Rugs and Carpets Market Report 2025 (Global Edition)

Global Rugs and Carpets Market Report 2025 Market Size Split by Type (Woven, Tufted, Knotted, Needle-punched, Others), by Material (Nylon, Polyester, Polypropylene, Cotton, Wool, Silk, Jute, Others),...

Rugs and Carpets Market Report Description

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How 2025 Tariffs Are Reshaping the Consumer Goods Industry

In 2025, the global trade landscape has shifted dramatically following the U.S. introduction of sweeping tariffs under President Donald Trump’s administration. These "Liberation Day Tariffs," launched in April, aim to reduce trade deficits and boost domestic manufacturing. Tariffs range from 10% on imports from countries like the UK and Australia to 46% on Vietnamese goods, with a blanket 34% tariff on many Chinese imports and 25% on all steel, aluminum, and auto parts. This policy heavily impacts the consumer goods sector apparel, appliances, packaged foods, and personal care products due to their deep reliance on global supply chains, especially in Asia. U.S.–China trade tensions have intensified, with reciprocal tariffs reaching up to 145% on U.S. goods and 125% on Chinese exports, while China’s trade surplus with the U.S. hit USD 102.6 billion in March 2025. In response, the EU and Canada have implemented retaliatory measures, signaling a broader shift toward protectionism.

The consumer goods industry is feeling immediate effects: production costs are rising, sourcing is delayed, and inflation pressures are mounting. Apparel and footwear now face 25% tariffs, prompting brands to seek nearshoring options or raise prices. Household appliances incur 20% tariffs, complicating inventory and procurement strategies. Packaged foods and beverages are hit with 10–15% tariffs, impacting contracts and leading to supplier diversification and product reformulation. Personal care firms face higher costs for imported ingredients and packaging, leading to local sourcing efforts and delays in new product launches. Meanwhile, electronics, though temporarily exempt, are preparing for possible disruptions by diversifying suppliers and increasing inventories.

China remains the backbone of U.S. consumer goods sourcing, accounting for a large portion of imports either directly or through upstream components. This makes tariffs on Chinese goods especially disruptive. The rising input costs 15–30% in many categories combined with seasonal pressures and tight timelines, are causing delays and increased costs. Smaller brands, in particular, are struggling due to limited capital and reduced supplier leverage. Many are being forced to increase prices, cut product variety, or compromise on quality.

Market research is now critical to navigating this volatile environment. It supports supplier mapping and risk assessment, helping brands identify alternative sourcing countries with stable regulations and quality control. It also aids in cost and margin analysis, guiding decisions on pricing and sourcing changes. Optimization of product design and materials through research allows companies to reduce costs while maintaining consumer expectations. Additionally, research helps assess consumer price sensitivity, enabling strategic repositioning. Tracking regulatory changes and running scenario planning models allow firms to anticipate and adapt to future trade shifts.

To cope, companies are restructuring their global sourcing models. Major brands like Nike and IKEA are expanding operations in Vietnam, India, and Mexico, while embracing “in-market for market” strategies to reduce exposure to tariffs and logistics risks. Many are adopting AI-driven demand forecasting and automated procurement, and pushing suppliers for transparency. Product redesign and SKU rationalization are also common. The most successful firms are those using data-driven insights, operational flexibility, and strategic supplier partnerships to adapt not just survive in this new era of global trade.

Rugs and Carpets Market Insights Video

Competitive Landscape of the Rugs and carpets Market

The rugs and carpets market is highly competitive, characterized by a diverse range of players including large multinational corporations and regional manufacturers. Key competitors vie for market share through product innovation, quality, design variety, and pricing strategies. Companies also differentiate themselves with unique materials, sustainable practices, and effective marketing approaches to attract and retain customers in a dynamic market environment.

For instance, In April 2024, Mohawk Industries opened new offices in Lucerne to house its procurement center of excellence. This new office will enhance the company's existing supply chain capabilities by utilizing the organization's scale to negotiate contracts with key suppliers across various business units. The Lucerne team will work alongside Mohawk's procurement groups to refine purchasing strategies, focusing on cost reduction and improving supply chain efficiency. (Source: https://mohawkind.com/_pdf/Lucerne_Procurement_COE_Press_Release.pdf)

Top Companies Market Share in Rugs and Carpets Industry: (In no particular order of Rank)

• Shaw Industries Group Inc.
• Ikea Group
• Mohawk Industries Inc.
• Beaulieu International Group
• Dixie Group Inc.
• Oriental Weavers Carpets Co.
• Victoria PLC
• Tai Ping Carpets International Limited
• Genie Carpet Manufacturers
• Tarkett S.A
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Rugs and carpets Market

Which Region Dominates the Rugs and carpets Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 due to high consumer spending power and a strong emphasis on home décor. The region's robust real estate sector and ongoing home renovation trends drive demand for premium and diverse carpet options. Additionally, North America's established retail networks and high disposable incomes further fuel the market's growth.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Rugs and carpets market driven by rapid urbanization and rising middle-class incomes. Increased construction activities and a growing focus on home aesthetics in emerging economies boost demand for floor coverings. The region's expanding consumer base, coupled with a rising interest in interior design, propels market growth and innovation.

The current report Scope analyzes Rugs and Carpets Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Rugs and Carpets Market Analysis

According to Cognitive Market Research, the global Rugs and carpets market size was estimated at USD 51264.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 20505.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.

• According to Cognitive Market Research, The US rugs and carpets market had a market share of USD 16,178.98 million in 2024 and is projected to grow at a CAGR of 3.5% during the forecast period. The US market will benefit from increasing home renovation trends and rising consumer spending on luxury home furnishings and comfort.
• The Canadian rugs and carpets market had a market share of USD 2,460.68 million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. Canada's growing real estate sector and focus on high-quality, durable flooring solutions are driving increased demand for rugs and carpets. The Mexican rugs and carpets market had a market share of USD 1,866.02 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period.

Asia Pacific Rugs and Carpets Market Analysis

According to Cognitive Market Research, the global Rugs and carpets market size was estimated at USD 51264.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 11790.77 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.5% from 2024 to 2031.

• According to Cognitive Market Research, Chinese rugs and carpets market had a market share of USD 5,305.84 million in 2024 and is projected to grow at a CAGR of 7.0% during the forecast period. China's rapid urbanization and rising middle-class affluence are leading to higher investments in home decor and luxury flooring options.
• The Japanese rugs and carpets market had a market share of USD 1,627.13 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. The Indian rugs and carpets market had a market share of USD 1,414.89 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. India's growing population and increasing disposable income are driving demand for affordable and stylish rugs as home aesthetics gain importance. The South Korean rugs and carpets market had a market share of USD 1,179.08 million in 2024 and is projected to grow at a CAGR of 6.6% during the forecast period. The Australian rugs and carpets market had a market share of USD 613.12 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. The South East Asia rugs and carpets market had a market share of USD 813.56 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The Rest of Asia Pacific rugs and carpets market had a market share of USD 837.14 million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period.

South America Rugs and Carpets Market Analysis

According to Cognitive Market Research, the global Rugs and carpets market size was estimated at USD 51264.2 Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD 2563.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031.

• According to Cognitive Market Research, Brazilian rugs and carpets market had a market share of USD 1,097.05 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. In Brazil, rising construction activities and a growing real estate market are contributing to increased demand for diverse and high-quality carpets.
• The Argentine rugs and carpets market had a market share of USD 430.62 million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Argentina’s expanding residential sector and increasing home renovations are pushing the demand for rugs that offer both style and durability. The Colombian rugs and carpets market had a market share of USD 228.13 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. The Peruvian rugs and carpets market had a market share of USD 210.18 million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. The Chilean rugs and carpets market had a market share of USD 184.55 million in 2024 and is projected to grow at a CAGR of 5.2% during the forecast period. The Rest of Latin America rugs and carpets market had a market share of USD 412.68 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period.

Middle East Rugs and Carpets Market Analysis

According to Cognitive Market Research, the global Rugs and carpets market size was estimated at USD 51264.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1025.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC rugs and carpets market had a market share of USD 438.82 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. GCC countries are seeing growth due to a booming construction industry and a preference for luxurious, high-end home furnishings.
• The Egyptian rugs and carpets market had a market share of USD 107.65 million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. The South African rugs and carpets market had a market share of USD 161.99 million in 2024 and is projected to grow at a CAGR of 6.2% during the forecast period. South Africa’s expanding housing market and growing middle class are increasing the demand for stylish, durable, and affordable rugs and carpets. The Turkish rugs and carpets market had a market share of USD 88.17 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. The Nigerian rugs and carpets market had a market share of USD 107.65 million in 2024 and is projected to grow at a CAGR of 4.3% during the forecast period. The Rest of MEA rugs and carpets market had a market share of USD 120.98 million in 2024 and is projected to grow at a CAGR of 4.2% during the forecast period.

Rugs and Carpets Market Analysis

According to Cognitive Market Research, tufted stands out as the dominant category over the projected period due to their affordability, versatility, and wide range of designs. Their ease of production and availability in various styles and patterns make them highly attractive to consumers. Additionally, tufted carpets offer a balance of quality and cost-effectiveness, appealing to both residential and commercial buyers. Woven emerges as the fastest-growing category in the Rugs and carpets market due to increasing consumer demand for high-quality, durable products with traditional craftsmanship. Their superior longevity and intricate designs make them a preferred choice for premium markets. As consumers seek more luxurious and sustainable options, woven carpets' appeal and market growth are accelerated.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Rugs and Carpets Industry. Request a Free Sample PDF!

According to Cognitive Market Research, the dominant category is polypropylene due to its durability, stain resistance, and cost-effectiveness. It offers a practical solution for both residential and commercial applications, meeting the demands for low-maintenance and long-lasting flooring options. Its affordability and versatility contribute to its widespread use and continued market dominance. 

The fastest-growing category in the Rugs and carpets market is wool driven by increasing consumer interest in sustainable and luxury products. Wool's natural fibers offer exceptional durability, comfort, and aesthetic appeal, making it a sought-after material for high-end interiors. As environmental awareness rises, the demand for wool’s eco-friendly qualities fuels its rapid market growth.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Rugs and Carpets Application Segment Analysis

According to Cognitive Market Research, the dominant category is residential due to the consistent demand for home comfort and décor. Homeowners prioritize aesthetics, warmth, and customization, driving the demand for diverse carpet options. Ongoing home improvement trends and the desire for personalized living spaces further contribute to the strong and sustained growth of the residential segment.

The fastest-growing category in the Rugs and carpets market is commercial due to increased construction and renovation activities in office spaces, retail environments, and hospitality sectors. The need for durable, high-performance carpets that can withstand heavy foot traffic drives demand. Additionally, advancements in commercial carpet technology, such as stain resistance and sound absorption, fuel the segment's expansion.

• Residential
• Commercial

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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