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Carpet Mills in Minnesota

Author.Name IBISWorld United States Last Updated: April 2025 NAICS MN31411

Carpet Mills in Minnesota industry analysis

The Carpet Mills industry in Minnesota is expected to grow an annualized x% to $x.x million over the five years to 2025, while the national industry will likely decline at -x.x% during the same period. Industry establishments decreased an annualized -x.x% to x locations. Industry employment has decreased an annualized -x.x% to x workers, while industry wages have decreased an annualized -x.x% to $x,xxx,xxx.x.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to decrease an annualized -x.x% to x workers, while industry wages are forecast to decrease -x% to $x,xxx,xxx.x.

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About the Carpet Mills in Minnesota Market Research Report

What’s Included in the Carpet Mills in Minnesota Market Research Report

Definition of the Carpet Mills in Minnesota?

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 the Carpet Mills in Minnesota?

The Carpet Mills in Minnesota includes carpet manufacturing, rug manufacturing, carpet finishing and rug finishing. Related terms covered in the Carpet Mills in Minnesota industry report includes to procure goods or services under contract with an outside supplier, the relocation of a company's business process, such as manufacturing or accounting, between one country and another, whether the work is outsourced or stays within the company, creative work undertaken by a company to increase the stock of knowledge, which can then be applied to developing a new product or improving an existing one and a home purchase loan with a higher balance than the free-market value of the home.

Industry Performance of the Carpet Mills industry in Minnesota

Benchmark the Carpet Mills in Minnesota industry performance with all MN county and national performance.

Carpet Mills in Minnesota

#22 in Highest Revenue 0% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Carpet Mills in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Carpet Mills industry in Minnesota

See how key industry drivers, such as population, private investment in non-residential construction, gross state product, consumer spending, private spending on home improvements and value of residential construction are impacting Carpet Mills in Minnesota

Minnesota Economic Indicators

Population
Private Investment in Non-Residential Construction
Gross State Product

View more economic information in MN State Economic profile

US Key External Drivers

Consumer spending
Private spending on home improvements
Value of residential construction

For the full list of industry drivers, see report purchase options.

County Data of the Carpet Mills industry in Minnesota

Access proprietary data on county in the Carpet Mills in Minnesota, such as Hennepin County, Dakota County and Cottonwood County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Carpet Mills industry in Minnesota

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Carpet Mills industry in Minnesota in 2025?

The market size of the Carpet Mills industry in Minnesota is $3.9m in 2025.

How many businesses are there in the Carpet Mills industry in Minnesota in 2025?

There are 1 businesses in the Carpet Mills industry in Minnesota, which has been declining at an average annual rate of -12.9% from 2020 to 2025.

Has the Carpet Mills industry in Minnesota grown or declined over the past 5 years?

The market size of the Carpet Mills industry in Minnesota has been growing at an average annual rate of 1.0% from 2020 to 2025.

How many employees in the Carpet Mills industry in Minnesota in 2025?

There are 9 employees in the Carpet Mills industry in Minnesota, which has been declining at an average annual rate of -10.9% from 2020 to 2025.