Carpet and Rug Market To Reach $130.2 Billion by 2033

The report “Carpet and Rug Market By Product Type (Knotted Pile, Needle Punched, Woven, Tufted, Others), By Application (Residential, Commercial)” is expected to reach USD 130.2 billion by 2033, registering a CAGR of 6.80% from 2026 to 2033, according to a new report by Transpire Insight.

There has been a rise in the use of technologically advanced products because of the convenience of use, theme designs, and customizations. With the invention of home-cleaning robots, carpets have started seeing a transition too. In the current era of voice control commands, smart carpets have been introduced for automatic rolling features. With a simple command, carpets unroll and place themselves on the floor. Another very unique feature introduced in carpets is the use of the heating system within the carpet itself. During winters, the floor may be cold. Carpets, besides their main use of offering comfort, provide warmth at your feet. The heating technology used within the carpet increases the carpet’s heat and the floor’s warmth as well. Thus, new innovative products have been emphasized upon, along with growing demand and enhancing the growth of the marketplace. For Instance, in September 2024, carpet tiles were introduced by DeSoto Floor Covering Interiors. The products introduced feature sensors. Smart carpets, besides being aesthetically pleasing and offering comfort, enhance the functionality of smart homes.

The Tufted segment is projected to witness the highest CAGR in the Carpet and Rug Market during the forecast period.

The tufted segment had a prominent market share in the global carpets and rugs market in 2024 due to easy access to various designs of carpets, short production time, durability, and low cost. The preference of the consumer keeps on changing dynamically in the market, and people tend towards affordable and easy-to-clean carpets. The tufted type of carpets is treated with stain-resisting chemical substances to enhance the lifespan of the carpet fibers of these carpets. These carpets will be ideal if installed in rooms that contain heavy furniture and receive heavy traffic.

The Residential segment is projected to witness the highest CAGR in the Carpet and Rug Market during the forecast period.

The residential type had a large market share due to the increasing trend of carpeting in homes, which helps in improving home decor by incorporating unique patterns and colors on it. The increasing demand for home renovations, like removing out-of-style or old carpets and rugs, is fueling the development of this market. The rising use of carpets in homes in order to avoid accidents and serve as a play area for kids is stimulating this market.

The North America region is projected to witness the highest CAGR in the Carpet and Rug Market during the forecast period.

The expanding housing and construction activities, especially in the US, are contributing to the growth of the market in this region. Moreover, the increasing demand for new homes and the trend of home decorations is also contributing to the growing demand for the product in the forthcoming years.

The companies operating in the market are trying to introduce new items to fulfill the growing demand from consumers for new and sustainable articles. For example, in October 2022, the United States-based home décor goods manufacturing company, Crate & Barrel, introduced its new handmade rug collection with 90 new designs that combine soft colorways, various sizes, and sustainable materials like high-quality viscose.

Key Players

The top 15 players in the Positron Emission Tomography Market include Tai Ping Carpets International Ltd., Mohawk Industries Inc., Lowe's Companies Inc., Tarkett Group, Victoria Carpets Ltd., Shaw Industries Group Inc., Inter Ikea Systems B.V., Genie Carpet Manufacturers, Beaulieu International Group, Royalty Carpet Mills Inc., Oriental Weavers Company.

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