Carpet Market - India
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5% (2024-2032)
The carpet industry in India is driven by rich craftsmanship, diverse designs, and increasing export demand. According to the latest report by IMARC Group, the market is projected to exhibit a growth rate (CAGR) of 5% during 2024-2032.
India Carpet Market Trends and Drivers:
Rich Heritage and Skilled Workforce
Longstanding tradition of carpet weaving.
India is a leading manufacturer and exporter of carpets.
Global Demand Surge
Increased international interest in handmade, high-quality carpets.
Key markets include the US, Europe, and the Middle East.
Rising Domestic Demand
Growing disposable incomes among consumers.
Increasing interest in luxury home décor.
Shift Towards Sustainability
Adoption of eco-friendly and sustainable materials.
Use of natural fibers like wool, silk, and jute.
Eco-friendly dyes to attract environmentally conscious consumers.
Innovations in Design and Production
Development of machine-made carpets that replicate hand-woven designs.
Enhancements in production techniques.
Government Support and Market Access
Initiatives to promote the Indian handicraft sector.
Participation in global trade fairs.
E-Commerce Growth
Rise of online platforms facilitating easier access to carpets.
Enhanced demand for diverse carpet options domestically and internationally.
Future Outlook
Continued focus on quality and sustainability.
Significant growth expected in the Indian carpet market in the coming years.
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India Carpet Industry Segmentation:
The report has segmented the market into the following categories:
Material Insights:
Nylon
Olefin
Polyester
Others
Price Point Insights:
Economy
Luxury
Sales Channel Insights:
Supermarkets and Hypermarkets
Specialty Stores
Online Stores
End User Insights:
Residential
Commercial
Regional Insights:
South India
North India
West and Central India
East India
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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