Global Flooring Carpets Market Overview
Flooring Carpets Market Size was estimated at 27.03 (USD Billion) in 2022. The flooring carpets industry is expected to grow from 28.31(USD Billion) in 2023 to 43.08 (USD Billion) by 2032. The Flooring Carpets Market CAGR (growth rate) is expected to be around 4.77% during the forecast period (2024 - 2032).
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Key Flooring Carpets Market Trends Highlighted
The flooring carpets market witnesses a growing incorporation of sustainable and eco-friendly materials in carpet manufacturing, responding to heightened environmental consciousness among consumers. This shift towards sustainable practices aligns with the increasing popularity of bio-based and recycled materials. Further, advancements in carpet manufacturing technologies have led to the development of carpets with enhanced stain resistance, durability and ease of maintenance. These innovations offer significant value to consumers, particularly in high-traffic areas. Key market drivers include rising disposable incomes, increasing investment in residential and commercial sectors and a growing preference for comfortable and aesthetically pleasing flooring solutions. Opportunities for growth lie in the expansion of emerging markets, customization trends and innovative product offerings. Recent trends indicate a growing demand for modular carpets due to their flexibility and ease of replacement. Additionally, smart carpets, that can integrate with home automation systems and provide advanced functionality, such as temperature regulation and air purification are gaining traction.
Flooring Carpets Market Drivers
Increasing Demand for Carpets in Residential and Commercial Sectors
One of the major growth drivers in the flooring carpets market is the increased demand for carpets in both the residential and commercial sectors. As a material, carpets offer a wide range of benefits, such as comfort, warmth and sound insulation capabilities. Therefore, they are widely demanded for both domestic and enterprise use. In the former case, where the use of open-concept floor plans is becoming more popular, demand for carpets is on the rise due to the necessity of clearly defining the different areas of a room and thus making it more comfortable and pleasant to live in.
In the commercial sectors, carpeting is finding increased use in offices, hotels and other spaces due to the need to create a more relaxed environment for visitors and incentivize business activity at the same time.
Rising Consumer Disposable Income and Changing Lifestyle
Another main driver of the Flooring Carpets Market Industry is the rising consumer disposable income and changing lifestyle. As consumers become more affluent, they are spending more money on home renovation and decoration, which will enhance the carpet market's growth. Furthermore, the growing demand for carpets from consumers who are choosing to lead a more comfortable and luxurious life is also causing the carpet market to expand.
Technological Advancements and Product Innovations
Flooring Carpets Market Industry 2026 Technological advances and innovations are also playing a major role in the growth of the Flooring Carpets Market Industry. Various materials and technologies are producing more durable carpets that are resistant to stains and easy to clean. In addition to production, innovation in the product also boosts the market. The development of East to Install Carpet has reduced the installation cost and time.
The installation of the product has become easy and quick. Manufacturers are also investing in carpets with heating and cooling systems. Their added features make them essential and attractive to customers. Overall, the market for carpets is projected to grow in the next few years as a result of the above-mentioned factors.
Flooring Carpets Market Segment Insights
Flooring Carpets Market Material Insights
The Flooring Carpets Market is segmented on the basis of material into Nylon, Polyester, Polypropylene, Wool, and Natural Fiber, among others. By material, the nylon segment is expected to account for the largest revenue share of the market in 2024. Nylon carpets are durable, resistant to stains, and easy to clean. Overall, this material offers good performance, which is the main factor attributing to its high demand. Carpets made of nylon are also well-suited to such areas as offices, hotels, and airport lounges. In turn, natural fiber carpets, which can be produced from such materials as wool, jute, and sisal, are becoming increasingly popular because these products are eco-friendly and sustainable.In particular, wool carpets are luxurious, soft, and flame-retardant by nature. At the same time, carpets made from materials like jute and sisal are resistant to dirt and water. In the meantime, the polypropylene segment of the market is also forecast to experience significant growth due to the characteristics of the material. This artificial fiber is affordable and practical because it is not only resilient but does not let water through, and it doesn't fade in the sun. In general, it may be concluded that the Flooring Carpets Market is expected to grow substantially due to the booming construction industry, increasing purchasing power of people, and greater demand for a beautiful and comfortable living and working environment.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Flooring Carpets Market Construction Insights
The Construction segment held a substantial share of the Flooring Carpets Market in 2023, and it is projected to continue its dominance throughout the forecast period. The rising demand for flooring carpets in commercial and residential construction projects is a key factor driving the growth of this segment. Tufted carpets accounted for the largest share of the Construction segment in 2023, owing to their versatility, durability, and affordability. Woven carpets are also gaining popularity in the construction sector due to their luxurious appearance and ability to withstand heavy foot traffic.Needle-punched carpets offer excellent acoustic properties and are often used in offices, schools, and healthcare facilities. Flocked carpets provide a soft and comfortable surface, making them ideal for residential applications. Laminated carpets combine the durability of synthetic fibers with the aesthetic appeal of natural materials, making them a popular choice for both commercial and residential projects. The Flooring Carpets Market in the Construction segment is expected to witness significant growth in the coming years, driven by increasing construction activities worldwide.
Flooring Carpets Market Pile Height Insights
Pile Height Segment Insight and Overview The flooring carpets market segmentation by pile height encompasses several sub-segments, including low pile, medium pile, high pile, loop pile, and cut pile. Each segment exhibits unique characteristics and caters to specific consumer preferences and functional requirements. In 2023, the low pile segment held a significant market share due to its durability, ease of maintenance, and affordability. Medium pile carpets offer a balance of comfort and durability, making them popular in residential and commercial settings.High-pile carpets exude luxury and provide exceptional comfort but require more frequent maintenance. Loop pile carpets feature tightly woven loops, resulting in a durable and stain-resistant surface, while cut pile carpets offer a softer and more pleasant feel. The market for flooring carpets is projected to grow steadily, with the pile height segment expected to contribute significantly to this growth. Factors driving market expansion include rising disposable income, increasing urbanization, and growing demand for comfortable and aesthetically pleasing flooring solutions.
Flooring Carpets Market Application Insights
The flooring carpets market is segmented by application into residential, commercial, institutional, hospitality, and automotive. The commercial segment held the largest market share in 2023 and is expected to continue to dominate the market throughout the forecast period. The growth of the commercial segment can be attributed to the increasing demand for flooring carpets in offices, retail stores, and other commercial buildings. The residential segment is also expected to witness significant growth during the forecast period. The increasing demand for flooring carpets in homes and apartments is driving the growth of this segment.The institutional segment is expected to grow at a steady pace during the forecast period. The growing demand for flooring carpets in schools, hospitals, and other institutional buildings is driving the growth of this segment. The hospitality segment is also expected to witness significant growth during the forecast period. The increasing demand for flooring carpets in hotels, restaurants, and other hospitality businesses is driving the growth of this segment. The automotive segment is expected to grow at a moderate pace during the forecast period. The growing demand for flooring carpets in cars and other vehicles is driving the growth of this segment.
Flooring Carpets Market Sustainability Insights
The Sustainability segment of the Flooring Carpets Market is projected to exhibit significant growth in the coming years, driven by rising consumer awareness regarding environmental sustainability and increasing regulatory emphasis on reducing carbon footprint. Recycled Content, Biodegradable, Low-VOC, Green Label Plus Certified, and Health Product Declaration (HPD) Compliant are key trends shaping this segment, with Recycled Content Carpets alone accounting for USD 22.09 Billion in 2023 and anticipated to reach USD 34.78 Billion by 2032, registering a CAGR of 4.95%.Biodegradable carpets are also gaining traction, fueled by growing demand for eco-friendly flooring solutions, while low-VOC carpets are increasingly preferred in healthcare and educational institutions due to their reduced emission levels, which contribute to improved indoor air quality. Green Label Plus Certified Carpets and Health Product Declaration (HPD) Compliant Carpets are gaining prominence as consumers seek assurance of product safety and sustainability, further driving the growth of the Sustainability segment within the Flooring Carpets Market.
Flooring Carpets Market Regional Insights
The regional segmentation of the Flooring Carpets Market presents diverse market dynamics and growth prospects. North America is anticipated to maintain its dominance, accounting for a significant share of the market in 2023 and beyond. The region's robust construction industry, coupled with high consumer spending on home décor and renovations, drives growth in this market. Europe follows closely behind, with strong demand from countries such as Germany, France, and the United Kingdom. The rising popularity of sustainable and eco-friendly flooring solutions is particularly evident in this region.APAC is projected to witness the fastest growth over the forecast period, fueled by rapid urbanization, increasing disposable income, and growing awareness of home aesthetics in emerging economies like China and India. South America and MEA regions are also expected to experience steady growth, driven by expanding construction activities and the growing adoption of modern flooring solutions. The Flooring Carpets Market segmentation provides valuable insights for businesses looking to target specific regional markets and tailor their strategies accordingly.
Source Primary Research, Secondary Research, MRFR Database and Analyst Review
Flooring Carpets Market Key Players and Competitive Insights
Major players in the flooring carpets market industry are in search of expanding themselves on the level for innovative products. Leading players in the carpet market are investing huge amounts of money to develop products to match the requirements of consumers. These companies are also investing in distributors to capture the high market share of the different markets of the new countries. The competition in the flooring carpets market is increasing day by day, and companies need to develop some competitive strategies to remain in the market. Some of the competitive strategies implemented by the flooring carpets market industry include product differentiation, cost leadership, and differentiation in the market.
One of the upcoming players in the market is Mohawk Industries, Inc., which provides various innovative products to customers. The range of products the company offers in the market includes carpets, rugs, laminate, and hardwood. Mohawk Industries, Inc. operates in more than 170 countries, and its products are quite well known around the world. The company has a strong research and development team, which invests a large amount of money in the development of the new range of products. Mohawk Industries, Inc. also has a strong marketing and sales team, which helps the company maintain a huge amount of market share.
Another major player in the market is Interface, Inc., which is known for its sustainable flooring products. Interface, Inc. offers a huge number of carpet tiles and other products that are used for customers' flooring. The company's products are made from recycled materials, and it has a strong commitment to sustainability. The win of Interface, Inc. in the Nordic price for the Business in the Community is one of the critical pieces of evidence in the above-written statement. Interface, Inc. operates in 110 countries of the world, and the company has a strong research and development team that invests a huge amount of money in the development of new products. Interface, Inc. also has a strong marketing and sales team, which helps the company keep a huge market share.
Key Companies in the Flooring Carpets Market Include
- Forbo International SA
- Gerflor Group
- Shaw Industries Group, Inc.
- Mannington Mills, Inc.
- The Dixie Group, Inc.
- Tarkett S.A.
- Oriental Weavers Group
- Beaulieu International Group
- Mohawk Industries, Inc.
- Congoleum Corporation
- Milliken Company
- Bentley Mills, Inc.
- Interface, Inc.
Flooring Carpets Market Industry Developments
The Flooring Carpets Market is projected to reach a value of USD 43.08 billion by 2032, exhibiting a CAGR of 4.77% during the forecast period (2024-2032). The market growth is attributed to increasing urbanization, rising disposable income, and growing demand for comfortable and stylish flooring solutions. Technological advancements, such as the development of eco-friendly and sustainable carpets, are also driving market expansion. Recent news highlights include the launch of new carpet collections with antimicrobial properties, the growing adoption of modular carpet tiles for commercial applications, and strategic partnerships between carpet manufacturers and design firms to cater to evolving consumer preferences.
Flooring Carpets Market Segmentation Insights
- Flooring Carpets Market Material Outlook
- Nylon
- Polyester
- Polypropylene
- Wool
- Natural Fibers
- Flooring Carpets Market Construction Outlook
- Tufted
- Woven
- Needle punched
- Flocked
- Laminated
- Flooring Carpets Market Pile Height Outlook
- Low Pile
- Medium Pile
- High Pile
- Loop Pile
- Cut Pile
- Flooring Carpets Market Application Outlook
- Residential
- Commercial
- Institutional
- Hospitality
- Automotive
- Flooring Carpets Market Sustainability Outlook
- Recycled Content
- Biodegradable
- Low-VOC
- Green Label Plus Certified
- Health Product Declaration (HPD) Compliant
- Flooring Carpets Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
27.03(USD Billion) |
| Market Size 2023 |
28.31(USD Billion) |
| Market Size 2032 |
43.08(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
4.77% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Forbo International SA, Gerflor Group, Shaw Industries Group, Inc., Mannington Mills, Inc., The Dixie Group, Inc., Tarkett S.A., Oriental Weavers Group, Beaulieu International Group, Mohawk Industries, Inc., Congoleum Corporation, Milliken Company, Bentley Mills, Inc., Interface, Inc. |
| Segments Covered |
Material, Construction, Pile Height, Application, Sustainability, Regional |
| Key Market Opportunities |
1 Increased demand for sustainable flooring solutions2 Growing popularity of carpet tiles3 Rise in residential construction and renovations4 Technological advancements5 Expansion in emerging markets |
| Key Market Dynamics |
Growing demand for sustainable flooring options Technological advancements in carpet manufacturing Increasing preference for luxury and premium carpets Focus on health and well-being in interior design. Rise in eCommerce for carpet purchases. |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The flooring carpets market size was valued at USD 28.31 billion in 2023 and is projected to grow at a CAGR of 4.77% to reach USD 43.08 billion by 2032.
The key regions in the flooring carpets market are North America, Europe, Asia-Pacific, and the Rest of the World. North America is the largest region, accounting for over 30% of the market share.
Flooring carpets are primarily used in residential and commercial buildings. In residential buildings, they are used in living rooms, bedrooms, and hallways. In commercial buildings, they are used in offices, hotels, and retail stores.
Some of the key competitors in the flooring carpets market include Mohawk Industries, Shaw Industries, Beaulieu International Group, and Interface.
Some of the key trends in the flooring carpets market include the increasing demand for sustainable and eco-friendly flooring solutions, the growing popularity of luxury flooring carpets, and the increasing adoption of smart flooring technologies.
Some of the challenges in the flooring carpets market include the rising cost of raw materials, the intense competition from other flooring materials, and the fluctuating economic conditions.
The flooring carpets market is expected to grow at a CAGR of 4.77% from 2023 to 2032. This growth is attributed to the increasing demand for flooring carpets in both residential and commercial buildings, as well as the growing popularity of luxury flooring carpets.
Some of the key opportunities in the flooring carpets market include the growing demand for sustainable and eco-friendly flooring solutions, the increasing popularity of luxury flooring carpets, and the increasing adoption of smart flooring technologies.
Some of the key drivers of the flooring carpets market include the increasing demand for flooring carpets in both residential and commercial buildings, the growing popularity of luxury flooring carpets, and the increasing adoption of smart flooring technologies.
Some of the key restraints of the flooring carpets market include the rising cost of raw materials, the intense competition from other flooring materials, and the fluctuating economic conditions.
