Global Carpets (Wall-to-Wall) Market to Reach US$19.9 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Carpets (Wall-to-Wall) market. The global market for Carpets (Wall-to-Wall) is forecast to reach US$19.9 billion by the year 2015. Sustained growth in non-residential building construction, continuous industrialization in developing regions globally and ergonomic benefits of carpets will drive future growth in the market.

Carpets (Wall-to-Wall): A Global Strategic Business Report

In the present scenario, the role of carpets in interior decoration of business establishments and houses has significantly increased. Carpets industry is increasingly leveraging the ergonomic benefits provided by carpets such as decreased fatigue while standing/walking, increased safety by lowered falls and injuries among others. This guided choice for floor covering is emerging as the main propellant for the industry’s sales. The survival and growth of the carpet industry is largely dependent on factors such as availability of skilled workers and raw materials, accessibility to capital, understanding of conventional weaving patterns, marketability and competition among others.

The major participants in the handmade carpet industry include Pakistan, Afghanistan, India, China, England, France, Russia, the US and Persian countries. Emerging economies such Asia-Pacific, Middle East and Latin America gain leverage due to efficient capacity utilizations, cheap and abundant labor and lower costs among others. This ensures that regions such as India and China have the capability to produce exquisite handmade carpets of superior quality, fetching a high international price. The Afghanistan carpet weaving industry lags behind the emerging countries on account of cost differentials. There is intense competition in the handmade carpet market, with good quality machine made carpets rapidly gaining ground. The competitive scenario is leading to lower prices and devaluation of traditional hand made carpet markets.

The year 2009 represented a challenging year for the global carpet market on account of general recession worldwide, and specifically due to decline in housing and commercial sector and low confidence and spending levels of consumers. In addition, rising competition from other floor covering types such as parquet and vinyl coverings, and changing aesthetic preferences of home/office owners further added to the woes of the carpet industry. The recession also severely affected carpet exports and general well being of the weavers. The industry's mechanization and automation processes rendered a large number of artisans unemployed and dependent on market vagaries.

The US continues to rule as the largest market worldwide, as stated by the new market research report on Carpets (Wall-to-Wall). The region is trailed by Europe and Asia-Pacific at second and third positions respectively. In terms of fastest growing region, Asia-Pacific, driven by India and China is positioned to take the lead through 2015. Woven and tufted carpet types are two major product categorizations in the global market. The tufted carpet segment constitutes the largest category, accounting for a lion’s share of the market. The segment commands the leading position primarily on the strength of ease of manufacturing, comparable design features and low costs. On the other hand, the woven carpet segment is forecast to drive future growth in the industry. Major attractions of woven carpets include rich color palette, intricate patterning and design flexibility among others.

Major market participants in the global Carpets (Wall-to-Wall) market include Allied Carpets Group, Beaulieu of America, Costikyan Carpets, Interface, Inc., Mohawk Industries, Monticello Floors, Shaw Industries, Inc, Shaw Living and Victoria Carpets Pty. Ltd.

The report titled “Carpets (Wall-to-Wall): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of industry overview, market trends, outlook, product overview, recent industry activity, and profiles of market players worldwide. Analysis and overview is presented for major geographic markets such as US, Canada, Japan, Europe, Asia-Pacific, Latin America and Middle East. Market analytics are provided in terms of terms of dollar (value) for product segments including Woven, Tufted and Others. The study also presents historic data for an insight into market evolution over the period 2000 through 2006.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Carpets_Wall_to_Wall_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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