Carpet and Rugs Market, By Material (Nylon, Polyester, Polypropylene, and Others), By Type (Tufted, Woven, Needle-Punched, Knotted, and Others), By End-user (Residential, Non-Residential, and Automotive & Transportation), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029

Carpet And Rugs Market Accounted For USD 79.1 Billion In 2020 And Is Estimated To Be  USD 116.8 Billion By 2029 And Is Anticipated To Register A CAGR Of 4.4%. 

Carpets and rugs are mainly used for home or office decoration due to their artistic and functional properties. In addition, they are used as covering floors to provide a protective layer to floors. In cold climate regions, people mostly prefer rugs and carpets to prevent floor from not getting too cold. In developed economies, the demand for carpets and rugs is higher. The main application of the carpets and rugs is in commercial, industries, and residential.

Growth in demand for eco-friendly carpets

Increased adoption of carpet tiles, growth in the demand for environment friendly carpets, and rising demand for contemporary area rugs, are likely to drive the global carpets and rugs market over the forecast period. Growing popularity of interior decoration between the consumers along with augmented interest of homeowners in comfortable houses and beautiful interiors has further boosted demand for carpets and rugs. Additionally, growing demand for biodegradable and natural products like jute is projected to propel the market in the coming years. Plush carpeting in the living rooms and bedrooms of houses together with physically comfortable environment is anticipated to support growth of the target market to a certain extent.

Adopting Different strategies

Key players are focusing for the sales of plush carpets through attractive branding and effective marketing strategies. Moreover, the global carpets and rugs market are projected to gain significant growth due to reasonable price, hassle-free installation, and attractive aesthetics.

However, the high cost of raw materials is a major challenge that may hamper the growth of the target market over the forecast period.

The global carpet and rugs market is segmented based on material, type, end-user, and region.

On the basis of material, the global carpet and rugs market is segmented into nylon, polyester, polypropylene, and others. On the basis of type, the target market is tufted, woven, needle-punched, knotted, and others. On the basis of end-user, the target market is classified into residential, non-residential, and automotive & transportation.

Regional Insights:

On region the global carpet and rugs market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America forecast dominating regions in the global carpets and rugs market and is projected to maintain with the same in the coming years. The fast expansion of the housing and construction activities across the region, mostly in the US is one of the key factors nurturing growth of the carpets and rugs market over the forecast period.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest End-user trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the global carpet and rugs market report based on material, type, end-user, and region.

Global Carpet and Rugs Market, By Material:

• Nylon
• Polyester
• Polypropylene
• Others

 Global Carpet and Rugs Market, By Type:

• Tufted
• Woven
• Needle-Punched
• Knotted
• Others

Global Carpet and Rugs Market, By End-user:

• Residential
• Non-Residential
• Automotive & Transportation

 Global Carpet and Rugs Market, By Region:

• North America
  • Middle East & Africa
    • • GCC
      • Israel
      • South Africa
      • Rest of Middle East & Africa
  • Latin America
    • • Brazil
      • Mexico
      • Rest of Latin America
  • Asia Pacific
    • • China
      • India
      • Japan
      • South Korea
      • Rest of Asia Pacific
  • Europe
    • • Germany
      • UK
      • France
      • Russia
      • Italy
      • Rest of Europe
  • • U.S.
    • Canada

The key players operating the global carpet and rugs market includes Mohawk Industries, Inc., Victoria Plc, Dixie Group Incorporation, Tarkett S.A., Home Depot Inc., Ikea Group, Tai Ping Carpets International Limited, Milliken & Company, Interface Inc., and Oriental Weavers. Key players are focusing for the sales of plush carpets through attractive branding and effective marketing strategies coupled with acquisitions. For instance, In July 2018, US-based Mohawk Industries, Inc. has signed an acquisition of Godfrey Hirst Group. It is a protruding flooring company in New Zealand and Australia. Godfrey Hirst is one of the leading vertically integrated flooring operation in New Zealand and Australia. It offers modular carpet, hard surface, and broadloom products for both residential and commercial applications. The acquisition is mainly to strengthen the dominating position of Mohawk Industries across the globe.

• Mohawk Industries, Inc.
• Victoria Plc
• Dixie Group Incorporation
• Tarkett S.A.
• Home Depot Inc.
• Ikea Group
• Tai Ping Carpets International Limited
• Milliken & Company
• Interface Inc.
• Oriental Weavers