Market Size of Turkey Carpet and Rugs Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 495.10 Million |
Market Size (2029) | USD 575.54 Million |
CAGR (2024 - 2029) | 3.06 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Turkey Carpet and Rugs Market Analysis
The Turkey Carpet and Rugs Market size is estimated at USD 495.10 million in 2024, and is expected to reach USD 575.54 million by 2029, growing at a CAGR of 3.06% during the forecast period (2024-2029).
Turkish carpet products include distinct dyes, colors, designs, textures, and techniques. They are typically decorated with gold, lines, bright colors, Islamic decorations, and occasionally Ottoman letters. Turkey is one of the world's largest carpet manufacturers, producing approximately 40% of the global carpets and exporting them to various countries worldwide. It owns many leading factories that provide the finest types of Turkish imports.
The COVID-19 pandemic expanded at an alarming rate, infecting millions and bringing economic activity to a halt as governments enforced harsh mobility restrictions to stem the virus's spread. Turkey was among the nations with the greatest potential for gain during the pandemic outbreak. Although its supply chain was damaged by the drop in raw material production in China due to COVID-19, it advertised itself as an alternative production hub for the Chinese market.
Turkey is a major exporter of machine-made carpets across the world. Turkey's machine-made carpet business considerably grew in recent years. The Turkish Exporters' Association estimates that the value of Turkish carpet exports in 2020 was approximately USD 2.6 billion. The provinces of Gaziantep, Istanbul, Usak, Bursa, and Kayseri are Turkey's most prominent carpet-producing regions.
One recent trend in the Turkish carpet and rug market is the increasing demand for sustainable carpets and rugs. Today's larger populations are speaking out in favor of environmental sustainability, reducing carbon emissions, and raising awareness of climate change. These are the primary forces in reshaping Turkey's carpet and rug market. Leading industry participants increasingly rely on environmentally responsible and sustainable carpets to reduce their negative environmental effects.
Turkey Carpet and Rugs Industry Segmentation
Carpets and rugs are floor coverings used to improve the aesthetics of the house/office spaces and provide comfort and warmth. They are typically made from woven wool, cotton, silk, and jute fabric. The rug is used to cover a specific area of the floor, while the carpet is used for covering wall-to-wall or fixed-to-the-floor. The Turkey Carpet and Rugs Market is segmented by type (tufted, woven, needle-punched, knotted, and others), application (residential and commercial), and distribution channel (offline (contractors, and retail), online, and other distribution channels). The report offers market sizes and forecasts for Turkey's carpets and rugs market are provided in terms of revenue (USD) for all the above segments.
Turkey Carpet and Rugs Market Size Summary
The Turkey carpet and rugs market is a significant player in the global industry, known for its rich variety of designs, colors, and techniques. Turkish carpets often feature intricate decorations, including Islamic motifs and Ottoman letters, and are produced using both traditional and modern methods. The country stands as one of the largest carpet manufacturers worldwide, contributing a substantial portion to global production and exports. The market has shown resilience and adaptability, particularly during the COVID-19 pandemic, where Turkey positioned itself as an alternative production hub amidst global supply chain disruptions. The provinces of Gaziantep, Istanbul, Usak, Bursa, and Kayseri are key regions for carpet production, with Gaziantep being a major center for machine-made carpets. The demand for sustainable and eco-friendly carpets is rising, driven by increasing environmental awareness among consumers. This trend is reshaping the market, with industry players focusing on reducing environmental impacts through sustainable practices and materials.
The Turkish carpet and rug market is experiencing growth, with a strong emphasis on innovation and sustainability. The market is characterized by a diverse range of products, including area rugs, carpet tiles, and eco-friendly options made from plant fibers like sea grass and sisal. The use of advanced materials and technologies, such as bitumen and PVC, helps manufacturers reduce costs while enhancing product features like flame retardancy and antimicrobial properties. The market is also witnessing increased trade with countries like Saudi Arabia, boosting exports of woven carpets and other textile floor coverings. Key players in the industry, such as MERINOS HALI SAN. VE TIC.A.S., Dinarsu T.A.S., and Milat Carpet, are expanding their production capacities and introducing new collections to meet evolving consumer preferences. The focus on sustainable and customizable carpeting solutions is expected to drive further growth in the coming years, as businesses and consumers alike seek environmentally responsible options.
Turkey Carpet and Rugs Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porter's Five Force Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Latest Technologies Used in the Industry
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1.7 Insights on Consumer Purchasing Behaviour in the Market
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1.8 Insight on Recent Developments in the Market
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1.9 Impact of COVID-19 on the Market
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1.10 Impact of Recent Earthquake on Key Manufacturing Hubs in Turkey
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Tufted
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2.1.2 Woven
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2.1.3 Needle-Punched
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2.1.4 Knotted
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2.1.5 Others
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2.2 By Application
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Offline (Contractors and Retail)
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2.3.2 Online
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2.3.3 Other Distribution Channels
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Turkey Carpet and Rugs Market Size FAQs
How big is the Turkey Carpet and Rugs Market?
The Turkey Carpet and Rugs Market size is expected to reach USD 495.10 million in 2024 and grow at a CAGR of 3.06% to reach USD 575.54 million by 2029.
What is the current Turkey Carpet and Rugs Market size?
In 2024, the Turkey Carpet and Rugs Market size is expected to reach USD 495.10 million.