The global carpet floor mats market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The increasing exports of carpets are one of the factors driving the growth of the global carpet floor mats market. According to the data published by Indian Trade Portal, nearly 75.0- 85.0% of carpets manufactured in India are exported. India is responsible for around 40.0% of the global export of handmade carpets. Moreover, the exports of carpets from India had stood at $1.37 billion in 2020. The total carpet export accounted for $1.3 billion between April 2020 and February 2021. In addition, the carpet export in the month of February 2021 alone was $136.21 million. Furthermore, the Jammu & Kashmir (J&K) Government had launched a QR-code-based mechanism for certification and labeling of handmade carpets of J&K. As per the Governor of J&K, such new policies and decisions of the government are anticipated to take J&K’s carpet exports to $130 million by 2025. Thus, the rising exports of carpets are anticipated to fuel the demand for the global carpet floor mats market.
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The presence of exhibition centers, fairs, and others are anticipated to drive the growth of the global carpet floor market. For instance, India Carpet Expo is one of the handmade carpet fairs in Asia which serves as a unique platform for the buyers to source the carpets, rugs, and other floor coverings under one roof. The Curtain Raiser of India Carpet Expo was held on March 2022 by the Ministry of Textiles. This fair is held bi-annually with an aim to showcase the Cultural Heritage of Indian Handmade carpets and other floor coverings and promote the weaving skills of Indian weavers. The fair is sponsored by the Ministry of Commerce and Ministry of Textiles, Government of India. Approximately 300 exhibitors display handmade carpets mainly from areas such as Varanasi, Panipat, and Jaipur. In addition, 257 carpet importers mainly from Australia, Belgium, Mexico, and others registered their presence at the Indian carpet expo. Thus, such exhibitions and fairs are anticipated to fuel the demand for the global carpet floors market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Armstrong Flooring Inc., Bershire Hathaway, Inc. (Shaw Industries Group, Inc), Balta Group, and Mohawk Industries, Inc. among others
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Carpet Floor Mats Market Report by Segment
By Type
- Woven
- Needle Felt
- Knotted Tufted
- Others
By Application
- Commercial
- Residential
- Automotive & Transportation
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