India Decorative Rug Market to Grow with a CAGR of 5.62% through 2030F
The India Decorative Rug
Market is growing due to increasing internet penetration, a rising number of
smartphone users, evolving consumer behavior favoring online shopping,
advancements in digital payment systems, improved logistics infrastructure, and
government initiatives supporting digital commerce.
According
to TechSci Research report, “India Decorative Rug Market – By Region, Forecast
& Opportunities, 2030F”, the India Decorative Rug Market was valued at USD 400.25 Million in 2024
and is expected to reach USD 555.66 Million by 2030 with a CAGR of 5.62% during
the forecast period. The
India decorative rug market has witnessed significant growth in recent years,
driven by evolving consumer preferences and increasing focus on home
aesthetics. As disposable incomes rise and urbanization accelerates, more
consumers are investing in home decor, including decorative rugs, to enhance
the appeal of their living spaces. Decorative rugs are not just functional;
they are also seen as an essential component of interior design, adding warmth,
style, and personality to a space. This market encompasses a diverse range of
products, from traditional handcrafted rugs to modern machine-made options,
catering to various tastes and budgets. The industry's growth is further
bolstered by India’s rich cultural heritage in rug-making, which positions the
country as a global hub for premium handmade rugs.
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" India Decorative Rug Market”
Consumer behavior plays a pivotal role
in shaping the decorative rug market in India. There is a noticeable shift
toward unique and customized products, as homeowners increasingly seek decor
items that reflect their personal style. Customization has emerged as a key
trend, with consumers favoring rugs tailored to their specific requirements in
terms of design, size, and color. Additionally, the growing awareness of
sustainable living has driven demand for eco-friendly rugs made from natural
materials like jute, wool, and cotton. These rugs are perceived not only as
environmentally responsible but also as premium, durable alternatives to
synthetic options. Such trends are influencing manufacturers to innovate and
diversify their offerings, ensuring they meet the evolving preferences of an
increasingly discerning consumer base.
Technological advancements are
transforming the production landscape of the decorative rug market. Automation
and digital tools, such as computer-aided design (CAD) and digital printing,
are enabling manufacturers to produce intricate designs more efficiently and at
a lower cost. This has widened the range of available designs, making
high-quality decorative rugs accessible to a broader audience. Machine-made
rugs, in particular, have gained popularity for their affordability and
durability, catering to middle-income households. However, handmade rugs
continue to hold a special place in the market due to their craftsmanship and
cultural significance. The integration of modern techniques with traditional
methods has allowed Indian manufacturers to cater to both local and
international demand, solidifying their position in the global market.
The India
Decorative Rug Market is segmented into product type, application, distribution
channel, regional distribution, and company.
Based
on distribution channel, The online segment of the India decorative rug market
is the fastest-growing, driven by increasing internet penetration, smartphone
usage, and changing consumer shopping behaviors. E-commerce platforms offer
consumers convenience, a wide variety of designs, and competitive pricing,
making it easier to purchase rugs from the comfort of their homes.
Additionally, online shopping provides access to global markets, allowing
manufacturers and artisans to reach a broader audience. The convenience of home
delivery, easy returns, and the ability to explore unique and customized
designs have further contributed to the rapid growth of the online segment in
the decorative rug market.
Based on region, West region of India is emerging as the
fastest-growing market for decorative rugs, driven by high urbanization rates
and a growing middle-class population. Cities like Mumbai, Pune, and Ahmedabad
are witnessing increasing demand for stylish home decor, including decorative
rugs. With a focus on modern interior design trends and a rise in disposable
income, consumers in the West are investing more in home aesthetics.
Additionally, the presence of numerous home decor retailers and e-commerce
platforms in this region has made decorative rugs more accessible, fueling the
region's rapid market expansion.
Major companies
operating in India Decorative Rug Market are:
- Jaipur
Rugs Company Pvt. Ltd.
- Maa
Collections
- The
Rug Republic
- Kaleen
India
- Saraswati
Global Pvt. Ltd
- Yak
Carpet Private Limited
- M.A. Trading, Inc.
- Dhurrie
Store
- Underfoot Solutions Private Limited (Villedomo)
- Saif
Handmade Carpets LLP
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“The India Decorative Rug Market is
driven by factors such as rising disposable incomes, increasing urbanization,
and a growing interest in home decor. Consumers are seeking personalized,
stylish rugs that enhance the aesthetic appeal of their living spaces. The
demand for eco-friendly and sustainable products, along with the blending of
traditional craftsmanship with modern design trends, also contributes to market
growth.” said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“India
Decorative Rug Market By Product Type (Machine-Made Rugs, Hand-tufted Rugs, Hand-knotted
Rugs, Others), By Application (Residential, Commercial), By Distribution
Channel (Online, Offline), By Region, Competition, Forecast & Opportunities,
2020-2030F”,
has evaluated the future growth potential of India Decorative Rug Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in the India Decorative Rug Market.
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