Carpet & Rug Market Size, Share & Trends Analysis Report By Type (Tufted, Needle Punched, Woven), By Material (Polyester, Nylon, Cotton), By End Use (Residential, Commercial), By Region, And Segment Forecasts, 2025 - 2030

Carpet & Rug Market Growth & Trends

The global carpet & rug market size is expected to reach USD 88.41 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 8.0% from 2025 to 2030. This market growth is attributed to the rising demand for home decor and interior design. As more consumers seek to enhance their living spaces, the demand for aesthetically pleasing and functional carpets and rugs increases. This trend is particularly strong in urban areas, with a growing interest in unique, high-quality home decor items.

The increasing disposable incomes and changing lifestyles of consumers are contributing to market growth. With higher purchasing power, consumers are willing to invest in premium and customized carpets and rugs that reflect their style and preferences. This shift towards luxury and personalized home furnishings is expected to drive the market further.

The growing focus on sustainability and eco-friendly products is influencing the market. Consumers are becoming more conscious of their purchases' environmental impact and opting for carpets and rugs made from natural and recycled materials. This trend encourages manufacturers to adopt sustainable practices and offer eco-friendly products, driving market growth.

Moreover, technological advancements in carpet and rug manufacturing are crucial in market expansion. Innovations such as advanced weaving techniques, digital printing, and using high-quality materials enhance carpets and rugs' durability, design, and functionality. These advancements are attracting consumers who seek modern and innovative home decor solutions.

Carpet & Rug Market Report Highlights

• In 2024, tufted carpets and rugs accounted for a revenue share of 30.3% in the overall market, driven by their popularity and widespread adoption due to their affordability, durability, and diverse designs. Tufted carpets are manufactured using a mechanized process that involves inserting yarns into a pre-woven backing, which is faster and less labor-intensive than other methods like hand-knotting
• Demand for carpets and rugs made of polyester is set to grow at a CAGR of 9.2% from 2025 to 2030. This growth is driven by polyester's affordability, durability, and versatility, making it a preferred choice for manufacturers and consumers alike, enhancing product offerings and meeting diverse market needs
• The use of carpets and rugs in the residential sector accounted for a share of 60.8% in the overall carpet and rug industry in 2024, driven by the increasing demand for home renovation and interior decoration, driven by rising disposable incomes, and the growing trend of urbanization
• The market in Europe accounted for a revenue share of 31.8% of the global market revenue in 2024. Increasing consumer preferences for home decor and aesthetic enhancements significantly boosted demand. The rising trend towards sustainability and eco-friendly carpets also played a crucial role. In addition, technological advancements and the use of sustainable materials contributed to market growth