Forecast of Global Rugs and Carpets Market 2023

Global Rugs and Carpets market will register a 2.6% CAGR in terms of revenue, reach US$ 24700 million by 2023, from US$ 21200 million in 2017. Rugs and Carpets are textile floor covering consisting of an upper layer of pile attached to a backing. The pile is generally either made from wool or fibers such as polypropylene, nylon or polyester and usually consists of twisted tufts which are often heat-treated to maintain their structure.