Global Carpets and Rugs Strategic Business Report 2023: Rising Energy Costs and Pressing Need for Energy Efficiency Drives Demand

Dublin, April 14, 2023 (GLOBE NEWSWIRE) -- The "Carpets and Rugs: Global Strategic Business Report" report has been added to's offering.

The global market for Carpets and Rugs estimated at US$33.6 Billion in the year 2022, is projected to reach a revised size of US$45.3 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.

Tufted, one of the segments analyzed in the report, is projected to record a 4% CAGR and reach US$32.8 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Woven segment is readjusted to a revised 3.5% CAGR for the next 8-year period.

The U.S. Market is Estimated at $10.6 Billion, While China is Forecast to Grow at 5.2% CAGR

The Carpets and Rugs market in the U.S. is estimated at US$10.6 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.7 Billion by the year 2030 trailing a CAGR of 5.2% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 3.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.9 Billion by the year 2030.

Select Competitors (Total 776 Featured) -

  • Al Abdullatif Industrial Investment Company
  • Axminster Carpets Limited
  • Balta Group NV
  • Beaulieu International Group
  • Brintons Carpets Limited
  • Cormar Carpet Company
  • Engineered Floors LLC
  • Dream Weaver Carpet
  • J&J Flooring Group LLC
  • Heckmondwike FB
  • ICE International
  • Interface, Inc.
  • Mannington Mills, Inc.
  • Merida Meridian, Inc.
  • Milliken Floor Coverings
  • Mohawk Industries, Inc.
  • Oriental Weavers Group
  • Saif Carpets Pvt. Ltd.
  • Scott Group Studio
  • Shaw Industries Group, Inc.
  • Anderson Tuftex
  • Societe Ateliers Pinton SARL
  • Suminoe Textile Co., Ltd.
  • Tai Ping Carpets International Ltd.
  • Tarkett S. A.
  • DESSO Holding BV
  • Tandus Centiva Inc.
  • The Dixie Group, Inc.
  • Atlas Carpet Mills
  • Victoria PLC
  • Thomas Witter Carpets
  • Victoria Carpets Pty. Ltd.
  • Hugh Mackay Carpets

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Key Attributes:

Report AttributeDetails
No. of Pages427
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$33.6 Billion
Forecasted Market Value (USD) by 2030$45.3 Billion
Compound Annual Growth Rate3.8%
Regions CoveredGlobal

Key Topics Covered:




  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Retail and Production Site Closures, and Drop in Construction Activity Impacts Demand for Carpets and Rugs
  • Global Construction Spending (in US$ Trillion) for the Years 2019, 2020 & 2021
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Carpets and Rugs - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Carpets: The Age-Old Visually Appealing and Long-Lasting Floor Covering Option
  • Historical Perspective
  • Carpets & Rugs: Definitions
  • Types of Carpets
  • Classification by Production Weave
  • Outlook
  • Asian Markets to Turbocharge Growth
  • Global Carpet Production Landscape
  • Global Carpet Volume Production Share (in %) by Country : 2019
  • Hand-Woven Carpets Dominate Production in Asia and the Middle East
  • Machine Made Carpets: A Threat to Hand Made Ones?
  • Floor Covering Market: A Review
  • Global Flooring Market Distribution by Type (in %) Across Major Regional Markets: 2019
  • Leading Players
  • Recent Market Activity
  • World Brands



  • Key Carpet Trends for 2021
  • Advent of Innovative Technologies Drive Market Growth
  • Carpet Manufacturers Continue to Offer the Best Performance Attributes in their Products
  • Carpets Designed for Cleaner Environment
  • Innovations Continue to Drive Growth
  • Self-Cleaning Carpets
  • Airo Carpets: Fully Recyclable Carpets
  • Stain Resistant Carpets
  • Pet Friendly and Waterproof Carpets
  • Select New Innovative Models
  • Carpets with 2D Surfaces based on Optical Illusions: A Noticeable Trend
  • Nanotechnology Based Molecular Carpet Weaving: A Promising Development
  • Growing Sales of Higher End Carpets in the Residential Segment Benefit Market Expansion
  • Premium Luxury Rugs Garner Interest
  • Recent Decor Trends and Benefits Offered by Area Rugs for Different Rooms Spur Demand
  • Steady Penetration of Custom Area-Rugs to Benefit Sales
  • Carpet Runners & Area Rugs
  • Digitization of the Marketplace Improve Connectivity with the Consumers
  • Area Rug Suppliers & Retailers Focus on both Physical and Digital Presence
  • Online Sales Channel Gains Share
  • Focus on Environmentally Safe and Sustainable Carpets Boost Demand
  • Carpet Recycling Gains Significant Attention
  • Rise in Demand from the Commercial Sector Drive Healthy Growth
  • Rising Energy Costs and Pressing Need for Energy Efficiency Drive Demand for Carpets
  • Ease and Speed of Installation along with Other Benefits Drive Consumer Interest in Carpet Tiles
  • Drop in Hospitality Industry Hits Demand for Carpets and Rugs
  • Hotel Occupancy Rates in Select Countries: March 2020
  • Carpet Fiber Trends
  • Global Market for Carpet Fiber by Type: 2010 & 2022
  • Polyester Fibers Experience an Upward Momentum
  • Soft Handed Fibers Witness Growing Demand
  • CAD Systems Improve Carpet Design and Production Efficiencies
  • Carpets Find Increasing Use in Transport Sector
  • Favorable Demographic Trends and Macro Drivers Strengthen Market Prospects
  • Retailers Change Strategies to Adapt to Millennials
  • Global Millennials Population Spread by Region: 2019
  • Expanding Global Population
  • World Population (in Thousands) by Geographic Region for the Years 2018, 2025, 2040, 2050
  • Burgeoning Middle Class Population
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
  • Exponential Increase in Urbanization
  • World Urban Population in Thousands: 1950-2050P
  • Rising Standards of Living




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Global Market for Carpets and Rugs

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