Dublin, March 24, 2025 (GLOBE NEWSWIRE) -- The "Carpet Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033" report has been added to ResearchAndMarkets.com's offering.
The Carpet market is expected to reach US$ 114.43 billion by 2033 from US$ 70.86 billion in 2024, growing with a CAGR of 5.47% from 2025 to 2033. The carpet market share is being driven by a number of factors, including significant technological breakthroughs, growing environmental concerns, expanding real estate and building projects, and the rise of internet retail.
Innovations and Technological Developments in the Carpet Manufacturing Industry
Innovations and technological breakthroughs have emerged as key factors in the development of the demand for carpets worldwide. Carpet manufacturers are always looking for innovative ways to improve the carpets' quality, longevity, and visual appeal. According to an industry survey from India, carpet made up a sizable portion of their export revenue. India shipped USD 1.51 billion worth of carpets and rugs in fiscal year 2021-2022. The industry has been completely transformed by cutting-edge technology like digital printing, which allow for complex and adaptable designs that satisfy a wide range of customer preferences. Additionally, in response to the increased demand for environmentally conscious products, technological advancements have produced more eco-friendly and sustainable carpet materials.
Additionally, production has been streamlined by improved manufacturing techniques, which has reduced costs that can be transferred to customers. The carpet market is set to undergo additional change as technology develops, with creative strategies reshaping the market and affecting consumer preferences.
Sustainable Carpet Options and Environmental Factors
Concerns about the environment have become major factors in the expansion of the worldwide carpet business, which has increased demand for eco-friendly and sustainable products. Sustainable raw resources are used in the production of some carpets. These are often natural, renewable, biodegradable fibers that don't require fertilizers or pesticides to create. Great examples include coir, hemp, bamboo, corn leaves, jute, seagrass, and wool. Customers are looking for carpets that reflect their beliefs more and more as they become more conscious of the environmental effects of different businesses. This change has forced producers to embrace ecologically friendly production methods and create novel materials from recycled or renewable resources. Consumers' purchasing decisions are heavily influenced by sustainability-related certifications and standards, such as those that deal with chemical emissions and recyclability.
When there is a temperature differential between the air beneath the floor and the air inside, carpet can help reduce heating energy costs. The greatest benefit of a carpet is when it covers as much of the space as possible, ideally from wall to wall. Uninsulated flooring cause 10-20% of a room's heat loss. This is because the carpeted area has a direct correlation with the reduction in heat loss.
Economic Factors
Economic factors have a big impact on the growth of the global carpet market and profoundly shape its course. Consumers' decisions about carpet and other aspects of home decor are directly impacted by changes in their levels of disposable money. Customers are frequently more eager to spend money on beautiful and high-quality carpets that improve the atmosphere of their homes during times of economic expansion. On the other hand, consumer tastes may change toward more affordable solutions during economic downturns. There may be an increase in demand for reasonably priced or bargain carpets as people place a higher value on economy. Furthermore, other less developed countries - such as those in Latin America and Africa - are growing at a fair pace. Guyana, for instance, is predicted to be the world's fastest-growing economy for the fifth year in a row with a GDP growth rate of over 34%, according to projections.
Fluctuating Raw Material Prices
Since synthetic materials like nylon and natural fibers like wool are essential to the creation of carpets, fluctuations in the price of raw materials have a substantial effect on the carpet industry. Global demand, weather-related impacts on sheep production, and supply problems can all affect the price of wool. Since polyester and nylon are petroleum-based, the cost of synthetic fibers also varies according to the price of crude oil. It might be difficult for manufacturers to maintain constant pricing as a result of these price fluctuations since they can raise production expenses. In order to maintain competitiveness and manage profit margins in a turbulent market, companies may need to modify their pricing strategy, absorb increased expenses, or look for alternative materials.
Competition from Hard Flooring Alternatives
Hard flooring options like tiles, hardwood, and laminate are becoming more and more popular because of their longevity, ease of upkeep, and contemporary aesthetic appeal, posing a threat to the carpet business. Hard flooring is perfect for high-traffic areas and houses with dogs or small children since they are impervious to wear, spills, and stains. Furthermore, these materials require less upkeep than carpets, which require frequent vacuuming, washing, and thorough cleaning to keep looking nice. The carpet business faces a problem as a result of consumer tastes shifting toward long-lasting, low-maintenance flooring options. The sector must innovate to provide long-lasting, easily-cared-for products while retaining appeal in a market dominated by hard flooring options.
Carpet Market Overview by Regions
By countries, the global Carpet market is divided into United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, Australia, South Korea, Thailand, Malaysia, Indonesia, New Zealand, Brazil, Mexico, Argentina, South Africa, Saudi Arabia and UAE.
United States Carpet Market
Demand from homes, businesses, and institutions drives the carpet market in the United States, which makes up a sizeable portion of the larger flooring sector. Carpet demand is still high, especially in the residential sector, due to the increased emphasis on interior design and home restoration. Hard flooring alternatives like laminate, hardwood, and tiles are becoming more and more competitive, though. Carpets with qualities like stain resistance, durability, and environmental friendliness are becoming more and more sought after by consumers. Natural or recycled fiber-based sustainable products are becoming more and more popular. Offices, hotels, and retail are examples of commercial sectors that support market expansion by highlighting carpets that blend style and utility. Technological advancements in production also have an impact on the U.S. market, allowing for more complex and personalized designs to satisfy a wide range of consumer preferences.
Over 4 million homes are reportedly sold in the US each year, which has increased demand for carpets as a flooring option. Spending more than USD 500 billion a year on home modifications and renovations is another factor fueling industry expansion. Because they are comfortable and insulate warm heat, carpets are also popular in chilly climates like the Northeast and Midwest. An industry survey claims that the hospitality sector, which includes more than 110,000 hotels and motels nationwide, enhances atmosphere and hence boosts the demand for upscale carpets. The same is supported by the business sector, which mostly consists of offices, hotels, and retail stores.
United Kingdom Carpet Market
With a lengthy history of carpet production and use, the UK carpet sector is well-established. The demand is mostly driven by the residential market, where buyers are looking for a balance between practicality, style, and comfort. Although carpets are still widely used, hard flooring options like tiles and laminate, which are preferred for their longevity and ease of care, are becoming a bigger competitor in the market. As more people choose eco-friendly carpets made of natural or recycled materials, sustainability is a major trend. Custom colors, patterns, and textures are examples of design innovations that are important in drawing in customers. The UK carpet market is still a major participant in the larger flooring sector, despite competition from other flooring options.
China Carpet Market
China's carpet market has grown significantly due to the country's fast urbanization, rising disposable incomes, and growing desire for interior design. High-end, fashionable carpets are becoming more and more popular in both the residential and commercial sectors as the middle class grows. Although conventional wool and silk carpets are still in style, synthetic carpets are becoming more and more popular because of their durability and cost. With consumers expressing interest in recyclable and environmentally friendly products, sustainability is becoming more and more significant. The market is also heavily influenced by the commercial sector, which includes lodging facilities, workplaces, and retail establishments. Additionally, the growth of online shopping platforms is increasing market reach and consumer engagement throughout China by providing access to a greater variety of carpet products.
Saudi Arabia Carpet Market
Growing urbanization, increased disposable incomes, and a burgeoning real estate industry are driving the Saudi Arabian carpet market's robust demand in both the residential and commercial sectors. Particularly in upscale residences, hotels, and business spaces, carpets are prized for their visual appeal, comfort, and luxury. Although traditional handmade rugs with elaborate designs are still in style, synthetic carpets are becoming more and more popular because of their cost and durability. Many buyers prioritize luxury and look for rugs composed of premium materials like silk and wool. Sustainability is also becoming more significant, as evidenced by the rising demand for sustainable and eco-friendly carpet solutions. E-commerce platforms provide easy access to a wide range of products, which further aids in market expansion.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2024-2033 |
| Estimated Market Value (USD) in 2024 | $70.86 Billion |
| Forecasted Market Value (USD) by 2033 | $114.43 Billion |
| Compound Annual Growth Rate | 5.4% |
| Regions Covered | Global |
Key Topics Covered
1. Introduction
2. Research & Methodology
3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Carpet Market
6. Market Share Analysis
6.1 Product Type
6.2 Material
6.3 End Use
6.4 Country
7. Product Type
7.1 Woven
7.2 Knotted
7.3 Needle Felt
7.4 Tufted
8. Material
8.1 Nylon
8.2 Polypropylene
8.3 Polyester
8.4 Acrylic
8.5 Wool & its blends
8.6 Others
9. End Use
9.1 Residential
9.2 Commercial
9.3 Industrial
10. Country
10.1 North America
10.1.1 United States
10.1.2 Canada
10.2 Europe
10.2.1 France
10.2.2 Germany
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Belgium
10.2.7 Netherlands
10.2.8 Turkey
10.3 Asia Pacific
10.3.1 China
10.3.2 Japan
10.3.3 India
10.3.4 Australia
10.3.5 South Korea
10.3.6 Thailand
10.3.7 Malaysia
10.3.8 Indonesia
10.3.9 New Zealand
10.4 Latin America
10.4.1 Brazil
10.4.2 Mexico
10.4.3 Argentina
10.5 Middle East & Africa
10.5.1 South Africa
10.5.2 Saudi Arabia
10.5.3 UAE
11. Porter's Five Analysis
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Rivalry
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threat
13. Company Analysis
13.1 Armstrong Flooring Inc.
13.1.1 Overview
13.1.2 Key Persons
13.1.3 Recent Development & Strategies
13.1.4 Product Portfolio
13.1.5 Financial Insights
13.2 Balta Industries
13.3 Mohawk Industries Inc.
13.4 Tarkett
13.5 Victoria PLC
13.6 Mannington Mills Inc.
13.7 Dorsett Industries
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