Press Release

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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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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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

Consumer Goods and Retail | Dec, 2024

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.

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