Carpets and Rugs

Global Carpets and Rugs Market to Reach US$45.4 Billion by 2030

The global market for Carpets and Rugs estimated at US$35.9 Billion in the year 2024, is expected to reach US$45.4 Billion by 2030, growing at a CAGR of 4.0% over the analysis period 2024-2030. Residential, one of the segments analyzed in the report, is expected to record a 4.2% CAGR and reach US$28.4 Billion by the end of the analysis period. Growth in the Commercial segment is estimated at 3.7% CAGR over the analysis period.

The U.S. Market is Estimated at US$11.2 Billion While China is Forecast to Grow at 5.4% CAGR

The Carpets and Rugs market in the U.S. is estimated at US$11.2 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2030 trailing a CAGR of 5.4% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.1% and 3.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

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.

Select Competitors (Total 776 Featured) -

• 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.

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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