Carpet and Rug Market Report : Trends, Forecast and Competitive Analysis 1

Industry Profiles Snapshot Major ParameterDescription Market Segments by Product Type Woven, tufted, knotted, other Market Segments by End Use Type Residential, non-residential [healthcare, education, hospitality, retail, office, other], transportation Market Segments by Material Type Nylon, polyester, polypropylene, other Market Segments by Region North America, Europe, Asia Pacific and Rest of the World. Top Companies Name Mohawk Industries, Inc., Shaw Industries, Interface, Oriental Weavers Group, and Tarkett Trend Growth Rate and CAGR2.6% Key Industry Forecast The carpet and rug market is expected to reach an estimated $39.1 billion by 2021 and is forecast to grow at a CAGR of 2.6% by value from 2016 to 2021 Key Industry Driver Driver: Growth in construction and transportation industry and an increase in renovation activities. Consumers are moving towards bold attractive colors and non-geometrical designer patterns of carpet and rugs which also help to drive the demand in the market. 2

Industry Overview Market Size The carpet and rug market is expected to reach an estimated $39.1 billion by 2021 and is forecast to grow at a CAGR of 2.6% by value from 2016 to Emerging trends that have a direct impact on the dynamics of the carpet and rug industry include increasing acceptance of carpet tiles, increasing demand for eco-friendly carpet, and increasing preference of contemporary area rugs. Market Size (2021)$39.1 billion CAGR ( )2.6% 3 Industry Performance : Forecast