The global carpet & rug market was estimated at USD 55.87 billion in 2024 and is expected to expand at a CAGR of 8.0% from 2025 to 2030. The increasing demand for home décor and interior design is a major driver. Consumers are becoming more conscious about the aesthetics of their living spaces. They invest in high-quality carpets and rugs to enhance their homes' visual appeal and comfort. The rise in disposable income and the influence of social media trends also contribute to this demand, as people are more willing to spend on luxury and designer home furnishing products.
A carpet is a large, thick floor covering that typically extends wall-to-wall and is fixed to the floor, providing comfort, insulation, and aesthetic appeal. Made from materials such as wool, nylon, or polyester, carpets help reduce noise and prevent slips. In contrast, a rug is a smaller, movable floor covering that adds decorative elements to specific areas and can be easily repositioned or replaced. Rugs come in various shapes, sizes, and designs, often featuring intricate patterns. The primary difference between the two lies in their size, installation, and functionality—while carpets cover entire rooms for warmth and protection, rugs serve as stylish accents for particular spaces.
With rapid urbanization and infrastructural development, there is a substantial increase in residential and commercial construction projects. This surge in construction activities creates a higher demand for carpets and rugs as essential interior decoration components. In addition, the growing trend of renovating and remodeling existing properties is further boosting the market as homeowners and businesses seek to update their interiors with stylish and durable flooring solutions. For instance, according to LIRA, Homeowners' renovation spending was USD 463 billion in Q1 2024.
The increasing awareness about carpets and rugs' insulation and noise reduction benefits is also propelling market growth. Carpets and rugs provide thermal insulation, helping to maintain indoor temperatures and reduce energy consumption. They also offer acoustic benefits by absorbing sound, making them ideal for offices, hotels, and residential spaces. As environmental concerns gain prominence, manufacturers also focus on producing eco-friendly and sustainable products, attracting environmentally conscious consumers and driving market expansion.
A study in 2020 was conducted to understand consumer opinions on the post-purchase use and care of rugs and carpets in India. Carpets and rugs serve functional purposes such as thermal insulation, slip resistance, floor protection, and enhancing home décor and style. All respondents reported using carpets or rugs in their homes, appreciating the added comfort and aesthetic value. The following graph showcases preferred areas of the house where rugs and carpets are used as per the survey.
The same study found that a significant amount of respondents (77%) purchased their rugs and carpets from local shops, local exhibitions, and other local events. Offbeat purchasing methods included door-to-door sellers (13%), online purchases (7%), and products made by elderly household members (3%). The age of the rugs and carpets owned by respondents ranged from one year to twenty-five years, with prices varying from USD 22.90 to USD 286.25. Synthetic materials, such as wool, cotton, and jute, were some of the most common materials found in the carpets and rugs used by the respondents, as shown in the chart below.
Tufted carpets and rugs accounted for a revenue share of 30.3% in the overall carpet & rug industry in 2024, driven by its cost-effectiveness and quick production process. Tufted carpets are manufactured using a mechanized process that involves inserting yarns into a pre-woven backing, which is faster and less labor-intensive than other methods like hand-knotting. This efficiency lowers production costs, making tufted carpets more affordable for consumers. Tufted carpets offer good durability and comfort underfoot, which are important consumer considerations. The dense pile structure provides a soft and cushioned feel, making them suitable for high-traffic areas and ensuring long-lasting performance. The combination of affordability, design versatility, and comfort makes tufted carpets a preferred choice for many consumers, driving their substantial revenue share in the market.
Demand for knotted carpets and rugs in the carpet & rug industry is expected to grow at a CAGR of 8.8% from 2025 to 2030. Knotted carpets are renowned for their intricate designs and high-quality craftsmanship, often considered luxurious and premium products. This allure of owning unique, hand-crafted pieces is attracting affluent consumers and collectors who seek to add a touch of elegance and exclusivity to their spaces. Moreover, the increasing appreciation for traditional and artisanal products contributes to the demand for knotted carpets. As consumers become more conscious of cultural heritage and sustainable practices, a growing preference for products embodying these values grows. Knotted carpets, often made from natural fibers like wool and silk, align with the eco-friendly and ethical consumption trends gaining momentum globally.
Nylon carpets and rugs accounted for a revenue share of 41.7% in the overall carpet and rug industry in 2024, driven by their exceptional durability and resilience. This makes them a popular choice for high-traffic areas in both residential and commercial settings. This robustness ensures a longer lifespan and better performance, which appeals to consumers seeking cost-effective flooring solutions. Nylon carpets and rugs offer excellent stain resistance and ease of maintenance, making them particularly attractive to households with children, pets, and businesses that require easy-to-clean flooring options.
Demand for carpets and rugs made of polyester is set to grow at a CAGR of 9.2% from 2025 to 2030. Polyester is a versatile material produced in various colors and patterns, allowing manufacturers to create diverse, trendy designs that cater to varying consumer preferences. This versatility, coupled with the material's affordability and durability, drives the strong demand for polyester carpets and rugs in the market. As consumers continue to seek stylish and practical flooring options, the popularity of polyester material is set to rise significantly.
The use of carpets and rugs in the residential sector accounted for a share of 60.8% of the overall carpet and rug industry in 2024, driven by the increasing demand for home renovation and interior decoration, driven by rising disposable incomes, and the growing trend of urbanization. Homeowners increasingly invest in aesthetically pleasing and comfortable floor coverings to enhance their living spaces. In addition, the popularity of home improvement shows and the influence of social media on interior design trends have further spurred the demand for carpets and rugs in residential settings. The availability of a wide variety of designs, colors, and materials has also played a crucial role in attracting consumers to this market segment.
Demand for carpets and rugs in the commercial sector is expected to rise at a CAGR of 8.3% from 2025 to 2030. The surge in construction activities, particularly in the commercial sector, is fueling demand for high-quality floor coverings. As businesses and institutions seek to enhance their interiors with aesthetic and durable options, carpets and rugs have become popular. Furthermore, increasing urbanization and expanding commercial spaces in developing countries further bolster market growth. The growing trend of eco-friendly and sustainable products also influences the market, as consumers and businesses opt for environmentally friendly carpet options. Furthermore, technological advancements and innovative product designs attract customers who value functionality and style.
The carpet & rug market in Europe accounted for a revenue share of 31.8% of the global market revenue in 2024, driven by rapid urbanization, increasing construction activities, and a strong demand for home renovation and interior decoration. The European market has also benefited from the rising trend of eco-friendly and sustainable products, technological advancements, and innovative product designs. Moreover, government support for housing activities in countries such as France, Spain, Germany, and the UK has further bolstered the market.
In December 2024, UK-based brand Brintons launched its first carpet collection in collaboration with the V&A Museum. The Design Discoveries collection featured six striking designs inspired by the pochoir creations of French artist Emile-Allain Séguy, reimagined for the commercial market. These designs celebrated Séguy’s geometric interpretations of natural forms, offering customization options through Brintons' Design Studio Online platform.
The carpet & rug market in North America accounted for a revenue share of 26.8% in 2024. The region has witnessed a steady rise in construction and home renovation activities, driven by increasing disposable incomes and a growing interest in interior design. Consumers in North America are also showing a strong preference for sustainable and eco-friendly products, which has positively influenced the market. In addition, technological advancements and innovative product designs have attracted customers looking for functionality and style.
In August 2023, Tisca Rugs, the renowned Austrian manufacturer, announced exclusive distribution in the U.S. and Canada through LSI Flooring. With 26 styles in 96 colors, Tisca Rugs offer customizable sizes and high quality. LSI Flooring, with offices in Manhattan and Fort Lauderdale, has a strong North American presence with 22 sales representatives.
The U.S. carpet & rug market is expected to grow significantly from 2025 to 2030. Rising disposable incomes and urbanization are key drivers, as is the increasing demand for home renovation and interior decoration. Moreover, the growing trend of eco-friendly and sustainable products influences consumer preferences, leading to higher demand for carpets and rugs made from recycled materials or natural fibers. Technological advancements and innovative product designs also attract customers who value functionality and style.
In March 2025 Rugs America Corp. unveiled an improved rug display system at the New York Home Fashions Market. The self-service rug gallery, featuring storage bins for backup stock, caters to instant gratification-seeking consumers. Based on customer feedback, this revamped model is showcased at the company's showroom at 295 Fifth Avenue, suite 1203.
The carpet & rug market in Asia Pacific is expected to grow at a CAGR of 9.5% from 2025 to 2030. The rapid urbanization and increasing construction activities in countries such as China, India, and Southeast Asia drive the demand for carpets and rugs. Furthermore, the rising disposable incomes and changing lifestyles of consumers in the region fuel the desire for aesthetically pleasing and comfortable home furnishings. The growing trend of eco-friendly and sustainable products also influences the market as consumers become more environmentally conscious. Furthermore, advancements in technology and innovative product designs are attracting customers who seek both functionality and style.
In January 2025, Jaipur Rugs opened its first retail store in Raipur, Chhattisgarh, expanding its presence in India. This marks the company's 19th store, including international flagship locations. The family-owned business collaborates with 40,000 rural artisans and exports to over 90 countries, emphasizing traditional craftsmanship and modern retail strategies.
The carpet and rug market is fragmented primarily due to several globally recognized and regional players. Some prominent companies in this market are Jaipur Rugs, Carpet Planet, Mohawk Industries, Inc., Anderson Tuftex (Shaw Industries, Inc.), and others.
Jaipur Rugs has become the largest network of artisans in India, with over 40,000 rural artisans, 85% of whom are women. Jaipur Rugs is known for its handmade carpets, which are crafted using traditional techniques and contemporary designs. The company exports its products to over 90 countries and has flagship stores in Milan, London, Dubai, and Singapore. Jaipur Rugs emphasizes preserving age-old craftsmanship while incorporating modern retail strategies to cater to a discerning global audience.
Carpet Planet is a micro-enterprise that manufactures and wholesales carpets, artificial grass, and other floor coverings. The company operates from its registered office in Pune and has a strong presence in the local market. It focuses on providing high-quality products and services to its customers and leverages its expertise in the floor-covering industry.
The following are the leading companies in the carpet & rug market. These companies collectively hold the largest market share and dictate industry trends.
In December 2024, Benuta, Europe's largest online rug store, adopted Constructor's e-commerce search and product discovery platform to enhance and personalize online shopping experiences. With over 20,000 items, Benuta offers many styles and home decor. Constructor's AI Shopping Assistant will help shoppers find products that suit their preferences, saving Benuta's merchandisers time. The platform is being used across various European domains, personalizing searches in local languages for seamless and inspiring shopping experiences.
In August 2024, STARK and Missoni unveiled a new rug collection, continuing their partnership that began in 2005. The collection featured nine stocked rug styles, five custom rug styles, and a signature custom SPA rug crafted with STARK’s durable Performance Acrylic fiber. In addition, 10 carpet styles and a palette of 100 custom colors in wool, silk, and silky nylon offered a tailored luxury experience.
In March 2021, Hands Carpets introduced its 'Persian' collection, featuring hand-knotted carpets made from wool, botanical, and pure silk. The range highlighted intricate patterns, medallion designs, floral motifs, and pastel-toned details. The carpets drew on traditional Persian weaving techniques, offering detailed artistic imagery and complex construction. The collection emphasized craftsmanship and the use of rich colors and vintage-inspired designs.
Report Attribute |
Details |
Market revenue in 2025 |
USD 60.06 billion |
Revenue forecast in 2030 |
USD 88.41 billion |
Growth rate (revenue) |
CAGR of 8.0% from 2025 to 2030 |
Actual data |
2018 - 2024 |
Forecast period |
2025 - 2030 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2025 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Type, material, end use, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
Country scope |
U.S.; Canada; Mexico; Germany; UK; France; Italy; Spain; China; Japan; India; Australia & New Zealand; South Korea; Brazil; Argentina; South Africa; UAE |
Key companies profiled |
Jaipur Rugs; Carpet Planet; Mohawk Industries, Inc.; Anderson Tuftex (Shaw Industries Inc.); Beaulieu International Group; Rugs USA; Ruggable LLC; Kaleen; The Natural Carpet Company; The Dixie Group |
Customization |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global carpet & rug market based on type, material, end use, and region:
Type Outlook (Revenue, USD Million, 2018 - 2030)
Tufted
Needle Punched
Knotted
Woven
Others
Material Outlook (Revenue, USD Million, 2018 - 2030)
Polyester
Nylon
Cotton
Polypropylene
Others
End Use Outlook (Revenue, USD Million, 2018 - 2030)
Residential
Commercial
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Asia Pacific
Japan
China
India
South Korea
Australia & New Zealand
Latin America
Brazil
Argentina
Middle East and Africa (MEA)
South Africa
UAE
b. The global carpet & rug market was estimated at USD 55.87 billion in 2024 and is expected to reach USD 60.06 billion in 2025.
b. The global carpet & rug market is expected to grow at a compound annual growth rate of 8.0% from 2025 to 2030 to reach USD 88.41 billion by 2030.
b. Europe dominated the carpet & rug market with a share of 31.8% in 2024. The regional growth is driven by rapid urbanization, increasing construction activities, and a strong demand for home renovation and interior decoration.
b. Some of the key players operating in the carpet & rug market include Jaipur Rugs; Carpet Planet; Mohawk Industries, Inc.; Anderson Tuftex (Shaw Industries Inc.); Beaulieu International Group; Rugs USA; Ruggable LLC; Kaleen; The Natural Carpet Company; The Dixie Group.
b. Major factors driving demand for carpet & rug market include their aesthetic appeal, durability, customization options, eco-friendly materials, technological advancements, and rising consumer preference for home decor.
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