The Global Carpet and Rugs Market is Segmented by Type (Tufted, Woven, and More), Distribution Channel (Mass Merchandisers, Home Centers, and More), End-User (Industry, Residential, and Commercial Offices), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD).

According to Cognitive Market Research, Global Luxury Carpet Market is Growing at a Compound Annual Growth Rate (CAGR) of 8.20% from 2023 to 2030.

The demand for Luxury Carpets is rising due to the disposable income of consumers and the rise in the need for furnishing products. 
Demand for practical qualities and aesthetics in the Luxury Carpet market.
The tufted and nylon category held the highest Luxury Carpet market revenue share in 2023.
North America will continue to lead, whereas the European Luxury Carpet market will experience the most substantial growth until 2030.

Rising Number of Technologically Advanced Products to Provide Viable Market Output

The global luxury carpet market is experiencing growth driven by an increasing number of technologically advanced products. With advancements such as smart carpets incorporating lot technology, temperature regulation, and interactive features, consumer preferences are shifting towards more sophisticated options. These innovations enhance the aesthetic appeal and offer functional benefits like energy efficiency and convenience. As consumers seek both luxury and cutting-edge technology in home decor, the market's viability is strengthened. The rising demand for these high-tech carpets reflects a convergence of style and innovation, presenting significant opportunities for manufacturers to cater to consumers' evolving preferences in the luxury carpet segment.

For instance, in August 2020, Ikea Systems launched a Thai street-style collection; they are affordable and multifunctional those are inspired by recycling, reusing, and creative repurposing. The collection combines Thai street style and home furnishing expertise, including cushions and rugs made from PET bottles.

(Source:www.ikea.com/us/en/newsroom/range-news/sammankoppla-bangkok-street-style-meets-home-furnishing-pub51fac377)

Increasing Renovations and Remodelling to Increase Product Demand to Propel Market Growth

The global luxury carpet market is experiencing growth propelled by a surge in renovations and remodeling activities. As consumers focus on enhancing the aesthetics of their living spaces, there is a heightened demand for premium and luxurious carpet options. The market benefits from the increasing preference for high-quality materials, intricate designs, and superior craftsmanship. Luxury carpets, known for their durability and opulence, are becoming integral to interior design projects. This trend is driven by a growing emphasis on home improvement, contributing to the market's expansion. As renovations and remodeling efforts continue to rise, the luxury carpet market is poised for sustained growth.

For instance, in September 2021, Mohawk Industries, Inc. launched a new carpet collection under the SmartStrand brand, which covers a blend of nylon, wool, polyester, and fiber; the new launch assists the company in covering all the prices and end-user preferences and target new as well as potential consumers to increase the business sales.

Therefore, this factor can anticipate supporting segment growth over the forecast year market growth.

(Source:www.sec.gov/Archives/edgar/data/851968/000119312523094801/d420362dars.pdf)

Market Dynamics of Luxury Carpet

High Raw Material Prices Rules and Increasing Duties by Government to Restrict Market Growth

The global luxury carpet market faces challenges due to the rush in raw material prices and government-imposed duties. Elevated costs of high-quality materials impact manufacturing expenses, hindering market growth. Additionally, increased government duties further restrict market expansion, affecting pricing and consumer affordability. Luxury carpet manufacturers must navigate these challenges, impacting their profit margins and market competitiveness. In response, the industry may explore alternative sourcing strategies, innovative manufacturing processes, and targeted marketing to mitigate the effects of high raw material prices and government duties, fostering resilience and adaptability in the luxury carpet market.

Impact of COVID–19 on the Luxury Carpet Market

The global luxury carpet market has experienced notable shifts due to the impact of COVID-19. The pandemic led to supply chain disruptions, causing production delays and affecting raw material availability. With lockdowns and economic uncertainties, consumer spending on non-essential items, includi...

The Europe Carpet and Rugs Market Report is Segmented by Product Type (Tufted, Woven, Needle-Punched, Knotted, Others), Material (Nylon, Polyester, Polypropylene, Wool, Other Natural Fibres, Recycled & Bio-Based), End User (Residential, Commercial), Distribution Channel (B2B, B2C), and Geography (UK, Germany, France, Spain, Italy, BENELUX, NORDICS, Rest of Europe). Market Forecasts are Provided in Terms of Value (USD).

The Carpet and Rug Market is estimated to be valued at USD 99.3 billion in 2025 and is projected to reach USD 181.2 billion by 2035, registering a compound annual growth rate (CAGR) of 6.1% over the forecast period.

The Middle East Flooring and Carpet Industry Analysis is estimated to be valued at USD 11.8 billion in 2025 and is projected to reach USD 24.2 billion by 2035, registering a compound annual growth rate (CAGR) of 7.4% over the forecast period.

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Carpets And Rugs Market Size 2024-2028

The carpets and rugs market size is valued to increase by USD 11.2 billion, at a CAGR of 4.45% from 2023 to 2028. Consumers' increasing preference for home decor will drive the carpets and rugs market.

Major Market Trends & Insights

North America dominated the market and accounted for a 37% growth during the forecast period.
By Material - Nylon segment was valued at USD 22.50 billion in 2022
By End-user - Residential segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 49.22 billion
Market Future Opportunities: USD 11.20 billion
CAGR from 2023 to 2028 : 4.45%

Market Summary

The market is experiencing significant growth due to the increasing consumer preference for enhancing the aesthetic appeal of their living spaces. According to recent research, the demand for eco-friendly carpets and area rugs is on the rise, as consumers become more environmentally conscious. This trend is driven by the growing awareness of the negative impact of synthetic materials on the environment. However, the market faces intense competition from luxury vinyl tiles (LVTs), which offer similar benefits in terms of durability and ease of maintenance. To stay competitive, businesses in the carpets and rugs industry are focusing on operational efficiency and supply chain optimization.
For instance, a leading carpet manufacturer implemented an advanced logistics system that reduced lead times by 25%, enabling the company to deliver orders faster and more reliably. Moreover, regulatory compliance is another challenge for the carpets and rugs industry. Strict regulations regarding the use of certain chemicals and materials in carpet manufacturing require companies to invest in research and development to meet these standards. This investment can be significant but is essential to maintain a competitive edge and meet the evolving demands of consumers. In conclusion, the market is witnessing robust growth due to the rising demand for eco-friendly products and the need for operational efficiency. Despite the challenges posed by intense competition and regulatory compliance, businesses that adapt and innovate will thrive in this dynamic industry.

What will be the Size of the Carpets And Rugs Market during the forecast period?

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How is the Carpets And Rugs Market Segmented ?

The carpets and rugs industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Material

  Nylon
  Polypropylene
  Polyester
  Others


End-user

  Residential
  Commercial


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  APAC

    China


  Rest of World (ROW)

By Material Insights

The nylon segment is estimated to witness significant growth during the forecast period.

The market is characterized by continuous innovation and evolution, with various fiber types, weaving techniques, and manufacturing processes shaping its landscape. Nylon, a popular material in this sector, accounts for a substantial market share due to its durability and resilience. Nylon carpets and rugs, known for their ability to withstand heavy foot traffic, are widely used in commercial spaces and high-traffic residential areas. These textiles often incorporate stain-resistant treatments, enhancing their appeal to consumers. Pile height, texture analysis, and pile density are crucial factors in determining the quality of carpets and rugs, while manufacturing processes like tufting and weaving influence their construction.

Natural fibers, such as wool, silk, and cotton, also hold significant market share, offering unique aesthetic and performance benefits. Design aesthetics, rug installation, and maintenance practices, including carpet padding, cleaning, and stain removal, further influence consumer preferences. The carpet industry focuses on enhancing fiber content, material composition, colorfastness rating, and odor control to cater to evolving market demands.

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The Nylon segment was valued at USD 22.50 billion in 2018 and showed a gradual increase during the forecast period.

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Regional Analysis

North America is estimated to contribute 37% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

See How Carpets And Rugs Market Demand is Rising in North America Request Free Sample

The market in North America is experiencing significant growth, driven by the region's robust culture of home improvement and renovation. With a

The global carpets and rugs market size was estimated at USD 82.15 billion in 2022 and is predicted to surpass USD 126.21 billion by 2030 and is poised to reach a CAGR of 5.51% during the forecast period 2023 to 2030.

North America Carpet market will be USD XX million in 2023 and it Will expand at a compound annual growth rate (CAGR) of 4.2% from 2023 to 2030.

Dataset

This dataset was created by Afroz

Released under CC BY-NC-SA 4.0

Contents

The Commercial Rug and Carpet market plays a pivotal role in enhancing the aesthetics and functionality of various business environments, from corporate offices to retail spaces and hospitality venues. Designed to withstand heavy foot traffic while maintaining visual appeal, commercial rugs and carpets serve as a vi

Discover the booming carpets and rugs market! This in-depth analysis reveals a $46.05B market with a 4.45% CAGR, exploring key drivers, trends, regional insights (North America, Europe, APAC), leading companies, and future projections to 2033. Learn about market segmentation by material (nylon, polypropylene, polyester) and end-user (residential, commercial).

The U.S. Carpets and Rugs Market Size Was Worth USD 34 Billion in 2023 and Is Expected To Reach USD 51 Billion by 2032, CAGR of 4.5%.

The global tufted carpets market exhibits robust growth, driven by increasing demand for comfortable and aesthetically pleasing flooring solutions in both residential and commercial spaces. The market's expansion is fueled by several key factors, including rising disposable incomes, particularly in developing economies, leading to increased spending on home improvement and interior design. Furthermore, the burgeoning construction industry, coupled with ongoing renovations and refurbishments across diverse sectors, significantly boosts market demand. Technological advancements in carpet manufacturing, including innovations in fiber composition and tufting techniques, offer enhanced durability, stain resistance, and design flexibility, further stimulating market growth. The preference for machine-tufted carpets over hand-tufted ones, owing to their cost-effectiveness and faster production capabilities, dominates market segmentation. However, the market faces challenges such as fluctuating raw material prices, particularly synthetic fibers, and increasing environmental concerns related to carpet manufacturing and disposal. The rising popularity of sustainable and eco-friendly carpet options, including recycled materials and biodegradable alternatives, presents both a challenge and an opportunity for market players to innovate and adapt. Segment-wise, the commercial application segment holds a significant share, driven by the large-scale usage in offices, hotels, and other commercial establishments. Regionally, North America and Europe are currently leading markets, driven by strong existing infrastructure and high consumer spending. However, rapid economic growth and urbanization in Asia-Pacific, particularly in China and India, are creating lucrative growth opportunities for the future. Key players in the market are focusing on strategic partnerships, acquisitions, and product diversification to expand their market reach and competitive edge. This includes collaborations with interior designers, and investing in R&D to develop innovative products which cater to evolving customer preferences and sustainability goals. We estimate the market size in 2025 to be approximately $15 Billion USD, with a CAGR of 5% projected through 2033, resulting in a substantial market expansion in the coming years.

The GCC carpet market size reached USD 1,246 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 1,869 Million by 2033, exhibiting a growth rate (CAGR) of 4.6% during 2025-2033. Rapid urbanization and infrastructure development, the expanding hospitality sector, the increasing traditional and cultural significance, growing affluent population, aesthetic and design trends, and government initiatives and support represent some of the key factors driving the market.

IMARC Group provides an analysis of the key trends in each segment of the GCC carpet market report, along with forecasts at the regional and country levels for 2025-2033. Our report has categorized the market based on material, price point, sales channel, and end user.

In 2023, the volume of carpet and area rug sales in the United States amounted to ***** billion square feet. The floor covering market consists of many different varieties, such as carpet, tile, wood, and laminate.

The statistic shows the value of the global flooring and carpet market in 2018 and 2025. In 2018, the global flooring and carpet market was valued at approximately ***** billion U.S. dollars and was forecast to reach a value of *** billion U.S. dollars by 2025.

In 2024, the Asia-Pacific carpet market decreased by -1.2% to $18.5B, falling for the second consecutive year after two years of growth. In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by 8.5%. As a result, consumption attained the peak level of $22.4B. From 2019 to 2024, the growth of the market remained at a somewhat lower figure.

The size of the Rugs and Carpets market was valued at USD XXX million in 2024 and is projected to reach USD XXX million by 2033, with an expected CAGR of XX% during the forecast period.

For the third consecutive year, the Iranian carpet market recorded decline in sales value, which decreased by -3.4% to $559M in 2024. Overall, consumption recorded a pronounced decline. The pace of growth appeared the most rapid in 2018 with an increase of 7.5% against the previous year. Carpet consumption peaked at $775M in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

Graph and download economic data for Producer Price Index by Industry: Carpet and Rug Mills: Carpet and Rugs (PCU3141103141100) from Jun 1990 to Sep 2025 about floor coverings, mills, PPI, industry, inflation, price index, indexes, price, and USA.