Carpet and Rug Market - By Product Type (Woven, Tufted, Knotted, Needle-punched, Flat-weave, Others), By Material (Nylon, Wool, Silk, Polyester, Acrylic, Others), By Application (Residential, Commercial), By Distribution Channel (Online, Offline), Forecast 2024 – 2032

Carpet and Rug Market Size

Carpet and Rug Market size was valued at USD 50 billion in 2023 and is anticipated to register a CAGR of over 4.2% between 2024 and 2032. Carpets and rugs are textile floor coverings that are commonly used in homes, offices, and various other commercial spaces. They serve both functional & aesthetic purposes, providing warmth, comfort, and insulation while also enhancing the decor of a room.
 

There has been a growing demand for eco-friendly and sustainable flooring options, including carpets and rugs made from recycled materials or natural fibers such as wool, jute, or bamboo. Consumers are increasingly concerned about the environmental impact of their purchases, driving manufacturers to offer more sustainable options. Advancements in technology have led to innovative carpet and rug designs as well as improved manufacturing processes. Digital printing techniques enable intricate patterns and customization, while advancements in stain resistance and durability enhance the performance of carpets & rugs.
 

Additionally, consumers are increasingly seeking personalized and unique flooring options to reflect their styles & preferences. Manufacturers are responding to this demand by offering customization options, allowing customers to choose from a variety of colors, patterns, and textures. Design preferences play a significant role in shaping the carpet and rug market with trends influenced by factors such as interior design styles, color palettes & texture preferences. Contemporary designs featuring geometric patterns, muted tones, and natural textures are also popular among consumers, propelling market growth.
 

Carpets and rugs require regular maintenance & cleaning to preserve their appearance and longevity. Some consumers may find this upkeep challenging or inconvenient, especially in high-traffic areas or households with pets and children. Additionally, changing consumer preferences and lifestyle trends can influence the demand for carpets and rugs.
 

For example, the preference for hard surface flooring in modern interior designs or the popularity of minimalist aesthetics may impact the demand for carpets and rugs. The cost of raw materials, such as wool, nylon, polyester, and other synthetic fibers used in carpet manufacturing, can fluctuate due to factors such as supply chain disruptions, changes in demand, and geopolitical issues. This volatility can impact the profitability of carpet manufacturers, in turn, affecting market expansion.
 

Carpet and Rug Market Trends

Changes in consumer preferences, lifestyle trends, and interior design aesthetics greatly influence the demand for carpets & rugs. For example, shifts toward eco-friendly materials, minimalist design, or traditional motifs can impact the types and styles of carpets & rugs that are popular. The health of the housing market and levels of construction activity directly affect the demand for carpets & rugs. Increased construction of residential and commercial properties typically leads to higher demand for flooring products.
 

Additionally, population growth, urbanization trends, and household formation rates impact the demand for carpets & rugs. As the urban population grows and more households are formed, there is typically an increase in the demand for residential flooring products. The market is influenced by globalization and trade dynamics including factors such as international tariffs, trade agreements, and competitive pressures from both domestic & foreign manufacturers. Growing awareness of environmental issues and sustainability considerations are influencing consumer preferences toward eco-friendly & sustainable flooring options. This trend is driving the demand for carpets and rugs made from recycled materials, natural fibers & low-Volatile Organic Compound (VOC) adhesives.
 

Carpet and Rug Market Analysis

Based on product type, the market can be divided into woven, tufted, knotted, needle-punched, flat-weave, and others. The tufted segment dominated the global market, accounting for USD 31 billion in 2023. Tufting is a relatively inexpensive manufacturing process compared to traditional weaving methods. It enables the mass production of carpets and rugs at lower costs, making them more affordable for consumers. Additionally, tufted carpets and rugs can be easily customized to meet specific customer requirements such as size, color & design. This flexibility is especially beneficial for commercial projects where unique designs or branding elements may be desired.
 

Based on material, the market is categorized into nylon, wool, silk, polyester, acrylic, and others. In 2023, the wool segment accounted for a market share around 49%. Wool is a natural fiber known for its resilience and durability. Wool carpets & rugs can withstand heavy foot traffic and maintain their appearance over time, thereby making them a popular choice in homes & commercial spaces. Additionally, wool fibers are naturally soft and provide a comfortable surface to walk on. They create a warm and inviting atmosphere in rooms, making wool carpets & rugs particularly desirable in living rooms, bedrooms, and other areas where comfort is a priority. These advantages will propel segment growth over the forecast period.
 

Based on application, the carpet and rug market is divided into residential and commercial. In 2023, the residential segment led the global market with a share around 72%. Residential consumers often prioritize aesthetics and comfort in their homes, leading to a steady demand for carpets & rugs to enhance the interior design and provide warmth & coziness. Additionally, carpets & rugs provide warmth and comfort underfoot, making them highly desirable in residential settings, especially in areas with cold climates. They create a cozy atmosphere and insulate floors, particularly in bedrooms & living rooms where people spend a lot of time.
 

Based on distribution channel, the carpet and rug market is divided into online and offline. In 2023, the offline segment led the market with a share around 72%. In offline stores, customers can visually inspect the color, pattern, and design of the carpets & rugs under different lighting conditions, ensuring they match their preferences & existing décor. Additionally, many offline retailers offer customization options for carpets and rugs, allowing customers to choose specific colors, sizes & patterns tailored to their preferences. This level of customization is often easier to facilitate in person than online, thereby boosting segment growth.
 

North America dominated the global carpet and rug market, generating USD 15 billion in 2023. This leading position is attributed to the increasing interest in carpets & rugs along with the rising electrification and urbanization in the region. As urbanization gains momentum, a growing number of individuals will migrate to cities, elevating living standards and presenting lucrative opportunities for the expansion of carpets & rugs. The rise in disposable income further contributes to this regional market trend.
 

Carpet and Rug Market Share

In 2023, dominant market players including Mohawk Industries, Inc., Shaw Industries Group Inc., Genie Carpet Manufacturers, Royalty Carpet Cleaning & Flooring, and Inter IKEA Systems B.V. collectively held a substantial 15% - 20% market share. The market is highly fragmented with industry leaders actively engaged in strategic initiatives such as mergers & acquisitions, facility expansion, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research & development to improve their home improvement products and incorporate new technologies, thereby enabling them to stay ahead of the competition.
 

Carpet and Rug Market Companies

Major players operating in the carpet and rug industry include:

• Mohawk Industries, Inc.
• Shaw Industries Group Inc.
• Genie Carpet Manufacturers
• Royalty Carpet Cleaning & Flooring
• Inter IKEA Systems B.V.
• Beaulieu International Group
• Engineered Floors LLC
• Milliken & Company
• Lowe's
• Taekett
• Home Depot
• Interface, Inc.
• Dixie Group, Inc.
• Orientals Weavers
• Tai Ping
• Victoria PLC
• Saif Carpets Pvt. Ltd
• Genie Carpet Manufactures
• KarpetsbyRKS
• Marwar Carpets International
   

Carpet and Rug Industry News

• In September 2022, Jacaranda, a UK-based rugs and carpet brand, in collaboration with Tencel launched Seoni, the world's first collection of handwoven rugs & carpets made from 100% true carbon-zero TENCEL Lyocell fibers to boost the sustainability of home decorations and furnishings.
   
• In July 2022, Obeetee Carpets, a handwoven carpets manufacturer in India, launched a new collection, the Ajmmer collection. The new collection of carpets was created entirely with patterns and motifs derived from the architecture of the Ajmer Fort.
   

The carpet and rug market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Square Feet) from 2018 to 2032, for the following segments:

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Market, By Product Type

• Woven
• Tufted
• Knotted
• Needle-punched
• Flat-weave
• Others (hooked)

Market, By Material

• Nylon
• Wool
• Silk
• Polyester
• Acrylic
• Others (polypropylene, triexta)

Market, By Application

• Residential
• Commercial

Market, By Distribution Channel

• Online
• Offline

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Malaysia
  • Indonesia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA