Global Carpet & Rug Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Knotted Pile, Needle Punched, Woven, Tufted, and Others), By Material (Polyester, Nylon, Cotton, and Others), By Application (Residential, Commercial), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033

Global Carpet & Rug Market Insights Forecasts to 2033

• The Global Carpet & Rug Market Size Was Estimated at USD 51.73 Billion in 2023
• The Market Size is Expected to Grow at a CAGR of around 7.95% from 2023 to 2033
• The Worldwide Carpet & Rug Market Size is Expected to Reach USD 111.19 Billion By 2033
• Europe is Expected to Grow the fastest during the Forecast period.

The Global carpet and rug Market Was Worth around USD 51.73 Billion in 2023 and is predicted to Grow to around USD 111.19 Billion by 2033, with a Compound Annual Growth Rate (CAGR) of around 7.95% Between 2023 and 2033. The market is driven by urbanization, growing disposable incomes, and growing customer demand for comfortable and visually pleasing flooring options.

Market Overview

The carpet and rug are used because of their visual appeal and useful features, such as non-slip flooring and insulation. The carpet on the floor serves as a protective barrier and enhances the appearance of interior areas like houses and workplaces. Carpets and other floor coverings prevent the floor from becoming too cold, particularly in areas with low temperatures. The demand for carpets and rugs used to be highest in the developed countries. Customers searching for adaptable and long-lasting solutions are anticipated to be drawn to the growing popularity of elastic or flexible flooring materials, such as carpet varieties that provide comfort and durability. This trend has changed recently, though, as more individuals are spending money to improve the aesthetics of their homes and workplaces. India is the world's top carpet exporter, exporting between 85% and 90% of its total carpet production. Approximately 40% of the world's handmade carpet exports come from India. India is a top location for fine, handcrafted carpets and rugs because of its rich cultural legacy and craftsmanship. As businesses and households look to refresh their interiors with fashionable and long-lasting flooring options, the market is being further stimulated by the growing trend of remodeling and renovating existing properties.

 Report Coverage

This research report categorizes the carpet & rug market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the carpet & rug market. Recent market developments and competitive strategies such as expansion, type launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the carpet & rug market.

Driving Factors

The global market for carpets and rugs is mostly driven by the increase in construction activity in both developed and emerging nations. People's desire for more aesthetically pleasing homes and workplaces is what drives the global carpet and rug industry. Leading suppliers are focusing on producing technologically sophisticated carpets and rugs and increasing their R&D expenditures. Manufacturers use eco-friendly and modern materials to give consumers high-quality products. Increased carpet and rug sales through e-commerce platforms and internet channels could present new opportunities for industry participants. This will lead to an increase in demand for carpets and rugs. Increased consumer disposable incomes, especially in developing countries, are also expected to help the business.

Restraining Factors

The drastic fluctuations in the price of raw materials, such as crude oil, which is the main ingredient in polyester and nylon staple fiber. Changes in the price of crude oil drive up the cost of the raw materials used to make carpets and rugs, which in turn drives up the price of nylon and other fibers. The market's expansion is being restrained by this factor. Additionally, the expansion of the market is restricted by high trade duties and the dumping of carpets and rugs by the governments of numerous nations.

Market Segmentation

The carpet & rug market share is classified into product type, material, and application.

• The tufted segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period.

Based on the product type, the carpet & rug market is segmented into knotted pile, needle punched, woven, tufted, and others. Among these, the tufted segment accounted for the highest share in 2023 and is projected to grow at a substantial CAGR during the forecast period. The enhanced attributes that can be ordered to create tufted carpets and yarns are inserted into a pre-woven backing using an automated procedure that is quicker and requires less work than hand-knotting. Because of this efficiency, tufted carpets are more reasonably priced for customers. Good durability and comfort underfoot are two key factors for consumers when choosing a carpet.

• The nylon segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the material, the global carpet & rug market is divided into polyester, nylon, cotton, and others. Among these, the nylon segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The enhanced attributes can be the busy streets in both residential and business contexts. Customers looking for affordable flooring options are drawn to its robustness since it guarantees a longer lifespan and improved performance. Because of their superior stain resistance and ease of upkeep, nylon rugs and carpets look very good in houses.

• The residential segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.

Based on the application, the global carpet & rug market is categorized into residential and commercial. Among these, the residential segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The enhanced attributes are due to the increasing focus on interior design and home appearance, together with rising disposable incomes and global urbanization. Increased investment in new housing developments and home remodeling projects, particularly the replacement of outdated or worn-out carpets and rugs.

Regional Segment Analysis of the Carpet & Rug Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the Carpet & rug market over the predicted timeframe.

North America is anticipated to hold the largest share of the Carpet & rug market over the predicted period. The market for opulent carpets is being driven by global revenue due to the mix of wealthy lifestyles and a significant emphasis on home aesthetics. High-end wool and silk carpets are part of the dominant market, and customers value elegance and quality. Manufacturers are focusing on launching novel products to satisfy the rising consumer demand for unique and sustainable goods.

Europe is expected to grow at a rapid CAGR in the Carpet & rug market during the forecast period. The demand for sustainable and environmentally friendly carpets as well as a growing preference for modern surface rugs. Due to the expansion of residential real estate and the development of infrastructure, including manufacturing facilities and commercial offices, Germany is one of the main drivers of this region's growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the carpet & rug market along with a comparative evaluation primarily based on their type of offering, business overviews, geographic presence, business strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes type development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Mohawk Industries Inc.
• Victoria PLC
• Tarkett SA
• Shaw Industries
• Milliken
• Jaipur Rugs
• Carpet Planet
• Anderson Tuftex (Shaw Industries Inc.)
• Beaulieu International Group
• Rugs USA
• Ruggable LLC
• Kaleen
• The Natural Carpet Company
• Others

Key Target Audience

• Market Players
• Investors
• Applications
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs) 

Recent Development

• In March 2025, IKEA's introduced vibrant and playful designs, including new carpets and rugs that can refresh individual living spaces. This collection emphasizes bold patterns and lively colors, offering a variety of options to suit different interiors.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the carpet & rug market based on the below-mentioned segments: 

Global Carpet & Rug Market, By Product Type

• Knotted Pile
• Needle Punched
• Woven
• Tufted
• Others

Global Carpet & Rug Market, By Material

• Polyester
• Nylon
• Cotton
• Others

Global Carpet & Rug Market, By Application

• Residential
• Commercial

Global Carpet & Rug Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa