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

Carpets and Rugs Market Size

As per the Carpets and Rugs Market size analysis conducted by the CMI Team, the global Carpets and 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 94.91 Billion. By 2034, the valuation is anticipated to reach USD 153.39 Billion.

Carpets and Rugs Market Overview

As per the industry experts at CMI, demand for high-quality and durable flooring products in both residential and commercial domains will be the primary driver of the global carpets and rugs market. There is an upsurge in consumer demand for sustainable and eco-friendly carpets, which is motivating the growth of this market, with driving factors being higher awareness regarding environmental impacts and government-backed initiatives that promote sustainability.

Carpets and Rugs Market Growth Factors and Dynamics

• The Upsurge in Demand for Home Renovation: The growing awareness of home renovations is complementing the global carpet and rugs market. Individuals are spending money on renovations, especially during times of economic recovery. Carpets and rugs add some warmth, design, and comfort to living areas, making them a preferred option for homes. This growing interest in home renovations, along with increasing disposable income, is helping the sales momentum of both the residential and commercial fronts. Homeowners are willing to spend on carpets and rugs to beautify their house; this augurs well for the growth of this industry.

• Sustainability and Eco-friendly Materials: Increasingly concerned with the environment, consumers are on the lookout for sustainable and eco-friendly products. Hence, manufacturers have begun to use recycled materials, natural fibers such as wool and jute, and eco-friendly processes. The movement toward greener products, therefore, goes a long way toward expanding market growth. Companies engaged in sustainable practices appeal to environmentally conscious consumers, perhaps the fastest-growing segment of the market.

• Technological Advancements in Manufacturing: Innovations in carpet making include digital printing, automation, and improved weaving formats. These innovations allow for more detailed designs, faster speeds, and better-quality production. Digital printing, in particular, is used, and customization of patterns and colors can respond to demands for unique and personalized products. Increased efficiency and cost-effectiveness of manufacturing further synergize the growth of the carpet and rugs market.

• Changing Consumer Preferences: Consumer preferences have shifted to carpets that provide functionality with style. Wool and nylon, the traditional carpet materials, are still very much in demand, while recycled polyester and other eco-friendly fibers are increasingly coming into demand. Customized options are becoming an important issue to consumers; they want carpets that exhibit their tastes and complement their home decor. Thus, the market is changing on different fronts, giving manufacturers a challenge to sharpen their new developments and diversify their product lines.

• Increased Competition and Market Fragmentation: On both ends, large-scale manufacturers and niche suppliers are increasing their focus on fragmentation within carpets and rugs. Established players are forced to compete with the entrants that have recently entered the market with cheaper or more specialized products, like handmade rugs, eco-friendly carpets, and so on. Online sale platforms themselves have increased competition amongst these brands, as smaller brands now have access to larger markets. Firms must focus on quality, innovation, and customer support to compete.

• Economic Factors Affecting Price Sensitivity: Economic conditions are highly influential in the carpet and rugs market. When the economy is doing well, consumers tend to splurge on premium, high-quality products. However, during economic recessions, consumers become price-sensitive and look for cheaper alternatives. Such price sensitivity could affect the marketability of luxury carpets; for example, consumers may choose to go with lower-priced materials. Companies need to find the right balance between affordability and quality for economically diverse consumers.

Report Scope

Carpets and Rugs Market SWOT Analysis

• Strengths: The carpet and rugs industry benefits from strong demand for these products in the residential and commercial sectors, arising from trends in home renovation and urbanization. The market is maintained by heavyweights like Mohawk Industries and Shaw Industries, producing high-quality, durable products. Furthermore, innovations in design and manufacturing sectors-from digital printing to the incorporation of sustainable materials-have led to an enhancement in product assortment. Increased importance of customization and sustainability from a consumer perspective further strengthens the market and provides avenues for companies toward growth and differentiation. The presence of established leaders ensures a strong market foundation, promoting long-term industry stability and endurance.

• Weaknesses: Major weaknesses of the carpet and rugs market stem from the raw materials that it handles, which include wool, polyester, and nylon. These materials are prone to considerable price changes, which may or may not be conducive to keeping production costs steady and directly linked to profit levels. Furthermore, processes in carpet manufacturing tend to be devastatingly unauthentic in terms of the environment, as they either generate a lot of waste or process toxic chemicals. Despite the intensifying growth of e-commerce, the market still heavily depends on retail channels, which slows down its penetration toward reaching a larger audience at a quicker pace. These factors threaten growth and profits, especially for smaller companies with little reputation.

• Opportunities: One of the crucial opportunities for the carpet and rugs market is increased demand for eco-friendly and sustainable products. Thus, in the wake of environmentalism, manufacturers can innovate further by using recycled materials and lowering their carbon footprints in their production processes. Growing chances of online shopping then give rise to companies’ expansion of the customer base by presenting customized products on such platforms. Urbanization paths, along with increased disposable income, mostly in the emerging markets, pave much way for the growth of the market, creating opportunities for different business models and product innovations.

• Threats: The carpet and rug market faces vigorous competition, not just from established market brands but also from new entrants, thus threatening price competition and low profit margins. Demand may be affected by economic downturns and consumer purchasing behavior, especially in premium products. The price fluctuations of raw materials can give rise to risks in the industry, which works with fibers and synthetic materials that are highly prone to price fluctuations. The increasing trend of minimalism, coupled with the vast acceptance of hard flooring options such as tiles and hardwood, could further exert pressure on the carpet and rugs market in some regions, especially with regard to designs for commercial spaces.

List of the prominent players in the Carpets and 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
• Kaleen
• The Natural Carpet Company
• Dixie Group Inc.
• Interface Inc.
• Carpet Planet
• Jaipur Rugs
• Others

The 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

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