Carpets & Rugs - Eastern Asia
Eastern Asia- In 2024, the Carpets & Rugs market in Eastern Asia is projected to generate revenue of US$6.24bn.
- This market is anticipated to experience a yearly growth rate of 5.64% (CAGR 2024-2029).
- Comparing globally, United States leads in revenue generation with US$18bn in 2024.
- When considering the population, per capita revenues of US$3.82 are expected to be generated in 2024.
- Despite the growing popularity of modern interior design in Eastern Asia, traditional handmade carpets and rugs still hold a significant market share in countries like China and Japan.
- Key regions:
- Canada,
- France,
- China,
- Brazil,
- United States
Definition:
Carpets and rugs function, first and foremost, as furniture that adds color to a room and provides a decorative effect as well as making a floor more comfortable. They can be produced with a wide range of different materials, which means that there are a lot of choices when it comes to the product. This segment includes materials such as knotted, tufted, woven carpets, rugs, and needlefelt textile floor coverings.
Additional Information:
The Carpets & Rugs subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.
In-Scope
- Knotted carpets
- Tufted carpets
- Woven carpets
- Rugs
- Needlefelt textile
Out-Of-Scope
- Parquet panels
- Wood blocks, strips, and friezes
