U.S. Carpet And Rug Market. Analysis And Forecast to 2025
Update: COVID-19 Impact
Carpet And Rug Market - U.S. Carpet Market Enjoys a Rebound
Early American carpet industry was struggling with the competition of imported goods. Initially it operated mainly on technologies borrowed from the United Kingdom, but its further development was based on southern crafts and local skills. Now the U.S. carpet industry accounts for almost half of production worldwide with about X percent of that manufactured in Georgia, where most of the plants are located. Carpet accounts for half of the total U.S. flooring market.
Quite recently, domestically made rugs met sluggish, almost stagnant demand. Imports, making up the largest market share, on the contrary, boosted. Local manufacturers shifted their focus to individual consumers, increasing the quality of composition and final product. Eventually, the rug sector advanced in sales, keeping the gain patterns upturned for the fourth straight year.
Several reasons ranging from thriving residential market sales to a relatively potent commercial sector allowed the carpet and rug industry to redeem itself in terms of both production and sales. The market rise was surprisingly continuing, and total volumes of carpet production were also creeping up. The improvement, however slow, was not previously observed for about a decade. This, along with other positive markers, indicated the industry's first steps toward recovery.
American carpet industry today is practically divided between several largest companies from Georgia, which is the center of the U.S. carpet production. As carpet and rug slipped in market share, said companies introduced other flooring-related products. Yet, carpets are still the preferred flooring solution for the majority of Americans.
China and India were the main suppliers on the carpet and rug market into the U.S., with a combined share of X% of total U.S. imports in 2014. However, the fastest growing suppliers were Turkey (+X% per year) and Pakistan (+X% per year) in total imports from 2007 to 2014. Turkey strengthened its position in the U.S. import structure, from X% in 2007 to X% in 2014.
In 2014, the main destinations of U.S. carpet and rug exports were Canada (X%) and, distantly, Mexico (X%). The share exported to Mexico increased (+X percentage points), while the share sent to Canada illustrated negative dynamics (-X percentage points). The shares of the other countries remained relatively stable throughout the analyzed period.
Do you want to know more about the U.S. carpet and rug market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- carpet and rug market share
- carpet and rug prices
- carpet and rug industry
- carpet and rug sales
- carpet and rug market forecast
- carpet and rug price forecast
- key carpet and rug producers
Source: IndexBox AI Platform
This report provides an in-depth analysis of the carpet and rug market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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