Market Forecast By By Product Type (Woven, Knotted, Needle Felt, Tufted), By By Material Type (Nylon, Polypropylene, Polyester, Acrylic, Wools & Its Blends), By By End Use (Infrastructure, Residential, Commercial, Industrial, Transportation, Sports & Leisure ) And Competitive Landscape
Product Code: ETC212873 | Publication Date: May 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
Qatar Carpet market currently, in 2023, has witnessed an HHI of 3900, Which has increased slightly as compared to the HHI of 2835 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Qatar Carpet Market |
Forecast period | 2024-2030 |
CAGR | 3.5% |
Growing Sector | Hospitality, Sports, and Tourism |
Qatar Carpet Market report thoroughly covers the market by product, by application, by technology, and by type. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar Carpet Market is growing at an impressive rate over the years. The growing demand for high-quality carpets for luxury homes, hotels, and commercial buildings is driving this growth.
According to 6Wresearch, the Qatar Carpet Market size is expected to grow at a CAGR of 3.5% during the forecast period of 2024-2030. One of the most significant drivers of the Qatar carpet market is the country's booming construction industry. With a slew of new hotel and residential construction projects underway, the demand for premium-quality carpets is surging. The rise in tourism also plays a vital role in the carpet industry's growth, as high-end hotels and resorts require plush and luxurious carpets to create an impression. Furthermore, the increase in awareness about sustainable living is spurring demand for eco-friendly carpets made from recycled materials. One of the latest trends in the Qatar carpet market is the shift towards eco-friendly carpets. Environmentally conscious consumers in Qatar prefer carpets made from recycled materials, seeing them as a more responsible choice.
There is also a growing trend for custom-designed carpets, which allow homeowners and businesses to add a unique touch to their space. Another emerging trend in the market is the use of smart carpets, which can track movement and monitor health thanks to embedded sensors. Despite the significant Qatar carpet market growth, it faces several challenges. One of the biggest challenges is the rising competition from neighboring countries such as Saudi Arabia and the United Arab Emirates. These countries offer similar products at lower prices, making it difficult for Qatari manufacturers to compete. Another challenge is the impact of the COVID-19 pandemic, which has disrupted global supply chains, affecting the carpet industry supply chain.
One of the most important policies implemented by the government is the Qatar National Vision 2030. This ambitious plan aims to promote economic development, diversification, and sustainability in the country. The Qatar Carpet Industry has been identified as an essential sector to achieve these goals, as it contributes to the growth of various other economic sectors such as tourism and hospitality. In addition, the government has also launched various schemes for small and medium enterprises (SMEs) in the carpet industry. Under these schemes, SMEs are provided with financing options, technical assistance, and training programs. This has encouraged many local entrepreneurs to enter the market and contribute to its growth
The Qatar carpet market boasts several prominent players. One such key player is Royal Carpets, renowned for its artisanal approach to carpet weaving and its ability to craft bespoke pieces that resonate with luxury and heritage. Likewise, Majestic Rugs has been a trailblazer in merging traditional Qatar designs with contemporary aesthetics, catering to a miscellaneous clientele.
The Qatar Carpet Market is anticipated to grow in the coming years due to the increasing demand for high-quality, traditional and luxury carpets globally. The government’s policies and schemes to promote the carpet industry, along with the increasing number of tourists, will contribute to the growth of the carpet industry in Qatar. The future of the Qatar carpet market looks promising as manufacturers and traders focus on producing high-quality products that meet international standards.
According to Parth, Senior Research Analyst, 6Wresearch, tufted carpets are one of the fastest growing segments as these are affordable, easy to clean, and come in a variety of colors and patterns. These carpets are mainly used in residential spaces and the hospitality industry.
By End-Use, the residential segment is the leading the Qatar carpet market share. Carpets add warmth, comfort, and an aesthetic appeal to homes. The commercial segment is expected to grow moderately as carpets in these spaces contribute to sound absorption and insulation, making the environment more comfortable.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Carpet Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Carpet Market Revenues & Volume, 2020 & 2030F |
3.3 Qatar Carpet Market - Industry Life Cycle |
3.4 Qatar Carpet Market - Porter's Five Forces |
3.5 Qatar Carpet Market Revenues & Volume Share, By By Product Type, 2020 & 2030F |
3.6 Qatar Carpet Market Revenues & Volume Share, By By Material Type, 2020 & 2030F |
3.7 Qatar Carpet Market Revenues & Volume Share, By By End Use, 2020 & 2030F |
4 Qatar Carpet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Carpet Market Trends |
6 Qatar Carpet Market, By Types |
6.1 Qatar Carpet Market, By By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Qatar Carpet Market Revenues & Volume, By By Product Type, 2020 - 2030F |
6.1.3 Qatar Carpet Market Revenues & Volume, By Woven, 2020 - 2030F |
6.1.4 Qatar Carpet Market Revenues & Volume, By Knotted, 2020 - 2030F |
6.1.5 Qatar Carpet Market Revenues & Volume, By Needle Felt, 2020 - 2030F |
6.1.6 Qatar Carpet Market Revenues & Volume, By Tufted, 2020 - 2030F |
6.2 Qatar Carpet Market, By By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Qatar Carpet Market Revenues & Volume, By Nylon, 2020 - 2030F |
6.2.3 Qatar Carpet Market Revenues & Volume, By Polypropylene, 2020 - 2030F |
6.2.4 Qatar Carpet Market Revenues & Volume, By Polyester, 2020 - 2030F |
6.2.5 Qatar Carpet Market Revenues & Volume, By Acrylic, 2020 - 2030F |
6.2.6 Qatar Carpet Market Revenues & Volume, By Wools & Its Blends, 2020 - 2030F |
6.3 Qatar Carpet Market, By By End Use |
6.3.1 Overview and Analysis |
6.3.2 Qatar Carpet Market Revenues & Volume, By Infrastructure, 2020 - 2030F |
6.3.3 Qatar Carpet Market Revenues & Volume, By Residential, 2020 - 2030F |
6.3.4 Qatar Carpet Market Revenues & Volume, By Commercial, 2020 - 2030F |
6.3.5 Qatar Carpet Market Revenues & Volume, By Industrial, 2020 - 2030F |
6.3.6 Qatar Carpet Market Revenues & Volume, By Transportation, 2020 - 2030F |
6.3.7 Qatar Carpet Market Revenues & Volume, By Sports & Leisure , 2020 - 2030F |
7 Qatar Carpet Market Import-Export Trade Statistics |
7.1 Qatar Carpet Market Export to Major Countries |
7.2 Qatar Carpet Market Imports from Major Countries |
8 Qatar Carpet Market Key Performance Indicators |
9 Qatar Carpet Market - Opportunity Assessment |
9.1 Qatar Carpet Market Opportunity Assessment, By By Product Type, 2020 & 2030F |
9.2 Qatar Carpet Market Opportunity Assessment, By By Material Type, 2020 & 2030F |
9.3 Qatar Carpet Market Opportunity Assessment, By By End Use, 2020 & 2030F |
10 Qatar Carpet Market - Competitive Landscape |
10.1 Qatar Carpet Market Revenue Share, By Companies, 2023 |
10.2 Qatar Carpet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |