Carpet & Rugs Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The Global Carpet & Rugs Market is segmented by Type, by Application, by Distribution Channel, and Geography.

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Carpet & Rugs Market Size

Carpet and Rugs Market Summary
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Study Period 2019 - 2028
Market Size (2023) USD 36.21 Billion
Market Size (2028) USD 45.31 Billion
CAGR (2023 - 2028) 4.58 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Carpet and Rugs Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Carpet & Rugs Market Analysis

The Global Carpet And Rugs Market size is estimated at USD 36.21 billion in 2023, and is expected to reach USD 45.31 billion by 2028, growing at a CAGR of 4.58% during the forecast period (2023-2028).

The global carpets and rugs market has witnessed substantial growth over the last few years, and the growth of the market is attributed to several factors. Increasing consumer inclination towards the interior decorations coupled with the rising per capita disposable income of the consumers is anticipated to propel the growth of the global carpets and rugs market during the forecast period. One of the major factors driving the growth of the global carpets and rugs market is the expansion of the transportation and construction industries. Consumers are making a move toward non-geometrical designer patterns and attractive bold colors in carpets and rugs, which is likely to drive the global carpets and rugs market in the coming years. The global carpet and rugs market is estimated to be influenced by the emerging trends of the market. Increased demand for environment-friendly carpets, growing demand for contemporary area rugs, and increased adoption of carpet tiles are likely to boost the global carpets and rugs market in the coming years. In recent years, developments have focused on making the products more environment-friendly, versatile, and durable, as well as easier to install and maintain.

Carpet & Rugs Market Trends

This section covers the major market trends shaping the Carpet & Rugs Market according to our research experts:

Residential Segment is Driving the Market

Increases in housing starts and a strong interest in home renovation projects, such as the removal of worn or out-of-style carpets and rugs, will spur demand. The installation of new carpeting can improve a home’s appearance and boost its value. Carpets and rugs are often installed in newly built houses because of their moderate cost, ease of installation, and favorable aesthetics. Residential remodeling and replacement will continue to account for the largest share of carpet and rug demand as homeowners replace older or worn carpets and rugs with newer products that offer enhanced visuals or improved stain resistance.

Global Carpet and Rugs Market - Market Share, by Application, 2019

North America Region is Dominant in the Market

North America has been one of the leading regions in the global carpets and rugs market and is expected to continue with the same in the forthcoming years. The rapid expansion of the construction and housing activities across the region, particularly in the United States is one of the primary factors fostering the growth of the carpets and rugs market in near future. High consumer interest in interior decoration is one of the significant factors for the rising growth of carpets & rugs market in the United States. Apart from that, increasing renovation and remodeling activities in real estate sectors in the United States has resulted in the massive demand for carpets & rugs over the last few years. The region has a high rate of innovation, which helps in propelling market growth. High disposable income leads to a high level of investments and better standards of living. The United States is one of the countries generating the highest revenue for the market.

Global Carpet and Rugs Market - Market Share, by Region, 2019

Carpet & Rugs Industry Overview

The report covers major international players operating in the carpet and rugs market. The major players are focusing on innovation, as well as on including advanced technologies in their existing products. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets. In the future years, the companies are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, which states the carpets and rugs market.

Carpet & Rugs Market Leaders

  1. Mohawk Industries Inc.

  2. Victoria PLC

  3. Tai Ping Carpets International Limited

  4. Dixie Group Incorporation

  5. Tarkett SA

*Disclaimer: Major Players sorted in no particular order

Carpet and Rugs Market Concentration

Carpet & Rugs Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters 5 Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Technological Innovations

    7. 4.7 Demand and Supply Conditions of Global Carpets and Rugs Market

    8. 4.8 Recent Developments in the Market

    9. 4.9 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Tufted

      2. 5.1.2 Woven

      3. 5.1.3 Needle-punched

      4. 5.1.4 Knotted

      5. 5.1.5 Others

    2. 5.2 Distribution Channel

      1. 5.2.1 Mass Merchandisers

      2. 5.2.2 Home Centers

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Application

      1. 5.3.1 Residential

      2. 5.3.2 Commercial

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 South America

      3. 5.4.3 Europe

      4. 5.4.4 Asia-Pacific

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Competition Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Mohawk Industries, Inc.

      2. 6.2.2 Shaw Industries Group, Inc.

      3. 6.2.3 Tarkett S.A

      4. 6.2.4 The Dixie Group Inc

      5. 6.2.5 Milliken & Company

      6. 6.2.6 Tai Ping Carpets International Limited

      7. 6.2.7 Interface Inc.

      8. 6.2.8 Oriental Weavers Carpet Co.

      9. 6.2.9 Victoria Plc

      10. 6.2.10 Inter IKEA Group

    3. *List Not Exhaustive

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. APPENDIX

  9. 9. DISCLAIMER

**Subject to Availability

Carpet & Rugs Industry Segmentation

A complete background analysis of the carpet and rugs market, which includes an assessment of the parental market, emerging trends by segments and regional markets, significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

Type
Tufted
Woven
Needle-punched
Knotted
Others
Distribution Channel
Mass Merchandisers
Home Centers
Specialty Stores
Other Distribution Channels
Application
Residential
Commercial
Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa

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Carpet & Rugs Market Research FAQs

The Carpet and Rugs Market size is expected to reach USD 36.21 billion in 2023 and grow at a CAGR of 4.58% to reach USD 45.31 billion by 2028.

In 2023, the Carpet and Rugs Market size is expected to reach USD 36.21 billion.

Mohawk Industries Inc., Victoria PLC, Tai Ping Carpets International Limited, Dixie Group Incorporation and Tarkett SA are the major companies operating in the Carpet and Rugs Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).

In 2023, the North America accounts for the largest market share in the Carpet and Rugs Market.

Carpet & Rugs Industry Report

Statistics for the 2023 Carpet & Rugs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Carpet & Rugs analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Carpet & Rugs Market Report Snapshots

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