Carpet Market is Expected to Reach USD 87.32 Billion by 2033 | At CAGR 3.3%

Overview of the Carpet Market:

The carpet market encompasses the production, distribution, and sale of various types of carpets and rugs used in residential, commercial, and industrial settings. This market includes a wide array of materials, designs, and styles, catering to diverse consumer preferences and applications. Factors such as interior design trends, sustainability concerns, and technological advancements in manufacturing are significantly influencing the carpet industry.

The global carpet market size reached USD 65.01 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 87.32 Billion by 2033, exhibiting a growth rate (CAGR) of 3.3% during 2025-2033. North America currently dominates the market, holding a market share of over 42.2% in 2024. Significant technological advancements, rising environmental concerns, burgeoning real estate and construction projects, and the surge of online retail are major factors boosting the carpet market share.

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Key Highlights:

Market Growth:

• The global carpet market is projected to experience steady growth, driven by increasing demand for home improvement and interior decoration.
• Rising disposable incomes and changing lifestyles are contributing to the growth in residential carpet sales.

Diverse Product Range:

• The market offers various products, including wall-to-wall carpets, area rugs, and custom carpets made from materials like nylon, polyester, wool, and natural fibers.
• Innovations in design and texture are expanding product offerings, appealing to a broader range of consumers.

Sustainability and Eco-Friendliness:

• There is a growing trend toward sustainable and eco-friendly carpets, with manufacturers focusing on using recycled materials and environmentally friendly production processes.
• Certifications such as Green Label Plus and Cradle to Cradle are becoming increasingly important for consumers concerned about environmental impact.

Geographical Trends:

• North America and Europe are significant markets for carpets, driven by high consumer spending on home furnishings and renovations.
• The Asia-Pacific region is emerging as a lucrative market due to rapid urbanization, increasing construction activities, and a growing middle class.

Trends of Carpet Market:

Customization and Personalization:

• Consumers are increasingly seeking customized carpet solutions that reflect their personal style and fit unique spaces.
• Advances in digital printing technology are enabling more intricate designs and patterns.

Smart Carpets:

• The integration of technology into carpets, such as smart sensors for monitoring air quality and temperature, is gaining traction.
• These innovations cater to the growing demand for smart home solutions and enhanced indoor environmental quality.

Health and Wellness Focus:

• There is a rising awareness of the impact of indoor air quality on health, leading to increased demand for carpets that improve air quality and reduce allergens.
• Manufacturers are developing carpets with antimicrobial properties and low volatile organic compounds (VOCs).

E-Commerce Growth:

• The shift towards online shopping is transforming the carpet market, with more consumers purchasing carpets through e-commerce platforms.
• Virtual reality (VR) and augmented reality (AR) technologies are being utilized to enhance online shopping experiences.

Global Supply Chain Challenges:

• The carpet industry is facing supply chain disruptions due to global events, affecting raw material availability and transportation costs.
• Companies are adapting by diversifying supply sources and investing in local production capabilities.

Carpet Market Report Segmentation:

Breakup By Material:

• Nylon
• Olefin
• Polyester
• Others

Nylon account for the majority of shares owing to their durability and resistance to wear.

Breakup By Price Point:

• Economy
• Luxury

Economy dominates the market as consumers prioritize affordability in their purchasing decisions.

Breakup By Sales Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores

Specialty stores represents the majority of shares as they offer a wider selection of high-quality and tailored carpet solutions.

Breakup By End User:

• Residential
• Commercial

The residential sector holds the majority of shares due to their focus of homeowners on improving comfort and aesthetics.

Breakup By Region:

North America holds the leading position owing to a large market for carpet driven by its well-established construction industry, high standard of living, and frequent home remodeling activities.

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Top Carpet Market Leaders:

The carpet market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• Armstrong Flooring Inc.
• Balta Industries nv.
• Beaulieu International Group
• Brumark
• Dorsett Industries
• Interface Inc.
• Mannington Mills Inc.
• Milliken & Company
• Mohawk Industries Inc.
• Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
• Tarkett
• Victoria PLC.

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About Us:

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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This release was published on openPR.