Carpet & Rug Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/22/2024
SIC Codes: 2273
NAICS Codes: 31411
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Carpet & Rug Manufacturing Industry Profile

Companies in this industry manufacture woven, tufted, and other types of rugs and carpet using natural and synthetic fibers. Major companies include Engineered Floors, Interface, Mohawk Industries, and Shaw Industries (all based in the US), along with Balta (Belgium), Oriental Weavers (Egypt), and Suminoe Textile (Japan).

The global carpets and rugs market is forecast to reach about $120 billion by 2030, at a compound annual growth rate (CAGR) of 5.5% between 2022 and 2030, according to Custom Market Insights. Apart from US and China, other noteworthy geographic markets in the market are Germany and the UK, according to Statista.

The US carpet and rug manufacturing industry includes about 250 establishments (single-location companies and units of multi-location companies) with annual revenue of about $10 billion.


Demand for carpeting depends on residential and commercial real estate construction and home sales, which can be cyclical. With many costs fixed, profitability of individual companies depends on their volume of business. Large companies enjoy significant economies of scale in manufacturing and distribution. The US industry is highly concentrated: the 50 largest companies account for over 95% of revenue.

Competition comes from providers of other types of floor coverings, including hardwood and ceramic tile. Many carpet manufacturers have expanded into noncarpet flooring products.


Most carpeting is made on large tufting machines that use rows of needles to sew loops of nylon thread into a latex backing. The loops ...

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