IMARC Group, a leading market research company, has recently releases report titled “Area Rugs Market Report by Type (Wool Area Rug, Synthetics Area Rug, Sisal, Jute and Sea Grass Area Rug, Animal Skins Area Rug, Silk Area Rug, Cotton Area Rug, and Others), Weave Type (Handmade Area Rugs, Machine-Made Area Rugs), Distribution Channel (Online, Offline), Application (Commercial, Residential), and Region 2023-2028” The study provides a detailed analysis of the industry, including the global area rugs market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the area rugs market?
The global area rugs market size reached US$ 33.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.94 Billion by 2028, exhibiting a growth rate (CAGR) of 5.10% during 2023-2028.
What are area rugs?
Area rugs are an integral part of interior decor, offering both aesthetic appeal and practicality to homes and commercial spaces alike. These versatile floor coverings, typically smaller than carpets and often featuring intricate designs, serve various purposes, from adding warmth and texture to a room to defining specific areas within larger spaces. Area rugs come in an array of materials, patterns, and sizes to suit diverse preferences and needs in the world of interior design. Their popularity stems from their ability to effortlessly tie together different elements of a room, enhancing its overall ambiance and functionality.
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What are the growth prospects and trends in the area rugs industry?
The global area rugs market is experiencing significant growth, driven by the burgeoning real estate and construction sectors worldwide as area rugs play a pivotal role in enhancing the visual appeal of residential and commercial spaces. In addition, the rising trend of open-floor plans in interior design has propelled the need for area rugs to delineate distinct functional zones within such layouts, contributing to their high demand. Furthermore, sustainability has become a paramount concern in recent years, and this ethos is influencing the area rugs market. Consumers are increasingly seeking eco-friendly and sustainable materials, prompting manufacturers to invest in the production of area rugs made from recycled or natural fibers. push for environmental responsibility, making eco-conscious area rugs a prominent trend. This shift toward sustainability aligns with the global push for environmental responsibility, making eco-conscious area rugs a prominent trend.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
Wool Area Rug
Synthetics Area Rug
Sisal, Jute and Sea Grass Area Rug
Animal Skins Area Rug
Silk Area Rug
Cotton Area Rug
Others
Weave Type Insights:
Handmade Area Rugs
Machine-Made Area Rugs
Distribution Channel Insights:
Online
Offline
Specialty Stores
Supermarkets and Hypermarkets
Others
Application Insights:
Commercial
Residential
Breakup by Region:
North America (U.S. Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East Africa
Who are the key players operating in the industry?
The report covers the major market players including:
Amar Carpets
Amer Rugs
Balta Industries nv
Capel Incorporated
Harounian Rugs International Co. Inc.
Houzz Inc.
Milliken & Company
Mohawk Industries Inc.
Nourison Industries Inc.
Oriental Weavers
Shaw Industries Group Inc.
The Natural Carpet Company.
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