Cut and Loop Pile Carpet Market was valued at USD 4.5 Billion in 2022 and is projected to reach USD 6.8 Billion by 2030, growing at a CAGR of 6.9% from 2024 to 2030.
The global cut and loop pile carpet market was valued at approximately USD 7.5 billion in 2022. This market is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. The growth trajectory is driven by increasing consumer preference for aesthetically versatile and durable flooring options. The diverse applications of cut and loop pile carpets, ranging from residential to commercial spaces, contribute to this positive outlook. As urbanization accelerates and disposable incomes rise, there is a growing demand for high-quality flooring solutions, further supporting market expansion.
Opportunities in the cut and loop pile carpet market are being bolstered by innovations in carpet manufacturing and design, including advancements in sustainability and eco-friendly materials. The emerging markets, particularly in regions such as Asia-Pacific, are witnessing significant growth due to rapid urban development and rising standards of living. This trend creates a fertile ground for market players to introduce new products and capture a larger market share. The market is also benefiting from increased remodeling activities and an emphasis on enhancing the aesthetic appeal of residential and commercial spaces.
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Shaw Industries Group
Mohawk
Beaulieu
Balta Carpets
Tarkett
The Dixie Group
Milliken
Associated Weavers
Ege Carpets
Phenix Flooring
Shaw Industries Group
Oriental Weavers Carpet
Standard Carpets
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Cut and Loop Pile Carpet Market
Home Use
Hotel & Theater
Malls
Office & Workspace
Others
Based on Types the Market is categorized into Below types that held the largest Cut and Loop Pile Carpet market share In 2023.
Nylon
Wool
Polyester
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Cut and Loop Pile Carpet Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Cut and Loop Pile Carpet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Cut and Loop Pile Carpet Market, By Type
6. Global Cut and Loop Pile Carpet Market, By Application
7. Global Cut and Loop Pile Carpet Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Cut and Loop Pile Carpet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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