Global Carpets and Rugs Market Size Likely to Surpass at a CAGR of 6.9% By 2034

As per the Carpets & Rugs Market size analysis conducted by the CMI Team, the global Carpets & Rugs Market is expected to record a CAGR of 6.9% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 94.94 Billion. By 2034, the valuation is anticipated to reach USD 153.39 Billion.

Overview

According to industry experts at CMI, Some Carpets and Rugs Market innovators are rethinking comfort, sustainability, and convenience while collaborating with designers, material scientists, and health and wellness professionals for the most advanced carpets and rugs. These products are designed with the utmost attention to health and the environment to meet the demand of the luxurious health conscious and eco-conscious consumer.

With the rise of eco-conscious living, the Carpets & Rugs Market and its products are no longer targeting the purely functional and traditional aesthetic. Today carpets and rugs are lifestyle and wellness products that improve the living environment while positively impacting the health of the consumer.

Key Trends & Drivers

• Development of Materials and Product Technology: Innovative and new materials for carpets that are sustainable, durable, and focus on comfort are largely driving market adoption. Such innovations include carpets that use natural fibers such as wool, jute, and cotton, as well as recycled synthetics and hybrid blends. Other innovations focus on stain resistance, ergonomic textures, and anti-allergen finishes. Modular carpets are ultra-thin nd high density, offering improved functionality, comfort, and aesthetics. Sustainable and biodegradable products also meet consumer demand for environmentally friendly options.

• Expansion of Retail: With the increase of e-commerce, subscription flooring services, and direct-to-consumer business models, consumer convenience is improved. Artificial intelligence tools that allow customers to virtually visualize products in their rooms and offer custom, predictive shopping enhance consumer satisfaction and loyalty. The combination of online promotion and omnichannel retailing to include virtual consultations promotes a seamless customer experience and increases the likelihood of repeat purchases.

• Strategic Collaboration and Innovation: Collaborative efforts involving manufacturers, interior designers, architects, and tech providers are crucial for rapid market differentiation. Research and market-driven innovations in carpet fibers technology, carpets ergonomics, acoustic performance, and sustainable backing materials are synergistic with strategic collaborations. This lifts the market positioning and leadership of such brands. Smart carpets, antimicrobial coatings, and modular designs offer new functionality and redefine the premium positioning of the product in both residential and commercial markets.

Report Scope

SWOT Analysis

• Strengths: Increasing consumer interest in the wellness benefits of interiors, sustainability, and the comfort of home increases the addressable market for carpets and rugs. Established brands deepen consumer trust and loyalty through the provision of premium, durable, and eco-friendly products made with trusted materials and certified manufacturing processes. Consistent alignment with ESG practices, sustainable sourcing, and eco-responsible manufacturing foster brand reputation and prolong market growth.

• Weaknesses: High production costs prevent smaller and emerging brands from innovating with quality materials, ergonomic design, and premium customization. Disparate regional regulations, building codes, and compliance standards for materials lead to market entry barriers. Smaller players’ competition with larger brands is also diminished by a lack of advanced manufacturing technologies, skilled labor, and sustainable raw materials.

• Opportunities: Regions in the Asia-Pacific, Latin America, and Africa have emerging markets and are rapidly urbanizing, acquiring disposable income, and becoming interested in sustainable quality home décor. The growth of e-commerce, subscription-based carpet and other flooring services, and AI design tools foster custom premium carpets. The innovation of sustainable materials, acoustics, modular comfort designs, and ergonomic comfort will foster greater adoption in both residential and commercial spaces.

• Threats: Competing with local producers, cheap imports, and counterfeit merchandise presents a challenge in the market. There are also raw material price fluctuations, supply chain interruptions, and other logistical issues that can affect production and profitability. Differences in local regulations, market affordability, and consumer preferences can also limit market entry—especially in economically sensitive and rural areas.

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

• Mohawk Industries Inc.
• Shaw Industries Group Inc.
• Beaulieu International Group
• Balta Industries NV
• Tarkett Group
• Victoria PLC
• Tai Ping Carpets International Ltd.
• Oriental Weavers Company
• Godfrey Hirst Carpets
• La Manufacture Cogolin
• Mannington Mills
• Forbo Holding AG
• Rugs USA
• Ruggable LLC
• Others

The Carpets & 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

By Distribution Channel

• Retail Stores
• E-Commerce
• Wholesale & B2B
• Mass Merchandisers

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