Carpets & Rugs - G7
G7- In 2024, the Carpets & Rugs market in G7 countries is projected to generate a revenue of US$29.34bn.
- It is anticipated that this market will experience an annual growth rate of 3.01% (CAGR 2024-2029).
- Among the G7 nations, United States leads the way in terms of revenue generation, with a projected revenue of US$18bn in 2024.
- When considering the population size of each country, the per person revenue in the Carpets & Rugs market is estimated to be US$37.70 in 2024.
- In the United States, the demand for high-quality handmade Persian rugs has been steadily increasing among affluent consumers.
- 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
