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US demand for carpets and rugs is forecast to advance 1.1% annually to 11.6 billion square feet valued at $13.2 billion in 2024. Gains will be supported by such factors as:
However, more rapid demand advances will be restrained by:
The COVID-19 pandemic hurt both residential and commercial carpet and rug demand in 2020:
Broadloom carpet – which held half of US carpet and rug demand by area in 2019 – will continue to account for the largest share of demand through 2024. Homebuilders and commercial specifiers will opt for the material because of its low cost, while homeowners will select broadloom carpet because of its softness, which many people find to be comforting. Manufacturers will expand product offerings of broadloom carpets with enhanced aesthetics and performance properties to promote sales.
The residential market will account for nearly all demand gains through 2024. Solid growth in single-family housing starts will lead market advances, as homebuilders will continue to specify carpeting because of its modest cost and favorable aesthetics. Carpets and rugs will continue to see use in the remodeling and replacement segment, as homeowners add carpeting to bedrooms, home offices, and family rooms because of its ability to create a feeling of warmth underfoot and because of its sound deadening properties.
1. Executive Summary
2. About This Report
Report Details
Study Scope & Product Description
Impact of COVID-19 Pandemic
3. Overview
Historical Market Trends
Demand by Product
Area Demand
Market Value
Demand by Market
Shipments & Foreign Trade
Production
Imports
Exports
Pricing Trends
Competitive Products
Sustainability Trends
Recycling Activity
Recycled Content Use
Green Building Practices (LEED)
Indoor Air Quality Concerns
4. Tufted Carpets & Rugs
Scope & Product Description
Product Trends
Demand by Product
Broadloom
Vehicular Carpet
Carpet Tile
Scatter Rugs, Bath Mats, & Accent Rugs
Synthetic Turf
Demand by Market
Shipments & Foreign Trade
Market Share
5. Woven Carpets & Rugs
Scope & Product Description
Product Trends
Demand by Product
Axminster
Wilton (Jacquard)
Velvet
Demand by Market
Shipments & Foreign Trade
Market Share
6. Needlepunched & Other Carpets & Rugs
Scope & Product Description
Demand by Product
Needlepunched Carpets & Rugs
Other Carpets & Rugs
Demand by Market
Shipments & Foreign Trade
Leading Suppliers
7. Residential Carpets & Rugs
Demand by Product & Application
New Construction
Replacement & Remodeling
Building Types
Demand by Housing Type
Single-Family
Multifamily
Manufactured Housing
8. Commercial Carpets & Rugs
Demand by Product & Market Sector
New Construction
Replacement & Remodeling
Building Types
Demand by Building Type
Office, Trade & Lodging
Institutional
Industrial
Other Commercial Buildings
9. Transportation Equipment & Nonbuilding Carpets & Rugs
Demand by Product & Application
Motor Vehicle Flooring
Other (Recreational Vehicles, Aircraft, Ships, Trains, & Nonbuilding Applications)
10. Suppliers & Market Share
Key Findings & Industry Composition
Market Share
Mergers & Acquisitions
List of Industry Participants
11. Appendix
Scope
Definitions
Abbreviations
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Demographic Trends
Consumer Spending
Consumer Financing
Building Construction
Residential Building Construction
Housing Completions
Residential Improvements & Repairs
Commercial Building Construction
Commercial Building Stock
Commercial Building Improvements & Repairs
Nonbuilding Construction Expenditures
Motor Vehicles
Recreational Boats, Recreational Vehicles, & Civilian Aircraft Shipments
2. About This Report
Table 2-1 | Annual Carpet & Rug Demand by Product, 2019 - 2024 (million square feet)
Table 2-2 | Annual Carpet & Rug Demand by Market, 2019 - 2024 (million square feet)
3. Overview
Table 3-1 | Carpet & Rug Market, 2009 - 2019 (million square feet)
Table 3-2 | Carpet & Rug Demand by Product, 2009 - 2029 (million square feet)
Table 3-3 | Carpet & Rug Demand, 2009 - 2029 (million dollars)
Table 3-4 | Carpet & Rug Demand by Market, 2009 - 2029 (million square feet & million dollars)
Table 3-5 | Carpet & Rug Supply & Demand, 2009 - 2029 (million square feet)
4. Tufted Carpets & Rugs
Table 4-1 | Tufted Carpet & Rug Demand by Product, 2009 - 2029 (million dollars & million square feet)
Table 4-2 | Broadloom Carpet & Rug Demand by Market, 2009 - 2029 (million square feet & million dollars)
Table 4-3 | Vehicular Carpet & Rug Demand, 2009 - 2029 (million square feet & million dollars)
Table 4-4 | Carpet Tile Demand by Market, 2009 - 2029 (million square feet & million dollars)
Table 4-5 | Scatter Rug, Bath Mat, & Accent Rug Demand by Market, 2009 - 2029 (million square feet & million dollars)
Table 4-6 | Synthetic Turf Demand by Market, 2009 - 2029 (million square feet & million dollars)
Table 4-7 | Tufted Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 4-8 | Tufted Carpet & Rug Supply & Demand, 2009 - 2029 (million square feet)
5. Woven Carpets & Rugs
Table 5-1 | Woven Carpet & Rug Demand by Product, 2009 - 2029 (million dollars & million square feet)
Table 5-2 | Axminster Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 5-3 | Wilton Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 5-4 | Velvet Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 5-5 | Woven Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 5-6 | Woven Carpet & Rug Supply & Demand, 2009 - 2029 (million square feet)
6. Needlepunched & Other Carpets & Rugs
Table 6-1 | Needlepunched & Other Carpet & Rug Demand, 2009 - 2029 (million dollars & million square feet)
Table 6-2 | Needlepunched Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 6-3 | Other Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 6-4 | Needlepunched & Other Carpet & Rug Demand by Market, 2009 - 2029 (million square feet)
Table 6-5 | Needlepunched & Other Carpet & Rug Supply & Demand, 2009 - 2029 (million square feet)
7. Residential Carpets & Rugs
Table 7-1 | Residential Carpet & Rug Demand by Application & Product, 2009 - 2029 (million square feet)
Table 7-2 | New Residential Carpet & Rug Demand by Housing Type & Product, 2009 - 2029 (million square feet)
Table 7-3 | Residential Replacement & Remodeling Carpet & Rug Demand by Housing Type & Product, 2009 - 2029 (million square feet)
Table 7-4 | Residential Carpet & Rug Demand by Housing Type, 2009 - 2029 (million square feet)
Table 7-5 | Single-Family Housing Carpet & Rug Demand by Application, 2009 - 2029 (million square feet)
Table 7-6 | Multifamily Housing Carpet & Rug Demand by Application, 2009 - 2029 (million square feet)
Table 7-7 | Manufactured Housing Carpet & Rug Demand by Application, 2009 - 2029 (million square feet)
8. Commercial Carpets & Rugs
Table 8-1 | Commercial Carpet & Rug Demand by Application & Product, 2009 - 2029 (million square feet)
Table 8-2 | New Commercial Carpet & Rug Demand by Building Type & Product, 2009 - 2029 (million square feet)
Table 8-3 | Commercial Replacement & Remodeling Carpet & Rug Demand by Building Type & Product, 2009 - 2029 (million square feet)
Table 8-4 | Commercial Carpet & Rug Demand by Building Type, 2009 - 2029 (million dollars)
Table 8-5 | Office, Trade, & Lodging Carpet & Rug Demand by Application, 2009 - 2029 (million square feet)
Table 8-6 | Institutional Carpet & Rug Demand by Application, 2009 - 2029 (million square feet)
Table 8-7 | Industrial Carpet & Rug Demand by Application, 2009 - 2029 (million square feet)
Table 8-8 | Other Commercial Carpet & Rug Demand by Application, 2009 - 2029 (million square feet)
9. Transportation Equipment & Nonbuilding Carpets & Rugs
Table 9-1 | Transportation Equipment & Nonbuilding Carpet & Rug Demand by Application & Product, 2009 - 2029 (million square feet)
10. Suppliers & Market Share
Table 10-1 | US Carpets & Rugs Sales by Company, 2019 (million dollars)
Table 10-2 | Selected Mergers & Acquisitions
Table 10-3 | Selected Industry Participants
11. Appendix
Table 11-1 | Relevant Industry Codes
Table 11-2 | Relevant HS Codes
Table 11-3 | Abbreviations & Acronyms Used in Study
Table 11-4 | Macroeconomic Indicators, 2009 - 2029 (billion 2012 dollars)
Table 11-5 | Population & Households, 2009 - 2029 (million persons)
Table 11-6 | Personal Consumption Expenditures, 2009 - 2029 (billion 2012 dollars)
Table 11-7 | | Consumer Financing Environment, 2009 - 2019
Table 11-8 | Building Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)
Table 11-9 | Residential Building Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)
Table 11-10 | New Housing Indicators, 2009 - 2029
Table 11-11 | Residential Improvement & Repair Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)
Table 11-12 | Commercial Building Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)
Table 11-13 | Commercial Building Stock by Type, 2009 - 2029 (billion 2012 dollars)
Table 11-14 | Commercial Building Improvement & Repair Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)
Table 11-15 | Nonbuilding Construction Expenditures, 2009 - 2029 (billion 2012 dollars & billion dollars)
Table 11-16 | Motor Vehicle Indicators, 2009 - 2029
Table 11-17 | Recreational Boats, Recreational Vehicles, & Civilian Aircraft Shipments, 2009 - 2029 (000 units)
1. Executive Summary
Figure 1-1 | US Carpets & Rugs Market
2. About This Report
Figure 2-1 | Carpets & Rugs: Product Examples
Figure 2-2 | Annual Carpet & Rug Demand by Market, 2019 - 2024 (million square feet)
3. Overview
Figure 3-1 | Carpet & Rug Demand, 2009 - 2019 (million square feet)
Figure 3-2 | US Carpet & Rug Imports: Share by Source, 2019 (billion square feet)
Figure 3-3 | US Carpet & Rug Imports by Source, 2009 - 2019 (million square feet)
Figure 3-4 | US Carpet & Rug Exports: Share by Destination, 2019 (million square feet)
Figure 3-5 | Carpet & Rug Average Prices, 2009 - 2019 (dollars per square foot)
Figure 3-6 | Comparative Growth Rates for Selected Flooring Products, 2019 - 2024 (% CAGR)
4. Tufted Carpets & Rugs
Figure 4-1 | Tufted Carpets & Rugs: Product Examples
Figure 4-2 | Tufted Carpet Imports: Share by Source, 2019 (million square feet)
Figure 4-3 | Tufted Carpet & Rug Market Share by Company, 2019 (billion dollars)
5. Woven Carpets & Rugs
Figure 5-1 | Woven Carpets & Rugs: Product Examples
Figure 5-2 | Woven Carpet & Rug Imports: Share by Source, 2019 (billion square feet)
Figure 5-3 | Woven Carpet & Rug Market Share by Company, 2019 (billion dollars)
6. Needlepunched & Other Carpets & Rugs
Figure 6-1 | Needlepunched & Other Carpets & Rugs: Product Examples
Figure 6-2 | Needlepunched & Other Carpet & Rug Imports: Share by Source, 2019 (million square feet)
10. Suppliers & Market Share
Figure 10-1 | US Carpets & Rugs Market Share by Company, 2019 (billion dollars)
Figure 10-2 | US Carpets & Rugs Market: Leading Supplier, 2019
Figure 10-3 | US Carpets & Rugs Market: Second Leading Supplier, 2019
Figure 10-4 | US Carpets & Rugs Market: Third Leading Supplier, 2019
Figure 10-5 | US Carpets & Rugs Market: Fourth Leading Supplier, 2019
Figure 10-6 | US Carpets & Rugs Market: Fifth Leading Supplier, 2019
11. Appendix
Figure 11-1 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)
Figure 11-2 | Annual Population Growth, 2004 - 2019 (percent)
Figure 11-3 | New Housing Square Footage by Housing Type, 2004 - 2019
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