The global carpet & rug market size is expected to reach USD 88.41 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 8.0% from 2025 to 2030. This market growth is attributed to the rising demand for home decor and interior design. As more consumers seek to enhance their living spaces, the demand for aesthetically pleasing and functional carpets and rugs increases. This trend is particularly strong in urban areas, with a growing interest in unique, high-quality home decor items.
The increasing disposable incomes and changing lifestyles of consumers are contributing to market growth. With higher purchasing power, consumers are willing to invest in premium and customized carpets and rugs that reflect their style and preferences. This shift towards luxury and personalized home furnishings is expected to drive the market further.
The growing focus on sustainability and eco-friendly products is influencing the market. Consumers are becoming more conscious of their purchases' environmental impact and opting for carpets and rugs made from natural and recycled materials. This trend encourages manufacturers to adopt sustainable practices and offer eco-friendly products, driving market growth.
Moreover, technological advancements in carpet and rug manufacturing are crucial in market expansion. Innovations such as advanced weaving techniques, digital printing, and using high-quality materials enhance carpets and rugs' durability, design, and functionality. These advancements are attracting consumers who seek modern and innovative home decor solutions.
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In 2024, tufted carpets and rugs accounted for a revenue share of 30.3% in the overall market, driven by their popularity and widespread adoption due to their affordability, durability, and diverse designs. 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
Demand for carpets and rugs made of polyester is set to grow at a CAGR of 9.2% from 2025 to 2030. This growth is driven by polyester's affordability, durability, and versatility, making it a preferred choice for manufacturers and consumers alike, enhancing product offerings and meeting diverse market needs
The use of carpets and rugs in the residential sector accounted for a share of 60.8% in 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
The market in Europe accounted for a revenue share of 31.8% of the global market revenue in 2024. Increasing consumer preferences for home decor and aesthetic enhancements significantly boosted demand. The rising trend towards sustainability and eco-friendly carpets also played a crucial role. In addition, technological advancements and the use of sustainable materials contributed to market growth
Grand View Research has segmented the global carpet & rug market based on type, material, end use, and region:
Carpet & Rug Type Outlook (Revenue, USD Million, 2018 - 2030)
Tufted
Needle Punched
Knotted
Woven
Others
Carpet & Rug Material Outlook (Revenue, USD Million, 2018 - 2030)
Polyester
Nylon
Cotton
Polypropylene
Others
Carpet & Rug End Use Outlook (Revenue, USD Million, 2018 - 2030)
Residential
Commercial
Carpet & Rug 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
List of Key Players of Carpet & Rug Market
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
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