Carpet and Rugs Market Emerging Trends & Growth Rate
The global carpet and rugs market is witnessing strong growth, driven by increasing urbanization, expanding construction activities, and rising consumer interest in interior décor and home improvement. Valued at US$64.6 billion in 2026, the market is projected to reach US$115.1 billion by 2033, growing at a CAGR of 8.6% during the forecast period. Carpets and rugs are increasingly being used not only for functional purposes but also to enhance aesthetics, comfort, and insulation in residential and commercial spaces.