Carpet & Rug Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 1/29/2024
SIC Codes: 2273
NAICS Codes: 31411
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
View Full Sample Add To Cart

Excerpt from Carpet & Rug Manufacturing Industry Profile

Companies in this industry manufacture woven, tufted, and other types of rugs and carpet using natural and synthetic fibers. Major companies include Engineered Floors, Interface, Mohawk Industries, and Shaw Industries (all based in the US), along with Balta (Belgium), Oriental Weavers (Egypt), and Suminoe Textile (Japan).

The global carpets and rugs market is forecast to reach about $120 billion by 2030, at a compound annual growth rate (CAGR) of 5.5% between 2022 and 2023, according to Custom Market Insights. Apart from US and China, the other noteworthy geographic markets in this projected period are Japan and Canada.

The US carpet and rug manufacturing industry includes about 250 establishments (single-location companies and units of multi-location companies) with annual revenue of about $10 billion.

COMPETITIVE LANDSCAPE

Demand for carpeting depends on residential and commercial real estate construction and home sales, which can be cyclical. With many costs fixed, profitability of individual companies depends on their volume of business. Large companies enjoy significant economies of scale in manufacturing and distribution. The US industry is highly concentrated: the 50 largest companies account for over 95% of revenue.

Competition comes from providers of other types of floor coverings, including hardwood and ceramic tile. Many carpet manufacturers have expanded into noncarpet flooring products.

PRODUCTS, OPERATIONS & TECHNOLOGY

Most carpeting is made on large tufting machines that use rows of needles to sew loops of nylon thread into a latex backing. The loops are cut ...

 
View Full Sample Add To Cart Return to the Industry Profile Menu

Related Profiles

Here are a few profiles related to Carpet & Rug Manufacturing that you also might be interested in viewing:

Would you or your company benefit from having unlimited access to First Research's industry intelligence tools?

Learn More About Subscription Options