Home > Consumer Goods & Services > Home Improvement > Carpet and Rug Market

Carpet and Rug Market Trends

Report ID: GMI8136
Published Date: Feb 2024
Report Format: PDF

Download Free Sample

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.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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.

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.

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