Global demand for carpets and rugs is forecast to expand 4.1% p.a. between 2015 and 2019. China, Egypt, Japan, the United Kingdom 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 carpet and rug industry is forecast to reach 3.8% p.a. in the coming years. Between 2008 and 2014 the market increased with an average annual growth of 3.8%. Currently, tufted carpets and rugs account for 50.1% of the global demand while the remaining market share is divided between woven carpets and rugs (25.7%), knotted carpets and rugs (10.0%) and other carpets and rugs (14.2%).

China, Germany, Japan, the United Kingdom and the United States represent the largest carpet and rug markets while the strongest annual growth is forecast to occur in Bolivia (8.7%), Vietnam (7.2%), Sri Lanka (7.0%), South Korea (6.8%) and Kyrgyzstan (6.4%).

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, Publisher 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 carpet and rug markets in the coming years are:

The market information is based on new industry data reports recently published by Global Research & Data Services. The reports offer the most up-to-date industry data on the actual market situation, trends, and future outlook for carpets and rugs in the world and individually for the following countries:

Argentina, Armenia, Australia, Austria, Azerbaijan, Bangladesh, Belgium, Bolivia, Bulgaria, Canada, China, Colombia, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Germany, Greece, Hungary, Indonesia, Iran, Ireland, Italy, Japan, Jordan, Kazakhstan, Kyrgyzstan, Lebanon, Lithuania, Macedonia, Malaysia, Mexico, Moldova, Mongolia, Morocco, Netherlands, Nigeria, Norway, Oman, Peru, Philippines, Poland, Portugal, Romania, Senegal, Slovakia, Slovenia, South Africa, South Korea, Spain, Sri Lanka, Sweden, Thailand, Turkey, Ukraine, United Kingdom, United States, Vietnam, Yemen

The reports include historic data from 2008 to 2014 and forecasts until 2019 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible and clearly presented tables and graphs.

The reports help answer the following questions:

- What is the current size of the carpet and rug market in the world and in different countries?
- How is the carpet and rug market divided into different product segments?
- How are the overall market and different product segments growing?
- How is the market predicted to develop in the future?
- What is the market potential compared to other countries?

The latest industry data included in these reports:

- Overall carpet and rug market size, 2008-2019
- Carpet and rug market size by product segment, 2008-2019
- Growth rates of the overall market and different product segments, 2008-2019
- Shares of different product segments of the overall market, 2008, 2014 and 2019
- Market potential rates of the overall market and different product segments

The market data is given for the following product segments:

Knotted carpets and rugs
Tufted carpets and rugs
Woven carpets and rugs
Other carpets and rugs