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Global Rugs and Carpets Market Size, Share, Forecast: By Type: Tufted, Woven, Needle-punched, Knotted, Others; By Material: Nylon, Polyester, Polypropylene, Others; By Application: Residential, Commercial; By Distribution Channel: Mass Merchandisers, Home Centres, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Rugs and Carpets Market Outlook
The global rugs and carpets market size reached approximately USD 64.76 billion in 2023. The market is further projected to grow at a CAGR of 4.4% between 2024 and 2032, reaching a value of USD 96.42 billion by 2032.
Key Trends in the Market
Rugs and carpets refer to decorative textile products developed from thick materials with the intended application of floor coverings. The movable and portable coverings are available in different shapes, sizes, styles, and designs and are often used for adding finishing touches to homes and offices, among other commercial spaces.
- The expansion of the travel and tourism sector owing to rising disposable incomes and development of infrastructure and transportation systems is aiding the rugs and carpets market growth. Various hotels, restaurants, and guest houses use carpets and rugs for decoration as they enhance the aesthetic appeal of the location while providing thermal insulation and slip resistance.
- The availability of rugs and carpets in different styles, designs, and colour tones is supporting the market expansion. Various customers prefer neutral and gentle colours for cosy effects and minimalist styles while others prefer bright and vibrant colours to making the space livelier. Key manufactures are investing on the development of rugs and carpets in varying tones in order to meet the altering requirements of the consumers.
- The increasing influence of social media and content creators is providing lucrative growth opportunities to the market. Various manufacturers are collaborating with social media influencers to increase brand awareness and enhance their customer base. Such strategic collaborations allow brands to reach their target audience.
Global Rugs and Carpets Market Analysis
On the basis of type, the market is divided into tufted, woven, needle-punched, and knotted, among others. Based on material, the market is segregated into nylon, polyester, and polypropylene, among others.
On the basis of application, the market is bifurcated into residential and commercial. Based on distribution channel, the market is classified into mass merchandisers, home centres, and speciality stores, among others.
On the basis of region, the rugs and carpets market segmentation include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Mohawk Industries, Inc.
- IKEA Holding B.V.
- Victoria PLC
- Dixie Group Inc.
- Tai Ping Carpets International Ltd.
- Shaw Industries Group, Inc.
- Milliken & Company
- Tarkett Group
- Oriental Weavers Group
- Genie Carpet Manufacturers
- Others
Market Share by Type
Tufted products are anticipated to account for a significant rugs and carpets market share owing to their cost effective and durable nature, availability in different colours and styles, and fast production time. These carpets and rugs also provide acoustic properties that aid in absorption and minimisation of airborne sounds and noises, resulting in their increased adoption in offices and commercial spaces. The easy cleaning nature of tufted rugs and carpets makes them preferred for residential applications.
Market Share by Region
North America is anticipated to account for a significant share of the market in the coming years. This growth can be attributed to the strong presence of various major manufacturers in the region and increasing consumer interest in interior decoration. The expansion of the real estate sector coupled with rising spendings upon remodelling and renovation activities owing to increasing disposables incomes are boosting the rugs and carpets market demand. Growing emphasis on the development of innovative floor coverings including area rugs and carpet rugs are further supporting the market expansion in North America.
Competitive Landscape
Mohawk Industries, Inc., headquartered in Georgia, United States, is known for providing different floor coverings for commercial and residential applications. The company’s product portfolio consists of soft flooring products including carpet cushions and rugs and hard flooring products including hardwood flooring and natural stone.
IKEA Holding B.V., headquartered in Delft, Netherlands, is involved in the manufacture, design, and sale of carpets and rugs for residential and commercial applications. The company provides solutions and methods to franchises for the sale and marketing of IKEA products.
Victoria PLC, headquarterd in Worcestershire, United Kingdom, is one of the leading international distributors, designers, and manufacturers of innovative flooring products. The company specialises in carpet tiles, carpet, artificial glass, and ceramic tiles, among others.
Other rugs and carpets market key players include Dixie Group Inc., Tai Ping Carpets International Ltd., Shaw Industries Group, Inc., Milliken & Company, Tarkett Group, Oriental Weavers Group, and Genie Carpet Manufacturers, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
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| Breakup by Application |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Rugs and Carpets Market Analysis
8.1 Key Industry Highlights
8.2 Global Rugs and Carpets Historical Market (2018-2023)
8.3 Global Rugs and Carpets Market Forecast (2024-2032)
8.4 Global Rugs and Carpets Market by Type
8.4.1 Tufted
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Woven
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Needle-punched
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Knotted
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Rugs and Carpets Market by Material
8.5.1 Nylon
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Polyester
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Polypropylene
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Rugs and Carpets Market by Application
8.6.1 Residential
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Commercial
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Rugs and Carpets Market by Distribution Channel
8.7.1 Mass Merchandisers
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Home Centres
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Speciality Stores
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Rugs and Carpets Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Rugs and Carpets Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Rugs and Carpets Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Rugs and Carpets Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Rugs and Carpets Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Rugs and Carpets Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 5702)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Mohawk Industries, Inc.
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 IKEA Holding B.V.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Victoria PLC
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Dixie Group Inc.
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Tai Ping Carpets International Ltd.
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Shaw Industries Group, Inc.
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Milliken & Company
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 Tarkett Group
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 Oriental Weavers Group
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Genie Carpet Manufacturers
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Rugs and Carpets Market: Key Industry Highlights, 2018 and 2032
2. Global Rugs and Carpets Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Rugs and Carpets Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Rugs and Carpets Historical Market: Breakup by Material (USD Billion), 2018-2023
5. Global Rugs and Carpets Market Forecast: Breakup by Material (USD Billion), 2024-2032
6. Global Rugs and Carpets Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Rugs and Carpets Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Rugs and Carpets Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Rugs and Carpets Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Rugs and Carpets Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Rugs and Carpets Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Rugs and Carpets Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Rugs and Carpets Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Rugs and Carpets Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Rugs and Carpets Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Rugs and Carpets Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Rugs and Carpets Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Rugs and Carpets Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Rugs and Carpets Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Rugs and Carpets Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Rugs and Carpets Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Rugs and Carpets Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 64.76 billion in 2023.
The market is projected to grow at a CAGR of 4.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 96.42 billion by 2032.
The major market drivers include expansion of the travel and tourism sector and rising spendings upon remodelling and renovation activities owing to increasing disposables incomes.
The key trends fuelling the growth of the market include availability of rugs and carpets in different styles, designs, and colour tones and increasing product promotion across different social media platforms.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different distribution channels include mass merchandisers, home centres, and speciality stores, among others.
The key players in the market are Mohawk Industries, Inc., IKEA Holding B.V., Victoria PLC, Dixie Group Inc., Tai Ping Carpets International Ltd., Shaw Industries Group, Inc., Milliken & Company, Tarkett Group, Oriental Weavers Group, and Genie Carpet Manufacturers, among others.
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