research, the North America Carpet and Rugs Market is estimated to reach USD 26.97 Billion by 2033 with a CAGR of 6%.
The report includes an in-depth analysis of the North America Carpet and Rugs Market, including market size and trends, product mix, applications, and supplier analysis. Carpets and rugs are popular due to their aesthetic and functional value. It is an addition to floor coverings that enhances the overall appeal of a home or workplace design. Rugs and carpets protect floors by providing padding. Rugs and carpets are beneficial to persons who live in cold areas because they keep the floor from being too chilly. Carpets and rugs are most commonly used in commercial, residential, and industrial settings. Carpets and rugs are popular in developed economies.
- In June 2023: Patcraft, MOHAWK INDUSTRIES, INC., and Shaw Contract received Best of NeoCon Awards in various flooring categories, honouring their unique designs. Furthermore, the Flote Lounge Collection by Hightower received the prestigious Best of Competition award, emphasising the changing demands of today's different workplaces. These awards demonstrate the industry's dedication to developing a balanced and user-friendly built environment.
- In May 2023: MOHAWK INDUSTRIES, INC. was named one of America's Climate Leaders for significant carbon footprint reductions, making it the only flooring company to receive this honour. This demonstrates Mohawk's dedication to sustainability and environmental responsibility.
Market Opportunities and Challenges
The rise of eco-friendly carpets and rugs signals a notable opportunity for the market, propelled by heightened environmental consciousness, consumer preference for sustainable goods, and stricter regulations against harmful chemicals and non-biodegradable materials. As consumers increasingly prioritize products aligned with their values, eco-friendly options become an appealing choice, reflecting a broader shift towards sustainable living. This trend not only addresses environmental concerns but also mirrors evolving consumer behaviors and preferences. Simultaneously, the burgeoning prevalence of e-commerce and online sales represents a significant market opportunity. This transformation in consumer behavior has reshaped the home furnishing sector, including carpets and rugs. Online platforms offer unparalleled convenience, enabling consumers to explore a vast array of products from the comfort of their homes. Consequently, there has been a substantial uptick in online sales of carpets and rugs, underscoring the potential of digital channels to drive market growth.
The carpet and rug market, like many other industries, is susceptible to fluctuations in raw material prices. These fluctuations have significant impacts, especially considering the heavy reliance of carpets and rugs on raw materials during production. In 2018, the flooring industry faced internal and external pressures, leading to reduced profits due to increased raw material and transportation costs. Additionally, tariff issues prompted preemptive purchasing strategies, further straining profitability. Both developed and developing nations grapple with the persistent rise in raw material prices. Furthermore, while the market shows steady growth, it encounters a significant challenge in the form of high maintenance costs associated with carpets and rugs. This challenge is anticipated to impede market growth in the foreseeable future.
Market Competitive Landscape
The major key players in the North America Carpet and Rugs Market are: Amer Rugs, Axminster Carpets Ltd., Brintons Carpets Limited, Haima group, Interface, Inc., Mannington Mills, Inc., MOHAWK INDUSTRIES, INC., Oriental Weavers, Shaw Industries Group, Inc., Stevens Omni, Tarkett, The Dixie Group, Inc, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Product, By Raw Material, By Application
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| Regions covered | Canada, Mexico, U.S.
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| Companies Covered | Amer Rugs, Axminster Carpets Ltd., Brintons Carpets Limited, Haima group, Interface, Inc., Mannington Mills, Inc., MOHAWK INDUSTRIES, INC., Oriental Weavers, Shaw Industries Group, Inc., Stevens Omni, Tarkett, The Dixie Group, Inc, Others
|
COVID-19 Impact on North America Carpet and Rugs Market
The COVID-19 epidemic had a huge influence on North America's carpet and rug sector, disrupting manufacturing, supply networks, and consumer demand. Lockdowns and economic instability reduced consumer expenditure on non-essential products such as home furnishings. Retail closures and limits on development projects compounded the drop in sales. However, the change to remote work and more time spent at home has raised demand for home remodelling initiatives, such as carpet and rug purchases. Economic stability and the restoration of consumer confidence are critical to recovery.
Key Target Audience:
- Architects and Builders
- Commercial Property Owners and Managers
- Event Planners and Venue Managers
- Facilities Managers
- Homeowners and Renters
- Hospitality Industry (Hotels, Restaurants, etc.)
- Interior Designers and Decorators
- Real Estate Developers
- Retailers and Flooring Distributors
- Others
Our in-depth analysis of the North America Carpet and Rugs Market includes the following segments:
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By Type:
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Carpet
Rugs
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By Product:
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Flat-Weave
Hooked
Knotted
Needle-Punched
Tufted
Woven
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By Raw Material:
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Natural Fiber
Synthetic Fiber
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Key Topics Covered in the Report:
- North America Carpet and Rugs Market Size (FY’2024-FY’2033)
- Overview of North America Carpet and Rugs Market
- Segmentation of North America Carpet and Rugs Market By Type (Carpet, Rugs)
- Segmentation of North America Carpet and Rugs Market By Product (Flat-Weave, Hooked, Knotted, Needle-Punched, Tufted, Woven, Others)
- Segmentation of North America Carpet and Rugs Market By Raw Material (Natural Fiber, Synthetic Fiber)
- Segmentation of North America Carpet and Rugs Market By Application (Commercial, Residential)
- Statistical Snap of North America Carpet and Rugs Market
- Expansion Analysis of North America Carpet and Rugs Market
- Problems and Obstacles in North America Carpet and Rugs Market
- Competitive Landscape in the North America Carpet and Rugs Market
- Impact of COVID-19 and Demonetization on North America Carpet and Rugs Market
- Details on Current Investment in North America Carpet and Rugs Market
- Competitive Analysis of North America Carpet and Rugs Market
- Prominent Players in the North America Carpet and Rugs Market
- SWOT Analysis of North America Carpet and Rugs Market
- North America Carpet and Rugs Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Carpet and Rugs Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Carpet and Rugs Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Carpet and Rugs Market
7. North America Carpet and Rugs Market, By Type (USD Million) 2020-2033
7.1. North America Carpet and Rugs Market Size, Share and Forecast, By Type (2020-2026)
7.2. North America Carpet and Rugs Market Size, Share and Forecast, By Type (2027-2033)
7.3. Carpet
7.4. Rugs
8. North America Carpet and Rugs Market, By Product (USD Million) 2020-2033
8.1. North America Carpet and Rugs Market Size, Share and Forecast, By Product (2020-2026)
8.2. North America Carpet and Rugs Market Size, Share and Forecast, By Product (2027-2033)
8.3. Flat-Weave
8.4. Hooked
8.5. Knotted
8.6. Needle-Punched
8.7. Tufted
8.8. Woven
8.9. Others
9. North America Carpet and Rugs Market, By Raw Material (USD Million) 2020-2033
9.1. North America Carpet and Rugs Market Size, Share and Forecast, By Raw Material (2020-2026)
9.2. North America Carpet and Rugs Market Size, Share and Forecast, By Raw Material (2027-2033)
9.3. Natural Fiber
9.4. Synthetic Fiber
10. North America Carpet and Rugs Market, By Application (USD Million) 2020-2033
10.1. North America Carpet and Rugs Market Size, Share and Forecast, By Application (2020-2026)
10.2. North America Carpet and Rugs Market Size, Share and Forecast, By Application (2027-2033)
10.3. Commercial
10.4. Residential
11. North America Carpet and Rugs Market Forecast, 2020-2033 (USD Million)
11.1. North America Carpet and Rugs Market Size and Market Share
12. North America Carpet and Rugs Market, By Region, 2020-2033 (USD Million)
12.1. North America Carpet and Rugs Market Size and Market Share By Region (2020-2026)
12.2. North America Carpet and Rugs Market Size and Market Share By Region (2027-2033)
12.3. Canada
12.4. Mexico
12.5. U.S.
13. Company Profile
13.1. Amer Rugs
13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments
13.2. Axminster Carpets Ltd
13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments
13.3. Brintons Carpets Limited
13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments
13.4. Haima group
13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments
13.5. Interface, Inc
13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments
13.6. Mannington Mills, Inc
13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments
13.7. MOHAWK INDUSTRIES, INC
13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments
13.8. Oriental Weavers
13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments
13.9. Shaw Industries Group, Inc
13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments
13.10. Stevens Omni
13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments
13.11. Tarkett
13.11.1. Company details
13.11.2. Financial outlook
13.11.3. Product summary
13.11.4. Recent developments
13.12. The Dixie Group, Inc
13.12.1. Company details
13.12.2. Financial outlook
13.12.3. Product summary
13.12.4. Recent developments
13.13. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
