Global carpet markets forecast to be worth $40.2 billion by 2027

A report by MarketGlass Research reveals that the worldwide carpet market was worth US$32 million in 2020 and is expected to grow to be worth $40.2 billion in 2027.

Carpet manufacturers face fierce competition from hard surface flooring manufacturers. There are several reasons why there is a continuing high demand for carpets. In many countries, there has been an increase in construction activity. In commercial buildings, carpets are still regarded as a quality floor covering by businesses.

Carpets are visually appealing and available in both traditional and contemporary designs. Innovation helps drive the carpet market. Manufacturers have developed carpets that are long lasting, stain-resistant and easier to keep clean. Self-cleaning carpets have been created that require little maintenance. Waterproof and pet-friendly carpets are also available.

In Europe, carpets are mainly produced by machines. However, in Asia, hand woven carpets dominate the market.

Manufacturers have made improvements that make carpets more environmentally friendly, with many carpets fully recyclable. Wool carpets are made from natural sustainable materials.

Carpets are a two-dimensional floor covering, although optical illusion techniques create a sense of depth and deep textures,

There has been a significant increase in the high-end luxury carpet market in the residential sector. Carpet tiles are mainly used in commercial buildings, but many consumers are installing tiles in their homes.

Though there has been an increase in online sales, carpets in Cheshire and Wirral homes are usually bought from local carpet retailers.