Market Insights Consumer Furniture Home Décor

Carpets & Rugs - United States

United States

In the year 2024, the revenue in the Carpets & Rugs market in the United States reached an impressive amount of US$18.45bn.
This market is projected to experience a steady annual growth rate of 3.75% from 2024 to 2029, as calculated by the Compound Annual Growth Rate (CAGR).
When compared to other countries worldwide, in the United States stands out as the top revenue generator in this segment, accounting for the aforementioned US$18.45bn in 2024.
Taking into account the total population figures, the per capita revenue in the Carpets & Rugs market for each individual in the United States amounts to US$53.97 in 2024.
The United States has seen a resurgence in demand for handwoven Native American rugs, reflecting a growing appreciation for indigenous craftsmanship and cultural heritage.

Key regions: Canada, France, China, Brazil, United States

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Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.