Carpets and Rugs - Global Strategic Business Report

The global market for Carpets and Rugs was estimated at US$35.9 Billion in 2024 and is projected to reach US$45.4 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Carpets and Rugs market.

Global Carpets and Rugs Market - Key Trends & Drivers Summarized

Carpets and rugs have been an integral part of home and office décor for centuries, offering both aesthetic appeal and functional benefits. These textile floor coverings come in various types, including woven, tufted, knotted, and needle-felted, each distinguished by its unique manufacturing process and material composition. Woven carpets, the oldest type, are created on a loom and can feature intricate designs due to the detailed weaving process. Tufted carpets, which dominate the market, involve pushing yarn through a backing material to create loops or cut piles, making them versatile and cost-effective. Carpets and rugs not only enhance the visual appeal of spaces but also provide insulation, reduce noise, and add comfort underfoot. In recent years, there has been a growing trend towards sustainable and eco-friendly options, with consumers increasingly opting for products made from recycled materials or renewable resources.

The design and production of carpets and rugs have evolved significantly with advancements in technology and changing consumer preferences. Modern manufacturing techniques, such as computer-aided design (CAD) and advanced dyeing methods, allow for intricate patterns and vibrant colors that were previously difficult to achieve. CAD technology enables designers to create detailed and complex patterns with precision, while advanced dyeing techniques, such as solution dyeing, ensure that colors are more vibrant and resistant to fading. Additionally, the development of stain-resistant and durable synthetic fibers, such as solution-dyed nylon and polyester, has expanded the market, making carpets and rugs more practical for high-traffic areas and households with pets and children. These synthetic fibers can withstand heavy use and are easier to clean, addressing consumer demands for low-maintenance flooring options. The rise of e-commerce has also transformed the industry, providing consumers with a wider selection of products and the convenience of online shopping. This shift has allowed smaller manufacturers to reach a global audience and enabled customers to access a diverse range of styles and price points. Customization options have become more accessible, enabling buyers to tailor their purchases to specific dimensions, colors, and designs to suit their unique needs. Online tools and virtual room planners help consumers visualize how different carpets and rugs will look in their spaces, enhancing the shopping experience.

The growth in the carpets and rugs market is driven by several factors, including technological advancements, increased consumer spending on home décor, and a rising preference for sustainable products. Innovations such as automated tufting machines and robotic looms have increased production speeds and reduced labor costs, making carpets and rugs more affordable. Increased consumer spending on home décor, fueled by rising disposable incomes and a growing interest in interior design, has led to a higher demand for aesthetically pleasing and high-quality floor coverings. The popularity of home renovation shows and social media platforms showcasing interior design trends has inspired consumers to invest in stylish and personalized home décor. Furthermore, the trend towards sustainability has encouraged manufacturers to develop eco-friendly products, such as carpets made from natural fibers, recycled materials, and those with low VOC (volatile organic compound) emissions. Eco-conscious consumers are increasingly seeking products that have a minimal environmental impact, leading to the development of carpets made from materials like recycled plastic bottles and natural wool. The hospitality and real estate industries also contribute to market growth, as hotels, offices, and residential buildings increasingly seek stylish and functional flooring solutions. Additionally, government initiatives promoting green building standards and the increasing popularity of home renovation projects have further bolstered the demand for carpets and rugs. The market is poised for continued growth as it leverages technological innovations and responds to the increasing demand for sustainable and stylish floor coverings.

SCOPE OF STUDY:

The report analyzes the Carpets and Rugs market in terms of units by the following Segments, and Geographic Regions/Countries:

• Segments: Product Segment (Tufted, Woven, Other Product Segments); Application (Residential, Commercial)
• Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Residential segment, which is expected to reach US$28.4 Billion by 2030 with a CAGR of a 4.2%. The Commercial segment is also set to grow at 3.7% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $11.2 Billion in 2024, and China, forecasted to grow at an impressive 5.4% CAGR to reach $5.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Carpets and Rugs Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Carpets and Rugs Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Carpets and Rugs Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Adam Carpets Ltd., Tai Ping Carpets International Ltd., Westex Carpets, Mohawk Industries, Inc., Shaw Industries Group, Inc. and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 776 companies featured in this Carpets and Rugs market report include:

• Adam Carpets Ltd.
• Tai Ping Carpets International Ltd.
• Westex Carpets
• Mohawk Industries, Inc.
• Shaw Industries Group, Inc.
• Robusta BV
• Tarkett Group
• Bentley Mills, Inc.
• Brintons Carpets
• Danfloor A/S
• Cavalier Carpets Ltd.

This edition integrates the latest global trade and economic shifts as of June 2025 into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes segmentation by product, technology, type, material, distribution channel, application, and end-use, with historical analysis since 2015.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025, competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.
• Complimentary Update: Buyers receive a free July 2025 update with finalized tariff impacts, new trade agreement effects, revised projections, and expanded country-level coverage.