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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
How big is the North America carpet and rug market?
North America carpet and rug industry generated USD 15 billion in revenue in 2023 and is set to exhibit robust growth through 2032 driven by the growing interest in carpets & rugs along with the rising electrification and urbanization in the region.
Why is the demand for tufted carpets and rugs increasing?
Tufted carpet and rug market size accounted for USD 31 billion in 2023 and is estimated to record substantial growth through 2032 as tufting enables the mass production of carpets and rugs at lower costs, making them more affordable for consumers compared to traditional weaving methods.
Who are the leading carpet and rug manufacturers?
Some of the top companies engaged in the carpet and rug market are 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, Taekett, Interface, Inc., Dixie Group, Inc., Orientals Weavers, Tai Ping, Victoria PLC, Genie Carpet Manufactures, KarpetsbyRKS, and Marwar Carpets International
What is the size of the carpet and rug industry?
Carpet and rug market reached USD 50 billion in revenue in 2023 and is projected to expand at 4.2% CAGR between 2024 and 2032 attributed to the demand for eco-friendly and sustainable flooring options.