Turkey Carpet And Rugs Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.75 Billion |
| Market Size (2029) | USD 2.20 Billion |
| CAGR (2024 - 2029) | 4.67 % |
| Market Concentration | Low |
Major Players.webp "Turkey Carpet And Rugs Market 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 1.75 billion in 2024, and is expected to reach USD 2.20 billion by 2029, growing at a CAGR of 4.67% during the forecast period (2024-2029).
Globally recognized for its rich heritage and premium offerings, the Turkish carpets and rugs market boasts a legacy that spans centuries. Regions like Anatolia have gained prominence for their distinctive designs and expert craftsmanship. As one of the leading carpet producers globally, Turkey is responsible for approximately 40% of the world's carpet production and exports its creations to numerous countries. Turkey is home to several leading factories and ensures a steady supply of high-quality imports.
Turkey has emerged as a dominant player in the global machine-made carpet export arena, witnessing significant growth in recent years. The surging demand for sustainable options is a notable trend shaping the Turkish carpet and rug landscape. Market dynamics, influenced by shifting consumer preferences, global demand fluctuations, economic conditions, and competition from other carpet-producing nations, are pivotal in shaping the Turkish carpets and rugs market. To stay ahead, businesses in this segment must prioritize innovation, uphold stringent quality standards, and remain agile to market changes.
Turkey Carpet And Rugs Market Trends
Increasing Demand for Commercial Carpets and Rugs
Turkey's growing market is experiencing increased demand for commercial carpets and rugs. Tailored for businesses, offices, hotels, and other commercial venues, these carpets are becoming increasingly sought after. Several factors fuel this rising demand in Turkey. As the economy expands and businesses increase, the need for premium flooring solutions intensifies. Given that commercial spaces often require carpets in larger quantities, this further amplifies the demand. Turkey's vibrant tourism market also significantly propels the appetite for commercial carpets. Establishments like hotels and restaurants seek carpets that blend visual appeal with durability, ensuring they can endure heavy foot traffic.
Increasing Online Sales is Driving the Market
Online sales are driving growth in the Turkish carpets and rugs market. As e-commerce platforms and digital marketing strategies gain traction, Turkish carpet businesses are broadening their horizons, moving beyond their traditional brick-and-mortar establishments. These online sales offer a seamless shopping experience for local and international customers. Simultaneously, Turkish carpet businesses are tapping into a global audience, slashing overhead costs tied to physical storefronts, and rolling out targeted marketing campaigns to entice online shoppers. In response to this burgeoning online sales trend, Turkish carpet manufacturers and retailers are channeling investments into user-friendly websites, robust online marketing strategies, and secure payment gateways to elevate the online shopping experience.
Turkey Carpet And Rugs Industry Overview
The Turkish carpet and rug market is semi-fragmented. The report includes key information about market players, their products, finances, and developments. The report provides key information about market players, their products, finances, and developments. Technological advancements, driven by product innovation and process automation, are reshaping the market. Major players are enhancing their production capacities, positioning themselves for increased exports. Some prominent players include Merinos Hali Sanayi Ve Ticaret AS, Dinarsu TAS, Milat Carpet, Kaplan Kardeşler Carpet, and Grand Carpet.
Turkey Carpet And Rugs Market Leaders
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MERINOS HALI SAN. VE TIC.A.S.
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Dinarsu T.A.S.
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Milat Carpet
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Kaplan Kardeşler Carpet
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Grand Carpet
*Disclaimer: Major Players sorted in no particular order
Turkey Carpet And Rugs Market News
- January 2024: Ballard acquired a collection of carpets from the Ottoman Empire, known for intricate designs and historical significance. These carpets reflect the rich cultural heritage and craftsmanship of the period.
- January 2023: Milat unveiled its latest offering, the Maxell Collections, featuring an extensive range of carpets and rugs crafted from polyester and viscose yarn.
Turkey Carpet and Rugs Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Tourism Industry is Driving the Market
- 4.2.2 Cultural Significance is Driving the Market
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4.3 Market Restraints
- 4.3.1 Fluctuating Raw Material Prices
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4.4 Market Opportunities
- 4.4.1 E-commerce Expansion is Creating an Opportunity
- 4.5 Value Chain / Supply Chain Analysis
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4.6 Porter's Five Force Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Power of Buyers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitutes
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights into Latest Technologies Used in the Industry
- 4.8 Insights on Consumer Purchasing Behavior in the Market
- 4.9 Impact of Recent Earthquake on Key Manufacturing Hubs in Turkey
- 4.10 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Type
- 5.1.1 Tufted
- 5.1.2 Woven
- 5.1.3 Needle-punched
- 5.1.4 Knotted
- 5.1.5 Other Types
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5.2 By Application
- 5.2.1 Residential
- 5.2.2 Commercial
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5.3 By Distribution Channel
- 5.3.1 Offline (Contractors and Retail)
- 5.3.2 Online
- 5.3.3 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Merinos Hali Sanayi Ve Ticaret AS
- 6.2.2 Dinarsu TAS
- 6.2.3 Milat Carpet
- 6.2.4 Kaplan Kardeşler Carpet
- 6.2.5 Grand Carpet
- 6.2.6 Empara Hali
- 6.2.7 Festival Carpet
- 6.2.8 Kartal Hali Tekstil San. Tic A.S.
- 6.2.9 Angora Carpets Corp
- 6.2.10 ipek Mekik Hali
- 6.2.11 Aydin Carpets
- 6.2.12 Saray Hali
- 6.2.13 Padisah Hali
- 6.2.14 Melikhan Carpets*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
** Subject To AvailablityTurkey 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. The Turkish carpet and rugs market is segmented by type into tufted, woven, needle-punched, knotted, and other types, application into residential and commercial, and distribution channels into offline (contractors and retail), online, and other distribution channels. The report offers market size and forecasts for the Turkish carpets and rugs market, which are provided in terms of revenue (USD) for all the above segments.
| By Type | Tufted |
| Woven | |
| Needle-punched | |
| Knotted | |
| Other Types | |
| By Application | Residential |
| Commercial | |
| By Distribution Channel | Offline (Contractors and Retail) |
| Online | |
| Other Distribution Channels |
Turkey Carpet and Rugs Market Research FAQs
How big is the Turkey Carpet And Rugs Market?
The Turkey Carpet And Rugs Market size is expected to reach USD 1.75 billion in 2024 and grow at a CAGR of 4.67% to reach USD 2.20 billion 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 1.75 billion.
Who are the key players in Turkey Carpet And Rugs Market?
MERINOS HALI SAN. VE TIC.A.S., Dinarsu T.A.S., Milat Carpet, Kaplan Kardeşler Carpet and Grand Carpet are the major companies operating in the Turkey Carpet And Rugs Market.
What years does this Turkey Carpet And Rugs Market cover, and what was the market size in 2023?
In 2023, the Turkey Carpet And Rugs Market size was estimated at USD 1.67 billion. The report covers the Turkey Carpet And Rugs Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Turkey Carpet And Rugs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Turkey Carpets and Rugs Industry Report
Statistics for the 2024 Turkey Carpets and Rugs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkey Carpets and Rugs analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
