The report "Carpets & Rugs Market by Type (Tufted, Woven, Needle-punched,
Knotted), Material (Nylon, Polyester, Polypropylene), End-use Sector (Residential,
Non-residential, Automotive & Transportation), and Region - Global Forecast to
2022", The carpets & rugs market size is projected to grow from USD 91.60 Billion in 2017
to reach USD 112.69 Billion by 2022, at a CAGR of 4.2%.
Browse 156 market data tables and 33 figures spread through 193 pages and in-depth TOC on
"Carpets & Rugs Market"
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Tufted segment, by type, to gain maximum share during the forecast period
The tufted segment is estimated to account for the largest share by 2022, mainly because
new residential construction and commercial projects are increasingly adopting tufted
carpets & rugs. Carpets are lucrative for several reasons such as aesthetic enhancement,
improvement of indoor air quality, and noise reduction. Due to the technological
advancements, the majority of carpets are made from the recycled fiber. The high demand
and rapid growth of this type of carpet are supported by its easy and quick manufacturing
process, coupled with reasonable pricing. In addition, tufting is suitable for all types of
fibers and yarns and can be made in a variety of finishes. The growing construction
industry also provides an opportunity to the market to grow further of the market.