Global Carpet Market Size, Trends, Share and Forecast 2025-2033

Carpet Market Size 2025-2033:

• The global carpet market size reached USD 65.0 Billion in 2024.
• The market is expected to reach USD 87.3 Billion by 2033, exhibiting a growth rate (CAGR) of 3.3% during 2025-2033.
• Nylon leads the market, accounting for most of the market share owing to its exceptional durability and versatility in various applications.
• Economy represents the largest segment due to increasing demand for cost-effective flooring solutions among budget-conscious consumers.
• Specialty stores represent the leading sales channel spurred by their extensive product knowledge and personalized customer service offerings.
• Residential holds the largest share in the carpet industry, driven by the growing trend of home renovations and aesthetic enhancements.
• North America leads the market with its robust real estate sector and high consumer spending on home décor.
• The rising disposable incomes among middle-class consumers enable them to invest in high-quality flooring options, further boosting market expansion.
• Furthermore, the increasing popularity of smart homes is pushing demand for carpets integrated with smart technology, enhancing their functionality and appeal.

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Industry Trends and Drivers:

Evolving consumer preferences:

Consumer preferences are reshaping the carpet market. Today's buyers want more than functionality; they seek design. There's a rising demand for varied styles, patterns, and textures. Carpets are now seen as vital to home décor. The trend of personalizing homes pushes buyers to choose carpets that match their tastes. Meanwhile, e-commerce has expanded access to global carpet options, boosting demand. Social media and design trends also influence choices, making trendy carpets more sought after.

Advancements in technology and materials:

New technologies have greatly improved carpet making. They enhance quality and performance. Techniques like digital printing allow for detailed designs and quicker production. This meets the growing demand for personalized carpets. Moreover, new materials such as nylon and polyester have made carpets more durable, stain-resistant, and easier to clean. Additionally, carpet tiles have become popular. Their versatility and simple installation appeal to both home and business users. These advancements attract consumers seeking high-quality carpets. They also help manufacturers cut costs.

Impact of sustainable practices:

Sustainability is reshaping the carpet market. More people are aware of environmental issues and are seeking eco-friendly options. In response, manufacturers are now making carpets from recycled materials and natural fibers like wool and jute. They're also adopting practices that cut energy use and manage waste. This approach is key to attracting environmentally conscious buyers. Certifications like LEED are important too. Consumers prefer products that support sustainable building. This shift boosts brand image and opens access to the growing market for green products.

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Carpet Market Report Segmentation:

Breakup By Material:

• Nylon
• Olefin
• Polyester
• Others

Nylon account for the majority of shares owing to their durability and resistance to wear.

Breakup By Price Point:

• Economy
• Luxury

Economy dominates the market as consumers prioritize affordability in their purchasing decisions.

Breakup By Sales Channel:

• Supermarkets and Hypermarkets
• Specialty Stores
• Online Stores

Specialty stores represents the majority of shares as they offer a wider selection of high-quality and tailored carpet solutions.

Breakup By End User:

• Residential
• Commercial

The residential sector holds the majority of shares due to their focus of homeowners on improving comfort and aesthetics.

Breakup By Region:

North America holds the leading position owing to a large market for carpet driven by its well-established construction industry, high standard of living, and frequent home remodeling activities.

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Top Carpet Market Leaders:

The carpet market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies.

Some of the key players in the market are:

• Armstrong Flooring Inc.
• Balta Industries nv.
• Beaulieu International Group
• Brumark
• Dorsett Industries
• Interface Inc.
• Mannington Mills Inc.
• Milliken & Company
• Mohawk Industries Inc.
• Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
• Tarkett
• Victoria PLC.

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This release was published on openPR.