Rugs and Carpets Market Size, Share, Growth, and Industry Analysis, By Type (Woven, Needle Felt, Tufted, Others), By Application (Commercial, Home, Transport), Regional Forecast From 2025 To 2033

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RUGS AND CARPETS MARKET OVERVIEW

The global Rugs and Carpets Market size was valued at approximately USD 41.9 billion in 2024 and is expected to reach USD 65 billion by 2033, growing at a CAGR of about 5%. during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the global rugs and carpets market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Rugs and carpets are textile floor coverings with a backing and an upper layer of pile. The pile is typically constructed of twisted tufts that are frequently heat-treated to preserve their structure and is either made of wool or fibres like polypropylene, nylon, or polyester.

Because of their appealing appearance and usefulness, carpets and rugs are widely used. It is a supplement to floor coverings that improves the aesthetic appeal of a home or office's interior overall. By providing an additional layer of padding, rugs and carpets shield floors. For those who live in cold areas, rugs and carpets are a blessing since they prevent the floor from being too chilly. Rugs and carpets are mostly used in commercial, residential, and industrial settings. The demand for carpets and rugs is stronger in developed economies.

COVID-19 IMPACT

Pandemic Increased the Market Demand

The market for carpets and rugs suffered as a result of the current coronavirus outbreak. To stop the Wuhan virus from spreading, the government imposed a state of emergency, which seriously affected the flow of raw materials and the manufacturing process for the world's carpet rugs. Government regulations on lodging establishments, eateries, and workplaces caused a dramatic decline in the demand for carpet rugs. The COVID-19 pandemic outbreak led to restrictions on supermarkets, hypermarkets, and brand stores, seriously disrupting the distribution chain. E-commerce has significantly improved the supply chain and distribution system. Due to worries about the spread of infections caused by the coronavirus, many have started to avoid making in-store transactions.

LATEST TRENDS

Putting strategies into action and increasing the significance of organized retailing

Furthermore, in the projection period of 2022 to 2029, market participants will benefit from manufacturers' use of a variety of innovative technologies and business methods. Additionally, the market for carpets and rugs will continue to rise due to the growing significance of organized retailing.

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RUGS AND CARPETS MARKET SEGMENTATION

By Type Analysis

According to type, the rugs and carpets market can be segmented into woven, needle felt, tufted, others.

By Application Analysis

Based on application, the market can be divided into commercial, home, transport.

DRIVING FACTORS

Increased Remodelling and Renovation Work to boost the industry

For its aesthetic appeal as well as practical qualities like slip resistance and floor heat insulation, carpets and rugs are used. Rugs and carpets cover floors, add to the aesthetic appeal of a room or workplace, and act as a protective layer for them.

Increase in Available Income to propel market growth

In industrialized economies, the demand for carpet and rugs peaked a few decades ago. But in recent years, this pattern has changed, with people now spending more money on making purely aesthetic alterations to their homes or workplaces. The easing of the economic crisis has contributed to this requirement by rekindling consumer interest in carpets and rugs. Additionally, it is anticipated that consumer disposable income will rise, particularly in developing nations.

RESTRAINING FACTORS

High Competition and Supply Chain Breakdowns to Retrain the Market

The global rugs and carpet market can be restrained by factors such as high competition, fluctuating raw material costs, environmental concerns, and changing consumer preferences. The intense competition can lead to pricing pressures and reduced margins, while volatile raw material costs can affect profitability. The market for carpets and rugs has been affected in a number of ways by the COVID-19 outbreak. Market revenue during the year was impacted by the lockdown's extensive market changes. As a result, this will hinder the rugs and carpets market growth rate of the carpet and rug market.

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RUGS AND CARPETS MARKET REGIONAL INSIGHTS

North America Dominating the Market and Revenue Shares

North America will maintain its dominance over the market in terms of revenue and global rugs and carpets market share. The high level of disposable money in this area and the rising popularity of interiors with shifting treads are both factors contributing to the market growth.

On the other hand, Asia-Pacific is anticipated to experience profitable growth as a result of the region's expanding demand for various kinds of carpets and rugs in both the residential and commercial sectors and an uptick in construction activity.

The national portion of the research also lists specific market-impacting elements and modifications to market regulation that have an effect on the market's present and future developments. Data points including technical trends, porter's five forces analysis, case studies, and upstream and downstream value chain analyses are just a few of the indicators utilized to anticipate the market environment for certain nations. When giving prediction analysis of the country data, it also takes into account the presence and accessibility of international brands as well as the difficulties they encounter due to strong or weak competition from local and domestic brands, the influence of domestic tariffs, and trade routes.

KEY INDUSTRY PLAYERS

Adoption Innovative Strategies by Key Players Influencing Market Development

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. The top key players in the market are Shaw Industries, Mohawk, Milliken, Beaulieu, Interface, Tarkett, Dixie Group, Oriental Weavers, Balta, Brintons, Infloor, Dinarsu, Merinos, Dongsheng Carpet Group, Jiangsu Kaili Carpet, Shanhua Carpet, Haima Carpet and others. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. In addition, the strategies to develop new technologies, capital investment in R&D, improve product quality, acquisitions, mergers, and compete for the market competition help them to perpetuate their position and value in the market. Besides, collaboration with other companies & extensive possession over market shares by the key players stimulates the market growth.

List of Top Rugs and Carpets Companies

• Shaw Industries
• Mohawk
• Milliken
• Beaulieu
• Interface
• Tarkett
• Dixie Group
• Oriental Weavers
• Balta
• Brintons
• Infloor
• Dinarsu
• Merinos
• Dongsheng Carpet Group
• Jiangsu Kaili Carpet
• Shanhua Carpet
• Haima Carpet
• TY Carpet
• COC Carpet
• Shenzhen Meijili Carpet
• HUADE Group
• Zhemei Carpets

REPORT COVERAGE

This report examines an understanding of the rugs and carpets market’s size, share, growth rate, segmentation by type, application, key players, and previous and current market scenarios. The report also collects the market’s precise data and forecasts by market experts. Also, it describes the study of this industry’s financial performance, investments, growth, innovation marks, and new product launches by the top companies and offers deep insights into the current market structure, competitive analysis based on key players, key driving forces, and restraints that affect the demand for growth, opportunities, and risks.

Furthermore, the post-COVID-19 pandemic’s effects on international market restrictions and a deep understanding of how the industry will recover, and strategies are also stated in the report. The competitive landscape has also been examined in detail to provide clarification of the competitive landscape.

This report also discloses the research based on methodologies that define price trend analysis of target companies, collection of data, statistics, target competitors, import-export, information, and previous years’ records based on market sales. Moreover, all the significant factors which influence the market such as small or medium business industry, macroeconomic indicators, value chain analysis, and demand-side dynamics, with all the major business players have been explained in detail. This analysis is subject to modification if the key players and feasible analysis of market dynamics change.