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Global Database of the Top Carpet and Rug Mills - Company Names, Financial Performance, Key Executives, and Contact Details By True Market Research

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Global Database of the Top Carpet and Rug Mills - Company Names, Financial Performance, Key Executives, and Contact Details By True Market Research

Global demand for woven carpets and rugs is forecast to expand 9.8% p.a. between 2014 – 2018. Azerbaijan, Greece, Morocco, Turkey, and the United States are considered the highest potential markets in the coming years.

According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global woven carpet and rug industry is forecast to reach 9.8% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 4.0%. Currently, woven carpets and rugs of man-made materials cover the largest part of the world market accounting for 56.1% of the demand while the remaining market share is divided between carpets and rugs of fine animal hair and wool (18.3%), hand made carpets and rugs (5.6%), coconut fibre (coir) carpets and rugs (2.0%), and other woven carpets and rugs (18.2%).

China, Japan, Turkey, the United Kingdom, and the United States represent the largest woven carpet and rug markets while the strongest annual growth is forecast to occur in Morocco (19.0%), Greece (18.5%), Azerbaijan (18.4%), Estonia (16.7%), and Kyrgyzstan (16.3%). Woven carpet and rug market size compared to market growth in different countries

Based on in-house analysis and an advanced model which takes into consideration the actual market size, trends, forecast market growth, and changes in the market environment, Global Research and Data Services calculates the Market Potential Rates, the predicted market potential of the country in the coming years. The larger the Market Potential Rate, the more potential the market has in the coming years; and conversely, the smaller the rate, the less potential the market is considered to have in the future. Based on these Market Potential...
Global Database of the Top Carpet and Rug Mills -
Company Names, Financial Performance, Key
Executives, and Contact Details
By True Market Research
Global demand for woven carpets and rugs is forecast to expand 9.8% p.a. between
2014 – 2018. Azerbaijan, Greece, Morocco, Turkey, and the United States are
considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international
market research company, Global Research & Data Services, the expansion of the
global woven carpet and rug industry is forecast to reach 9.8% p.a. in the coming
years. Between 2007 and 2013 the market increased with an average annual
growth of 4.0%. Currently, woven carpets and rugs of man-made materials cover
the largest part of the world market accounting for 56.1% of the demand while the
remaining market share is divided between carpets and rugs of fine animal hair and
wool (18.3%), hand made carpets and rugs (5.6%), coconut fibre (coir) carpets and
rugs (2.0%), and other woven carpets and rugs (18.2%).
China, Japan, Turkey, the United Kingdom, and the United States represent the
largest woven carpet and rug markets while the strongest annual growth is forecast
to occur in Morocco (19.0%), Greece (18.5%), Azerbaijan (18.4%), Estonia (16.7%),
and Kyrgyzstan (16.3%).
Woven carpet and rug market size compared to market growth in different countries
Based on in-house analysis and an advanced model which takes into consideration
the actual market size, trends, forecast market growth, and changes in the market
environment, Global Research and Data Services calculates the Market Potential
Rates, the predicted market potential of the country in the coming years. The larger
the Market Potential Rate, the more potential the market has in the coming years;
and conversely, the smaller the rate, the less potential the market is considered to
have in the future. Based on these Market Potential Rates, the top 20 highest
potential woven carpet and rug markets in the coming years are:
Ranking Country Market Potential Rate
1. United States 0.97
2. Turkey 0.23
3. Morocco 0.21
4. Greece 0.19
5. Azerbaijan 0.18
6. Estonia 0.17
7. China 0.16
8. Kyrgyzstan 0.16
9. Belgium 0.15
10. Philippines 0.15
11. Germany 0.15
12. Bolivia 0.13