Luxury Rugs & Carpets Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Luxury rugs and carpets are made of nylon, acrylic, polyester, olefin, wool and other materials. The high quality wool, silk or other natural materials made rugs and carpets as luxurious. The carpets used as a floor covering on the pile and rugs are smaller than room size and not attached to the floor. A carpet and rugs can be used for the purposes such as insulating an individual's feet from cold, from rough or cold tiles, for the purpose of sitting comfortably on a floor, to decorate the home or commercial areas.

MARKET DYNAMICS

Luxury rugs and carpets are decorative textiles for commercial and residential applications. The manufacturers are inclined towards the use of luxurious raw material, as the consumers prefer high quality, decorative textiles, non-geometrical, innovative designs, and attracting towards bold colors. Moreover, the rising disposable income and standard of living, and adoption of a status symbol for different identities in society are the key factors that are driving the luxury rugs and carpets market all over the world. In addition, the growing commercial and industrial areas prefer these luxurious carpets and rugs to attract consumers and play a vital role in the growing luxury rugs and carpets market globally.

MARKET SCOPE

The "Global Luxury Rugs and Carpets Market Analysis to 2031" is a specialized and in-depth study of consumer goods industry with a particular focus on the global market trend analysis. The report aims to provide an overview of the luxury rugs and carpets market with detailed market segmentation by product type and application. The global luxury rugs and carpets market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading luxury rugs and carpets market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global luxury rugs and carpets market is segmented into product type and application. Based on product type, the global luxury rugs and carpets market is segmented into floor mats and carpets. By application, the global luxury rugs and carpets market is classified into commercial and residential.

REGIONAL FRAMEWORK

The report provides a detailed overview of the luxury rugs and carpets industry, including both qualitative and quantitative information. It provides an overview and forecast of the global luxury rugs and carpets market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 concerning five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America. The luxury rugs and carpets market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally, along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the luxury rugs and carpets market from both demand and supply side. Further, it evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions, namely, North America, Europe, APAC, MEA, and South America, after evaluating political, economic, social, and technological factors affecting the luxury rugs and carpets market in these regions.

MARKET PLAYERS

The report covers vital developments in the luxury rugs and carpets market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from the luxury rugs and carpets market are anticipated to lucrative growth opportunities in the future with the rising demand for luxury rugs and carpets in the global market. Below mentioned is the list of few companies engaged in the luxury rugs and carpets market.

 
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the luxury rugs and carpets market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Mohawk Industries Inc.
  
•   PERENNIALS
  
•   ABINGDON FLOORING LTD.
  
•   Tai Ping Carpets International Limited
  
•   Mannington Commercial
  
•   GG Bailey
  
•   Americo Manufacturing.
  
•   Ranco Industries,
  
•   M+A Matting
  
•   The Rug Company
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the current study.

Luxury Rugs & Carpets Report Scope

Report Attribute	Details
Market size in 2023	US$ XX Million
Market Size by 2031	US$ XX Million
Global CAGR (2023 - 2031)	XX%
Historical Data	2021-2022
Forecast period	2024-2031
Segments Covered	By Product Type Floor mats Carpet By Application Commercial Residential
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Mohawk Industries Inc. PERENNIALS ABINGDON FLOORING LTD. Tai Ping Carpets International Limited Mannington Commercial GG Bailey Americo Manufacturing. Ranco Industries, M+A Matting