Carpets & Rugs
US demand for carpets and rugs is forecast to rise 1.1% annually to 11.6 billion square feet in 2024. After a brief contraction in demand to the COVID-19 pandemic, carpet and rug demand will be supported by user interest in repairing or replacing older or worn carpeting. Furthermore, the low cost and high consumer familiarity with installed carpeting supports its use in the large residential market.
Carpet and rug products covered in the study include:
Tufted carpets and rugs (broadloom; carpet tile; vehicular; scatter rugs, bath mats, and area rugs; and synthetic turf)
Woven carpets and rugs (Axminster, Wilton, and velvet)
Needlepunched and other carpets and rugs (braided, knitted, knotted, hooked, and other carpets and rugs used in niche applications)
Markets for carpets and rugs include:
Residential Construction
Commercial Construction
Transportation Equipment & Nonbuilding Construction
Applications for carpets and rugs include:
New construction
Replacement and remodeling
Scope of the Report
This report covers the scope, size, and growth of the US carpets and rugs market including key trends in product segmentation. Historical data are provided for 2009, 2014, and 2019 with forecasts for 2024 and 2029, with year by year historical market volatility also addressed. Data are provided in both area and dollar value terms. Also included is an analysis of the industry key players and their market shares.
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