Carpets & Rugs Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Carpets & Rugs Market
The carpets & rugs market size was valued at USD 50.29 billion in 2022, and the market is now projected to grow from USD 55.28 billion in 2023 to USD 106.1 billion by 2030, exhibiting a CAGR of 10.03% during the forecast period of 2023-2030.
The shutting down of the stores for some time brought on a number of problems with the supply of raw materials for carpet and rug manufacturing. The aspect of selling carpets and rugs was impacted because restaurants, hotels, and commercial offices that require carpets and rugs were reduced. The carpets & rugs market growth reduced and there little stocks due to chain breakdown for carpets and rugs.
The accessibility of products with technical advancement is high these days due to trends such as convenience, and the theme of customization in the residential and commercial spaces. Manufacturers’ primary interests lie in introducing innovations in the marketplace, enhancing the number of products, and, consequently, the growth of the market. Governments of different countries also act and incorporate modern technologies to help fuel this market. Thus, the increasing new end-use product installation and expanded focus on renovation and remodeling contribute to the increased carpets & rugs market share. It focuses on the functionalities used in the products as heat insulators for floor, slip resistance, and the appearance of the products. These are used in the world of interior designing and there is greater inclination from the consumer side towards interior designing coupled with improvement in the e-commerce business, rise in standards of living, and global market demands are all the factors that are fueling the market.
Consumer behavior is being environmentally conscious in their shopping and even in the overall consumption pattern. This factor has led to the implementation of sustainability actions including eco-friendly raw materials and sustainable products by the rugs and carpets market. The companies operating in the market are developing green products to meet the growing demand for products that are environmentally friendly all over the world.
Comprehensive Analysis of Carpets & Rugs Market Market
Informative of the global carpets and rugs market, the research covers its segmentation based on product type, material, and application. Regarding the products, knotted piles, and needle punched, woven, tufted, and others are recognized to fulfill consumers’ specific visual appeal and performance requirements. By material, the market is classified into animal-origin yarn, plant-origin yarn, and manufactured synthetic yarn, and, based on application, it is used in the residential and commercial areas fulfilling the varied needs of the consumers and utility.
North America ruled the marketplace and was valued at USD 18.08 billion in 2022. The speedy expansion of housing and construction activities, in particular within the U.S., is bolstering the marketplace increase in this location.
Tai Ping Carpets International Ltd. (China), Mohawk Industries Inc. (U.S.), Lowe's Companies Inc. (U.S.), Tarkett Group (France), Victoria Carpets Ltd. (U.S.), Shaw Industries Group Inc. (U.S.), Inter Ikea Systems B.V. (Netherlands), Genie Carpet Manufacturers (India), Beaulieu International Group (Belgium), Royalty Carpet Mills Inc. (U.S.), and Oriental Weavers Company (Egypt) are some major players in this industry. These corporations of organizations who're leaders within the field offer a level gambling field for all their competition as they assure growth and set necessities for the arena.
In July 2022 Obeetee Carpets an indian handwoven rugs producer introduced a brand-new collection the Ajmer collection. The brand-new collection of carpeting is produced completely with patterns as well as themes originating from the design of Ajmer Fort.
Segmentation Table
Global Carpets & Rugs Market Scope
Study Period 2019-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2019-2021
Growth Rate CAGR of 10.03% from 2023 to 2030
Unit Value (USD Billion)
By Product Type
Knotted Pile
Needle Punched
Woven
Tufted
Others
By Material Animal-made Yarn
Plant-made Yarn
Synthetic Fibers
By Application
Residential
Commercial
By Region North America (By Product Type, Material, Application, and Country)
U.S. (By Material)
Canada (By Material)
Mexico (By Material)
Europe (By Product Type, Material, Application, and Country)
Germany (By Material)
Italy (By Material)
France (By Material)
U.K. (By Material)
Spain (By Material)
Rest of Europe (By Material)
Asia Pacific (By Product Type, Material, Application, and Country)
China (By Material)
India (By Material)
Japan (By Material)
Australia (By Material)
Rest of Asia Pacific (By Material)
South America (By Product Type, Material, Application, and Country)
Brazil (By Material)
Chile (By Material)
Rest of South America (By Material)
Middle East and Africa (By Product Type, Material, Application, and Country)
Saudi Arabia (By Material)
South Africa (By Material)
Rest of Middle East & Africa (By Material)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Overview of the Parent Market
- 4.2. Industry SWOT Analysis
- 4.3. Supply Chain and Regulatory Landscape
- 4.4. Market Analysis and Insights (in Relation with COVID-19)
- 4.4.1. Impact of COVID-19 on the Market
- 4.4.2. Supply Chain Challenges due to the Pandemic
- 4.4.3. Potential Opportunities to Support the Market
- 5. Global Carpets and Rugs Market Analysis, Insights and Forecast, 2019-2030
- 5.1. Key Findings / Summary
- 5.2. Market Size Estimates and Forecast
- 5.2.1. By Product Type
- 5.2.1.1. Knotted Pile
- 5.2.1.2. Needle Punched
- 5.2.1.3. Woven
- 5.2.1.4. Tufted
- 5.2.1.5. Others
- 5.2.2. By Material
- 5.2.2.1. Animal-made Yarn
- 5.2.2.2. Plant-made Yarn
- 5.2.2.3. Synthetic Fibers
- 5.2.3. By Application
- 5.2.3.1. Residential
- 5.2.3.2. Commercial
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. Middle East & Africa
- 6. North America Carpets and Rugs Market Analysis, Insights and Forecast, 2019-2030
- 6.1. Key Findings / Summary
- 6.2. Market Size Estimates and Forecast
- 6.2.1. By Product Type
- 6.2.1.1. Knotted Pile
- 6.2.1.2. Needle Punched
- 6.2.1.3. Woven
- 6.2.1.4. Tufted
- 6.2.1.5. Others
- 6.2.2. By Material
- 6.2.2.1. Animal-made Yarn
- 6.2.2.2. Plant-made Yarn
- 6.2.2.3. Synthetic Fibers
- 6.2.3. By Application
- 6.2.3.1. Residential
- 6.2.3.2. Commercial
- 6.2.4. By Country
- 6.2.4.1. U.S.
- 6.2.4.1.1. By Material
- 6.2.4.1.1.1. Animal-made Yarn
- 6.2.4.1.1.2. Plant-made Yarn
- 6.2.4.1.1.3. Synthetic Fibers
- 6.2.4.2. Canada
- 6.2.4.2.1. By Material
- 6.2.4.2.1.1. Animal-made Yarn
- 6.2.4.2.1.2. Plant-made Yarn
- 6.2.4.2.1.3. Synthetic Fibers
- 6.2.4.3. Mexico
- 6.2.4.3.1. By Material
- 6.2.4.3.1.1. Animal-made Yarn
- 6.2.4.3.1.2. Plant-made Yarn
- 6.2.4.3.1.3. Synthetic Fibers
- 7. Europe Carpets and Rugs Market Analysis, Insights and Forecast, 2019-2030
- 7.1. Key Findings / Summary
- 7.2. Market Size Estimates and Forecast
- 7.2.1. By Product Type
- 7.2.1.1. Knotted Pile
- 7.2.1.2. Needle Punched
- 7.2.1.3. Woven
- 7.2.1.4. Tufted
- 7.2.1.5. Others
- 7.2.2. By Material
- 7.2.2.1. Animal-made Yarn
- 7.2.2.2. Plant-made Yarn
- 7.2.2.3. Synthetic Fibers
- 7.2.3. By Application
- 7.2.3.1. Residential
- 7.2.3.2. Commercial
- 7.2.4. By Country
- 7.2.4.1. Germany
- 7.2.4.1.1. By Material
- 7.2.4.1.1.1. Animal-made Yarn
- 7.2.4.1.1.2. Plant-made Yarn
- 7.2.4.1.1.3. Synthetic Fibers
- 7.2.4.2. U.K.
- 7.2.4.2.1. By Material
- 7.2.4.2.1.1. Animal-made Yarn
- 7.2.4.2.1.2. Plant-made Yarn
- 7.2.4.2.1.3. Synthetic Fibers
- 7.2.4.3. France
- 7.2.4.3.1. By Material
- 7.2.4.3.1.1. Animal-made Yarn
- 7.2.4.3.1.2. Plant-made Yarn
- 7.2.4.3.1.3. Synthetic Fibers
- 7.2.4.4. Italy
- 7.2.4.4.1. By Material
- 7.2.4.4.1.1. Animal-made Yarn
- 7.2.4.4.1.2. Plant-made Yarn
- 7.2.4.4.1.3. Synthetic Fibers
- 7.2.4.5. Spain
- 7.2.4.5.1. By Material
- 7.2.4.5.1.1. Animal-made Yarn
- 7.2.4.5.1.2. Plant-made Yarn
- 7.2.4.5.1.3. Synthetic Fibers
- 7.2.4.6. Rest of Europe
- 7.2.4.6.1. By Material
- 7.2.4.6.1.1. Animal-made Yarn
- 7.2.4.6.1.2. Plant-made Yarn
- 7.2.4.6.1.3. Synthetic Fibers
- 8. Asia Pacific Carpets and Rugs Market Analysis, Insights and Forecast, 2019-2030
- 8.1. Key Findings / Summary
- 8.2. Market Size Estimates and Forecast
- 8.2.1. By Product Type
- 8.2.1.1. Knotted Pile
- 8.2.1.2. Needle Punched
- 8.2.1.3. Woven
- 8.2.1.4. Tufted
- 8.2.1.5. Others
- 8.2.2. By Material
- 8.2.2.1. Animal-made Yarn
- 8.2.2.2. Plant-made Yarn
- 8.2.2.3. Synthetic Fibers
- 8.2.3. By Application
- 8.2.3.1. Residential
- 8.2.3.2. Commercial
- 8.2.4. By Country
- 8.2.4.1. China
- 8.2.4.1.1. By Material
- 8.2.4.1.1.1. Animal-made Yarn
- 8.2.4.1.1.2. Plant-made Yarn
- 8.2.4.1.1.3. Synthetic Fibers
- 8.2.4.2. India
- 8.2.4.2.1. By Material
- 8.2.4.2.1.1. Animal-made Yarn
- 8.2.4.2.1.2. Plant-made Yarn
- 8.2.4.2.1.3. Synthetic Fibers
- 8.2.4.3. Japan
- 8.2.4.3.1. By Material
- 8.2.4.3.1.1. Animal-made Yarn
- 8.2.4.3.1.2. Plant-made Yarn
- 8.2.4.3.1.3. Synthetic Fibers
- 8.2.4.4. Australia
- 8.2.4.4.1. By Material
- 8.2.4.4.1.1. Animal-made Yarn
- 8.2.4.4.1.2. Plant-made Yarn
- 8.2.4.4.1.3. Synthetic Fibers
- 8.2.4.5. Rest of Asia Pacific
- 8.2.4.5.1. By Material
- 8.2.4.5.1.1. Animal-made Yarn
- 8.2.4.5.1.2. Plant-made Yarn
- 8.2.4.5.1.3. Synthetic Fibers
- 9. South America Carpets and Rugs Market Analysis, Insights and Forecast, 2019-2030
- 9.1. Key Findings / Summary
- 9.2. Market Size Estimates and Forecast
- 9.2.1. By Product Type
- 9.2.1.1. Knotted Pile
- 9.2.1.2. Needle Punched
- 9.2.1.3. Woven
- 9.2.1.4. Tufted
- 9.2.1.5. Others
- 9.2.2. By Material
- 9.2.2.1. Animal-made Yarn
- 9.2.2.2. Plant-made Yarn
- 9.2.2.3. Synthetic Fibers
- 9.2.3. By Application
- 9.2.3.1. Residential
- 9.2.3.2. Commercial
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 9.2.4.1.1. By Material
- 9.2.4.1.1.1. Animal-made Yarn
- 9.2.4.1.1.2. Plant-made Yarn
- 9.2.4.1.1.3. Synthetic Fibers
- 9.2.4.2. Chile
- 9.2.4.2.1. By Material
- 9.2.4.2.1.1. Animal-made Yarn
- 9.2.4.2.1.2. Plant-made Yarn
- 9.2.4.2.1.3. Synthetic Fibers
- 9.2.4.3. Rest of South America
- 9.2.4.3.1. By Material
- 9.2.4.3.1.1. Animal-made Yarn
- 9.2.4.3.1.2. Plant-made Yarn
- 9.2.4.3.1.3. Synthetic Fibers
- 10. Middle East & Africa Carpets and Rugs Market Analysis, Insights and Forecast, 2019-2030
- 10.1. Key Findings / Summary
- 10.2. Market Size Estimates and Forecast
- 10.2.1. By Product Type
- 10.2.1.1. Knotted Pile
- 10.2.1.2. Needle Punched
- 10.2.1.3. Woven
- 10.2.1.4. Tufted
- 10.2.1.5. Others
- 10.2.2. By Material
- 10.2.2.1. Animal-made Yarn
- 10.2.2.2. Plant-made Yarn
- 10.2.2.3. Synthetic Fibers
- 10.2.3. By Application
- 10.2.3.1. Residential
- 10.2.3.2. Commercial
- 10.2.4. By Country
- 10.2.4.1. Saudi Arabia
- 10.2.4.1.1. By Material
- 10.2.4.1.1.1. Animal-made Yarn
- 10.2.4.1.1.2. Plant-made Yarn
- 10.2.4.1.1.3. Synthetic Fibers
- 10.2.4.2. South Africa
- 10.2.4.2.1. By Material
- 10.2.4.2.1.1. Animal-made Yarn
- 10.2.4.2.1.2. Plant-made Yarn
- 10.2.4.2.1.3. Synthetic Fibers
- 10.2.4.3. Rest of Middle East & Africa
- 10.2.4.3.1. By Material
- 10.2.4.3.1.1. Animal-made Yarn
- 10.2.4.3.1.2. Plant-made Yarn
- 10.2.4.3.1.3. Synthetic Fibers
- 11. Competitive Landscape
- 11.1. Business Strategies Adopted by Leading Players
- 11.2. Global Carpets and Rugs Market Revenue Share/Ranking Analysis, By Key Manufacturer
- 12. Company Profiles
- 12.1. Tai Ping carpets International ltd
- 12.1.1. Company Overview
- 12.1.2. Business Overview
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.1.6. SWOT Analysis
- 12.2. Mohawk Industries Inc.
- 12.2.1. Company Overview
- 12.2.2. Business Overview
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.2.6. SWOT Analysis
- 12.3. Lowe's Companies Inc.
- 12.3.1. Company Overview
- 12.3.2. Business Overview
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.3.6. SWOT Analysis
- 12.4. Tarkett Group
- 12.4.1. Company Overview
- 12.4.2. Business Overview
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.4.6. SWOT Analysis
- 12.5. Victoria Carpets Ltd.
- 12.5.1. Company Overview
- 12.5.2. Business Overview
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.5.6. SWOT Analysis
- 12.6. Shaw Industries Group Inc.
- 12.6.1. Company Overview
- 12.6.2. Business Overview
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.6.6. SWOT Analysis
- 12.7. Inter Ikea Systems B.V.
- 12.7.1. Company Overview
- 12.7.2. Business Overview
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.7.6. SWOT Analysis
- 12.8. Genie Carpet Manufacturers
- 12.8.1. Company Overview
- 12.8.2. Business Overview
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.8.6. SWOT Analysis
- 12.9. Beaulieu International Group
- 12.9.1. Company Overview
- 12.9.2. Business Overview
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.9.6. SWOT Analysis
- 12.10. Royalty Carpet Mills Inc.
- 12.10.1. Company Overview
- 12.10.2. Business Overview
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 12.10.6. SWOT Analysis
- 13. Strategic Recommendations
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