Global carpet market forecast to grow significantly

The global market for carpets and rugs was estimated at 58.93 billion US dollars in 2024. A report by Key Market Insights predicts that the market will more than double by 2032, reaching around 133.94 billion dollars, with a compound annual growth rate of 11.08%.

The report identifies several key factors that are driving this rapid growth. Consumers are increasingly wanting good-looking and comfortable floor coverings that enhance the ambience of their homes. Ongoing consumer trends in the industry include desires for luxury and artisanal designs. Commercial buyers and high-worth households have been found to want custom-designed carpets with unique, intricate patterns.

There is also a demand for sustainable materials in the home, which has increased sales of carpets made from natural, eco-friendly materials such as jute, wool and sisal.

Advances in cleaning technologies have made carpets easier to maintain. These have included robot vacuum cleaners that clean carpets automatically. Consumers with busy lifestyles who were put off buying carpets due to the need for frequent cleaning are switching to easy-to-maintain carpets. Stain-resistant carpets, meanwhile, appeal to buyers who want carpets to retain their good looks without frequent cleaning.

Carpets are warmer than hard surface flooring. Insulating backing prevents heat loss and dampens noise in a room. Furthermore, carpets made from synthetic materials have the largest market share as they are cheaper, but there is a growth in demand for silk and wool carpets, which are more luxurious.

To view the many colours and patterns of carpets available on the market, contact a carpet retailer in the North Wales and Chester region.