The global carpet and rugs market is poised for significant growth, driven by evolving consumer preferences, technological advancements, and a heightened focus on sustainability. As of 2025, the market size is estimated at USD 52.46 billion, with projections indicating an expansion to USD 66.26 billion by 2030, reflecting a compound annual growth rate (CAGR) of 4.78% during the forecast period

Market Size and Share Analysis

The Carpet and Rugs Market size is estimated at value of USD 52.46 billion in 2025 and is expected to reach value of USD 66.26 billion by 2030, at a CAGR of 4.78%. The market's medium concentration indicates a balanced distribution among key players, fostering competitive innovation and diverse product offerings.

Key Market Drivers

1. Technological Innovations:

Advancements in digital printing have revolutionized the carpet and rugs industry, enabling intricate designs and personalized patterns that cater to individual consumer tastes. This technological leap has not only enhanced aesthetic appeal but also streamlined production processes, reducing lead times and costs.

2. Sustainability and Eco-Friendly Materials:

A growing environmental consciousness among consumers has led to increased demand for carpets and rugs made from sustainable materials. Manufacturers are responding by incorporating recycled fibers and natural materials like wool, jute, and bamboo into their products, aligning with global sustainability goals.

3. Residential and Commercial Construction Boom:

The surge in residential renovations and commercial construction projects globally has significantly contributed to the demand for carpets and rugs. In the United Kingdom, for instance, home remodeling spending witnessed a 36% increase, reaching a median of £15,000, indicating robust consumer investment in home aesthetics.

Regional Market Insights

Europe:

Europe maintains its position as the second-largest carpet and rugs market globally, accounting for approximately 40% of the total European floor covering market. The region's market is characterized by strong trade dynamics, with Belgium emerging as a dominant production hub, exporting 96% of its carpet production. Germany plays a crucial role, serving both as a significant consumer market and a vital trade center, with a strong preference for high-quality, sustainable products.

India:

The Indian carpet and rugs market is projected to register a CAGR of greater than 5% during the forecast period. This growth is driven by increasing domestic demand and a strong export market. Key players in the Indian market include Saif Carpets Pvt Ltd, Genie Carpet Manufacturers, KarpetsbyRKS, Marwar Carpets International, and Bhadohi Carpets.

Saudi Arabia:

In Saudi Arabia, the carpet and rugs market is expected to register a CAGR of greater than 3.5% during the forecast period. The market's growth is fueled by the country's ambitious Vision 2030 agenda, which includes significant investments in housing and infrastructure projects. Saudi Arabia exports carpets to more than 70 countries, producing nearly 120-130 million sq. m of carpet annually.

Turkey:

Turkey's carpet and rugs market is estimated at USD 1.83 billion in 2025, with expectations to reach USD 2.30 billion by 2030, growing at a CAGR of 4.67%. The country's rich tradition in carpet weaving and strong export capabilities position it as a significant player in the global market.

Consumer Trends and Preferences

Modern consumers are increasingly seeking carpets and rugs that combine aesthetic appeal with functionality. There is a notable shift towards minimalist designs, neutral color palettes, and textures that add depth to living spaces. Additionally, the demand for hypoallergenic and easy-to-maintain products is on the rise, influencing manufacturers to innovate accordingly.

Competitive Landscape

The global carpet and rugs market features a mix of established players and emerging companies. Major companies operating in the market include:

Mohawk Industries, Inc.

Victoria PLCM

Shaw Industries

Milliken

These companies are focusing on strategic partnerships, product innovation, and expanding their global footprint to maintain a competitive edge.

Future Outlook

The carpet and rugs market is set to experience sustained growth, driven by technological advancements, a focus on sustainability, and evolving consumer preferences. Manufacturers that prioritize innovation and adapt to changing market dynamics are poised to capitalize on emerging opportunities in this vibrant industry.

Explore more about the carpet and rugs market: https://www.mordorintelligence.com/industry-reports/global-carpet-and-rugs-market?utm_source=prfree

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