The market is dominated by domestic suppliers, as imports account for 4.4% of total market size in 2023. Households drive market demand, with household spending representing 83.5% of total demand in 2023. India has the second largest market size for carpets and rugs regionally, with demand reaching USD4.7 billion in 2023. Cottage Industries Exposition Ltd is the largest company in India, generating 1.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 4.0% of total production value in 2023. The total number of companies decreases in 2023, to 158,373 units. The costs of the industry increase by 0.1% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 16.9% of production value in 2023, the fifth highest regionally. The industry’s exports share decreases in 2023 to 28.6% of total production output. With production value of USD4.4 billion, India accounts for 25.6% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Carpets and Rugs in India: ISIC 1722. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Carpets and Rugs in India: ISIC 1722 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of cordage, rope, twine and netting, finishing of textiles, made-up textile articles, spinning of textile fibers; weaving of textiles, tanning and dressing of leather, and technical textiles, labels, badges and other textile products.
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