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Comfort, Craft & Commerce: Bedding the Future of Home Textiles

Unravel the layers of innovation in home furnishing textile through our in-depth features and global trade insights. From bedding textile exports to smart carpets with embedded sensors, this issue captures how home textile suppliers are adapting to modern lifestyles and greener manufacturing.

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Comfort, Craft & Commerce: Bedding the Future of Home Textiles

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  1. FEBRUARY 2025 Plus: Online Version www.getmytbd.com Focus Product Carpet Carpet Carpet Scan to Download TBD Mobile App

  2. Editor’s Foreword Carpets, more than mere floor coverings, are foundational elements of interior design, offering a blend of aesthetics, comfort, and functionality that has captivated civilizations for millennia. From the opulent hand-knotted masterpieces of ancient Persia to the mass-produced, stain-resistant marvels of today, carpets have continuously adapted to changing needs and tastes. Publisher UNIFIED KNOWLEDGE SERVICES PVT. LTD. Sixth floor, C 56/16, Sector 62,Noida, Uttar Pradesh 201309, INDIA Email : info@uksl.co.in website: www.uksl.in The modern carpet industry presents a vast array of products, categorized primarily by their fiber type (such as wool, nylon, polyester, and polypropylene) and construction (including tufted, woven, and needle-punched). These diverse types cater to a multitude of uses, from adding warmth and sound insulation to residential spaces to withstanding heavy foot traffic in commercial environments. The benefits of carpets extend beyond their visual appeal; they improve indoor air quality by trapping allergens, provide a soft and safe surface that reduces slips and falls, and contribute to thermal comfort by retaining heat. Ravi B. Arora CEO Rashi Arora Director Innovation remains a cornerstone of the carpet industry. Latest advancements include enhanced stain and water resistance, antimicrobial treatments, and the integration of smart technologies like temperature-regulating fibers. Customer trends are also in constant flux, with a growing demand for sustainable and eco- friendly options, personalized designs, and carpets that offer acoustic benefits in increasingly open-plan living and working spaces. Kumar Abhishek Director Alok Satyadev Editor in Chief Imran Ahmad Database Administrator Maninder Singh Sr. Visual & Graphic Designer The global carpet market is dynamic, with established domestic markets in regions like North America and Europe, and burgeoning international markets in Asia-Pacific and the Middle East, fueled by rapid urbanization and construction activities. This global landscape is increasingly influenced by technological advancements in manufacturing processes, leading to greater efficiency and design possibilities. Neha Arya Visual & Graphic Designer Sonam Gupta Research Analyst Shubham Jaiswal Research Analyst However, this progress is also intertwined with growing environmental concerns. The industry is responding by focusing on sustainable practices, including the use of recycled and renewable materials, reducing waste, and developing carpets with lower volatile organic compound (VOC) emissions, striving to balance aesthetic appeal and functional performance with ecological responsibility for a greener future. Surbhi Garg Sr. Manager (Events) Advisors: Dr. S.M. Ishtiaque Prof. I.I.T Delhi Mr. Ashok Juneja Ex President, TAI In this edition of Home Textile dedicated to Carpets, we have tried to deliberate upon the underlying products and innovations, global markets analysis and technological advancements. Happy reading… Mr. Gurudas Aras Independent Director & Strategic Advisors Mr. Sharad Tandon CEO, Standon Consulting

  3. Contents 04 Focus Product: Carpet COMMERCIAL CARPETS 04 RESIDENTIAL CARPETS 06 CARPETS IN DAILY LIFE EPITOME OF COMFORT AND STYLE 10 GLOBAL MARKET ANALYSIS COMMERCIAL CARPET MARKET WATCH UNITED STATES CHINA GERMANY 44 48 49 50 14 Market Analysis: Carpet INDIAN CARPETS & RUGS MARKET ANALYSIS 52 54 Technology Junction ECONYL: REVOLUTIONIZING CARPET MANUFACTURING LATEST TECHNOLOGIES IN CARPET MANUFACTURING SNAPSHOT: GLOBAL TRADE WOVEN CARPETS 14 GLOBAL IMPORTS TRENDS 15 GLOBAL EXPORTS TRENDS 17 INDIAN EXPORTS OF WOVEN CARPET 19 MARKET WATCH UNITED STATES OF AMERICA GERMANY 24 UNITED KINGDOM 26 54 58 22 61 State at Glance MAHARASHTRA 61 SNAPSHOT: GLOBAL TRADE TUFTED CARPETS 28 GLOBAL IMPORTS TRENDS GLOBAL EXPORTS TRENDS INDIAN EXPORTS OF TUFTED CARPET MARKET WATCH UNITED STATES OF AMERICA GERMANY 38 UNITED KINGDOM 29 31 33 36 40

  4. Focus Product COMMERCIAL CARPETS COMMERCIAL CARPETS COMMERCIAL CARPETS COMMERCIAL CARPETS A PERFECT BLEND OF AESTHETICS A PERFECT BLEND OF AESTHETICS A PERFECT BLEND OF AESTHETICS A PERFECT BLEND OF AESTHETICS AND FUNCTIONALITY AND FUNCTIONALITY AND FUNCTIONALITY AND FUNCTIONALITY Commercial carpets play a pivotal role in defining the character and functionality of modern interiors. Be it an office, a hotel, or a retail space, these carpets serve more than just an aesthetic purpose—they enhance acoustics, improve air quality, and offer unparalleled durability. Among the most popular options in the commercial carpet segment are carpet tiles and broadloom carpets. Each type brings its unique advantages and charm, making them the go-to solutions for diverse needs. Commercial carpets play a pivotal role in defining the character and functionality of modern interiors. Be it an office, a hotel, or a retail space, these carpets serve more than just an aesthetic purpose—they enhance acoustics, improve air quality, and offer unparalleled durability. Among the most popular options in the commercial carpet segment are carpet tiles and broadloom carpets. Each type brings its unique advantages and charm, making them the go-to solutions for diverse needs. •Carpet tiles are incredibly easy to install. Their modular nature means you can replace a single tile if it gets stained or damaged, rather than replacing the entire carpet. This saves both time and cost. Easy Installation and Replacement •With an array of colors, patterns, and textures, carpet tiles allow for endless design possibilities. Create unique layouts by mixing and matching tiles, or use them to highlight specific zones in a space. Design Flexibility •Made to withstand heavy foot traffic, carpet tiles are an excellent choice for bustling commercial environments like offices, airports, and conference halls. Durability •Many manufacturers produce carpet tiles using recycled materials. Moreover, their modular nature reduces waste during installation, making them an eco-friendly option. Sustainability 4

  5. Focus Product Carpet tiles are widely used in corporate offices, educational institutions, and healthcare facilities. Their practicality, combined with aesthetic appeal, makes them an ideal choice for spaces requiring frequent reconfiguration or easy maintenance. Broadloom Carpets Broadloom carpets, also known as wall-to-wall carpets, are woven in large rolls and cover expansive areas seamlessly. They exude luxury and sophistication, making them a favorite for high-end commercial spaces.Advantages of Broadloom Carpets: •Broadloom carpets create a unified, luxurious look, free from visible seams or joints, which is perfect for creating a polished aesthetic. Seamless Appearance •These carpets offer a plush and cushioned feel, enhancing comfort in spaces like hotels, lounges, and upscale offices. Soft Underfoot Feel •Broadloom carpets are excellent at absorbing sound, making them an ideal choice for theaters, conference rooms, and libraries where noise reduction is crucial. Acoustic Benefits •From intricate patterns to rich textures, broadloom carpets offer extensive design options to suit any decor style. Wide Range of Styles Broadloom carpets are frequently used in hospitality settings, such as hotels and resorts, where luxury and comfort are paramount. They are also popular in corporate boardrooms and retail spaces that aim to impress. Innovations in Commercial Carpeting The commercial carpet industry is continually evolving, with manufacturers focusing on sustainability and advanced technology. Innovations include: Recycled Materials: Many carpets are now made from recycled nylon or PET, contributing to sustainable building practices. Stain-Resistant Treatments: Advanced treatments ensure carpets resist stains and spills, making maintenance even more manageable. Smart Carpets: Embedded with sensors, these carpets can monitor foot traffic, enhancing space utilization and safety. 5

  6. Focus Product RESIDENTIAL CARPETS RESIDENTIAL CARPETS RESIDENTIAL CARPETS RESIDENTIAL CARPETS BRINGING TRADITION, COMFORT BRINGING TRADITION, COMFORT & INNOVATION TO HOME & INNOVATION TO HOME Carpets are not merely functional objects in our homes; they are a testament to human creativity, culture, and craftsmanship. They have evolved from ancient woven materials into modern-day masterpieces that enhance both the beauty and comfort of our living spaces. From the intricate designs of Persian rugs to the sleek and minimalist floor coverings of contemporary interiors, carpets and rugs have firmly established themselves as an essential part of our daily lives. Uses of Carpets •Carpets provide a soft, comfortable surface for walking and sitting, adding warmth and texture to any room. Floor Covering •Carpets reduce the risk of slips and falls, especially in areas with high foot traffic, by providing a cushioned surface. Safety •Small carpets or rugs serve as decorative pieces, accentuating furniture or adding a pop of color in a room. Area Rugs for Decoration •Carpets offer a soft surface, providing comfort for people who spend long hours standing, sitting, or playing on the floor, especially in children’s play areas. Comfort 6

  7. Focus Product Flooring Carpets: A Foundation of Comfort and Style Flooring carpets have long been a popular choice for homeowners seeking warmth, comfort, and aesthetic appeal. These versatile floor coverings can be found in various materials, colors, and designs, allowing them to seamlessly fit into different interior styles. Whether you are walking barefoot on a plush surface or resting your feet after a long day, carpeting creates a soft, inviting atmosphere. In addition to their comfort, flooring carpets offer excellent sound absorption and thermal insulation, making them an ideal choice for spaces where noise control or temperature regulation is important. Carpets help reduce the noise from footsteps, conversations, and other sounds, creating a quieter, more peaceful environment. Their insulating properties also trap heat, making rooms feel warmer in winter and cooler in summer. Flooring carpets come in a variety of styles, from traditional woven patterns to contemporary designs. The choice of material is just as diverse, with options ranging from luxurious wool to synthetic fibers like nylon and polyester. Wool carpets, for example, are known for their durability, stain resistance, and natural beauty. Synthetic options, on the other hand, offer affordability and a wide range of design possibilities. Carpets & Rugs: The Artistic Touch in Home Décor While flooring carpets serve as the foundation of comfort and function, carpets and rugs are often the focal points of home décor. Whether placed in the living room, bedroom, or hallway, these textiles add texture, color, and style to any space. From bold geometric patterns to intricate floral designs, carpets and rugs are available in countless styles, each reflecting different cultural influences and artistic movements. One of the most remarkable features of carpets and rugs is their ability to instantly transform a room. A well-chosen rug can anchor the space, creating a sense of balance and unity. It can also add warmth and personality to a room, serving as a canvas for showcasing your unique sense of style. Modern rugs, for example, incorporate abstract designs and vibrant colors, which help create a dynamic atmosphere in contemporary interiors. Traditional rugs, like Persian or Oriental styles, carry rich cultural heritage and intricate craftsmanship, often becoming heirlooms passed down through generations. Technology and Innovation in Modern Carpets Stain-Resistant Treatments 3D Printing Technology Sustainable Materials •Advanced stain- repellent technologies that make carpets easier to clean, more durable, and resistant to everyday spills and stains. •Use of eco-friendly and recyclable materials like recycled plastic bottles, biodegradable fibers (wool, hemp, jute), and natural dyes to promote sustainability in carpet production. •Incorporation of 3D printing to create intricate, customizable designs with precision and flexibility, allowing for more innovative patterns and textures. 7

  8. Focus Product As with most industries, the carpet and rug sector is constantly evolving, and in recent years, there has been a surge in innovative trends that focus on sustainability, functionality, and design. Modern carpet manufacturers are experimenting with cutting-edge materials and production methods to create eco-friendly, durable, and stylish products.One of the most exciting developments in the carpet industry is the rise of recycled materials. Many carpet manufacturers are now using recycled fibers, such as plastic bottles or discarded textiles, to create new carpets. This reduces the demand for virgin materials, lowers carbon emissions, and promotes a circular economy where materials are reused and repurposed rather than discarded. Another trend that has gained traction is the use of biodegradable fibers in carpet production. Wool, jute, and hemp are some of the natural fibers that are gaining popularity due to their eco-friendly properties. These materials are not only sustainable but also provide a luxurious, high-quality finish that appeals to environmentally conscious consumers. On the design front, carpets are becoming more personalized and customizable. Many brands now offer made- to-order carpets, allowing customers to choose the color, texture, and pattern that best suit their style. 3D printing technology is also making waves in the carpet industry, enabling designers to create intricate, one-of-a-kind designs with precision and ease. Carpets and rugs have long been a symbol of luxury, and their rich history spans centuries, with many cultures developing unique weaving techniques that still influence carpet designs today. In addition to their cultural importance, carpets have been associated with wealth and status throughout history. Ancient royals and aristocrats often commissioned elaborate carpets to decorate their palaces and estates, showcasing their taste and opulence. Today, carpets still carry this sense of luxury, with high-end brands offering bespoke carpets made from premium materials such as silk, fine wool, and even cashmere. As modern consumers seek out unique, artisanal pieces for their homes, the demand for handmade rugs and carpets continues to grow. These one-of-a-kind creations offer a sense of craftsmanship and history that mass- produced carpets simply cannot replicate. Whether it’s a hand-knotted rug from India or a hand-tufted piece from Morocco, these carpets not only add beauty to a space but also tell a story of tradition, heritage, and skill. Looking ahead, the future of carpets and rugs is set to be defined by a fusion of technology and tradition. While handcrafted carpets will always have a place in interior design, the industry is increasingly embracing the benefits of smart textiles. This innovation is particularly relevant in the context of smart homes, where carpets could potentially incorporate sensors and other interactive features. Moreover, technology is enabling carpet manufacturers to improve the durability and lifespan of their products. Stain-resistant treatments, anti-microbial finishes, and wear-resistant fibers are making carpets more practical and long-lasting, while design software allows for greater creativity and precision in the production process. Carpets and rugs continue to play a central role in our homes, not only as functional items but also as works of art and cultural symbols. Whether it’s the comfort of a plush carpet underfoot or the beauty of an intricately designed rug, these textiles contribute to the atmosphere and aesthetic of any space. As the carpet industry embraces new technologies and sustainable practices, we can look forward to a future where carpets remain at the forefront of interior design, blending tradition, luxury, and innovation for generations to come. 8

  9. Focus Product Indian Institute of Carpet Technology (IICT), Bhadohi National Technical Textiles Mission, GOI Presents National Conclave on Technical Textiles - Hometech “Carpet for Technical Application” Committee Room, Carpet Expo Mart, Carpet City, Bhadohi 20th June, 2025 Unlock the future of carpet innovation in India� With the push for Atmanirbhar Bharat and Make in India, the carpet industry is evolving rapidly - especially in high-demand technical areas like sports flooring, gym mats, automotive, and wear- resistant applications. Despite this progress, large volumes are still imported, creating a strong opportunity for Indian businesses to lead. This conclave offers a powerful platform for entrepreneurs, manufacturers, exporters, and industry leaders to connect, collaborate, and shape strategies for growth, self-reliance, and global competitiveness. Don�t miss the exhibition featuring cutting-edge products and innovations from top manufacturers. Conference Session Driving Growth in Carpet ? other Home Textile Industry in domestic and export markets. Changes in Government Schemes and Policies required for growing the market of Home Textiles ? investment potential. Raw Materials Used in Carpet Manufacturing- Regular ? Fucntional Carpets- fibres ? yarns of PP, BCF, Modacrylic, FR Viscose ? Polyester. Innovative Chemical Solutions for backing and finishing to enhance quality ? performance of carpets ? other home textiles Current Manufacturing Techniques in Carpet Production like Weaving and Tufting Emerging Technologies in Carpet manufacturing using Needle punched ? Spunbond Nonwovens. Advanced Dyeing Techniques and Chemical Finishing for Carpets Use of Innovative Chemical Solutions- Non-toxic Flame Retardants and Antimicrobial, antiskid, Agents for Carpets Standardization, Certification and Quality Control Order �QCO� on carpets ? other home textiles Exhibition To benefit the Participants and keep them abreast of the latest Technologies and innovative products, an exhibition will be held. Click here for Exhibition Registration Registration No Participation fee will be charged to attend the conclave, but pre � Registration is mandatory to attend the conference. Click here for Delegate Registration Media Partners For More Information, Contact : Indian Technical Textile Association, Mumbai Rupali Chitnis / Shikha Panchal Email: ittatechtex@ittaindia.org Indian Institute of Carpet Technology, (IICT) Bhadohi Dr. M. Bera/ Dr. H. S. Mohapatra, Mob: 7839426491 9

  10. Focus Product CARPETS IN DAILY LIFE CARPETS IN DAILY LIFE EPITOME OF EPITOME OF COMFORT AND STYLE COMFORT AND STYLE When we think about what makes a house a home, our minds often drift to the finer details soft lighting, warm colors, and yes, the comforting feel of a carpet beneath our feet. Carpets are far more than floor coverings; they are silent storytellers, mood-setters, and lifestyle enhancers. They bring together utility, warmth, aesthetic charm, and a sophisticated expression of personal taste. But behind every plush surface lies an intricate world of textile engineering, design innovation, and cultural significance. Carpet Type Thermal Insulation Comfort Level Very High Best Use Wool High Bedrooms, Living Rooms Nylon Medium High Offices, Hotels Polyester Medium-High High Children’s Rooms Polypropylene Medium Medium Basements, Outdoors 10

  11. Focus Product Carpets offer unmatched functionality. From reducing noise in homes and office spaces to providing thermal insulation in colder regions, carpets silently enhance our day-to-day lives. They protect flooring, reduce slip-related injuries, and make spaces more comfortable for sitting, walking, and playing. According to a study by the World Floor Covering Association (WFCA), carpets can absorb sound up to 10 times better than hard flooring, making them ideal for bedrooms, libraries, and collaborative office spaces. Carpets add personality to a space. Whether it’s a Persian rug symbolizing heritage or a modern geometric carpet showcasing contemporary flair, carpets reflect identity. Color, texture, patterns, and shape all contribute to the aesthetic value of a room. Carpets are often considered the “fifth wall” of interior décor. A carefully chosen carpet can harmonize or contrast with furniture and walls to create a visually cohesive atmosphere. Textiles are the lifeblood of the carpet industry. Fibers both natural and synthetic are spun, dyed, and woven into masterpieces that transform rooms. The type of textile chosen determines the carpet’s performance, durability, and appeal. Natural Fibers in Carpets Synthetic Fibers in Carpets Nylon: Strong and resilient; good for heavy traffic Wool: Luxurious, resilient, and sustainable Cotton: Soft and breathable but less durable Polyester: Colorful and soft; ideal for vibrant patterns Silk: Expensive and elegant; used in hand- knotted decorative carpets Polypropylene: Water and stain-resistant; great for outdoor use 11

  12. Focus Product Textile Fiber Cost Durability Popularity in Carpets Wool Nylon Polyester Polypropylene (Olefin) High High Premium/Handmade Carpets Commercial Use Residential Settings Budget/Outdoor Carpets Medium Low Very Low Very High Medium Low-Medium Innovation Antimicrobial Yarn Hypoallergenic Materials Stain Guard & Spill Block Tech Dust-repellent Fibers Benefit Prevents bacteria and mold growth Reduces allergic reactions Resists liquid absorption Easier to clean and maintain hygiene India, particularly regions like Bhadohi, Mirzapur, and Kashmir, has established itself as a hub for high-quality, hand- woven carpets. The traditional textile knowledge passed through generations allows for unmatched craftsmanship. India is the world’s largest exporter of hand-knotted carpets, contributing over 35% of the global market share. Understanding where carpets are most used gives insight into consumer behavior and market opportunities. India, particularly regions like Bhadohi, Mirzapur, and Kashmir, has established itself as a hub for high-quality, hand- woven carpets. The traditional textile knowledge passed through generations allows for unmatched craftsmanship. India is the world’s largest exporter of hand-knotted carpets, contributing over 35% of the global market share. Understanding where carpets are most used gives insight into consumer behavior and market opportunities. 12

  13. BETA VERSION

  14. Market Analysis SNAPSHOT SNAPSHOT SNAPSHOT TRADE TRADE WOVEN CARPETS WOVEN CARPETS (HS CODE 5702) (HS CODE 5702) GL BAL GL BAL (Source: Data from International Trade Centre & Analysis by TBD) Global Trade Import (HS CODE 5702) 2023 Import Growth Rate for Period (2016-23) World Trade Top Importer US$ US$ 6.3 Bn 2.3 Bn, USA 6.40% Global Trade Export (HS CODE 5702) 2023 Export Growth Rate for Period (2016-23) 5.10% World Trade US$ 6.1 Bn Top Exporter US$ 2.7 Bn, Türkiye 14

  15. Market Analysis GL BAL IMPORTS TRENDS WOVEN CARPETS (HS CODE 5702) Top Global Importers (2016-2023) for Woven Carpets (HS CODE 5702) (US$ in Million) Rank Importers World USA Germany Saudi Arabia UK Iraq 2016 4,090.5 4,568.1 4,837.8 4,876.4 4,694.9 6,376.8 5,888.4 1,153.8 1,295.6 1,487.2 1,534.5 1,655.0 2,312.7 2,006.7 313.4 316.2 320.8 331.7 261.0 258.2 222.0 277.1 181.7 191.6 205.4 203.5 166.2 242.8 278.7 206.0 2017 2018 2019 2020 2021 2022 2023(E) CAGR (%) 6,314.4 2,315.2 412.0 445.8 306.9 310.0 211.0 214.2 206.3 187.8 6.4% 10.5% 5.2% 2.5% 2.4% 1.8% 366.2 191.2 178.6 148.6 450.5 239.4 216.4 187.2 Growth Rate (2016-2023) of Top Global Importers of Woven Carpets (HS CODE 5702) (in %) 12.0% 10.5% 10.0% 8.0% 6.4% 6.0% 5.2% 4.0% 2.5% 2.4% 1.8% 2.0% 0.0% World USA Germany Saudi Arabia UK Iraq 15

  16. Market Analysis Market Share (2023) for Top Global Importers of Woven Carpets (HS CODE 5702) (in %) USA Germany Saudi Arabia UK Iraq Others 36.66% 45.00% 3.39 7.06% 2.97% 4.91% Overview The global import market for woven carpets has shown a steady growth trajectory, with a CAGR of 6.4% from 2016 to 2023, reaching an estimated USD 6314.4 million in 2023. The USA dominates as the top importer, experiencing the highest CAGR of 10.5%, followed by Germany and Saudi Arabia. This growth is driven by rising demand for premium home décor, increased construction activities, and shifting consumer preferences toward sustainable and aesthetic floor coverings. The surge in imports highlights the growing importance of woven carpets in global trade, with the USA significantly shaping demand patterns. 16

  17. Market Analysis GL BAL EXPORTS TRENDS WOVEN CARPETS (HS CODE 5702) Top Global Exporters (2016-2023) for Woven Carpets (HS CODE 5702) (US$ in Million) Rank Exporters World 1 Türkiye 2 China 3 India 4 Belgium 5 Germany 2016 4,334.6 4,743.5 5,033.8 5,056.8 5,023.4 6,283.3 5,588.8 1,624.3 1,843.0 1,908.5 2,132.7 2,230.2 2,711.5 2,286.8 406.6 436.8 460.2 428.1 460.8 501.3 560.2 557.9 471.4 486.8 478.2 439.1 138.5 130.7 147.8 153.9 2017 2018 2019 2020 2021 2022 2023(E) CAGR (%) 6,128.0 2,683.4 536.7 535.5 688.0 773.4 391.3 415.2 190.0 197.2 5.1% 7.4% 4.0% 7.7% -1.8% 5.2% 421.3 574.5 407.0 153.0 526.9 792.5 506.0 189.5 Growth Rate (2016-2023) of Top Global Exporters of Woven Carpets (HS CODE 5702) (in %) 10.0% 7.7% 7.4% 8.0% 5.2% 6.0% 5.1% 4.0% 4.0% 2.0% 0.0% World Türkiye China India Belgium Germany -2.0% -1.8% -4.0% 17

  18. Market Analysis Market Share (2023) for Top Global Exporters of Woven Carpets (HS CODE 5702) (in %) 24.9% Türkiye 43.8% China 3.2% India 6.8% Belgium Germany 12.6% 8.7% Others Overview From 2016 to 2023, the global export market for woven carpets exhibited steady growth with a CAGR of 5.1%, reaching an estimated $6,128 million in 2023. Türkiye, China, and India dominate the market, with Türkiye leading due to a remarkable CAGR of 7.4%. Türkiye’s exports surged from $1,624.3 million in 2016 to an estimated $2,683.4 million in 2023, driven by its advanced production capabilities and proximity to key European markets. China, with a CAGR of 4.0%, benefits from economies of scale and cost-efficient production. These factors, combined with robust manufacturing infrastructure, make Türkiye and China prominent exporters. India’s Position India ranks third globally with a CAGR of 7.7%, showcasing strong growth potential in woven carpet exports. Its exports increased from $460.8 million in 2016 to an estimated $773.4 million in 2023, driven by skilled craftsmanship and quality products. To further boost exports, India could focus on enhancing manufacturing efficiency, adopting innovative designs, and leveraging free trade agreements to expand its reach. Developing eco-friendly carpet options and marketing its traditional hand-woven expertise globally could position India as a leader in this segment. 18

  19. Market Analysis IN INDI DIAN AN EXPORTS TRENDS WOVEN CARPETS (HS CODE 5702) Top Importers for Woven Carpets exported by India (HS CODE 5702) (US$ in Million) Rank Importers World 1 USA 2 Germany 3 Australia 4 UK 5 Netherlands 2016 460.8 501.3 560.2 557.9 209.8 235.9 283.7 288.1 34.4 41.5 23.1 28.7 32.7 29.9 12.1 16.1 2017 2018 2019 2020 574.5 792.5 688.0 318.1 443.1 397.4 44.2 54.7 38.1 41.9 24.3 34.2 16.0 20.1 2021 2022 2023(E) CAGR (%) 773.4 455.4 44.1 51.8 36.9 43.3 27.7 27.8 18.8 20.2 7.68% 11.71% 6.04% 9.39% -2.30% 7.63% 52.1 26.5 30.6 11.7 44.3 28.4 28.0 13.8 Growth Rate (2016-2023) of Top Importers for Woven Carpets exported by India (HS CODE 5702) (in %) 14.00% 11.71% 12.00% 9.39% 10.00% 7.68% 7.63% 8.00% 6.04% 6.00% 4.00% 2.00% 0.00% World USA Germany Australia UK Netherlands -2.00% -2.30% -4.00% 19

  20. Market Analysis Market Share (2023) for Top Importers of Woven Carpets exported by India (HS CODE 5702) (in %) 22.61% USA Germany Australia UK Netherlands Others 2.61% 3.60% 58.88% 5.60% 6.70% Overview India’s export market for woven carpets (HS Code 5702) has shown remarkable growth, with a CAGR of 7.68% from 2016 to 2023. This upward trajectory reflects India’s reputation for blending traditional craftsmanship with modern production techniques. The USA is India’s top importer, accounting for a significant share, with exports growing at an impressive CAGR of 11.71%. Germany and Australia follow as key destinations, highlighting India’s diverse market reach. The growth is underpinned by India’s ability to produce high-quality, cost-competitive carpets that cater to various aesthetic preferences and durability standards. India stands out globally as a major exporter of woven carpets, thanks to its skilled artisans and unique designs rooted in cultural heritage. With exports to the USA surging to an estimated $455.4 million in 2023, the market remains robust. To further enhance its position, India can focus on expanding to untapped markets, investing in sustainable production technologies, and promoting its eco-friendly carpets. Leveraging e-commerce platforms and enhancing branding for its handmade carpets can also amplify its global presence. Strategic partnerships and government-backed initiatives will be pivotal in ensuring India’s continued growth in this segment. 20

  21. Market Analysis MARKET WATCH WOVEN CARPETS WOVEN CARPETS (HS CODE 5702) 21

  22. Market Analysis MARKET WATCH MARKET WATCH UNITED STATES UNITED STATES OF AMERICA OF AMERICA WOVEN CARPETS (HS CODE 5702) Exporters of (2016-23) for Woven Carpets Imported by USA (HS CODE 5702) (US$ in Million) Rank Exporters World 1 Türkiye 2 India 3 China 4 Egypt 5 Belgium 2016 1,153.8 1,295.6 1,487.2 1,534.5 1,655.0 2,312.7 2,006.7 327.6 459.7 576.2 677.8 309.2 340.5 390.2 407.6 149.7 150.2 175.5 126.6 101.1 98.6 105.0 101.3 90.8 86.9 78.9 70.6 2017 2018 2019 2020 2021 2022 2023(E) CAGR (%) 2,147.0 913.0 1,128.1 618.2 624.3 125.1 115.9 135.3 116.2 72.4 50.2 9.28% 19.32% 10.56% -3.59% 2.01% -8.12% 882.0 409.1 107.7 91.3 58.6 1215.9 624.6 137.7 134.6 79.1 Growth Rate (2016-23) for Woven Carpets Imported by USA (HS CODE 5702) (in %) 25.00% 19.32% 20.00% 15.00% 10.56% 9.28% 10.00% 5.00% 2.01% 0.00% World Türkiye India China Egypt Belgium -5.00% -3.59% -10.00% -8.12% 22

  23. Market Analysis Market Share of Exporters (2023) for Woven Carpets Imported by USA (HS CODE 5702) (in %) 5.41%2.34% 5.23% 5.40% Türkiye India China Egypt Belgium Others 52.54% 29.08% Overview India continues to shine as a key player in the woven carpets export market, offering a blend of traditional artistry and modern manufacturing excellence. From 2016 to 2023, India’s exports to the USA grew at a strong CAGR of 10.56%, showcasing its resilience and adaptability in a competitive landscape. With the USA accounting for over $624.3 million of exports in 2023, India demonstrates its ability to cater to high-demand markets with quality and versatility. Additionally, India’s focus on sustainability and eco-friendly carpets positions it uniquely among global exporters. India’s Position India’s second rank in the USA’s woven carpets import market underscores its strong foothold and potential for further growth. To sustain this momentum, India can capitalize on its heritage by blending innovation with tradition, creating bespoke carpets for niche markets. Expanding partnerships with global retailers and leveraging digital platforms can enhance visibility and reach. By focusing on green manufacturing and utilizing government incentives, India can not only grow exports but also redefine itself as a leader in sustainable and artisan-driven carpet production. 23

  24. Market Analysis MARKET WATCH MARKET WATCH GERMANY GERMANY WOVEN CARPETS (HS CODE 5702) Exporters of (2016-23) for Woven Carpets imported by GERMANY (HS CODE5702) (US$ in Million) Rank Exporters World 1 Türkiye 2 India 3 Belgium 4 China 5 Egypt 2016 313.4 115.6 47.8 57.0 12.5 12.6 2017 316.2 119.0 55.1 51.5 14.5 13.5 2018 320.8 103.2 65.6 52.1 19.6 14.3 2019 331.7 113.3 61.1 57.2 22.9 12.7 2020 366.2 137.4 65.7 58.7 24.1 11.5 2021 450.5 185.1 88.9 50.8 32.4 17.0 2022 2023(E) CAGR (%) 412.0 434.4 162.4 170.2 84.6 87.3 43.7 54.2 38.1 34.1 14.9 15.0 4.77% 5.69% 8.98% -0.71% 15.37% 2.49% Growth Rate (2016-23) for Woven Carpets imported by GERMANY (HS CODE 5702) (in %) 18.00% 15.37% 16.00% 14.00% 12.00% 8.98% 10.00% 8.00% 5.69% 6.00% 4.77% 4.00% 2.49% 2.00% 0.00% World Türkiye India Belgium China Egypt -2.00% -0.71% 24

  25. Market Analysis Market Share of Exporters (2023) for Woven Carpets imported by GERMANY (HS CODE 5702) (in %) 16.94% 3.46% Türkiye 39.18% India 7.85% Belgium 12.47% China Egypt 20.10% Others Overview Germany’s woven carpets import market has seen steady growth, with India emerging as a strong contributor. Between 2016 and 2023, India’s exports to Germany grew at an impressive CAGR of 8.98%, reaching $87.3 million in 2023. This consistent rise reflects India’s ability to meet German demand for high-quality, durable carpets. India’s success is bolstered by its expertise in producing both traditional and contemporary designs, catering to diverse consumer tastes. By offering competitive pricing and superior craftsmanship, India continues to strengthen its position in the German market. India’s Position India’s growing footprint in Germany’s woven carpet market highlights its potential for further expansion. To enhance its share, India could focus on building partnerships with German distributors and leveraging the “Make in India” initiative to promote its products. Introducing eco-friendly carpets and innovative textures could align with Germany’s sustainability focus. Additionally, attending international trade fairs and showcasing India’s unique blend of tradition and innovation can attract more buyers. Such strategies will help India scale up and establish itself as a preferred supplier for Germany’s evolving carpet needs. 25

  26. Market Analysis MARKET WATCH MARKET WATCH UNITED KINGDOM UNITED KINGDOM WOVEN CARPETS (HS CODE 5702) Exporters of (2016-23) for Woven Carpets imported by UK (HS CODE 5702) (US$ in Million) 2016 181.7 34.0 40.0 33.4 10.2 12.6 2017 191.6 35.2 40.8 42.1 15.1 11.0 2018 205.4 37.3 41.6 43.7 12.1 11.1 2019 203.5 43.0 41.6 35.5 11.8 12.0 2020 178.6 48.2 33.8 23.3 8.4 12.7 2021 216.4 80.7 48.8 24.8 9.1 16.5 2022 2023(E) CAGR(%) 211.0 234.4 71.1 89.5 48.9 58.9 22.0 22.1 12.7 14.3 14.5 16.4 Rank Exporters World 1 Türkiye 2 India 3 Belgium 4 Poland 5 China 3.71% 14.84% 5.69% -5.75% 4.90% 3.84% Growth Rate (2016-23) for Woven Carpets imported by UK (HS CODE 5702) (in %) 20.00% 14.84% 15.00% 10.00% 5.69% 4.90% 3.84% 3.71% 5.00% 0.00% World Türkiye India Belgium Poland China -5.00% -5.75% -10.00% 26

  27. Market Analysis Market Share of Exporters (2023) for Woven Carpets imported by UK (HS CODE 5702) (in %) 14.16% 7.00% Türkiye 38.18% India 6.11% Belgium 9.42% Poland China 25.13% Others Overview India’s woven carpets have found a growing presence in the United Kingdom, with a notable increase in exports between 2016 and 2023. The UK’s imports of Indian carpets grew at a healthy CAGR of 5.69%, reaching $58.9 million in 2023. As the UK market values quality and traditional craftsmanship, India has positioned itself well to cater to these demands. The diverse range of carpets, from handmade to machine-made, allows India to meet various consumer preferences. This growth is a testament to India’s strong foothold in the competitive global market for woven carpets. India’s Position India holds a strong second position in the UK’s woven carpet import market, competing closely with Türkiye. To further elevate its standing, India can explore the growing interest in sustainable and eco-friendly carpets. Strengthening trade relations and participating in UK-based design exhibitions could further boost India’s visibility. Moreover, emphasizing custom designs and offering competitive pricing can help India tap into niche markets. As the UK market continues to evolve, India’s commitment to quality and innovation will help it maintain a prominent place in the UK’s woven carpet imports. 27

  28. Market Analysis SNAPSHOT SNAPSHOT Global Trade Global Trade TUFTED CARPETS TUFTED CARPETS (HS CODE 5703) (HS CODE 5703) (Source: Data from International Trade Centre & Analysis by TBD) Global Trade Import (HS CODE 5703) 2023 Import Growth Rate for Period (2016-23) World Trade Top Importer US$ US$ 7.0 Bn 1.3 Bn, USA 1.54% Global Trade Export (HS CODE 5703) 2023 World Trade US$ 7.4 Bn Export Growth Rate for Period (2016-23) 1.00% Top Exporter US$ 1.5 Bn, China 28

  29. Market Analysis GL BAL IMPORTS TRENDS TUFTED CARPETS (HS CODE 5703) Top Global Importers (2016-2023) for Tufted Carpets (HS CODE 5703) (US$ in Million) Rank Importers World 1 USA 2 UK 3 Germany 4 Canada 5 France 2016 6,363.2 891.5 842.4 545.8 573.9 210.5 2017 6,645.8 904.4 819.7 564.9 580.0 208.2 2018 6,924.3 977.1 812.8 591.2 574.1 220.8 2019 6,596.2 853.7 773.5 551.7 530.3 215.8 2020 5,878.0 832.2 624.9 538.7 443.0 200.8 2021 7,034.2 1,126.1 743.8 551.7 475.1 268.7 2022 2023(E)CAGR(%) 6,865.0 7,084.0 1,113.9 1,250.0 791.1 776.2 488.5 488.5 471.1 443.5 273.3 299.7 1.54% 4.95% -1.16% -1.57% -3.62% 5.18% Growth Rate (2016-2023) of Top Global Importers of Tufted Carpets (HS CODE 5703) (in %) 6.00% 5.18% 4.95% 5.00% 4.00% 3.00% 1.54% 2.00% 1.00% 0.00% World USA UK Germany Canada France -1.00% -1.16% -2.00% -1.57% -3.00% -4.00% -3.62% -5.00% 29

  30. Market Analysis Market Share (2023) for Top Global Importers of Tufted Carpets (HS CODE 5703) (in %) 17.65% USA UK Germany Canada France Others 10.96% 54.01% 6.90% 6.26% 4.23% Overview Global import trends for tufted carpets (HS Code 5703) reveal an intriguing tapestry of market dynamics. From 2016 to 2023, the world’s imports steadily expanded, reaching a value of $7,084 million with a modest CAGR of 1.54%. The USA stands out as the frontrunner, showcasing robust growth of 4.95%, while the UK and Germany grappled with slight declines, hinting at shifting priorities or competitive landscapes. Despite fluctuations, tufted carpets remain a staple in global trade, weaving together diverse economies. This enduring demand underscores their universal appeal and functional versatility. 30

  31. Market Analysis GL BAL EXPORTS TRENDS TUFTED CARPETS (HS CODE 5703) Top Global Exporters (2016-2023) for Tufted Carpets (HS CODE 5703) (US$ in Million) Rank Exporters World 1 China 2 Netherlands 3 Belgium 4 India 5 Türkiye 2016 6,894.8 1,280.2 833.8 1,056.4 558.4 225.5 2017 7,194.3 1,356.7 902.3 1,078.9 554.5 260.5 2018 7,570.2 1,535.9 991.9 1,062.1 563.2 299.6 2019 7,205.4 1,417.1 921.0 992.5 534.3 354.2 2020 6,592.4 1,346.4 862.7 842.1 549.1 343.0 2021 7,781.0 1,584.9 1005.9 968.7 764.6 443.6 2022 2023(E) CAGR (%) 7,234.9 7,384.2 1,431.2 1,524.6 965.8 993.9 832.5 817.3 640.5 688.2 441.8 489.5 0.98% 2.53% 2.54% -3.60% 3.03% 11.71% Growth Rate (2016-2023) of Top Global Exporters of Tufted Carpets (HS CODE 5703) (in %) 14.00% 11.71% 12.00% 10.00% 8.00% 6.00% 3.03% 4.00% 2.54% 2.53% 0.98% 2.00% 0.00% World China Netherlands Belgium India Türkiye -2.00% -4.00% -3.60% -6.00% 31

  32. Market Analysis Market Share (2023) for Top Global Exporters of Tufted Carpets (HS CODE 5703) (in %) 20.6% China 38.9% Netherlands 13.5% Belgium India 11.1% 6.6% Türkiye 9.3% Others Overview Tufted carpets (HS Code 5703) have woven a story of resilience and opportunity in global trade. From 2016 to 2023, exports climbed steadily, touching $7,384.2 million in 2023 with a CAGR of 0.98%. China leads the charge, followed by the Netherlands and Belgium, each playing pivotal roles in this dynamic sector. Despite global challenges, tufted carpets remain indispensable, symbolizing a blend of cultural artistry and practical design that transcends borders. India’s Position India shines as a rising star in the tufted carpet export market, securing the fourth position globally. With a robust CAGR of 3.03%, India’s exports grew from $558.4 million in 2016 to an estimated $688.2 million in 2023. This growth reflects the country’s craftsmanship, competitive pricing, and rich heritage in textile artistry. As global demand evolves, India continues to assert its position, weaving a vibrant story of quality, tradition, and innovation in the global carpet market. 32

  33. Market Analysis IN INDI DIAN AN EXPORTS TRENDS TUFTED CARPETS (HS CODE 5703) Top Importers for Tufted Carpets exported by India (HS CODE 5703) (US$ in Million) Rank Importers World 1 USA 2 UK 3 Germany 4 Australia 5 UAE 2016 558.4 336.3 44.7 35.0 10.9 11.5 2017 554.5 315.7 45.7 41.8 12.2 8.4 2018 563.2 330.3 44.4 27.7 15.4 10.6 2019 534.3 311.5 44.1 21.0 16.8 9.6 2020 549.1 338.6 39.9 22.9 17.1 10.1 2021 764.6 449.4 56.3 33.2 21.8 14.2 2022 2023(E) CAGR (%) 640.5 742.9 368.6 415.6 40.0 45.5 27.9 33.0 22.1 25.3 15.0 18.0 4.16% 3.07% 0.24% -0.86% 12.80% 6.62% Growth Rate (2016-2023) of Top Importers for Tufted Carpets exported by India (HS CODE 5703) (in %) 14.00% 12.80% 12.00% 10.00% 8.00% 6.62% 6.00% 4.16% 4.00% 3.07% 2.00% 0.24% 0.00% World USA UK Germany Australia UAE -0.86% -2.00% 33

  34. Market Analysis Market Share (2023) for Top Importers of Tufted Carpets exported by India (HS CODE 5703) (in %) USA 27.66% UK Germany 2.42% 55.94% Australia 3.41% UAE 4.44% Others 6.12% Overview India has established a strong presence in the global tufted carpet market, with a steady increase in export values over the years. The global export market for tufted carpets has grown at a CAGR of 4.16% from 2016 to 2023, with India contributing significantly to this trend. The country’s commitment to quality manufacturing and diverse designs has earned it a reputable spot among top exporters. India’s expansion into new markets and focus on sustainable production are key drivers of this growth. India remains a dominant player in the global tufted carpet industry, particularly in the U.S., which continues to be the largest importer of Indian tufted carpets. With an export value of $368.6 million in 2022, the U.S. remains the top destination for Indian exports, though growth has slowed in recent years. The UK, although showing marginal growth, remains a strong market with a consistent demand for Indian products. India’s market share in Europe, particularly in Germany, has faced some challenges, but the country’s strategic investments in technology and design have kept it competitive. Overall, India’s position in the tufted carpet market continues to strengthen, making it an essential hub for carpet manufacturing and exports. 34

  35. Market Analysis MARKET WATCH TUFTED CARPETS TUFTED CARPETS (HS CODE 5703) 35

  36. Market Analysis MARKET WATCH MARKET WATCH UNITED STATES UNITED STATES OF AMERICA OF AMERICA TUFTED CARPETS (HS CODE 5703) Exporters of (2016-23) for Tufted Carpets Imported by USA (HS CODE 5703) (US$ in Million) Rank Exporters World 1 India 2 Mexico 3 China 4 Viet Nam 5 Korea 2016 891.5 310.6 19.0 272.3 0.0 33.8 2017 904.4 287.9 34.3 303.9 0.0 33.8 2018 977.1 297.9 42.3 371.8 0.4 29.3 2019 853.7 285.2 60.2 231.5 23.5 39.8 2020 832.2 274.6 59.3 173.8 67.9 40.3 2021 1126.1 399.7 61.7 210.9 109.0 42.1 2022 2023(E) CAGR (%) 1113.9 1305.7 356.4 425.4 118.5 139.1 203.3 225.5 128.4 162.2 50.7 54.8 6.57% 5.38% 39.29% -3.10% 31.78% 8.40% Growth Rate (2016-23) for Tufted Carpets Imported by USA (HS CODE 5703) (in %) 45.00% 39.29% 40.00% 31.78% 35.00% 30.00% 25.00% 20.00% 15.00% 8.40% 6.57% 10.00% 5.38% 5.00% 0.00% World India Mexico China Viet Nam Korea -5.00% -3.10% -10.00% 36

  37. Market Analysis Market Share of Exporters in 2023 for Tufted Carpets Imported by USA (HS CODE 5703) (US$ in Million) 22.87% 32.58% India 4.20% Mexico China 12.43% Viet Nam 10.65% 17.27% Korea Others Overview The tufted carpets market in the United States has shown steady growth over the years, with imports increasing from USD 891.5 million in 2016 to an estimated USD 1,305.7 million in 2023. Despite a global market slowdown in 2020, the market rebounded with a CAGR of 6.57%. The USA continues to be a leading consumer of tufted carpets, with major suppliers like India, Mexico, and China meeting the demand for both residential and commercial applications. India’s Position India holds the top position as the largest exporter of tufted carpets to the USA, contributing a significant share to the market. With a stable export value from USD 310.6 million in 2016 to an estimated USD 425.4 million in 2023, India’s growth trajectory, with a CAGR of 5.38%, showcases its strong foothold in the USA market. India’s vast manufacturing capacity and skilled labor, combined with competitive pricing, make it a favored exporter of tufted carpets compared to other nations like Mexico and China. 37

  38. Market Analysis MARKET WATCH MARKET WATCH GERMANY GERMANY TUFTED CARPETS (HS CODE 5703) Exporters of (2016-23) for Tufted Carpets imported by Germany (HS CODE 5703) (US$ in Million) Rank Exporters World 1 Netherlands 2 Belgium 3 China 4 India 5 Czech Republic 2016 545.8 564.9 591.2 551.7 538.7 551.7 488.5 511.7 123.2 142.0 160.0 145.8 150.7 145.9 126.0 142.9 141.8 138.8 135.8 123.8 121.9 135.0 103.1 109.0 65.7 59.3 65.6 66.9 71.4 78.1 85.3 84.9 22.6 23.8 25.2 21.8 25.5 36.5 37.4 37.6 46.2 47.6 52.7 54.8 36.5 25.0 18.2 19.4 2017 2018 2019 2020 2021 2022 2023(E) CAGR (%) -0.92% 2.14% -3.69% 3.74% 7.51% -11.67% Growth Rate (2016-23) for Tufted Carpets imported by Germany (HS CODE 5703) (in %) 10.00% 7.51% 3.74% 5.00% 2.14% 0.00% World Netherlands Belgium China India Czech Republic -0.92% -5.00% -3.69% -10.00% -11.67% -15.00% 38

  39. Market Analysis Market Share of Exporters (2023) for Tufted Carpets imported by Germany (HS CODE 5703) (in %) 23.05% Netherlands 27.93% Belgium 3.79% China 7.34% India 21.30% 16.60% Czech Republic Others Overview Germany has shown consistent import activity for Tufted Carpets (HS CODE 5703) between 2016 and 2023, with total imports fluctuating slightly around the $500 million mark. The overall market has experienced a slight decline at a CAGR of -0.92%. The major suppliers include the Netherlands, Belgium, China, and India, with each country contributing significantly to the German import market. Despite the downturn in imports, certain exporters, particularly from China and India, have shown notable growth. The market dynamics reveal shifting preferences towards suppliers who can offer competitive pricing and quality. India’s Position India has steadily increased its export of Tufted Carpets to Germany over the past seven years, achieving a significant 7.51% CAGR. While its contribution to the total import market is relatively smaller compared to countries like the Netherlands and Belgium, India’s export value has risen from $22.6 million in 2016 to $37.6 million in 2023. This consistent growth signals India’s improving presence in the high-quality carpet segment in Germany. India’s competitive pricing and growing manufacturing capabilities could further enhance its market share in the coming years. 39

  40. Market Analysis MARKET WATCH MARKET WATCH UNITED KINGDOM UNITED KINGDOM TUFTED CARPETS (HS CODE 5703) Exporters of (2016-23) for Tufted Carpets Imported by UK (HS CODE 5703) (US$ in Million) Rank Exporters World 1 Netherlands 2 Belgium 3 Türkiye 4 India 5 China 2016 842.4 269.9 341.0 39.0 32.3 39.4 2017 819.7 263.2 326.6 43.2 28.5 32.7 2018 812.8 287.0 296.5 49.7 26.0 36.3 2019 773.5 271.6 269.2 58.8 25.6 34.0 2020 624.9 221.0 205.9 59.4 20.2 32.5 2021 743.8 235.3 255.8 75.0 30.7 45.0 2022 2023(E) CAGR (%) 791.1 886.1 279.5 303.7 235.9 262.5 81.4 94.0 32.3 39.9 29.7 32.9 0.73% 1.70% -3.67% 13.39% 3.08% -2.53% Growth Rate (2016-23) for Tufted Carpets Imported by UK (HS CODE 5703) (in %) 16.00% 13.39% 14.00% 12.00% 10.00% 8.00% 6.00% 3.08% 4.00% 1.70% 0.73% 2.00% 0.00% World Netherlands Belgium Türkiye India China -2.00% -4.00% -2.53% -3.67% -6.00% 40

  41. Market Analysis Market Share of Exporters (2023) for Tufted Carpets Imported by UK (HS CODE 5703) (in %) 17.28% 3.71% 34.28% Netherlands 4.50% Belgium 10.61% Türkiye India China 29.62% Others Overview The United Kingdom’s import market for Tufted Carpets (HS CODE 5703) has seen a modest growth of 0.73% CAGR between 2016 and 2023. Total imports fluctuated, peaking at $886 million in 2023, reflecting stable demand for tufted carpets despite some years of decline. The Netherlands and Belgium dominate as top suppliers, though their market share has been under pressure. Türkiye, on the other hand, has demonstrated impressive growth, with a strong 13.39% CAGR, positioning itself as a key emerging player. The UK’s imports reflect a balance of traditional suppliers and newer, high-growth exporters. India’s Position India’s role in the UK’s tufted carpet import market is not explicitly mentioned in the provided data, but it remains a key player in the global market. With the UK’s heavy reliance on Netherlands, Belgium, and Türkiye, India could potentially capitalize on increasing demand for cost-effective yet high-quality carpets. By enhancing its manufacturing processes and focusing on competitive pricing, India can carve out a more substantial share of this market. India’s presence in the UK could be strengthened through strategic partnerships and focused export initiatives in the coming years. 41

  42. Technology Junction 42

  43. Technology Junction 43

  44. Market Analysis GL BAL MARKET ANALYSIS MARKET ANALYSIS COMMERCIAL CARPET COMMERCIAL CARPET (Source: Data from Global Commercial Carpet Market 2024-2028 by Technavio, provided by EMIS/CEIC and Analysis by TBD) CAGR (2023-2028) 3.30% 2023 Market Size 1,094.7($ million) 44

  45. Market Analysis Market overview Year Market size ($ mn) 2023 1,094.70 2024 1,128.90 2025 1,165 2026 1,203.10 1,243.30 1,285.80 2027 2028 1,350.0 1,285.8 1,300.0 1,243.3 1,250.0 1,203.1 1,200.0 1,165.0 1,128.9 1,150.0 1,094.7 1,100.0 1,050.0 1,000.0 950.0 2023 2024 2025 2026 2027 2028 MARKET SEGMENTATION BY PRODUCT Carpet Tiles are modular, square-shaped carpets that offer easy installation and flexibility. Broadlooms are traditional large roll carpets that provide a seamless look for larger areas. In 2023, the global commercial carpet market was led by carpet tiles, which captured 60.3% of the market share, while broadlooms accounted for the remaining 39.7%. Looking ahead to 2028, carpet tiles are projected to increase their share to 62.5%, while broadlooms are expected to hold 37.5%. The carpet tiles segment is set to experience a growth of $143.1 million, compared to $48.0 million for broadlooms, from 2023 to 2028. Market share 2023-2028 (%) Year 2023 2024 2025 2026 2027 2028 Carpet tiles Broadlooms 60.3% 60.7% 61.1% 61.0% 62.0% 62.5% 39.7% 39.3% 38.9% 38.5% 38.0% 37.5% 70.0% 62.5% 62.0% 61.1% 61.0% 60.7% 60.3% 60.0% 50.0% 39.7% 39.3% 38.9% 38.5% 38.0% 37.5% 40.0% 30.0% 20.0% 10.0% 0.0% 2023 2024 2025 2026 2027 2028 Carpet tiles Broadlooms 45

  46. Market Analysis Carpet Tiles Market size and Forecast 2023-2028 ($ million) Year 2023 2024 2025 2026 2027 2028 Market size($mn) 659.9 685.2 712 740.5 770.8 803.0 CAGR (2023-2028) 4.0% Incremental growth between 2023 & 2028 143.1($ million) 900.0 803.0 770.8 740.5 800.0 712.0 685.2 659.9 700.0 600.0 500.0 400.0 300.0 200.0 100.0 0.0 2023 2024 2025 2026 2027 2028 Broadlooms Market size and Forecast 2023-2028 ($ million) Year Market size ($ mn) 2023 434.8 2024 443.7 2025 453.0 2026 462.6 2027 472.5 2028 482.8 CAGR (2023-2028) 2.1% Incremental growth between 2023 & 2028 48.0($ million) 490.0 482.8 480.0 472.5 470.0 462.6 460.0 453.0 450.0 443.7 434.8 440.0 430.0 420.0 410.0 2023 2024 2025 2026 2027 2028 46

  47. Market Analysis MARKET SEGMENTATION BY GEOGRAPHY The global commercial carpet market in 2023 was led by North America, commanding 49.7% of the market, while the Middle East and Africa held a modest 4.2%. By 2028, North America is expected to slightly grow its share to 50.1%, with the Middle East and Africa remaining the smallest contributor at 4.0%. Over this period, North America is projected to see a $99.8 million boost, compared to $5.0 million in growth for the Middle East and Africa. Market share by Geography 2023-2028 (%) Middle East & Africa 4.20% Year North America Europe APAC South America 2023 49.7% 22.1% 17.70% 6.30% 2024 49.8% 21.9% 17.90% 6.30% 4.10% 2025 49.9% 21.7% 18.10% 6.30% 4.10% 2026 50.1% 21.4% 18.30% 6.30% 4.20% 2027 50.1% 21.2% 18.50% 6.30% 4.00% 2028 50.1% 20.9% 18.80% 6.30% 4.00% 60.0% 50.1% 50.1% 50.1% 49.9% 49.8% 49.7% 50.0% 40.0% 30.0% 22.1% 17.70% 21.9% 17.90% 21.7% 18.10% 21.4% 21.2% 18.50% 20.9% 18.80% 18.30% 20.0% 6.30% 4.20% 6.30% 6.30% 6.30% 6.30% 4.00% 6.30% 10.0% 4.00% 4.20% 4.10% 4.10% 0.0% 2023 2024 2025 2026 2027 2028 North America Europe APAC South America Middle East & Africa 47

  48. Market Analysis MARKET WATCH MARKET WATCH UNITED STATES UNITED STATES MARKET SIZE MARKET SIZE AND FORECAST AND FORECAST 2023-2028 ($ MILLION) Year Market size ($ mn) 2023 397.4 2024 409.8 2025 422.9 2026 436.7 2027 451.3 2028 466.7 CAGR (2023-2028) 3.3% Incremental growth between 2023 & 2028 69.3 ($ million) 480.0 466.7 460.0 451.3 436.7 440.0 422.9 420.0 409.8 397.4 400.0 380.0 360.0 2023 2024 2025 2026 2027 2028 The U.S. will maintain its lead in the global commercial carpet market from 2023 to 2028, with steady growth between 3.1% and 3.4% annually. It remains the largest market, expanding from $397.4 million in 2023 to $466.7 million by 2028, growing at a CAGR of 3.3%, in line with the overall market trend. While the U.S. will be the slowest-growing key market, it will still contribute a significant 36.3% of the market’s incremental growth during this period, underscoring its dominant position. 48

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