Market Size of India Carpets and Rugs Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Carpets and Rugs Market Analysis
Carpets and rugs are widely used as decorative home flooring products in residential and commercial places in India. The main factors driving the demand of carpets and rugs market in India are urbanization, rising construction, rapid growth in base of the middle-class population, demand for well-equipped furniture houses, lifestyle changes, and increased spending on home furnishings and interiors. The country's growth is mainly driven by the demand for decorative and ornamental rugs rather than carpet flooring.
The rising construction industry is another major factor driving the growth of carpets and rugs in residential and non-residential segments. Carpets and rugs are mainly seen as materials that modify the structure of a place by adding comfort, warmth, and cushion to the place. Various kinds of rugs such as bedroom rugs, living room rugs, shag rugs, office rugs, wool rugs, braided rugs, and other flooring rugs are preferred in the market. Carpets made from new fibers like jute, linen, hemp, blended materials with the help of technologies are trending in the market. With an increase in concerns over environmental issues, consumers in the market are showing interest in carpets and rugs made up of recycled raw materials, waste, used an,d discarded products.
Carpets and Rugs Industry Segmentation
The report covers a complete background analysis of India's carpet and rugs market, including an assessment of the parental market, emerging trends in the segments and regional market, and significant changes in market dynamics and market overview. The report also offers qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across various key points in the value chain.
| By Type | |
| Tufted Carpets | |
| Woven Carpets | |
| Rugs |
| By Application | |
| Residential | |
| Commercial |
| By Distribution Channel | ||||
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| Online | ||||
| Other Distribution Channels |
India Carpets and Rugs Market Size Summary
The carpet industry in India is experiencing significant growth, driven by factors such as urbanization, increased construction activities, and a burgeoning middle-class population. This growth is particularly evident in the demand for decorative and ornamental rugs, which are preferred over traditional carpet flooring. The market is characterized by a diverse range of products, including bedroom, living room, shag, office, and wool rugs, with a growing interest in eco-friendly options made from recycled materials. The industry is also witnessing a shift towards carpets made from innovative fibers like jute, linen, and hemp, reflecting changing consumer preferences for sustainable and stylish home furnishings.
India holds a prominent position in the global carpet industry, being a leading producer of handmade carpets, which are highly valued for their quality, design, and durability. The country exports a significant portion of its production to over seventy countries, with major markets including the United States, Germany, and the United Kingdom. The Indian carpet industry is largely rural-based and labor-intensive, with a rich heritage in hand-knotted designs. However, the demand for tufted carpets is on the rise due to their affordability and ease of production. The market is highly competitive, with numerous manufacturers investing in technology and innovation to meet evolving consumer tastes and maintain their market position.
India Carpets and Rugs Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 PESTLE Analysis
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1.5 Value Chain Analysis
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1.6 Porter's Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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1.7 Insights on Consumer Purchasing Behaviour in the Market
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1.8 Insights on Impact of COVID-19 on the Market
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1.9 Insights on Exports and Imports Trends in the Market
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1.10 Insights on Government Regulations in the Market
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1.11 Insights on Technological Disruption in the Market
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1.12 Insights on Key Associations in the Market (Carpet Export Promotion Council)
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1.13 Insights on Key Carpet Producing States in India (Uttar Pradesh, Jammu & Kashmir, etc.)
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Tufted Carpets
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2.1.2 Woven Carpets
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2.1.3 Rugs
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Offline
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2.3.1.1 Contractors
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2.3.1.2 Retail
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2.3.2 Online
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2.3.3 Other Distribution Channels
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India Carpets and Rugs Market Size FAQs
What is the current India Carpets and Rugs Market size?
The India Carpets and Rugs Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in India Carpets and Rugs Market?
Saif Carpets Pvt Ltd, Genie Carpet Manufacturers, KarpetsbyRKS, Marwar Carpets International. and Bhadohi Carpets are the major companies operating in the India Carpets and Rugs Market.
