Market Forecast By Product Type (Woven, Knotted, Needle Felt, Tufted), By Material Type (Nylon, Polypropylene, Polyester, Acrylic, Wools & Its Blends), By End Use (Infrastructure, Residential, Commercial, Industrial, Transportation, Sports & Leisure ) And Competitive Landscape
Product Code: ETC212870 | Publication Date: May 2022 | Updated Date: Oct 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Turkey Carpet market currently, in 2023, has witnessed an HHI of 1340, Which has decreased slightly as compared to the HHI of 1388 in 2017. The market is moving towards highly competitive. 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 | Turkey Carpet MarketΒ |
Forecast period | 2024-2030 |
CAGR | 3.06% |
Growing Sector | Residential sector |
The Turkey Carpet Market Report thoroughly covers the market by Product Type, Material Type and End Use. The Turkey Carpet Market Outlook report provides an unbiased and detailed analysis of the ongoing Turkey Carpet Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Turkey Carpet market is projected to witness significant growth, driven by the increasing applications of different types of carpets in various sectors and the emergence of more efficient manufacturing methods. The market growth is stimulated by the demand for high-performance carpet materials in industries such as Infrastructure, Residential, Commercial, Industrial, Transportation, Sports & Leisure.
According to 6Wresearch, The Turkey Carpet Market size is expected to grow at a CAGR of 3.06% during 2024-2030. The mounting demand for different types of carpets, due to their superiority in aesthetic appeal and durability, propels the market growth. More specialized end-users are required for intricate manufacturing processes, leading to increased use of various types of carpets. Enhancements in manufacturing infrastructure, market segmentation strategies, and innovative solutions tailored to niche markets are driving market growth. Furthermore, the national emphasis on environmental sustainability and the need for efficient manufacturing methods are bolstering the Carpet market in Turkey.
Despite the rising demand in Turkey, the market faces some challenges such as shifts in consumer preferences towards alternative flooring options like hardwood, laminate, vinyl, or tiles pose a challenge for the traditional carpet market. Adapting to evolving consumer tastes and trends is crucial to staying competitive.
The Turkey Carpet Market is witnessing significant growth, with key players such as Desso, Shaw Industries, Tarkett, and ABC Carpets. These industry leaders are known for their technologically advanced and durable carpet solutions. They focus on innovative designs and customer-centric strategies to strengthen their market positions. Their carpet solutions are known for their style, safety, and efficiency, catering to various industry needs.
The Turkish government industrial development strategy emphasizes promoting advanced manufacturing technologies, fostering innovation, enhancing competitiveness, and supporting key industries that heavily rely on quality carpet solutions. The government provides funding, grants, and support for research and development initiatives, collaborative projects, academic partnerships, technology transfers and innovation hubs that drive advancements in carpet technology, materials, and manufacturing processes. Government initiatives concentrate on promoting exports of carpet products, strengthening trade relations, participating in global supply chains, attending international exhibitions, and showcasing Turkish capabilities in carpet manufacturing to expand market presence and boost economic growth.
According to Dhaval, Research Manager, 6Wresearch, The market is likely to witness a surge in technological advancements in carpet design and capabilities. Innovations such as improved manufacturing systems, advanced application systems, and enhanced safety features are expected to shape the future of carpet in Turkey. With an increasing focus on high-performance materials and modernization of manufacturing infrastructure, the Turkey Carpet Market is projected to expand in terms of market size and deployment of specialized technologies tailored to meet evolving needs. The growing emphasis on environmental sustainability and energy efficiency is likely to influence the development of eco-friendly carpet in the market.
Woven carpets are experiencing significant growth due to the unique aesthetics and durability they offer, making them a popular choice for varied environments.
Polyester is witnessing growth as it offers an exceptional balance of softness, durability, and affordability, making it ideal for a range of applications.
Infrastructure and Residential sectors are in demand due to innovative applications of carpets, thus contributing to market growth.
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 Turkey Carpet Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Carpet Market Revenues & Volume, 2020 & 2030F |
3.3 Turkey Carpet Market - Industry Life Cycle |
3.4 Turkey Carpet Market - Porter's Five Forces |
3.5 Turkey Carpet Market Revenues & Volume Share, By By Product Type, 2020 & 2030F |
3.6 Turkey Carpet Market Revenues & Volume Share, By By Material Type, 2020 & 2030F |
3.7 Turkey Carpet Market Revenues & Volume Share, By By End Use, 2020 & 2030F |
4 Turkey Carpet Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkey Carpet Market Trends |
6 Turkey Carpet Market, By Types |
6.1 Turkey Carpet Market, By By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Turkey Carpet Market Revenues & Volume, By By Product Type, 2020-2030F |
6.1.3 Turkey Carpet Market Revenues & Volume, By Woven, 2020-2030F |
6.1.4 Turkey Carpet Market Revenues & Volume, By Knotted, 2020-2030F |
6.1.5 Turkey Carpet Market Revenues & Volume, By Needle Felt, 2020-2030F |
6.1.6 Turkey Carpet Market Revenues & Volume, By Tufted, 2020-2030F |
6.2 Turkey Carpet Market, By By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Turkey Carpet Market Revenues & Volume, By Nylon, 2020-2030F |
6.2.3 Turkey Carpet Market Revenues & Volume, By Polypropylene, 2020-2030F |
6.2.4 Turkey Carpet Market Revenues & Volume, By Polyester, 2020-2030F |
6.2.5 Turkey Carpet Market Revenues & Volume, By Acrylic, 2020-2030F |
6.2.6 Turkey Carpet Market Revenues & Volume, By Wools & Its Blends, 2020-2030F |
6.3 Turkey Carpet Market, By By End Use |
6.3.1 Overview and Analysis |
6.3.2 Turkey Carpet Market Revenues & Volume, By Infrastructure, 2020-2030F |
6.3.3 Turkey Carpet Market Revenues & Volume, By Residential, 2020-2030F |
6.3.4 Turkey Carpet Market Revenues & Volume, By Commercial, 2020-2030F |
6.3.5 Turkey Carpet Market Revenues & Volume, By Industrial, 2020-2030F |
6.3.6 Turkey Carpet Market Revenues & Volume, By Transportation, 2020-2030F |
6.3.7 Turkey Carpet Market Revenues & Volume, By Sports & Leisure , 2020-2030F |
7 Turkey Carpet Market Import-Export Trade Statistics |
7.1 Turkey Carpet Market Export to Major Countries |
7.2 Turkey Carpet Market Imports from Major Countries |
8 Turkey Carpet Market Key Performance Indicators |
9 Turkey Carpet Market - Opportunity Assessment |
9.1 Turkey Carpet Market Opportunity Assessment, By By Product Type, 2020 & 2030F |
9.2 Turkey Carpet Market Opportunity Assessment, By By Material Type, 2020 & 2030F |
9.3 Turkey Carpet Market Opportunity Assessment, By By End Use, 2020 & 2030F |
10 Turkey Carpet Market - Competitive Landscape |
10.1 Turkey Carpet Market Revenue Share, By Companies, 2023 |
10.2 Turkey Carpet Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |