Top Market Shifts Transforming the Carpets And Rugs Market Landscape: Key Insights

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What Is the Expected CAGR for the Carpets And Rugs Market Through 2025?
The global market for carpets and rugs has shown robust expansion throughout the preceding years and is projected to advance from $$50.62$ billion in 2024 to $$55.40$ billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.4%. This upward trajectory observed during the historical period is linked to several factors, including the expansion of the transportation sector, governmental programs and capital injections into infrastructure projects, the increasing prevalence of online retail for these goods, a surge in enthusiasm for do-it-yourself home enhancement undertakings, and heightened consumer desire for premium and bespoke carpet and rug designs.

What's the Projected Size of the Global Carpets And Rugs Market by 2029?
Anticipation is high for substantial expansion within the carpets and rugs market over the forthcoming years, with projections indicating a rise to $78.44 billion by the year 2029, driven by a robust Compound Annual Growth Rate (CAGR) of 9.1%. This anticipated upswing during the projection timeframe is fueled by several key factors, such as increasing levels of personal disposable income, accelerating shifts towards urban living, burgeoning activity in the building and property development industries, the continued expansion of the hospitality sector, and a heightened frequency of property refurbishment and redesign projects. Furthermore, the upcoming period is set to be shaped by significant trends including technological leaps in production methods, innovation surrounding carpet materials that offer enhanced stain resistance and simpler maintenance, the emergence of intelligent carpeting solutions, the adoption of three-dimensional printing processes for distinctive carpet aesthetics, and the greater integration of automation within carpet manufacturing workflows.

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Top Growth Drivers in the Carpets And Rugs Industry: What's Accelerating the Market?
Anticipated surges in building projects are set to boost the trajectory of the carpets and rugs industry in the near future. This construction activity encompasses the deliberate tasks and procedures undertaken for erecting, altering, or preserving structures, facilities, or other tangible assets. Such construction efforts are escalating, primarily fueled by quick urbanization trends that increase necessities for housing developments, business premises, and essential infrastructure to support expanding populations. Carpets and rugs contribute positively to these building operations by providing protection for recently laid flooring and surfaces against potential harm, dirt, and rubble, thereby assisting in preserving a tidy and productive work area. As an illustration, data from the Census Bureau, a governmental entity in the United States, indicated that in July 2025, the spending rate for residential construction, when seasonally adjusted on an annual basis, amounted to $886.5 billion; this represented a marginal rise of 0.1% (with a margin of error of plus or minus 1.3%) when compared to the previously adjusted figure of $885.9 billion recorded for June. Consequently, the expansion of building undertakings is acting as a catalyst for the expansion of the market for carpets and rugs.

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What Trends Will Shape the Carpets And Rugs Market Through 2029 and Beyond?
Leading enterprises within the carpets and rugs sector are prioritizing the creation of novel offerings, like hand-knotted rugs, with the aim of elevating the visual appeal of interior spaces.These floor coverings, crafted by meticulously securing individual knots onto a frame, result in resilient and intricate designs showcasing superior artistry.As an illustration, in the tenth month of 2024, Hands Carpets, a premium rug manufacturer originating from India, introduced KNOTION, a series characterized by its energetic merging of sweeping contours and arcs, emphasized by a vibrant spectrum of colors.The ten distinct patterns within this set draw inspiration from the maze-like nature of roadways and their bends, symbolizing the perpetual progression of existence.These rugs embody a modern aesthetic infused with pop-art sensibilities, affording every individual piece a unique character.At the unveiling ceremony, the collection garnered accolades from construction professionals, interior decorators, media representatives, and public figures, who commended its opulent tactile qualities and confident modern statement.

What Are the Main Segments in the Carpets And Rugs Market?
The carpets and rugsmarket covered in this report is segmented -

1) By Product Type: Woven, Tufted, Knotted, Needle-Punched, Flat-Weave, Other Product Types
2) By Material: Nylon, Polyester, Polypropylene, Cotton, Wool, Silk, Jute, Other Materials
3) By Distribution Channel: Online, Offline
4) By End User: Residential, Commercial

Subsegments:
1) By Woven: Handwoven, Machine-Woven
2) By Tufted: Cut Pile, Loop Pile, Cut And Loop Pile
3) By Knotted: Hand-Knotted, Machine-Knotted
4) By Needle-Punched: Non-Woven Needle-Punched, Patterned Needle-Punched
5) By Flat-Weave: Dhurrie, Kilim, Soumak
6) Other Product Types: Braided, Hooked, Felted

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Which Top Companies are Driving Growth in the Carpets And Rugs Market?
Major companies operating in the carpets and rugs market are Mohawk Industries Inc., Milliken & Company, Tarkett S.A., Victoria PLC, Engineered Floors LLC, Forbo Holding AG, Interface Inc., Mannington Mills Inc., Oriental Weavers Carpet Co., Shaw Industries Group Inc., The Dixie Group Inc., Surya Carpets Pvt. Ltd., Nourison Co., Obeetee Pvt. Ltd., Couristan Inc., Belgotex, Jaipur Rugs Co., Kaleen Inc., Saraswati Global Pvt. Ltd., Yak Carpet Pvt. Ltd., Kapotex Industries Pvt. Ltd., Shree Sai International, The Rug Republic, Welspun India Ltd.

Which Regions Will Dominate the Carpets And Rugs Market Through 2029?
North America was the largest region in the carpets and rugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the carpets and rugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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