Carpet Mills in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: March 2024
NAICS 31411Revenue
$10.2bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
25,785
Businesses
155
Wages
$X.Xbn
Carpet Mills in the US industry analysis
The Carpet Mills industry is navigating a transforming landscape. The sudden surge in home renovations, propelled by the transition to remote work, has increased demand for attractive carpets and rugs, thereby boosting manufacturer sales. However, the escalation in interest rates in 2022 and 2023 exerted immense pressure on both the residential and commercial building sectors, making loans more expensive and diminishing sales opportunities. The industry now faces the challenge of managing the post-pandemic demand surge while grappling with economic uncertainties and import competition. Carpet mill revenue has declined at a CAGR of 0.4% over the past five years and is expected to total $10.2 billion in 2024, when revenue will hike by an estimated 0.3%.
Trends and Insights
- Competitive imports challenge domestic carpet millers. Despite leveraging advanced technology and a skilled workforce to produce higher value-added carpets, domestic carpet millers struggle to compete with the price-effectiveness of imported carpets, often forcing smaller companies out of the industry.
- The largest production segment from carpet millers includes woven synthetic carpets and rugs. This product segment, popular in residential and commercial markets, faces competitive pressure because of synthetic fiber price fluctuations and cheaper imports.
- The Southeast is the preferred location for carpet millers. This is because of its proximity to downstream markets and substantial population, which drives residential construction activity, making it a strategic choice.
- Competitive pricing attracts downstream customers. Carpet millers should offer a range of high-quality, aesthetically pleasing products to maintain customer interest.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 0.4 % over the past five years, to reach an estimated $10.2bn in 2024.
Trends and Insights
Sustainability and eco-conscious choices have become significant factors in consumer buying behavior
- Over the past five years, one key trend influencing carpet mills is the growing demand for environmentally friendly, sustainable carpeting. Many consumers and businesses now look for carpets made from recyclable materials.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Carpet manufacturers will continue to enhance competitiveness amid a preference for hard surface flooring
- Hard surface flooring, like hardwood, laminate and tile, will likely continue to be strong competitors to carpets and rugs. This trend is driven by factors like durability, ease of cleaning and appearance.
Biggest companies in the Carpet Mills in the US
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Shaw Industries Group, Inc. | 3,009.9 | 376.3 | 12.5 | |
Mohawk Industries, Inc. | 1,216.1 | 62.6 | 5.1 | |
Engineered Floors, Llc | 551.2 | 25.8 | 4.7 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Woven carpets and rugs, Washable scatter rugs, bathmats and sets and Roll carpet and rug goods . Woven carpets and rugs is the largest segment of the Carpet Mills in the US.
Trends and Insights
Woven and roll carpets and rugs include a variety of similar products
- This product category includes synthetic carpets and rugs, woolen carpets and rugs, handmade carpets and other woven carpets and rugs. It also includes washable scatter rugs and bathmats.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Textile Mills in the US
- Dye & Pigment Manufacturing in the US
- Synthetic Fiber Manufacturing in the US
International industries
- Floor Covering Wholesaling in Canada
- Carpet and Textile Floor Covering Manufacturing in Australia
- Carpet & Rug Manufacturing in the UK
Table of Contents
About this industry
Industry definition
The Carpet Mills industry manufactures and finishes carpets and rugs for the domestic, commercial and industrial sectors. These products are generally woven or tufted and made from nylon or other synthetic materials. Although the majority of consumers use most carpets and rugs as final goods, some of the industry’s consumers use industry products as intermediate inputs in the production of a variety of goods, such as automobiles and boats.
What's included in this industry?
Carpet manufacturingRug manufacturingCarpet finishingRug finishingCompanies
Shaw Industries Group, Inc.Mohawk Industries, Inc.Engineered Floors, LlcPurchase this report to view all 3 major companies in this industry.
Related Terms
OUTSOURCE OFFSHORERESEARCH AND DEVELOPMENT (R&D)UNDERWATER MORTGAGEIndustry Code
NAICS 31411 - Carpet Mills in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Competitive imports challenge domestic carpet millers. Despite leveraging advanced technology and a skilled workforce to produce higher value-added carpets, domestic carpet m...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The largest production segment from carpet millers includes woven synthetic carpets and rugs. This product segment, popular in residential and commercial markets, faces compe...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The Southeast is the preferred location for carpet millers. This is because of its proximity to downstream markets and substantial population, which drives residential constr...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competitive pricing attracts downstream customers. Carpet millers should offer a range of high-quality, aesthetically pleasing products to maintain customer interest.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Shaw Industries Group Inc. is vertically integrated. This enables them to leverage economies of scale, which reduces purchase costs and increases profitability.
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Shaw Industries Group, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Mohawk Industries, Inc.'s performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Engineered Floors, Llc's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Shaw Industries Group, Inc., and factors influencing its performance in the industry
- Description and key data for Mohawk Industries, Inc., and factors influencing its performance in the industry
- Description and key data for Engineered Floors, Llc, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Carpet millers are in a heavy environment and are under noise regulation. These include the Clear Water Act, Resource Conservation and Recovery Act, Clean Air Act, the Cluste...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Purchases are the largest cost for carpet millers. Purchases primarily include textiles and materials from upstream industries
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Carpet Mills in the US industry in United States in 2024?
The market size of the Carpet Mills in the US industry in United States is $10.2bn in 2024.
How many businesses are there in the Carpet Mills in the US industry in 2024?
There are 155 businesses in the Carpet Mills in the US industry in United States, which has declined at a CAGR of 4.3 % between 2019 and 2024.
Has the Carpet Mills in the US industry in United States grown or declined over the past 5 years?
The market size of the Carpet Mills in the US industry in United States has been declining at a CAGR of 0.4 % between 2019 and 2024.
What is the forecast growth of the Carpet Mills in the US industry in United States over the next 5 years?
Over the next five years, the Carpet Mills in the US industry in United States is expected to grow.
What are the biggest companies in the Carpet Mills in the US market in United States?
The biggest companies operating in the Carpet Mills market in United States are Shaw Industries Group, Inc., Mohawk Industries, Inc. and Engineered Floors, Llc
What does the Carpet Mills in the US in United States include?
Carpet manufacturing and Rug manufacturing are part of the Carpet Mills in the US industry.
Which companies have the highest market share in the Carpet Mills in the US in United States?
The company holding the most market share in United States is Shaw Industries Group, Inc..
How competitive is the Carpet Mills in the US industry in United States?
The level of competition is moderate and increasing in the Carpet Mills in the US industry in United States.
