Carpets & Rugs - Singapore
Singapore- In Singapore, the revenue generated in the Carpets & Rugs market is estimated to reach US$83.95m in 2024.
- It is projected that the market will experience an annual growth rate of 3.61% (CAGR 2024-2029).
- When compared globally, United States leads in terms of revenue generation, with an estimated revenue of US$18bn in 2024.
- Taking into account the total population figures, the per person revenue in Singapore is expected to be US$13.87 in 2024.
- Singapore is experiencing a surge in demand for high-quality, sustainable carpets and rugs, driven by the growing emphasis on eco-friendly practices in the country.
- 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
