North America Carpet and Rugs Market Set to Grow to USD 26.97 Billion by 2033 with a CAGR of 6%: SPER Market Research

Rugs and carpets are textile floor coverings that add cosiness, warmth, and visual appeal to interior spaces. Rugs are smaller, movable pieces that cover particular regions, whereas carpets are usually wall-to-wall installations that cover a whole space. Natural fibres like wool, cotton, and silk as well as synthetic fibres like nylon, polyester, and acrylic are among the materials used to make them. Rugs and carpets have ornamental and practical uses, such as lowering noise levels, providing insulation, and giving a space visual texture. The desire for eco-friendly and sustainable materials, developments in production methods, and interior design trends are some of the drivers driving the worldwide carpet and rug market.

According to SPER Market Research, ‘North America Carpet and Rugs Market Size- By Type, By Product, By Raw Material, By Application- Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that North America Carpet and Rugs Market is estimated to reach USD 26.97 Billion by 2033 with a CAGR of 6%.

North America's carpet and rug market is growing as a result of ongoing urbanisation and globalisation trends. The market is experiencing a discernible increase in demand as a result of the growing interest in interior design and aesthetics in commercial spaces. This increase in demand has several causes, and these factors are expected to fuel the market's growth in the years to come. Reusability and recycling are also expected to be important drivers driving the market. As knowledge of sustainability and the circular economy increases, it is becoming increasingly necessary to make carpets more environmentally friendly and extend their lifetimes through recycling and reuse. The industry is also growing as a result of advancements in production techniques, such as sustainable fibres and eco-friendly dyes.

Variations in the price of raw materials provide a big problem. The flooring industry's profitability has been impacted by challenges from rising raw material and transportation prices. Another significant obstacle to market expansion is the high cost of carpet and rug maintenance. First of all, to maintain their look and usefulness, carpets and rugs need to be cleaned and maintained on a regular basis. Commercial buildings and residences with kids and pets require more upkeep than other types of dwellings. Some customers may decide not to invest in the North American carpet and rug market because of this recurring cost. Second, customers are reluctant to spend money on high-end carpet and rug items since maintenance supplies and services might differ greatly in price.

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The North American carpet and rug industry was significantly impacted by the COVID-19 pandemic, which caused disruptions in supply chains, manufacturing, and consumer demand. Consumer expenditure on furniture and other non-essential items decreased as a result of lockdown procedures and economic uncertainty. Sales reductions were exacerbated by building project limits and retail closures. However, greater time spent at home and the shift to remote work increased demand for home renovation projects like buying carpet and rugs. Recovery depends on consumer confidence being restored and the economy stabilising. The need for long-lasting, easily cleaned carpet and rug materials has also increased due to a greater emphasis on cleanliness and hygiene.

The U.S. dominated the North American carpets and Rugs Market. Some of the key players are - Amer Rugs, Axminster Carpets Ltd., Brintons Carpets Limited, Haima group, Interface.

Our in-depth analysis of the North America Carpet and Rugs Market includes the following segments: