Several components of predator functional diversity have been hypothesized to influence prey suppression through either niche complementarity or mass ratio effects. Nevertheless, most studies have used a functional group approach when assessing the role of these predators in ecosystem functioning. By adopting a trait‐based approach, we evaluated the relative contributions of carabid diversity components in predicting prey suppression. Our results highlight the importance of both taxonomic and functional diversity components of carabids as key drivers of prey suppression. Prey suppression was best predicted by carabid densities, with the dominance of Poecilus cupreus potentially driving the positive effect of community total abundance through the mass ratio effect. Prey suppression increased with increasing the density of large carabids. In addition, carabid eye diameter and antennal length were key functional traits for predicting prey suppression. Furthermore, prey suppression increased with increasing carabid functional richness following the niche complementarity effect. In contrast to functional richness, functional evenness and functional divergence of carabid communities were weakly correlated with prey suppression. By identifying which diversity components of carabid communities contribute the most to increase prey suppression, our results can guide efforts aiming to predict the relationship between diversity of these predators and ecosystem functioning.