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    Carpet & Rug Manufacturing Industry Profile

    Report Page Length: 10-12
    Last Quarterly Update: 5/10/2021
    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).

    Amid the COVID-19 crisis, the global market for carpets and rugs estimated at $34 billion in the year 2020, is projected to reach a revised size of $39 billion by 2027, growing at a compound annual growth rate (CAGR) of around 2% over the analysis period 2020-2027, according to the research by Report Linker. Apart from US and China, the other noteworthy geographic markets in this projected period are Japan and Canada.

    The US carpet and rug manufacturing industry includes about 254 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 concentrated: the four largest companies account for about 55% 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.

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