Rugged: US dollar depreciation and strong economic conditions will benefit the industry

The Carpet Mills industry is expected to grow over the five years to 2018, driven by rising demand from the industry's two key markets, residential and commercial customers. Within the residential market, gains in the number of housing starts and per capita disposable income levels have stimulated spending on home furnishing products, such as carpets and rugs. Similarly, growth in nonresidential construction activity and rising corporate profit has driven businesses' demand for carpets as a means of furnishing offices and other company-owned facilities; however, an appreciating dollar has intensified the penetration of competitively priced carpet imports into the domestic market. Over the five years to 2023, the industry is expected to accelerate revenue growth...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • Growth in nonresidential construction activity and corporate profit has driven businesses’ demand for carpets
  • Profit margins have been propped up by declining prices of key inputs such as synthetic fibers
  • The private nonresidential construction market is anticipated to sustain industry growth
  • Industry Report - Industry Key Buyers Chapter

    The Carpet Mills industry in the US exhibits a moderate level of market share concentration. The four largest companies in this industry are expected to account for 53.1% of industry revenue in 2018. This moderate concentration level reflects a fragmented market that has a mix of a few large companies and many small industry operators specializing in higher valued-added carpets and rugs. In fact, an estimated 56.7% of all industry establishments operate with less than 20 workers. Conversely, a mere 7.0% of industry establishments employ 500 workers or more. The industry's market share concentration is expected to have declined slightly over the five years to 2018, as smaller industry operators have increasingly catered to niche markets, limiting the growth prospects of larger companies. Add...purchase to read more.

    Additional Insights for the Carpet Mills Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Carpet Mills Industry are

  • Proximity to key suppliers
  • Establishment of export markets
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Private spending on home improvements and Housing starts in the Carpet Mills industry impact industry performance..

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    What's in this report

    What is the Carpet Mills Industry?

    The Carpet Mills industry manufactures and finishes carpets and rugs for the domestic, commercial and industrial sectors. These products are generally woven or tufted and made from nylon or other synthetic materials. Although the majority of consumers use most carpets and rugs as final goods, some of the industry’s consumers use industry products as intermediate inputs in the production of a variety of goods, such as automobiles and boats.

    Industry Products
  • Woven carpets and rugs
  • Washable scatter rugs, bathmats and sets
  • Roll carpet and rug goods
  • Automobile and aircraft carpet and rugs
  • Modular carpet and rug tile
  • Revenue from finishing
  • Industry Activities
  • Carpet
  • Rug
  • Carpet finishing
  • Rug finishing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private spending on home improvements
  • Housing starts
  • Per capita disposable income
  • Corporate profit
  • Trade-weighted index
  • Price of synthetic fiber

  • Current Performance
  • Rising residential market demand
  • Rising commercial market demand
  • Industry profit growth
  • Establishments decline, wages rise
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Sustained demand from residential and commercial markets
  • International trade
  • Industry participation
  • Table: Carpet Mills Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Carpet Mills Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Car & Automobile Manufacturing
  • SUV & Light Truck Manufacturing
  • Truck & Bus Manufacturing
  • Home Furnishing Wholesaling
  • Floor Covering Stores
  • Home Furnishings Stores
  • Commercial Building Construction
  • Municipal Building Construction

  • Key Selling Industries
  • Dye & Pigment Manufacturing
  • Semiconductor Machinery Manufacturing
  • Synthetic Fiber Manufacturing
  • Textile Mills

  • Products & Services
  • Roll carpet and rug goods
  • Automobile and aircraft carpet and rugs
  • Modular carpet and rug tile
  • Revenue from finishing
  • Washable scatter rugs, bathmats and sets
  • Woven carpets and rugs
  • Other
  • Chart: Carpet Mills Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential replacement
  • Office and corporate commercial construction
  • Exports
  • Non-office commercial construction
  • New residential construction
  • Chart: Major Market Segmentation for the Carpet Mills Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Carpet Mills

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Carpet Mills Industry

  • Industry Globalization
    Shaw Industries Group Inc., Mohawk Industries Inc., Engineered Floors LLC,
  • Table: Shaw Industries Group Inc. - financial performance
  • Table: Mohawk Industries Inc. - financial performance
  • Table: Engineered Floors LLC - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Carpet Mills Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Carpet Mills Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Housing Starts (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Outsource
  • To procure goods or services under contract with an outside supplier.
  • Research And Development (R&D)
  • Creative work undertaken by a company in order to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one.
  • Underwater Mortgage
  • A home purchase loan with a higher balance than the free-market value of the home.
  • What Our Customers Say

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    This report on Carpet Mills:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
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    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Carpet Mills market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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