Carpets & Rugs Market Driving Strong Demand and Growth from USD 94.94B (2025) to USD 153.39B (2034)

Austin, TX, USA - As per the Carpets & Rugs Market analysis conducted by the CMI Team, the global Carpets & Rugs Market is expected to record a CAGR of 6.9% from 2025 to 2034. In 2025, the market size is projected to reach a valuation of USD 94.94 Billion, and by 2034, the valuation is anticipated to reach USD 153.39 Billion.

The global carpets and rugs market continues to display strong momentum, driven by rising residential remodeling activities, commercial infrastructure development, and the growing preference for customized, sustainable, and design-enhanced flooring solutions. Changing consumer lifestyles, advancements in fiber technology, and the boom in online home décor retailing are significantly accelerating market growth.

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Sustainability is a defining trend in the industry.

Manufacturers are increasingly adopting recycled fibers, low-VOC materials, and circular production models. Carpet tiles and modular flooring options are seeing rapid adoption due to ease of installation, flexibility, and compatibility with modern interior design needs. Meanwhile, the automotive and transportation sector continues to integrate performance rugs and mats to enhance comfort, noise reduction, and vehicle aesthetics.

Market Overview

The global carpets & rugs market is experiencing robust expansion as consumers and businesses seek versatile, durable, and aesthetically pleasing flooring materials. Tufted carpets dominate global sales due to their affordability and wide applicability, while woven carpets remain preferred in premium, luxury, and hospitality interiors. Modular carpet tiles are becoming increasingly popular across corporate, educational, and retail environments.

In residential environments, carpet plays a central role in providing comfort, insulation, and sound absorption. In commercial applications, carpets and rugs help enhance acoustics, improve foot traffic management, and elevate interior design appeal.

Growing interest in digitally printed carpets, anti-microbial rugs, and performance-enhanced materials is shaping new opportunities for manufacturers. Additionally, e-commerce platforms have significantly expanded product accessibility, enabling global brands to reach consumers more effectively.

Key Market Dynamics

Growth Drivers

• Rising residential construction & renovation: Home modernization trends and growing interest in interior aesthetics drive strong adoption of carpets and rugs across bedrooms, living rooms, and décor spaces.
• Commercial infrastructure expansion: Growth in office spaces, hospitality projects, retail establishments, and institutional buildings boosts demand for durable carpet tiles and woven rugs.
• Technological advancements in fiber materials: Innovations in stain resistance, waterproofing, and recycled fiber technology enhance product performance and customer preference.
• Increasing popularity of sustainable flooring solutions: Eco-friendly carpets made from PET, recycled nylon, and natural fibers continue to gain traction.
• Boom in online retailing: Digital platforms offer extensive design options, product visualizers, and convenient delivery, expanding overall market reach.
• Automotive sector growth: Rugs and floor mats improve vehicle insulation, noise reduction, and styling, contributing to steady demand from OEMs and aftermarket suppliers.

Market Challenges

• High competition and price sensitivity impacting profit margins.
• Fluctuation in raw material prices, particularly synthetic fibers such as nylon and polypropylene.
• Sustainability compliance pressure, requiring investments in eco-friendly manufacturing and recycling programs.
• Increasing substitution from hard flooring alternatives such as vinyl, laminate, and wood flooring in certain regions.
Opportunities
• Rapid growth of carpet tiles in commercial and educational environments.
• Rising adoption of digitally printed and designer rugs, especially in luxury home décor.
• Increasing investments in recycled fiber technologies and circular flooring solutions.
• Significant expansion opportunities in Asia Pacific, Middle East, and Latin America due to urban development and rising disposable incomes.
• Growing demand for smart carpets, equipped with sensors for commercial and industrial monitoring applications.

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Segment Analysis

By Type

• Tufted Carpets:
Account for the largest market share due to cost-effectiveness, mass production capability, and wide usage in both residential and commercial interiors.
• Woven Carpets:
Preferred for luxury spaces, hospitality, and high-end décor due to superior craftsmanship, durability, and design capability.
• Needle-Punched Carpets:
Used mainly in exhibition halls, transportation, and low-cost commercial settings due to durability and budget-friendly pricing.
• Knotted Carpets:
Represent the premium, artisanal segment with strong demand in niche décor and luxury home collections.
• Others:
Includes modular carpet tiles, hybrid carpets, and specialty rugs with high growth potential in North America and Europe.

By Material

• Nylon:
Dominates due to durability, resilience, and high stain resistance. Widely used in commercial carpets.
• Polyester:
Popular for its aesthetics, color retention, and affordability, especially in residential applications.
• Polypropylene:
Gaining traction for moisture resistance, low cost, and suitability for outdoor and automotive uses.
• Others:
Includes wool, natural fibers, recycled fibers, and blended materials that support sustainability goals.
By End-User
• Residential:
Largest segment driven by growing home improvement trends and rising consumer expenditure on interiors and décor.
• Non-residential (Commercial):
Includes offices, hotels, retail spaces, hospitals, and educational buildings. Demand is driven by durability, design flexibility, and acoustic performance.
• Automotive & Transportation:
Consistent growth due to the use of specialty rugs and mats in passenger vehicles, buses, aircraft, and trains for noise absorption and comfort.

By Distribution Channel

• Retail Stores:
Continue to dominate due to product visibility and in-person customization guidance.
• E-Commerce:
Fastest-growing channel offering convenience, extensive product catalogs, and competitive pricing.
• Wholesale & B2B:
Plays a strong role in supplying contractors, builders, and commercial interior firms.
• Mass Merchandisers:
Increase product accessibility through budget ranges and large-volume distribution.

Regional Insights

North America

Strong adoption in residential and commercial interiors, focus on sustainable flooring, and expansion of modular carpet solutions.

Europe

Known for premium woven carpets, innovative textile technologies, and high sustainability standards driving recycled fiber usage.

Asia Pacific

Expected to witness the fastest growth due to industrialization, urban housing expansion, and rising consumer income across China, India, and Southeast Asia.

Latin America

Increasing adoption in residential décor and commercial renovation projects.

Middle East & Africa
Demand driven by tourism infrastructure, modern commercial spaces, and urban development initiatives.

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Key Developments

In April 2025, Tarkett launched three new flooring collections-Angled in Enrichment, High Frequency, and Grounded Harmony (Book Two)-focused on improving creativity, focus, and balance in educational environments. Offered in carpet tile and Powerbond hybrid formats, the collections integrate up to 79% recycled content and are fully recyclable through Tarkett's ReStart program, aligning with global sustainability and carbon reduction commitments.

Competitive Landscape

The Carpets & Rugs Market is highly competitive, with numerous global manufacturers offering a wide spectrum of materials, styles, and customization capabilities. Companies are adopting circular production models, expanding e-commerce presence, and enhancing R&D investments in sustainable fibers.

Leading Players Include:

• Mohawk Industries Inc.
• Shaw Industries Group Inc.
• Beaulieu International Group
• Balta Industries NV
• Tarkett Group
• Victoria PLC
• Tai Ping Carpets International Ltd.
• Oriental Weavers Company
• Godfrey Hirst Carpets
• La Manufacture Cogolin
• Mannington Mills
• Forbo Holding AG
• Rugs USA
• Ruggable LLC
• Others

Why Buy This Report?

• Gain accurate, data-backed market forecasts through 2034.
• Understand competitive landscapes with detailed profiles of global and regional players.
• Identify high-growth opportunities across segments and regions.
• Access insights on emerging trends, market drivers, and restraints.
• Evaluate investment opportunities and ROI potential across verticals.
• Stay updated with technological advances and sustainable product innovations.
• Leverage segmentation insights to better align product and marketing strategies.
• Support strategic planning with comprehensive regional performance analysis.

FAQs

1. What is the market size by 2034?
The global Carpets & Rugs Market is projected to reach USD 153.39 Billion by 2034.
2. What is the expected CAGR?
The market is expected to grow at a CAGR of 6.9% from 2025-2034.
3. Which type of carpet leads the market?
Tufted carpets dominate due to affordability and wide applicability.
4. What are the key end-use industries?
Residential, commercial (non-residential), and automotive & transportation.
5. What drives market growth?
Home renovation trends, commercial infrastructure expansion, sustainable flooring adoption, and advancements in carpet fiber technologies.

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