US Carpets and Rugs Market 2024–2033

Reports Description

As per the current market research conducted by CMI Market Research Team, the US Carpets and Rugs Market is expected to record a CAGR of 4.3% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 33.29 Billion. By 2030, the valuation is anticipated to reach USD 50.56 Billion.

The US Carpets and Rugs market refers to the industry involved in the manufacturing, distribution, and sale of floor coverings made from diverse materials, such as fabrics, fibers, and synthetic materials. It includes a vast range of goods that are intended to improve the aesthetics, comfort, and functioning of residential and business spaces.

The market operates in a competitive context, influenced by variables such as shifting customer preferences, technical improvements, and concerns about sustainability. Current developments include a push towards environmentally friendly solutions, more internet purchasing, the incorporation of modern technology, and customization to satisfy consumer needs for durability, maintenance, and performance enhancement.

US Carpets and Rugs Market – Significant Growth Factors

The US Carpets and Rugs market presents significant growth opportunities due to several factors:

• Eco-Friendly Focus: The US Carpets and Rugs market is witnessing a rising demand for sustainable and environmentally friendly products. Consumers are becoming more aware of the ecological impact and are seeking carpets and rugs made from recycled materials or natural fibers.

• Technological Innovations: Advancements in technology are driving the market with the introduction of innovative products. Improved manufacturing methods and the incorporation of smart features provide carpets and rugs with increased durability, stain resistance, easy cleaning, and even connectivity options, meeting the evolving needs of consumers.

• Online Retail Boom: The growth of online retail and e-commerce platforms has created substantial prospects for the carpets & rugs market. Consumers are becoming more comfortable purchasing these things online, and businesses may use digital platforms to reach a larger client base and provide a diverse choice of possibilities.

• Personalized Touch: Customization is becoming increasingly popular in the market. Customers want carpets and rugs that may be customised to their unique design, colour, pattern, or size requirements. Manufacturers and retailers can capitalise on this trend by offering customisation options that suit to consumers’ various wants.

• Focus on Health and Well-being: Consumers are prioritizing the construction of healthy and safe living spaces, resulting to a growth in demand for allergen-free carpets and rugs that are low in volatile organic compounds (VOCs). Companies can capitalise on this opportunity by developing solutions that improve indoor air quality while also contributing to overall well-being.

• Commercial Sector Expansion: The Carpets and Rugs market in the US is experiencing growth in the commercial sector, including offices, hotels, restaurants, and retail spaces. These sectors require carpets and rugs to enhance the ambience, acoustics, and safety of their spaces, creating favourable prospects for manufacturers and suppliers to meet the growing demand in these segments.

US Carpets and Rugs Market – Mergers and Acquisitions

The US Carpets and Rugs market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the rugs market include:

• Mohawk Industries and KAI Group: In 2021, Mohawk Industries acquired the rugs and carpets business of KAI Group, a leading manufacturer in the Asia-Pacific region. This strategic partnership aimed to expand Mohawk Industries’ global reach and strengthen its position in the US Carpets and Rugs market.

• Shaw Industries Group and Engineered Floors: In 2019, Shaw Industries Group, a prominent US carpets and flooring manufacturer, acquired Engineered Floors, a leading producer of residential and commercial carpets. This acquisition enabled Shaw Industries Group to broaden its product portfolio and enhance its manufacturing capabilities, strengthening its market presence in the US.

• Dixie Group and Atlas Carpet Mills: In 2017, a US-based manufacturer of carpets and rugs, acquired Atlas Carpet Mills, a leading supplier of commercial carpets. This strategic acquisition allowed Dixie Group to enhance its capabilities in the commercial sector and broaden its product offerings, strengthening its presence in the US market.

• Beaulieu International Group and Marlings: In 2018, Beaulieu International Group, a major player in the global flooring industry, acquired Marlings, a UK-based manufacturer of carpets and vinyl flooring. This acquisition allowed Beaulieu International Group to expand its product offerings and strengthen its position in the US Carpets and Rugs market.

• Interface and Nora systems: In 2018, Interface, a global leader in modular flooring, acquired Nora systems, a leading provider of premium rubber flooring solutions. This strategic acquisition allowed Interface to diversify its product range and offer a comprehensive portfolio of carpets, rugs, and rubber flooring options to cater to a wide range of customer needs.

• Mohawk Industries and IVC Group: In 2015, Mohawk Industries acquired IVC Group, a European manufacturer of luxury vinyl tile (LVT) and vinyl sheet products. This acquisition expanded Mohawk Industries’ product portfolio and provided access to innovative flooring technologies, further strengthening its position in the US Carpets and Rugs market.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the US Carpets and Rugs market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

US Carpets and Rugs Market – Significant Threats

The US Carpets and Rugs market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

• Intense Competition: The market is highly competitive, with numerous manufacturers, retailers, and suppliers vying for market share. Increased competition can lead to price pressures and reduced profit margins.

• Economic Volatility: Economic fluctuations and uncertainties, such as recessions or downturns, can affect consumer spending on non-essential items, including carpets and rugs. Economic instability poses a threat to market demand and growth.

• Shifting Consumer Preferences: Changing consumer preferences and trends in interior design styles, colors, and materials can impact market demand. Manufacturers and retailers must adapt to evolving consumer tastes to remain competitive.

• Environmental Concerns: Growing awareness and emphasis on sustainability and eco-friendliness pose a threat to the market. Consumers increasingly demand environmentally conscious products, and companies that fail to address sustainability concerns may lose market share.

• Raw Material Price Volatility: Fluctuations in the prices of raw materials used in carpet and rug production, such as textiles and fibers, can impact production costs and pricing of finished products, affecting market competitiveness.

• Technological Disruption: Advances in technology, such as alternative flooring options or innovative materials, may disrupt the traditional carpets and rugs market. Companies must stay abreast of technological developments to avoid being left behind.

Report Scope

Category-Wise Insights

By Type:

• Tufted: In the US Carpets and Rugs market, tufted carpets and rugs refer to floor coverings made by inserting yarns into a backing material to create loops or cut piles. Tufted products offer a balance between quality, cost-effectiveness, and versatility, making them popular among consumers. A notable trend in the market is the increasing demand for tufted carpets and rugs with unique patterns, vibrant colours, and enhanced durability, catering to evolving interior design preferences.

• Synthetic fibers: Woven carpets and rugs in the US Carpets and Rugs market refer to products created through the interlacing of yarns or fibers in a woven structure. These carpets and rugs offer durability, intricate designs, and a wide range of patterns and textures. A notable trend in Europe is the growing popularity of woven carpets and rugs with contemporary and minimalist designs, reflecting the preference for sleek and sophisticated aesthetics in interior design.

• Needle-Punched: Needle-punched carpets and rugs are made by connecting fibres mechanically with barbed needles. They are well-known for their long life, hardiness, and low cost. Needle-punched carpets and rugs are becoming increasingly popular in Europe due to their suitability for high-traffic locations such as commercial spaces and public buildings, where durability and low maintenance are necessary.

• Knotted: Knotted carpets and rugs are crafted by hand or machine, with individual yarns being tied to the foundation. They are valued for their intricate designs, luxurious texture, and craftsmanship. In Europe, the demand for knotted carpets and rugs is driven by the appreciation for traditional and artisanal aesthetics, as well as the preference for high-quality and timeless flooring options.

• Others: The other category in Europe’s carpets and rugs market encompasses various types of floor coverings, including tufted, woven, and printed carpets. These offer diverse design options, from bold patterns to subtle textures, catering to different consumer preferences. This segment experiences continuous innovation, with advancements in materials, production techniques, and design patterns, providing consumers with a wide range of choices for their flooring needs.

By Material:

• Nylon: Nylon is widely used in the Europe market for carpets and rugs. It is well-known for its strength, tenacity, and stain resistance. Nylon carpets and rugs are in high demand due to their ability to resist heavy foot activity while maintaining their appearance over time. The current trend in Europe’s carpets and rugs market is focused on sustainable nylon production methods and innovative designs that combine both style and functionality.

• Polyester: Polyester is another popular material in the Europe market for carpets and rugs. It offers various advantages, including softness, vibrant colours, and stain resistance. Carpets and rugs made from polyester are favoured for their luxurious feel and their ability to add elegance to any space. The present trend in the European carpets and rugs market is a growing need for sustainable polyester manufacturing methods as well as the creation of creative patterns to match changing consumer preferences.

• Polypropylene: Polypropylene is commonly used in the European market for carpets and rugs due to its low cost, simplicity of care, and moisture resistance. Polypropylene carpets and rugs are well-known for their long life and resilience to abrasion. In Europe, there is a growing need for polypropylene goods that are sustainable, such as recyclability and low environmental effects.

• Others: Alongside nylon, polyester, and polypropylene, the Europe market for carpets and rugs also includes materials like wool and blends. Wool carpets and rugs are valued for their natural warmth, softness, and luxurious qualities. Blends of diverse fibres provide a combination of desirable properties such as durability, softness, and stain resistance. The market trend in Europe’s carpets and rugs business highlights an increasing emphasis on sustainability, eco-friendly manufacturing processes, and the use of innovative materials and designs to fulfil consumers’ changing needs.

By End User:

• Residential: In the US Carpets and Rugs market, the residential sector refers to the usage of carpets and rugs in homes and apartments. The demand in this segment is driven by the desire for comfortable and visually appealing living spaces. Current trends include a preference for softer textures, versatile designs, and eco-friendly materials, catering to the evolving needs and preferences of homeowners.

• Non-Residential: The non-residential sector in the US Carpets and Rugs market encompasses commercial spaces such as offices, retail stores, hotels, and public buildings. The demand in this segment is influenced by factors like aesthetics, durability, and functionality. Trending preferences include carpet tiles for easy installation and maintenance, noise reduction solutions, and the incorporation of sustainable materials to align with corporate responsibility goals.

• Automotive & Transportation: The automotive and transportation sector involves the use of carpets and rugs in vehicles, including cars, aeroplanes, trains, and buses. The market in this segment is driven by factors like comfort, noise reduction, and interior aesthetics. Trends include the adoption of advanced materials with enhanced durability, stain resistance, and customization options to meet the unique requirements of vehicle manufacturers and consumers.

US Carpets and Rugs Market – Regional Analysis

The US Carpets and Rugs market is segmented into various locations of the US, including the West, Midwest, Northeast, and South. Here is a brief overview of each region:

• West US: Sustainable and eco-friendly carpets and rugs are in high demand in the Western United States. Consumers in this region are becoming more environmentally concerned, and they choose products manufactured from recycled materials or natural fibres. Additionally, there is a trend towards modern and minimalistic designs, with neutral color palettes and geometric patterns. Dominating manufacturers in the West US include Shaw Industries and Mohawk Industries.

• Midwest US: The Midwest US market is witnessing a rise in demand for carpets and rugs that offer warmth and comfort. Consumers in this region value cozy and inviting spaces, leading to the popularity of plush and soft carpet options. There is also an inclination towards traditional and classic designs, with rich colors and intricate patterns. Key manufacturers dominating the Midwest US market include Beaulieu of America and Interface.

• Northeast US: Luxury and high-end carpets and rugs are becoming increasingly popular in the Northeast United States. Premium fabrics, such as wool or silk, and sophisticated designs that lend beauty to their living spaces are sought after by consumers in this region. There is also a demand for carpets and rugs that offer superior durability and stain resistance. Leading manufacturers in the Northeast US market include Stanton Carpet Corporation and Nourison Industries.

• South US: The South US market is characterized by a preference for carpets and rugs that can withstand high foot traffic and humid climates. Consumers in this region prioritize functionality and easy maintenance. Popular trends include stain-resistant and moisture-resistant carpets, as well as carpets with cooling properties. Domination manufacturers in the South US market include Dixie Group and Engineered Floors.

Competitive Landscape – US Carpets and Rugs market

The US Carpets and Rugs market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

• Mohawk Industries Inc.
• Shaw Industries Group Inc.
• Beaulieu of America
• Dixie Group Inc.
• Engineered Floors LLC
• Interface Inc.
• Tarkett Group
• Stanton Carpet Corporation
• Couristan Inc.
• Masland Carpets & Rugs
• Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, in 2021, Shaw Industries, a leading manufacturer, introduced innovative carpet and rug collections that focused on sustainability and performance.

Similarly, Mohawk Industries expanded its production capabilities by investing in state-of-the-art manufacturing facilities. These developments highlight the industry’s commitment to offering environmentally friendly products and advancing manufacturing processes to meet evolving consumer demands.

In recent years, several new players have emerged in the US Carpets and Rugs market, focusing on innovation and product development to enter the industry. Several new players have embraced innovation and development to enter the US Carpets and Rugs market.

For instance, Interface, a global leader in modular flooring, has introduced innovative carpet tile designs that combine aesthetics with sustainability. Another example is Tarkett, which has focused on creating carpets and rugs with advanced features such as enhanced durability and ease of maintenance.

In terms of key players dominating the market, companies like Mohawk Industries and Shaw Industries hold significant market shares. They leverage their extensive product portfolios, strong distribution networks, and strategic partnerships to maintain a competitive edge and cater to diverse customer demands, solidifying their position as industry leaders.

The US Carpets and Rugs Market is segmented as follows:

By Type

• Tufted
• Woven
• Needle-Punched
• Knotted
• Others

By Material

• Nylon
• Polyester
• Polypropylene
• Others

By End User

• Residential
• Non-Residential
• Automotive & Transportation

• West US
• Midwest US
• Northeast US
• South US