Carpet And Rugs Market

The demand for different styles of carpets and rugs is increasing, companies are increasing their supply that is specifically suitable for various floor types and in different styles like tile flooring, wooden parquet flooring, laminate flooring, area rugs, kitchen rugs, cheap rugs, runner rugs, Berber carpet, carpet flooring, stair runner, grey carpet, carpet squares, stair carpet, grass carpet, custom rugs, oriental rugs, carpet runner, Ikea carpet, carpet padding, carpet company, bedroom rug, wool carpet, shaggy rug, black carpet, carpets for living room, stair runner carpet, artificial grass carpet, white carpet, Christmas rugs, kitchen carpet, round carpet, green grass carpet, and floor runner.

For instance, in August 2020 Ikea Systems launched a Thai street-style collection, they are affordable and multifunctional those are inspired by recycling, reusing, and creative repurposing. The collection of a mix of Thai street style and home furnishing expertise which includes cushions, and rugs made from PET bottles.

Furthermore, the increasing demand for rugs and carpets in between people assigns to the increasing urbanization rate also the increasing standard of living. Also, the shift in consumer demands on the usage of eco-friendly floor carpets which are made up of materials such as bamboo, wool, and others drives the growth of the market.

The Global Carpets and Rugs Market Industry is poised for substantial growth, with projections indicating a market value of 82.1 USD Billion in 2024 and an anticipated increase to 140.9 USD Billion by 2035. This growth trajectory reflects a compound annual growth rate (CAGR) of 5.03% from 2025 to 2035. Such figures suggest a robust demand for carpets and rugs, driven by various factors including consumer preferences, technological advancements, and sustainability trends. The market's expansion is likely to create new opportunities for manufacturers and retailers, fostering innovation and competition within the industry.

The expansion of the real estate sector significantly influences the Global Carpets and Rugs Market Industry. As new residential and commercial properties are developed, the demand for flooring solutions, including carpets and rugs, rises correspondingly. This trend is particularly evident in emerging markets, where urbanization and population growth drive real estate investments. The increasing number of housing projects and commercial spaces creates opportunities for carpet and rug manufacturers to supply their products. This growth trajectory is expected to contribute to the market's valuation of 140.9 USD Billion by 2035, underscoring the interdependence between real estate development and the carpets and rugs sector.

The Global Carpets and Rugs Market Industry experiences a notable surge in consumer demand for home decor products. As individuals increasingly prioritize aesthetics and comfort in their living spaces, carpets and rugs have become essential elements of interior design. This trend is reflected in the projected market value of 82.1 USD Billion in 2024, indicating a robust interest in enhancing home environments. Furthermore, the growing influence of social media platforms, where interior design trends are widely shared, contributes to this demand. Consumers are more inclined to invest in quality carpets and rugs that align with their personal style, thus driving market growth.

Sustainability emerges as a pivotal driver within the Global Carpets and Rugs Market Industry. As environmental awareness escalates, consumers increasingly seek eco-friendly options in their purchasing decisions. Manufacturers are responding by developing carpets and rugs made from sustainable materials, such as recycled fibers and organic textiles. This shift not only caters to consumer preferences but also aligns with global sustainability goals. The market's evolution towards greener products is likely to enhance brand loyalty and attract environmentally conscious consumers. Consequently, this trend may significantly influence market dynamics, fostering growth and innovation in the sector.

Technological advancements play a crucial role in shaping the Global Carpets and Rugs Market Industry. Innovations in manufacturing processes, such as automation and digital printing, enhance production efficiency and product customization. These technologies enable manufacturers to create intricate designs and patterns that cater to diverse consumer preferences. Additionally, advancements in materials science lead to the development of durable and stain-resistant carpets and rugs, appealing to a broader audience. As the market evolves, these technological improvements are expected to contribute to the projected CAGR of 5.03% from 2025 to 2035, indicating a promising future for the industry.

Diverse consumer preferences and the demand for customization are pivotal factors in the Global Carpets and Rugs Market Industry. As consumers seek unique and personalized home decor solutions, manufacturers are increasingly offering customizable options. This trend allows consumers to select colors, patterns, and materials that resonate with their individual tastes. The ability to tailor products enhances customer satisfaction and fosters brand loyalty. Additionally, the rise of e-commerce platforms facilitates access to a wider range of customizable carpets and rugs, further driving market growth. This adaptability to consumer preferences positions the industry favorably in a competitive landscape.

By Region, the study segments the market into North America, Europe, Asia-Pacific, and the Rest of the World. The North American carpets and rugs market accounted for USD 32.81 billion in 2021 and is expected to exhibit an 4.25% CAGR during the study period. The key players are working on launching new products with different styles, colors, textures, and so on. For instance, in January 2023, Mannington Commercial launched its new Dwellings Collection, a curated suite of broadloom carpet offerings that provide harmony and comfort to all types of living areas, including multi-family and senior living rooms.

The gentle, neutral colours in this new collection seamlessly combine minimalist style with controlled patterning for a cosy effect. There are 10 broadloom designs available in the Dwellings Collection. There are four neutral hues for Adison, Alcove, Creekside, and Haven while there are six neutral colours for Dream, Frame, Harmony, Sonnet, Twist, and Wish. Styles like textured cut pile, level cut loop, and textured level loop add to the design flexibility.

Further, the major countries studied are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: CARPETS AND RUGS MARKET SHARE BY REGION 2021 (%)

Source: Secondary Research, Primary Research, Market Research Future Database, and Analyst Review

Asia-Pacific carpets and rugs market accounts for the second-largest market share due to the increasing construction activities and growing demand for different types of carpets and rugs in the residential and commercial sectors in the region. For instance, in August 2020, IKEA launched the ‘Made in India’ collection using rice straw that is FORANDRING. It is a collection of eco-friendly products that includes rugs, lamp shades, and other decorative items. The company’s main focus is to encourage eco-friendly agriculture and lessen pollution.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the cervical fusion market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the carpets & rugs industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the carpets & rugs industry to benefit clients and expand the carpets & rugs market sector is to manufacture locally to reduce operating costs. In recent years, carpets & rugs have provided products with some of the most significant benefits.