Area Rugs Market By Type (Tufted Rugs, Knotted Rugs, Hand-Woven Rugs, Others), By Material (Wool, Synthetics, Sisal, Jute Sea Grass, Animal Skins, Silk, Cotton, Others), By Application (Commercial, Residential), By Region, By Competition Forecast & Opportunities, 2018-2028F

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD45.82 billion

CAGR (2023-2028)

4.29%

Fastest Growing Segment

Synthetics

Largest Market

North America


Market Overview

Global Area Rugs Market has valued at USD45.82 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.29% through 2028. Area rugs are textile floor coverings that offer cosines and warmth. It has a wide range of hues, designs, and textures and provides the floor a beautiful appearance. A rug is typically used to anchor furniture and does not extend from wall to wall. The rug is either fully covered by sofas, furniture, a TV stand, and tables or it is surrounded by them. Area rugs come in a variety of styles, including needle point, Shag, Cut & Loop, Flat weave, cut pile, loop pile, oriental, kilim, and floor cloth, among others. These rugs come in a range of materials, including silk, leather from animals, and synthetic and cotton fibers. The rug's kind and material will determine its quality and lifespan. Some items are placed where there is less traffic because they are more delicate and spoilable, while others are placed where there is more activity, like at door entrances, since they are less likely to be damaged.

The increase in disposable income increases the ability of residents in Asia-Pacific nations to make purchases. Spending on things for luxury, comfort, and lifestyle has increased. The demand for area rugs is rising as a result of customers' changing spending habits and rising purchasing power. The expansion of the area rug market is also aided by changes in lifestyle and an increase in modern house renovation. People are more likely to have opulent-looking area rugs to improve the aesthetic appeal of their homes as a result of changes in lifestyle and the accessibility of modern home improvement. The need for the product is increased by the use of smart area rugs in offices, the hospitality sector, and other sectors. The market is being stimulated by the readily available wide selection of area rugs. The market's vast selection of area rugs, which are marketed according to several factors including room size and intended use (such as a rug for the floor near the fireplace), is boosting demand for the good.

To meet the rising demand in the market, businesses are concentrating on the introduction of innovative rug patterns. People prefer hand-made rugs over machine-made rugs because they give the floor a distinctive and attractive appearance. As a result, businesses are creating new patterns and designs for area rugs. For instance, in September 2019, The Rug Company, a well-known company in the rug industry, unveiled new collections of rugs with patterns that drew inspiration from features seen in the land, air, and sea.

Key Market Drivers

Home Renovation and Remodeling Trends

Home renovation and remodeling have emerged as significant drivers of the area rugs market. As homeowners seek to refresh and upgrade their living spaces, area rugs play a pivotal role in these transformations. The trend toward open-concept living spaces has led to an increased demand for area rugs as they help define different zones within a room.

Moreover, the growing popularity of do-it-yourself (DIY) home improvement projects has further fueled the demand for area rugs. Many homeowners now see area rugs as an accessible and cost-effective way to update their interiors without the need for major renovations. This has led to a surge in sales through e-commerce platforms, where consumers can browse and purchase a wide variety of rugs to suit their style and preferences.

Additionally, sustainability is a rising concern in the home improvement industry. As consumers become more conscious of their environmental footprint, they are looking for eco-friendly and sustainable materials. This has prompted manufacturers to develop area rugs made from recycled and renewable materials, further driving market growth.

Urbanization and Smaller Living Spaces

Urbanization trends are reshaping the housing landscape, with more people living in smaller apartments and condos. In such compact living spaces, area rugs serve as multifunctional tools. They not only add style to the interiors but also provide comfort and insulation. The versatility of area rugs makes them an ideal choice for urban dwellers looking to personalize their limited space.

Additionally, urbanization has led to increased foot traffic in homes, necessitating the use of area rugs for protecting flooring materials and reducing wear and tear. This aspect of functionality has made area rugs indispensable in urban homes, thereby contributing to market growth.

Evolving Consumer Preferences and Design Trends

Consumer preferences and design trends play a crucial role in driving the area rugs market. As design aesthetics continue to evolve, area rugs have become an essential element of interior decoration. Consumers are increasingly inclined towards personalized and unique home environments, and area rugs allow them to express their individuality. Contemporary design trends, such as minimalism and Scandinavian design, have boosted the demand for simple, yet stylish, area rugs that complement these themes. At the same time, traditional and vintage-inspired rugs remain popular among consumers seeking a timeless look. Manufacturers are continuously innovating to cater to these diverse preferences.

Furthermore, the influence of social media and online interior design platforms has exposed consumers to a plethora of design ideas, leading to a greater awareness and appreciation of the role of area rugs in enhancing living spaces. This exposure has spurred sales and driven market growth as consumers seek to replicate the stylish interiors they see online.

Health and Comfort Considerations

The growing awareness of health and comfort in home environments has led to an increased demand for area rugs. Area rugs offer warmth, cushioning, and noise reduction, which are particularly important in homes with hard flooring surfaces like hardwood or tile. These rugs provide a comfortable and cozy atmosphere, making them a preferred choice for bedrooms, living rooms, and nurseries.

Additionally, area rugs can trap dust and allergens, improving indoor air quality and making them a practical choice for individuals with allergies or respiratory issues. Manufacturers have responded to this demand by developing hypoallergenic and easy-to-clean rugs, further driving market growth. Furthermore, the COVID-19 pandemic emphasized the importance of cleanliness and hygiene. Many consumers turned to area rugs that are easy to clean and maintain, offering a sense of security in uncertain times.

Globalization and Trade

The globalization of trade has significantly impacted the area rugs market. Traditional rug-producing countries like India, Turkey, and China have expanded their exports, making a wide range of rugs accessible to consumers worldwide. This globalization has led to greater competition in the market, resulting in more affordable options for consumers. Additionally, the online retail boom has made it easier for consumers to access area rugs from different parts of the world. E-commerce platforms have enabled customers to browse and purchase rugs with diverse designs, materials, and price points, further expanding the market's reach. Moreover, collaborations between international designers and rug manufacturers have introduced unique and culturally inspired designs to the market, appealing to consumers who seek authenticity and craftsmanship in their area rugs.

Technological Advancements

Technological advancements have not only improved the manufacturing processes of area rugs but also enhanced the overall consumer experience. Advanced weaving techniques, digital printing, and innovative materials have allowed manufacturers to create rugs that are more durable, vibrant, and customizable. Digital platforms and augmented reality tools enable consumers to visualize how different area rugs would look in their homes before making a purchase. This technology-driven convenience has accelerated the decision-making process, driving sales in both physical stores and online.

Furthermore, the integration of smart technology into area rugs is an emerging trend. These smart rugs can monitor foot traffic, detect spills, or even change their appearance through embedded LED lights. As consumers seek more technologically integrated homes, smart area rugs represent a niche segment with growth potential.

 

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Key Market Challenges

Competition and Market Saturation

One of the primary challenges in the area rugs market is the increasing level of competition and market saturation. With numerous manufacturers and suppliers vying for market share, it can be challenging for both established and new players to differentiate themselves and stand out.

The abundance of choices available to consumers has led to price wars and margin compression. Retailers are often forced to offer discounts and promotions to attract customers, which can negatively impact profitability. This challenge is exacerbated by the proliferation of e-commerce platforms, which make it easier for consumers to compare prices and shop for area rugs online. Additionally, the market saturation has led to product commoditization in some segments. In such cases, consumers may perceive area rugs as interchangeable, making it difficult for brands to build strong brand loyalty.

Economic Volatility and Material Costs

Economic volatility and fluctuations in material costs pose significant challenges to the area rugs market. The prices of raw materials, such as wool, cotton, silk, and synthetic fibers, can be subject to unpredictable swings due to factors like climate conditions, geopolitical events, and supply chain disruptions.

Manufacturers must contend with the challenge of managing production costs, as sudden increases in material costs can impact profit margins. In times of economic uncertainty, consumers may also cut back on discretionary spending, affecting the demand for area rugs as non-essential home decor items.

Furthermore, global economic downturns, like the one experienced during the COVID-19 pandemic, can disrupt supply chains, causing delays in production and distribution. These disruptions can result in inventory management challenges and impact a company's ability to meet consumer demand.

Changing Consumer Preferences and Design Trends

While changing consumer preferences and design trends can drive growth in the area rugs market, they also present challenges. Rapid shifts in design preferences can result in inventory challenges for manufacturers and retailers who may be left with outdated or less desirable rug designs. Keeping up with evolving trends requires a nimble approach to product development and marketing. Manufacturers must anticipate design shifts and adapt their product lines accordingly. This can be particularly challenging for businesses with long production lead times. Additionally, customization and personalization have become increasingly important to consumers. Offering a wide range of customizable options while maintaining efficient production processes is a delicate balancing act for rug manufacturers.

Key Market Trends

Sustainable Materials and Eco-Friendly Production

Sustainable materials and eco-friendly production practices have become a major trend in the area rugs market. As environmental awareness continues to rise, consumers are seeking products that align with their values. This has led to a growing demand for area rugs made from renewable, recycled, or biodegradable materials. Jute, bamboo, and organic cotton are gaining popularity as eco-friendly rug materials due to their sustainable and biodegradable properties. These materials not only appeal to environmentally conscious consumers but also contribute to a healthier indoor environment by reducing off-gassing of chemicals.

Furthermore, manufacturers are increasingly adopting eco-friendly production processes that minimize water and energy consumption and reduce waste. Certifications such as Fair Trade and OEKO-TEX are becoming more prevalent, assuring consumers of the ethical and environmentally responsible production of area rugs. Sustainable materials and eco-friendly practices are not only a response to consumer demand but also a way for manufacturers to differentiate themselves in a competitive market and appeal to a broader audience.

Digital Printing and High-Definition Graphics

Digital printing technology has revolutionized the area rugs market, enabling manufacturers to create intricate and high-definition designs with precision. This trend has opened up new possibilities in terms of rug patterns, colors, and visual effects. High-definition graphics on area rugs can mimic the look of traditional handwoven rugs, achieving remarkable levels of detail and realism. This technology allows consumers to access a wide range of designs, from realistic floral motifs to abstract art-inspired patterns.

Digital printing also offers cost-effective solutions for short production runs and custom orders, contributing to the trend of personalization mentioned earlier. Furthermore, it reduces the environmental impact associated with traditional dyeing processes. The ability to replicate intricate designs and achieve photorealistic effects has made digital printing a game-changer in the area rugs market, attracting consumers who seek unique and visually captivating rugs.

Texture and Layering

Texture and layering have emerged as a significant trend in the area rugs market. Consumers are looking to add depth and tactile appeal to their living spaces, and area rugs provide an ideal means to achieve this. Textured area rugs come in a variety of materials, including shag, high-low pile, and natural fibers like wool and jute. These rugs create visual interest and provide a sensory experience underfoot. They add warmth and coziness to a room, making them a desirable choice for bedrooms and living areas.

Layering, which involves placing multiple rugs on top of one another, has also gained popularity. This trend allows consumers to mix and match textures, colors, and patterns to create a unique and dynamic look. It's a creative way to personalize a space and showcase individual style. Moreover, textured and layered rugs can be used to define different zones within an open-concept living space, serving both aesthetic and functional purposes.

Segmental Insights

Type Insights

Based on the type, tufted rugs contribute the largest market in the area rugs market. They account for more than 50% the global market share. Tufted rugs are made by punching loops of yarn into a backing material. This makes them relatively inexpensive to produce and easy to care for. They are also available in a wide variety of colors, patterns, and textures. Tufted rugs are relatively inexpensive to produce, making them a more affordable option for many consumers. Tufted rugs are easy to care for and can be vacuumed and spot cleaned as needed. They are durable and can withstand heavy traffic. Tufted rugs are available in a wide variety of colors, patterns, and textures, making it easy to find the perfect rug for any décor.

While tufted rugs are the most popular type of area rug, there are other types of area rugs that are also gaining popularity. These include knotted rugs, hand-woven rugs, and synthetic rugs. Knotted rugs are made by hand by tying knots in the yarn. This makes them more expensive than tufted rugs, but they are also more durable and can last for many years. Hand-woven rugs are made by hand by weaving the yarn together. This is the most labor-intensive type of rug making, and as a result, hand-woven rugs are the most expensive type of area rug. However, they are also the most unique and luxurious type of rug.

 

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Regional Insights

During the projected period, North America is anticipated to contribute the greatest contribution to the growth of the worldwide market. North America controls the majority of the global market for area rugs in terms of sales. The rise in per capita income, the expansion of residential and commercial development, and the rising use of carpet tiles in commercial areas are the main drivers of market expansion in this area. North America's building market has experienced rapid growth. The region's population of workplaces, educational institutions, healthcare facilities, and public structures is steadily increasing. However, it is also anticipated that hotels and retail locations will increase rapidly during the predicted period. As a result, during the projection period, there will be a rise in demand for area rugs.

Recent Developments

  • In 2023 – a floor covering and home accents manufacturer Nourison hosted Meet & Greet with Farah Merhi, founder of Inspire Me! Home Decor for the debut of her new area rugs at the Nourison showroom during Las Vegas Market. Home Decor has featured two brand new area rug collections, Brushstrokes and Iliana. Brushstrokes includes softly textured abstract patterns with a metallic sheen for a glamourous touch. The Iliana collection infuses elegance with classic and contemporary patterns in neutral colors and a sheen that reflects. Or absorbs light to create two distinctive looks in one.
  • In 2023, Rug company Nourison has rebranded to become Nourison Home as it delves deeper into home furnishings with new categories. The company has added bedding and other home textiles, home accessories, lighting and custom items to its lineup.  

Key Market Players

  • Balta Group NV
  • Berkshire Hathaway Inc.
  • Capel Inc.
  • Dixie Group Inc
  • Harounian Rugs International
  • Kalaty Rug Corp.
  • Loloi Inc.
  • Milliken & Co.
  • Mohawk Industries Inc.
  • Nourison

 By Type

By Material

By Application

By Region
  • Tufted Rugs
  • Knotted Rugs
  • Hand-Woven Rugs
  • Others
  • Wool
  • Synthetics
  • Sisal
  • Jute Sea Grass
  • Animal Skins
  • Silk
  • Cotton
  • Others
  • Commercial
  • Residential
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Area Rugs Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Area Rugs Market, By Type:

o   Tufted Rugs

o   Knotted Rugs

o   Hand-Woven Rugs

o   Others

  • Area Rugs Market, By Material:

o   Wool

o   Synthetics

o   Sisal

o   Jute Sea Grass

o   Animal Skins

o   Silk

o   Cotton

o   Others

  • Area Rugs Market, By Application:

o   Commercial

o   Residential

  • Area Rugs Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Area Rugs Market.

Available Customizations:

Global Area Rugs market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Area Rugs Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customers

4.1.  Brand Awareness

4.2.  Factors Influencing Purchase Decisions

4.3.  Challenges Faced

5.    Global Area Rugs Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (Tufted Rugs, Knotted Rugs, Hand-Woven Rugs, Others)

5.2.2.    By Material Market Share Analysis (Wool, Synthetics, Sisal, Jute Sea Grass, Animal Skins, Silk, Cotton, Others)

5.2.3.    By Application Market Share Analysis (Commercial, Residential)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        North America Market Share Analysis

5.2.4.2.        South America Market Share Analysis

5.2.4.3.        Middle East & Africa Market Share Analysis

5.2.4.4.        Europe Market Share Analysis

5.2.4.5.        Asia-Pacific Market Share Analysis

5.2.5.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Area Rugs Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Material Market Mapping & Opportunity Assessment

5.3.3.    By Application Market Mapping & Opportunity Assessment

6.    North America Area Rugs Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Type Market Share Analysis

6.2.2.    By Material Market Share Analysis

6.2.3.    By Application Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        United States Area Rugs Market Outlook

6.2.4.1.1.            Market Size & Forecast

6.2.4.1.1.1.                By Value

6.2.4.1.2.            Market Share & Forecast

6.2.4.1.2.1.                By Type Market Share Analysis

6.2.4.1.2.2.                By Material Market Share Analysis

6.2.4.1.2.3.                By Application Market Share Analysis

6.2.4.2.        Canada Area Rugs Market Outlook

6.2.4.2.1.            Market Size & Forecast

6.2.4.2.1.1.                By Value

6.2.4.2.2.            Market Share & Forecast

6.2.4.2.2.1.                By Type Market Share Analysis

6.2.4.2.2.2.                By Material Market Share Analysis

6.2.4.2.2.3.                By Application Market Share Analysis

6.2.4.3.        Mexico Area Rugs Market Outlook

6.2.4.3.1.            Market Size & Forecast

6.2.4.3.1.1.                By Value

6.2.4.3.2.            Market Share & Forecast

6.2.4.3.2.1.                By Type Market Share Analysis

6.2.4.3.2.2.                By Material Market Share Analysis

6.2.4.3.2.3.                By Application Market Share Analysis

7.    Europe Area Rugs Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Type Market Share Analysis

7.2.2.    By Material Market Share Analysis

7.2.3.    By Application Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Area Rugs Market Outlook

7.2.4.1.1.            Market Size & Forecast

7.2.4.1.1.1.                By Value

7.2.4.1.2.            Market Share & Forecast

7.2.4.1.2.1.                By Type Market Share Analysis

7.2.4.1.2.2.                By Material Market Share Analysis

7.2.4.1.2.3.                By Application Market Share Analysis

7.2.4.2.        United Kingdom Area Rugs Market Outlook

7.2.4.2.1.            Market Size & Forecast

7.2.4.2.1.1.                By Value

7.2.4.2.2.            Market Share & Forecast

7.2.4.2.2.1.                By Type Market Share Analysis

7.2.4.2.2.2.                By Material Market Share Analysis

7.2.4.2.2.3.                By Application Market Share Analysis

7.2.4.3.        Italy Area Rugs Market Outlook

7.2.4.3.1.            Market Size & Forecast

7.2.4.3.1.1.                By Value

7.2.4.3.2.            Market Share & Forecast

7.2.4.3.2.1.                By Type Market Share Analysis

7.2.4.3.2.2.                By Material Market Share Analysis

7.2.4.3.2.3.                By Application Market Share Analysis

7.2.4.4.        France Area Rugs Market Outlook

7.2.4.4.1.            Market Size & Forecast

7.2.4.4.1.1.                By Value

7.2.4.4.2.            Market Share & Forecast

7.2.4.4.2.1.                By Type Market Share Analysis

7.2.4.4.2.2.                By Material Market Share Analysis

7.2.4.4.2.3.                By Application Market Share Analysis

7.2.4.5.        Spain Area Rugs Market Outlook

7.2.4.5.1.            Market Size & Forecast

7.2.4.5.1.1.                By Value

7.2.4.5.2.            Market Share & Forecast

7.2.4.5.2.1.                By Type Market Share Analysis

7.2.4.5.2.2.                By Material Market Share Analysis

7.2.4.5.2.3.                By Application Market Share Analysis

8.    Asia-Pacific Area Rugs Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Type Market Share Analysis

8.2.2.    By Material Market Share Analysis

8.2.3.    By Application Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        China Area Rugs Market Outlook

8.2.4.1.1.            Market Size & Forecast

8.2.4.1.1.1.                By Value

8.2.4.1.2.            Market Share & Forecast

8.2.4.1.2.1.                By Type Market Share Analysis

8.2.4.1.2.2.                By Material Market Share Analysis

8.2.4.1.2.3.                By Application Market Share Analysis

8.2.4.2.        India Area Rugs Market Outlook

8.2.4.2.1.            Market Size & Forecast

8.2.4.2.1.1.                By Value

8.2.4.2.2.            Market Share & Forecast

8.2.4.2.2.1.                By Type Market Share Analysis

8.2.4.2.2.2.                By Material Market Share Analysis

8.2.4.2.2.3.                By Application Market Share Analysis

8.2.4.3.        Japan Area Rugs Market Outlook

8.2.4.3.1.            Market Size & Forecast

8.2.4.3.1.1.                By Value

8.2.4.3.2.            Market Share & Forecast

8.2.4.3.2.1.                By Type Market Share Analysis

8.2.4.3.2.2.                By Material Market Share Analysis

8.2.4.3.2.3.                By Application Market Share Analysis

8.2.4.4.        South Korea Area Rugs Market Outlook

8.2.4.4.1.            Market Size & Forecast

8.2.4.4.1.1.                By Value

8.2.4.4.2.            Market Share & Forecast

8.2.4.4.2.1.                By Type Market Share Analysis

8.2.4.4.2.2.                By Material Market Share Analysis

8.2.4.4.2.3.                By Application Market Share Analysis

8.2.4.5.        Australia Area Rugs Market Outlook

8.2.4.5.1.            Market Size & Forecast

8.2.4.5.1.1.                By Value

8.2.4.5.2.            Market Share & Forecast

8.2.4.5.2.1.                By Type Market Share Analysis

8.2.4.5.2.2.                By Material Market Share Analysis

8.2.4.5.2.3.                By Application Market Share Analysis

9.    South America Area Rugs Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Type Market Share Analysis

9.2.2.    By Material Market Share Analysis

9.2.3.    By Application Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Area Rugs Market Outlook

9.2.4.1.1.            Market Size & Forecast

9.2.4.1.1.1.                By Value

9.2.4.1.2.            Market Share & Forecast

9.2.4.1.2.1.                By Type Market Share Analysis

9.2.4.1.2.2.                By Material Market Share Analysis

9.2.4.1.2.3.                By Application Market Share Analysis

9.2.4.2.        Colombia Area Rugs Market Outlook

9.2.4.2.1.            Market Size & Forecast

9.2.4.2.1.1.                By Value

9.2.4.2.2.            Market Share & Forecast

9.2.4.2.2.1.                By Type Market Share Analysis

9.2.4.2.2.2.                By Material Market Share Analysis

9.2.4.2.2.3.                By Application Market Share Analysis

9.2.4.3.        Argentina Area Rugs Market Outlook

9.2.4.3.1.            Market Size & Forecast

9.2.4.3.1.1.                By Value

9.2.4.3.2.            Market Share & Forecast

9.2.4.3.2.1.                By Type Market Share Analysis

9.2.4.3.2.2.                By Material Market Share Analysis

9.2.4.3.2.3.                By Application Market Share Analysis

10.  Middle East and Africa Area Rugs Market Outlook

10.1.   Market Size & Forecast         

10.1.1. By Value

10.2.   Market Share & Forecast

10.2.1. By Type Market Share Analysis

10.2.2. By Material Market Share Analysis

10.2.3. By Application Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     South Africa Area Rugs Market Outlook

10.2.4.1.1.         Market Size & Forecast

10.2.4.1.1.1.             By Value

10.2.4.1.2.         Market Share & Forecast

10.2.4.1.2.1.             By Type Market Share Analysis

10.2.4.1.2.2.             By Material Market Share Analysis

10.2.4.1.2.3.             By Application Market Share Analysis

10.2.4.2.     Saudi Arabia Area Rugs Market Outlook

10.2.4.2.1.         Market Size & Forecast

10.2.4.2.1.1.             By Value

10.2.4.2.2.         Market Share & Forecast

10.2.4.2.2.1.             By Type Market Share Analysis

10.2.4.2.2.2.             By Material Market Share Analysis

10.2.4.2.2.3.             By Application Market Share Analysis

10.2.4.3.     UAE Area Rugs Market Outlook

10.2.4.3.1.         Market Size & Forecast

10.2.4.3.1.1.             By Value

10.2.4.3.2.         Market Share & Forecast

10.2.4.3.2.1.             By Type Market Share Analysis

10.2.4.3.2.2.             By Material Market Share Analysis

10.2.4.3.2.3.             By Application Market Share Analysis

10.2.4.4.     Turkey Area Rugs Market Outlook

10.2.4.4.1.         Market Size & Forecast

10.2.4.4.1.1.             By Value

10.2.4.4.2.         Market Share & Forecast

10.2.4.4.2.1.             By Type Market Share Analysis

10.2.4.4.2.2.             By Material Market Share Analysis

10.2.4.4.2.3.             By Application Market Share Analysis

11.  Market Dynamics

11.1.   Drivers

11.2.   Challenges

12.  Market Trends & Developments

13.  SWOT Analysis

13.1.   Strength

13.2.   Weakness

13.3.   Opportunity

13.4.   Threat

14.  Competitive Landscape

14.1.   Company Profiles

14.1.1. Balta Group NV

14.1.1.1.     Company Details

14.1.1.2.     Products & Services

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Recent Developments

14.1.1.6.     Key Management Personnel

14.1.2. Berkshire Hathaway Inc.

14.1.2.1.     Company Details

14.1.2.2.     Products & Services

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Recent Developments

14.1.2.6.     Key Management Personnel

14.1.3. Capel Inc.

14.1.3.1.     Company Details

14.1.3.2.     Products & Services

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Recent Developments

14.1.3.6.     Key Management Personnel

14.1.4. Dixie Group Inc

14.1.4.1.     Company Details

14.1.4.2.     Products & Services

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Recent Developments

14.1.4.6.     Key Management Personnel

14.1.5. Harounian Rugs International

14.1.5.1.     Company Details

14.1.5.2.     Products & Services

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Recent Developments

14.1.5.6.     Key Management Personnel

14.1.6. Kalaty Rug Corp.

14.1.6.1.     Company Details

14.1.6.2.     Products & Services

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Recent Developments

14.1.6.6.     Key Management Personnel

14.1.7. Loloi Inc.

14.1.7.1.     Company Details

14.1.7.2.     Products & Services

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Recent Developments

14.1.7.6.     Key Management Personnel

14.1.8. Milliken & Co.

14.1.8.1.     Company Details

14.1.8.2.     Products & Services

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Recent Developments

14.1.8.6.     Key Management Personnel

14.1.9. Mohawk Industries Inc.

14.1.9.1.     Company Details

14.1.9.2.     Products & Services

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Recent Developments

14.1.9.6.     Key Management Personnel

14.1.10.               Nourison

14.1.10.1.   Company Details

14.1.10.2.   Products & Services

14.1.10.3.   Financials (As Per Availability)

14.1.10.4.   Key Market Focus & Geographical Presence

14.1.10.5.   Recent Developments

14.1.10.6.   Key Management Personnel

15.  Strategic Recommendations/Action Plan

15.1.   Key Focus Areas

15.2.   Target Type

15.3.   Target Material

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Area Rugs Market was estimated to be USD45.82 billion in 2022.

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Balta Group NV, Berkshire Hathaway Inc., Capel Inc., Dixie Group Inc, Harounian Rugs International, Kalaty Rug Corp., Loloi Inc., Milliken & Co., Mohawk Industries Inc., Amara Rugs, Nourison are the key players in the area rugs market in 2022.

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North America is the dominant region in the global area rugs market. It accounts for the largest market share, followed by Europe and Asia Pacific. The high disposable income of consumers in North America is a major driver for the area rugs market.

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Increasing demand for home décor, rising disposable income of consumers, growing popularity of online shopping, increasing demand for eco-friendly products are the major drivers for the Global Area Rugs Market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Area Rugs Market to Grow with a CAGR of 4.29% through 2028

Jan, 2024

Increasing demand for home decor, rising disposable and increasing demand for eco-friendly products income are factors driving the global area rugs market in the forecast period 2024-2028.

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