South Korea Needle Punched Carpet Market was valued at USD 0.9 Billion in 2022 and is projected to reach USD 1.6 Billion by 2030, growing at a CAGR of 8.1% from 2024 to 2030.
The South Korea Needle Punched Carpet Market is experiencing significant growth driven by an increasing demand across various industries, including automotive, commercial, and residential sectors. The application of needle-punched carpets has extended beyond traditional uses, becoming a preferred choice in applications requiring durability, versatility, and environmental sustainability. These carpets, which are created by mechanically entangling fibers using barbed needles, offer advantages like low maintenance, resistance to wear, and high performance, making them ideal for diverse environments.
In the automotive industry, the need for needle-punched carpets has surged as manufacturers seek cost-effective and long-lasting materials for vehicle interiors. These carpets are often used in floor mats and soundproofing, contributing to a quieter and more comfortable driving experience. With South Korea's robust automotive industry, the demand for durable, high-performance needle-punched carpets continues to rise.
Another major sector contributing to the growth of the needle-punched carpet market is the commercial space industry. Businesses, offices, and public facilities are increasingly adopting these carpets due to their excellent resistance to dirt, moisture, and high foot traffic. Needle-punched carpets are ideal for high-traffic areas as they maintain their appearance and functionality for extended periods, ensuring that businesses can invest in long-term solutions without frequent replacements.
Residential applications are also witnessing the benefits of needle-punched carpets. As more consumers seek sustainable, cost-effective, and easy-to-maintain flooring options, needle-punched carpets offer an ideal choice. They are available in a variety of colors, designs, and textures, catering to different tastes and preferences while ensuring durability and easy cleaning.
Moreover, the demand for needle-punched carpets in South Korea is being further fueled by an increasing emphasis on eco-friendly materials. As industries continue to focus on reducing their carbon footprint, needle-punched carpets made from recycled fibers and sustainable materials are gaining popularity, aligning with the global shift toward environmentally responsible practices.
With this growing demand, manufacturers and suppliers in the South Korean Needle Punched Carpet Market are focusing on enhancing the quality and versatility of their products to cater to various industry needs. As the market evolves, it is expected that innovation in design, durability, and environmental impact will play a significant role in shaping the future of needle-punched carpet applications across industries.
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Tarkett
Al Aqsa Carpets
Mohawk
Dixie Group
Oriental Weavers
Balta
TY Carpet
Jiangsu Kaili Carpet
Brintons
Interface
HUADE Group
Milliken
Dinarsu
Beaulieu
Dongsheng Carpet Group
Merinos
Shanhua Carpet
Shaw Industries
Haima Carpet
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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 South Korea Needle Punched Carpet Market
Nylon
Polyester
Polypropylene
Wool
Blends
Residential Use
Commercial Use
Industrial Use
Low Pile
Medium Pile
High Pile
Glue-Down Installation
Carpet Tiles
Stretch-in Installation
Direct Glue-Down Method
Homeowners
Property Developers
Architects and Designers
Facility Managers
Retailers
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Needle Punched 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. South Korea Needle Punched Carpet Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Needle Punched Carpet Market, By Type
6. South Korea Needle Punched Carpet Market, By Application
7. South Korea Needle Punched Carpet Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Needle Punched Carpet Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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