Industry Analysis & Industry Trends
The industry manufactures various types of carpets, rugs, mats and underlay. A key development over the past five years has been the fall in the price of key inputs, such as wool. Falling input prices have led to operating cost falling, which has widened industry profit margins. In addition to falling input prices, growing consumer confidence and growth in residential and commercial building construction has supported industry growth over the past five years. Initiatives by the government to reenergise the housing market have bolstered demand for carpet and rugs. The industry consists of a few large companies operating alongside a large number of small companies. Increased consolidation over the past five years has led to larger players' grip on the industry tightening... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Carpet and Rug Manufacturing industry has a medium level of industry concentration. The four largest firms are estimated to have a combined market share of 40.8% of industry revenue in 2016-17. The industry consists of a handful of large firms operating alongside an abundance of small firms.
In 2016, 70.8% of enterprises operating in the industry employed fewer than 20 employees. Furthermore, only 12.5% of players employed more than 100 staff. Over the past five years the industry has moved from a low level of market share concentration into a medium level of market share concentration. This can be attributed to consolidation activity and reductions in manufacturing activities. The.. purchase to read more