Carpets and Rugs Market Size, Share, Growth Analysis Report By Type (Tufted, Woven, Needle-punched, Knotted, Others), By Material (Nylon, Polyester, Polypropylene), By End-User (Residential, Non-residential, Automotive & Transportation), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Mohawk Industries, Inc.
- Shaw Industries Group
- Taekett S.A.
- Interface, Inc.
- Others
Reports Description
The global carpets and rugs market was estimated to be worth USD 78.12 billion in 2021, and it is expected to reach USD 82.12 billion in 2022 and USD 120 billion by 2030, with a CAGR of around 5.5% between 2022 and 2030. The analysis examines the market’s drivers and restraints as well as their effects on the demand for carpets and rugs over the forecast period. The paper also looks at international opportunities in the global carpets and rugs market.
Carpets and Rugs Market: Overview
Rugs and carpets are utilized for their aesthetic appeal and practical qualities, including insulation and non-slip flooring. The floor is covered with carpet, which improves the aesthetics of interior spaces like homes and offices and acts as a barrier against damage. Especially in regions with cold climates, carpets and floor coverings keep the floor from getting too cold. The developed world used to have the biggest demand for carpets and rugs. However, this trend has shifted recently as people spend more money to upgrade their homes and offices aesthetically.
Despite difficulties like the availability of alternative solutions and severe competition like the rising desire for concrete floors, the demand for carpets and rugs is expanding quickly. Rugs are a safety measure to reduce falls and prevent major accidents, especially when a child is present at home or school. They also improve the beauty of the house and its surroundings. Demand for these materials keeps rising as construction activity rises in developed and emerging nations.
Carpets and Rugs Market: COVID-19 Impact Analysis
The 2020 blockage of the COVID-19 epidemic put pressure on the global carpet tile market and decreased the number of new residential construction projects. Blockade constraints brought on by economic uncertainties and purchasing power parity have hampered the procurement of new carpet tiles. However, the market is anticipated to rebound during the projection period due to shifting conditions and consumer attitudes toward a pandemic.
Carpets and Rugs Market: Growth Drivers
Rising construction activity in developed and developing countries is primarily driving the global market for carpets and rugs. The worldwide carpet and rug industry is driven by people being more aesthetically pleasant at home and work. Leading vendors are investing more in R&D and concentrating on creating technologically advanced carpets and rugs. Manufacturers use cutting-edge and environmentally friendly materials to deliver high-quality products to consumers. Increased sales of carpets and rugs via online channels and e-commerce platforms may open up new potential for industry players.
Modern decor is becoming popular among consumers for their homes and offices. As a result, they frequently spend more money on cosmetic improvements to their homes and workplaces. The demand for carpets and rugs will rise as a result. Additionally, the industry is anticipated to benefit from increased disposable incomes for consumers, particularly in developing nations. More than 4.2 billion people, or 55 percent of the world’s population, live in urban regions, according to the World Bank. This pattern might persist, which will aid market expansion.
Carpets and Rugs Market: Segmentation Analysis
The market for carpets and rugs is segmented into woven and knotted carpets and rugs, carpets and rugs in the shape of needles, tufted carpets and rugs, and others based on type. Over the forecast year, revenue in the woven carpet and floor covering categories is anticipated to increase quickly. These rugs and rugs produce less waste than any other kind, lowering manufacturers’ costs. In terms of functionality, aesthetics, and value, woven carpets and rugs provide designers, architects, and end-users with substantial advantages over other forms.
The nylon category, which accounts for the greatest share on a material basis, is anticipated to expand at the second-highest CAGR during the projection period. The superior elasticity, stain resistance, abrasion resistance, excellent yarn memory to keep twists, capacity to conceal stains, and superior cleaning action of nylon explain this expansion. Due to their excellent strength, nylon fiber carpets are typically used in high-traffic areas for industrial and commercial carpets. The carpet market’s polypropylene segment is anticipated to experience the greatest growth during the anticipated period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 78.12 Billion |
| Projected Market Size in 2030 | USD 120 Billion |
| CAGR Growth Rate | 5.5% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Mohawk Industries, Inc., Shaw Industries Group, Taekett S.A., Interface, Inc., Dixie Group, Inc., and Others |
| Key Segment | By Type, Material, End-User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. Examine possible purchases |
Key Insights:
- The Carpets and Rugs market is anticipated to expand annually at a CAGR of roughly 5.5% over the projected period, according to the study supplied by our research analyst (2022-2030).
- The market for carpets and rugs was estimated to be worth roughly USD 78.12 billion in revenue in 2021, and it is anticipated to grow to USD 120 billion by 2030. A number of driving factors are expected to make the market grow significantly over the coming years.
- Based on material segmentation, it was anticipated that nylon material would hold the largest market share in 2021.
- Geographically speaking, the “North America” region generated the most income in 2021.
- The Europe Carpets and Rugs Market size was estimated at USD 21.73 Billion in 2021 and is expected to hit around USD 32.76 Billion by 2030
Recent Development
Aug 2020 – IKEA introduced its newest rice straw-based collection from Made in India, FRNDRING, in August 2020. The collection includes a new line of eco-friendly goods like rugs, lampshades, and other decorations. The company wants to encourage farmers to practice sustainable agriculture and lessen pollution.
Regional Landscape
In terms of revenue share, North America’s market dominated in 2021. Due to rising construction activity in India, China, Japan, and Indonesia, the Asia Pacific region is anticipated to post a substantial CAGR in sales throughout the projection period. The expansion of the carpet market in the area is also being fueled by the presence of several hands weaving machines and increased disposable income.
Competitive Landscape
The study covers an in-depth competitive analysis of these important players in the Carpets and rugs market, including their company profiles, latest developments, and important market strategies.
The global 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
By Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- 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
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Carpets & Rugs Market (2022 – 2030) (USD Billion)
- 2.2 Global Carpets & Rugs Market: snapshot
- Chapter 3. Global Carpets & Rugs Market – Industry Analysis
- 3.1 Carpets Rugs Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Growing construction activity in developed and emerging nations
- 3.2.2 Driver 2
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Material
- 3.7.3 Market Attractiveness Analysis By End-User
- Chapter 4. Global Carpets & Rugs Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Carpets & Rugs Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Carpets & Rugs Market: Type Analysis
- 5.1 Global Carpets & Rugs Market Overview: By Type
- 5.1.1 Global Carpets & Rugs Market Share, By Type, 2021 and 2030
- 5.2 Tufted
- 5.2.1 Global Carpets & Rugs Market by Tufted, 2022 – 2030 (USD Billion)
- 5.3 Woven
- 5.3.1 Global Carpets & Rugs Market by Woven, 2022 – 2030 (USD Billion)
- 5.4 Needle-punched
- 5.4.1 Global Carpets & Rugs Market by Needle-punched, 2022 – 2030 (USD Billion)
- 5.5 Knotted
- 5.5.1 Global Carpets & Rugs Market by Knotted, 2022 – 2030 (USD Billion)
- 5.6 Others
- 5.6.1 Global Carpets & Rugs Market by Others, 2022 – 2030 (USD Billion)
- 5.1 Global Carpets & Rugs Market Overview: By Type
- Chapter 6. Global Carpets & Rugs Market: Material Analysis
- 6.1 Global Carpets & Rugs Market Overview: By Material
- 6.1.1 Global Carpets & Rugs Market Share, By Material, 2021 and 2030
- 6.2 Nylon
- 6.2.1 Global Carpets & Rugs Market by Nylon, 2022 – 2030 (USD Billion)
- 6.3 Polyester
- 6.3.1 Global Carpets & Rugs Market by Polyester, 2022 – 2030 (USD Billion)
- 6.4 Polypropylene
- 6.4.1 Global Carpets & Rugs Market by Polypropylene, 2022 – 2030 (USD Billion)
- 6.1 Global Carpets & Rugs Market Overview: By Material
- Chapter 7. Global Carpets & Rugs Market: End-User Analysis
- 7.1 Global Carpets & Rugs Market Overview: By End-User
- 7.1.1 Global Carpets & Rugs Industry Share, By End-User, 2021 and 2030
- 7.2 Residential
- 7.2.1 Global Carpets & Rugs Industry by Residential, 2022 – 2030 (USD Billion)
- 7.3 Non-residential
- 7.3.1 Global Carpets & Rugs Industry by Non-residential, 2022 – 2030 (USD Billion)
- 7.4 Automotive & Transportation
- 7.4.1 Global Carpets & Rugs Industry by Automotive & Transportation, 2022 – 2030 (USD Billion)
- 7.1 Global Carpets & Rugs Market Overview: By End-User
- Chapter 8. Carpets & Rugs Industry: Regional Analysis
- 8.1 Global Carpets & Rugs Industry Regional Overview
- 8.2 Global Carpets & Rugs Industry Share by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Carpets & Rugs Industry, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.4 North America Carpets & Rugs Industry, by Type, 2022 – 2030
- 8.4.1 North America Carpets & Rugs Industry, by Type, 2022 – 2030 (USD Billion)
- 8.5 North America Carpets & Rugs Industry, by Material, 2022 – 2030
- 8.5.1 North America Carpets & Rugs Industry, by Material, 2022 – 2030 (USD Billion)
- 8.6 North America Carpets & Rugs Industry, by End-User, 2022 – 2030
- 8.6.1 North America Carpets & Rugs Industry, by End-User, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Carpets & Rugs Industry, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.8 Europe Carpets & Rugs Industry, by Type, 2022 – 2030
- 8.8.1 Europe Carpets & Rugs Industry, by Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Carpets & Rugs Industry, by Material, 2022 – 2030
- 8.9.1 Europe Carpets & Rugs Industry, by Material, 2022 – 2030 (USD Billion)
- 8.10 Europe Carpets & Rugs Industry, by End-User, 2022 – 2030
- 8.10.1 Europe Carpets & Rugs Industry, by End-User, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Carpets & Rugs Industry, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Carpets & Rugs Industry, by Type, 2022 – 2030
- 8.12.1 Asia Pacific Carpets & Rugs Industry, by Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Carpets & Rugs Industry, by Material, 2022 – 2030
- 8.13.1 Asia Pacific Carpets & Rugs Industry, by Material, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Carpets & Rugs Industry, by End-User, 2022 – 2030
- 8.14.1 Asia Pacific Carpets & Rugs Industry, by End-User, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Carpets & Rugs Industry, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.16 Latin America Carpets & Rugs Industry, by Type, 2022 – 2030
- 8.16.1 Latin America Carpets & Rugs Industry, by Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Carpets & Rugs Industry, by Material, 2022 – 2030
- 8.17.1 Latin America Carpets & Rugs Industry, by Material, 2022 – 2030 (USD Billion)
- 8.18 Latin America Carpets & Rugs Industry, by End-User, 2022 – 2030
- 8.18.1 Latin America Carpets & Rugs Industry, by End-User, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Carpets & Rugs Industry, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Carpets & Rugs Industry, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Carpets & Rugs Industry, by Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Carpets & Rugs Industry, by Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Carpets & Rugs Industry, by Material, 2022 – 2030
- 8.21.1 The Middle-East and Africa Carpets & Rugs Industry, by Material, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Carpets & Rugs Industry, by End-User, 2022 – 2030
- 8.22.1 The Middle-East and Africa Carpets & Rugs Industry, by End-User, 2022 – 2030 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Mohawk Industries Inc.
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Shaw Industries Group
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Taekett S.A.
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Interface Inc.
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Dixie Group Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.1 Mohawk Industries Inc.
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
List of the prominent players in the global carpets & rugs market:
- Mohawk Industries, Inc.
- Shaw Industries Group
- Taekett S.A.
- Interface, Inc.
- Dixie Group, Inc.
- Others
FAQs
“North America” region will lead the global carpets & rugs market during the forecast period 2022 to 2030.
The expansion of the construction industry in both developed and developing countries is the primary factor propelling growth in the carpet and rug industry on a global scale. The demand for carpets and rugs all over the world is being driven by the fact that people want their homes and workplaces to be more visually appealing.
The key players operating in the carpets & rugs market are Mohawk Industries, Inc., Shaw Industries Group, Taekett S.A., Interface, Inc., Dixie Group, Inc., and Others.
The global carpets & rugs market is expanding growth with a CAGR of approximately 5.5% during the forecast period (2022 to 2030).
The global carpets & rugs market size was valued at US$ 78.12 billion in 2021 and it is projected to reach around US$ 120 billion by 2030.