Global Carpets and Rugs Market 2025–2034

Reports Description

Global Carpets and Rugs Market size was valued at USD 61,354.3 Million in 2025 and will reach USD 1,39,048.6 Million by 2033 at a CAGR of 8.89% during the forecast period 2025 – 2034.

Carpets and Rugs are utilized for their aesthetic appeal and practical qualities, including insulation and non-slip flooring. People increasingly use carpets because they provide a comfortable place to sit, play, or work, giving a room an overall warmer feeling.

In many residential and commercial applications, the carpet is used to cover the floor and interior spaces like homes, offices, and automotive interiors. Carpets also act as a barrier against damage.  Rugs are used to decorate the floor and office spaces. Rugs help to create a cozy and comfortable environment. Without a rug to anchor the decor items, it can feel as though the furniture is floating in space.

Carpets and Rugs Market: Growth Factors

The Growing Usage of Carpets and Rugs in the Residential Construction

Due to growing disposable income and supportive government policies, the rapidly expanding residential construction industry is expected to drive the demand for carpets and rugs across the globe.

The growing disposable income and improving standard of living across developing countries is fuelling the demand for new residential construction, which in turn boosts the demand for sustainable and environmentally friendly flooring solutions, thereby driving the demand for carpets and rugs.

The carpet offers various benefits such as safety, security, noise reduction, Indoor air quality, comfort, decorating, and aesthetic appeal in residential buildings. Thus, benefits are increasing its adaptation in residential flooring applications.

Furthermore, carpet provides thermal insulation and noise reduction in residential applications. During the winter and rainy seasons, many residential building owners use carpet for flooring applications because it retains warm air longer than other flooring types. In addition to keeping your home cozy in the winter, this attribute conserves energy.

Especially in cold climates, countries such as Germany, France, Russia, Canada, and the U.K. use carpets and rugs for floor coverings to reduce the side effects of cold waves.

Growing Renovation and Reconstruction Activities Across the Globe

Growing usage of carpets and rugs in offices and homes for aesthetical purposes is expected to drive the demand for carpets and rugs during the forecast period. In many developed and developed countries, there is an increase in the renovation and reconstruction activities of commercial as well as residential spaces due to the increasing inclination of Gen Z and Millennial people towards aesthetics and home decorations.

The growing popularity of contemporary and modern decoration methods is boosting the reconstruction and renovation of many commercial and residential buildings across North American and European countries, which in turn boosts the demand for carpets and rugs as flooring solutions.

Furthermore, growing urbanization and supportive government policies are expected to drive the demand for carpets and rugs during the forecast period. For instance, according to the data published by the World Bank, more than 4.5 Bn people across the globe are living in urban areas.

Thus, the trend is expected to increase during the forecast period, thereby recreating new construction and renovation of the existing buildings, which will aid market expansion of carpets and rugs during the forecast period.

Carpets and Rugs Market: Restraint

High Prices of the Raw Materials

The Carpets and Rugs are made up of various raw materials such as nylon, polyester, polypropylene, wool, cotton, silk, viscose, processing, and finishing chemicals. The prices of these raw materials fluctuate periodically due to uneven supply and supply chain disturbances across the globe.

The growing demand for these raw materials is creating pressure on the raw material manufacturers, thereby increasing the prices of these raw materials. Thus, growing prices of raw materials are increasing the overall production cost of the carpets and rugs, thereby increasing the selling prices, which in turn reduces the profit margin. Thus, such factors are restraining the market growth.

Stringent Regulations

Growing stringent regulations on carpets and rugs production are also restraining the market growth. Every region and country has its own set of rules and regulations pertaining to the production of carpets and rugs. Key players operating in the market find it very difficult to cope with such country wide regulations. Thus, such factors discourage the overall investment in the market, thereby restraining the market growth.

High maintenance and cleaning costs associated with carpets and rugs are also restraining their adoption in many developing countries. Furthermore, the maintenance of carpets and rugs requires skilled labours. Developing countries’ lack of skilled laborers is expected to restrain the market growth.

Carpets and Rugs Market: Opportunity

Innovations in the Carpet Designs and Materials

The major key players such as Mohawk Industries Inc., Lowe’s Companies Inc., Tarkett Group and Victoria Carpets Ltd. operating in the carpets and rugs market are heavily investing in the carpet and rugs designs to improve the aesthetic appeal and designs of these products.

Furthermore, carpet manufacturers are integrating various smart technologies in the carpets to create unique, distinctive products that need very little maintenance. For instance, heating technology embedded in the rugs and carpets increases temperature and heats the floor. The demand for heating technology integrated carpets is increasing across the colder regions, thereby creating lucrative opportunities for market growth.

Additionally, many carpet and rug manufacturers are using sustainable and eco-friendly raw materials such as woolen, cotton, and recycled materials to reduce environmental impacts and promote sustainability. Thus, such factors are expected to create lucrative opportunities for the market during the forecast period.

Carpets and Rugs Market: Segmentation Analysis

The global carpets and rugs market is segmented by type, material, the end user, and by region. By type, the market is segmented into woven, knotted carpets, needles, tufted carpets, and others.  Among all of these, the woven type segment dominated the market and is expected to keep its dominance during the forecast period.

The demand for the woven type of segment is expected to increase during the forecast period exponentially due to its sustainable and environmentally friendly properties. These woven types of carpets and rugs produce less waste than any other kind, which in turn reduces the wastage and lowers the manufacturing cost.

The aesthetic value of woven based carpets is high. Thus, the aforementioned factors are driving this segment’s market growth during the forecast period.

By material, the global carpets and rugs market is segmented into nylon, polyester, polypropylene, and others. Among all of these, the Nylon segment dominated the market in 2023 and is expected to keep its dominance during the forecast period.

Various factors such as less cost of nylon raw materials, easy availability of this material, superior elasticity, excellent abrasion resistance, stain resistance and excellent yarn memory are driving the market growth of this segment during the forecast period.

Furthermore, the adaption of nylon material is increasing in the manufacturing of carpets and rugs due to their excellent strength and cost benefit analysis. The polypropylene segment is expected to grow at the fastest CAGR during the forecast period owing to the growing usage of polypropylene in carpet and rug manufacturing due to its durability, stain and fade resistance, and affordability.

By end user, the global carpets and rugs market is segmented into residential, commercial and automotive end user applications. Among all of these, the residential application segment dominated the market and is expected to keep its dominant during the forecast period owing to the growing adoption of carpets and rugs in residential applications.

The rapidly expanding residential construction industry, increasing demand for efficient flooring solutions, and growing urbanization are some of the factors propelling the market growth of this segment during the forecast period.  The commercial applications segment is expected to grow at the fastest CAGR during the forecast period owing to the growing demand for carpets and rugs in commercial office spaces as a flooring solution.

The growing investment in the global commercial infrastructure and increasing renovation and reconstruction activities of commercial spaces is expected to drive the demand for carpets and rugs during the forecast period.

Report Scope

Carpets and Rugs Market: Regional Analysis

By Region, Carpets and Rugs market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and Latin America. Among all of these, North America held the largest market share in 2023 and is expected to maintain its dominance during the forecast period.

Various factors such as the presence of well-established carpet manufacturing companies, rapidly expanding residential and commercial construction industry, increasing investment in new production facilities, and rising disposable income across the region are expected to propel the market growth of this region.

The major countries such as U.S., Canada and Mexico are mainly driving the market growth of this region. The U.S. region dominated the North America carpets and rugs market and is expected to grow substantially during the forecast period. Furthermore, the extreme snowfall and increasing cold waves in the region are expected to drive the demand for carpets and rugs during the forecast period.

Asia Pacific carpets and rugs market is expected to grow rapidly during the forecast period owing to rapidly expanding end use industries and growing consumer demand for carpets and rugs. The major countries such as China, India, Japan, ASEAN, South Korea and Australia are mainly driving the market growth of this region.

Various factors such as the easy availability of raw materials, the presence of a well-established value chain, increasing demand for innovative & aesthetic flooring solutions, rapidly expanding residential construction, and growing disposable income are mainly driving the market growth of this region.

Europe region is expected to hold a substantial market share during the forecast period. Major countries such as Germany, France, the U.K., Spain, the Netherlands, and Russia are mainly driving the market growth of this region. The increasing cold waves and growing demand for sustainable flooring solutions is expected to drive the demand for carpets and rugs during the forecast period.

Carpets and Rugs Market: Recent Developments

• Recently, KEA introduced its newest rice straw-based collection from Made in India, FRNDRING, in August 2020. The collection includes new eco-friendly goods like rugs, lampshades, and other decorations. The company wants to encourage farmers to practice sustainable agriculture and lessen pollution.

• In Oct 2024, Shaw Industries Group and PPG signed a strategic agreement with flooring leader Shaw Industries Group, Inc. to offer the PPG Flooring line of resinous flooring products. The products will be available to Shaw’s customers in the commercial property market via its Pat Craft brand. The partnership helps expand the market reach for PPG’s products and adds to Shaw’s expansive flooring and surface solutions portfolio.

List of the prominent players in the Carpets and Rugs Market:

• Mohawk Industries Inc.
• Shaw Industries Group
• Taekett S.A.
• Interface Inc.
• Dixie Group Inc.
• Milliken & Company
• Balta Industries
• NV Mannington Mills Inc.
• Tai Ping Carpets International Ltd
• Marquis Industries Inc
• Victoria PLC
• Oriental Weavers Company
• Home Depot Inc
• Lowe’s Companies Inc
• Saif Carpets Pvt. Ltd
• Genie Carpet Manufactures
• KarpetsbyRKS
• Marwar Carpets International
• Others

The Carpets and Rugs Market is segmented as follows:

By Type

• Tufted
• Woven
• Needle-punched
• Knotted
• Others

By Material

• Nylon
• Polyster
• Polypropylene
• Others

By End-User

• Residential
• Non-residential
• Automotive & Transportation

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America