The global area rug market size is calculated at USD 12,800 million in 2024 and is predicted to reach around USD 21,250 million by 2034, expanding at a CAGR of 5.2% from 2024 to 2034.
The area rug market is an integral segment of the consumer goods industry. This industry deals in the manufacturing and distribution of small carpets in different parts of the world. There are various types of area rugs available in the market using different materials such as wool, synthetic, sisal, jute, sea grass, animal skins, silk area, and cotton, among others. These rugs can be both hand-woven and machine-produced. The rising demand for aesthetic products in residential areas has boosted the market growth. This market is expected to rise significantly with the growth of the home decor industry across the globe.
The rising demand for silk-based rugs and nylon-based rugs along with a rise in the number of renovation and remodeling activities has driven the market growth. Also, the increased popularity of modern rugs with geometrical and abstract designs coupled with an increasing number of startup companies involved in rug manufacturing is playing a crucial role in shaping the industry in a positive direction. Moreover, the increasing commercial construction activities in advanced cities as well as the availability of these carpets in online and offline platforms is anticipated to foster the growth of the area rug market. The rising use of eco-friendly materials in manufacturing area rugs along with integration of IoT in rugs is expected to create ample growth opportunities for the market players in the upcoming days.
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| Stats ID: | 7312 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7312 |
| Format: | Databook |
| Published: | December 2024 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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