Solar cells constructed with organic−inorganic metal halide perovskite is a hot topic as they can replace the existing traditional silicon-based solar cells. The major hurdle in the commercialization of perovskite solar cells is the efficiency of the device. In this context, the use of a suitable organic hole transporting material would improve the efficiency of the perovskite solar cells. Until now, spiro-OMeTAD (2,2′,7,7′-tetrakis[N,N-di(4-methoxyphenyl)amino]-9,9′-spirobifluorene) is the standard hole transporting material (HTM) used in the fabrication of perovskite solar cells, and the major issue associated with spiro-OMeTAD is the complex multistep synthesis and the observed difficulty in the purification steps which make this HTM as cost-ineffective. Nowadays, certain hole transporting materials made up of organic small molecules carrying motifs like thiophene, triphenylamine, triazatruxane, pyrene, and carbazole exhibited better photovoltaic properties and less costs are involved for their synthesis, which motivate the researchers to work further on the design and development of non-spiro-OMeTAD. Among the various organic small molecule based HTMs, carbazole unit based HTMs exhibited better photovoltaic properties, chemical stability, easy functionalization, and device performance. Thus, the present review mainly focused on the diverse carbazole-based hole transporting molecular designs and their synthetic strategies which have been reported during the past eight years. Also, the review tries to correlate the molecular structure of different carbazole-based HTMs and their observed energy band gap, HOMO−LUMO levels, hole mobilities, and power conversion efficiencies for the fabricated perovskite solar cells.