Carpets and Rugs Global Market Report 2025

The carpets and rugs market size has grown strongly in recent years. It will grow from $50.62 billion in 2024 to $55.4 billion in 2025 at a compound annual growth rate (CAGR) of 9.4%. The growth in the historic period can be attributed to the expansion of the transportation sector, increased government initiatives and investments in infrastructure development, the rapid rise of the e-commerce industry, the growing popularity of DIY home improvement projects, and the rising demand for luxury and designer carpets and rugs.

The carpets and rugs market size is expected to see strong growth in the next few years. It will grow to $78.44 billion in 2029 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to rising disposable incomes, increasing urbanization, expansion of the construction and real estate industries, growth of the hospitality sector, and a surge in renovation and remodeling activities. Major trends expected during this period include advancements in manufacturing technologies, the development of stain-resistant and easy-to-clean carpet materials, the introduction of smart carpets, the adoption of 3D printing for carpet design, and greater automation in carpet production processes.

The increasing construction activities are expected to drive the growth of the carpets and rugs market going forward. Construction activities refer to the organized processes and operations undertaken to build, modify, or maintain buildings, infrastructure, or other physical structures. The rise in construction activities is attributed to rapid urbanization, which fuels demand for residential, commercial, and infrastructure developments to support growing populations. Carpets and rugs support construction activities by protecting newly installed floors and surfaces from damage, dust, and debris, ensuring cleanliness and operational efficiency on-site. For instance, in September 2025, according to the Census Bureau, a US-based government agency, residential construction reached a seasonally adjusted annual rate of 886.5 billion dollars in July, reflecting a 0.1 percent (±1.3 percent) increase from the revised June estimate of 885.9 billion dollars. Therefore, the increasing construction activities are driving the growth of the carpets and rugs market.

Key companies operating in the carpets and rugs market are focusing on developing innovative products such as hand-knotted carpets to enhance the aesthetic appeal of interiors. Hand-knotted carpets are handcrafted floor coverings created by meticulously tying individual knots on a loom, resulting in durable and intricate designs that showcase superior artistry. For instance, in October 2024, Hands Carpets, an India-based luxury carpet brand, introduced KNOTION, a carpet collection defined by its dynamic blend of flowing lines and curves highlighted through a vivid and colorful palette. Each of the ten designs draws inspiration from the complex pathways and turns of roads, symbolizing life’s continuous journey. The carpets exhibit a modern and pop-art-inspired aesthetic, giving each piece a distinctive character. During the launch event, architects, designers, journalists, and celebrities praised the collection for its rich textures and bold contemporary expression.

In January 2025, Jaipur Rugs, an India-based provider of handmade carpets and artisanal home décor products, acquired Shyam Ahuja for an undisclosed amount. Through this acquisition, Jaipur Rugs seeks to preserve and enhance Shyam Ahuja’s legacy while strengthening its position in the global luxury rug market. Shyam Ahuja is an India-based manufacturer of carpets and rugs.

Major players in the carpets and rugs market are Mohawk Industries Inc., Milliken & Company, Tarkett S.A., Victoria PLC, Engineered Floors LLC, Forbo Holding AG, Interface Inc., Mannington Mills Inc., Oriental Weavers Carpet Co., Shaw Industries Group Inc., The Dixie Group Inc., Surya Carpets Pvt. Ltd., Nourison Co., Obeetee Pvt. Ltd., Couristan Inc., Belgotex, Jaipur Rugs Co., Kaleen Inc., Saraswati Global Pvt. Ltd., Yak Carpet Pvt. Ltd., Kapotex Industries Pvt. Ltd., Shree Sai International, The Rug Republic, Welspun India Ltd.

North America was the largest region in the carpets and rugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in carpets and rugs report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The quick escalation of U.S. tariffs and the resulting strain in trade relations in spring 2025 are considerably influencing the Paper, Plastics, Rubber, Wood And Textile sector by inflating costs for imported pulp, resin, synthetic rubber, lumber, and cotton key inputs with limited domestic substitutes. Packaging manufacturers, for example, now pay more for plastic films and corrugated materials, squeezing margins in an already price-sensitive market. Textile producers face similar challenges, as tariffs on imported yarns and dyes compound pressures from rising labor costs. Some firms are shifting to recycled materials or biodegradable alternatives, while others consolidate suppliers to negotiate bulk discounts.

The carpets and rugs market research report is one of a series of new reports that provides carpets and rugs market statistics, including carpets and rugs industry global market size, regional shares, competitors with a carpets and rugs market share, detailed carpets and rugs market segments, market trends and opportunities, and any further data you may need to thrive in the carpets and rugs industry. This carpets and rugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Carpets and rugs are textile floor coverings that enhance the visual appeal and texture of interior spaces. They are made by interlacing fibers to create a continuous surface, contributing to the room’s overall design, ambiance, and aesthetic character. Serving as decorative elements, carpets and rugs can transform the appearance and feel of an interior by adding depth, pattern, and visual balance.

The primary types of carpets and rugs include woven, tufted, knotted, needle-punched, flat-weave, and others. Woven carpets and rugs are made by intertwining yarns on a loom to produce strong and intricate patterns and textures. These products are crafted from various materials, such as nylon, polyester, polypropylene, cotton, wool, silk, jute, and others, and are distributed through both online and offline channels. They are commonly used across residential and commercial settings.

The countries covered in the carpets and rugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carpets and rugs market consists of sales of area rugs, wall-to-wall carpets, runner rugs, oriental rugs, and shag rugs. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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