[Research Report] The area rugs market size is expected to grow from US$ 11.35 billion in 2022 to US$ 15.00 billion by 2028; it is estimated to register a CAGR of 4.8% from 2023 to 2028.
Market Insights and Analyst View:
Area rugs are typically used to decorate and enhance homes and cover floors in residential and commercial settings. Area rugs come in two different varieties: those created by machines and those that are handmade. They come in various designs, sizes, shapes, and colors and are typically constructed of wool, cotton, nylon, polypropylene, polyester, jute, silk, sisal, and seagrass. The area rugs market is a significant segment within the broader home decor industry. Area rugs are versatile and functional decorative pieces that add warmth, style, and comfort to various spaces, including living rooms, bedrooms, dining areas, and offices. The area rugs market has experienced steady development in recent years, driven by increasing disposable income, urbanization, and a growing emphasis on home aesthetics. Consumers are increasingly investing in home decor to enhance the visual appeal and create a cozy atmosphere in their living spaces, driving the demand for area rugs. With the growing awareness of environmental concerns, consumers seek rugs made from natural and organic materials, such as wool, cotton, jute, or bamboo. Online retail channels have also played a significant role in the area rugs market growth, providing consumers with convenient access to a wide selection of area rugs from local and international suppliers.
Market Driver and Challenges:
The growing emphasis on home aesthetics has become a significant driving force behind expanding the area rugs market growth. In recent years, homeowners and renters have placed increasing importance on creating visually appealing living spaces that reflect their style and taste. Area rugs offer a versatile and functional solution to elevate the aesthetics of any space. By incorporating a carefully chosen area rug, individuals can transform a space's ambiance and visual interest, creating a more inviting and stylish environment. With an extensive range of designs, shapes, sizes, and materials, consumers can select rugs that align with their unique style preferences and seamlessly complement their existing furniture and decor. Social media platforms and interior design websites also contribute to the growing demand for area rugs. Platforms such as Instagram and Pinterest showcase beautifully styled homes, inspiring consumers to recreate similar aesthetics in their spaces. Area rugs often feature prominently in these visually appealing setups, making them highly desirable among consumers seeking a trendy and well-curated interior design. Hence, the
However, one factor affecting the global area rugs market growth is the limited consumer awareness. Limited consumer awareness acts as a restraint in the area rugs market due to its impact on area rugs demand and purchasing decisions. When consumers are unaware of the benefits, versatility, and potential of area rugs, they may need to pay more attention to their value in enhancing their living spaces. Additionally, limited consumer awareness can result in a missed opportunity for manufacturers and retailers to educate and inform consumers about the wide range of rug options available, various materials and styles, and how area rugs can transform and elevate their home aesthetics. By addressing this restraint through effective marketing strategies, product information dissemination, and showcasing the benefits of area rugs, the market can overcome the limited consumer awareness barrier and unlock its growth potential in the area rugs market.
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Area Rugs Market: Strategic Insights
Market Size Value in US$ 11.35 billion in 2022 Market Size Value by US$ 15.00 billion by 2028 Growth rate CAGR of 4.8% from 2023 to 2028 Forecast Period 2023-2028 Base Year 2022
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Area Rugs Market: Strategic Insights
| Market Size Value in | US$ 11.35 billion in 2022 |
| Market Size Value by | US$ 15.00 billion by 2028 |
| Growth rate | CAGR of 4.8% from 2023 to 2028 |
| Forecast Period | 2023-2028 |
| Base Year | 2022 |
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Report Segmentation and Scope:
Based on type, the global area rugs market is segmented into wool, nylon, synthetic fibers, and others. Based on end use, the global area rugs market is segmented into residential and nonresidential.
Segmental Analysis:
Based on end use, the global area rugs market is segmented into residential and non-residential. In 2022, the residential segment dominated the area rugs market. The residential segment holds a larger share in the area rugs market due to various factors. Residential properties represent a significant portion of the real estate market, leading to a higher demand for home decor. Homeowners and renters prioritize personalizing their living spaces; area rugs are vital in adding warmth and style. Residential consumers also tend to invest in durable, long-lasting rugs. The growing popularity of home renovation activities further drives the demand for area rugs in the residential sector. These factors collectively contribute to the residential segment's dominance, resulting in area rugs market growth.
Regional Analysis:
Based on geography, the global area rugs market is divided into five key regions: North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.
North American region held a substantial share of the global area rugs market, having revenue above $ 4 billion in 2022. In the region, rising construction and home decoration & renovation activities in residential and commercial projects drive the demand for area rugs as they are often used to enhance flooring aesthetics. Consumers in North America often spend on area rugs owing to their design benefits.
The Europe area rugs market is expected to reach revenue of more than $3 billion in 2028. Due to rising spending by constructors, growing residential housing construction activities in European countries such as the UK, France, and Russia are expected to increase the demand for flooring aesthetics, including area rugs, during the forecast period.
The Asia Pacific area rugs market is expected to grow at a CAGR above 5%. In Asia Pacific, the construction industry is expected to be driven by high spending on commercial sector development. Asia Pacific is the world’s largest region in terms of infrastructure investment. Increased commercial projects in emerging countries such as India, China, Indonesia, Vietnam, and the Philippines will positively contribute to the area rugs market growth.
COVID-19 Impact:
The COVID-19 pandemic has had a significant impact on the area rugs market. Initially, the market faced significant disruptions due to lockdown measures, supply chain disruptions, and reduced consumer spending. As people spent more time at home during lockdowns and work-from-home arrangements, the demand for home decor, including area rugs, initially declined as consumers prioritized essential purchases. As a result, there was a resurgence in demand for area rugs as people turned to home improvement projects and sought to enhance the ambiance of their surroundings. Area rugs were a way to delineate and visually enhance the designated workspace, providing a sense of separation from the rest of the home environment. The pandemic also accelerated the shift toward online shopping. With restrictions on physical retail and safety concerns, consumers increasingly turned to online platforms to purchase area rugs. This led to a significant surge in e-commerce sales within the market. However, the pandemic also brought challenges to the area rugs market growth. Supply chain disruptions, including factory closures and transportation constraints, affected the production and availability of rugs. Economic uncertainties and job losses also impacted consumer purchasing power, leading to cautious spending and a shift toward more affordable options.
Area Rugs Market Report Scope
Industry Developments and Future Opportunities:
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the area rugs market. A few recent key market developments are listed below:
- In Apr 2023, Capel Inc released a new wool rug collection featuring different colorations, textures, and braids. This product is available in 4 colors, i.e., black/white, ivory, natural and beige, and in four sizes – 3’ x 5’, 5’ x 8’, 8’ x 10’, and 9’ x 12’.
- In October 2021, Kaleen expanded area rugs' broadloom designs and styling options. Customers can choose from any of the company’s broadloom options, including new styles from all four lines–Kaleen Broadloom, Hook & Beam, Pure Life, and Home and Porch.
- In August 2022, Cali Bamboo, LLC launched Cali Rugs, a new collection of area rugs, designed to complement the Omni-channel company’s flooring and decking. The Cali rugs collection contains an array of colors and patterns, largely drawing upon classic neutrals that are easy to incorporate into existing designs.
Competitive Landscape and Key Companies:
The area rugs market analysis consists of players such as Dalyn Rug Co, Sams International Inc, Riztex USA Inc, Amer Rugs Inc, Capel Inc, Nodi Handmade Rugs Ltd, Riviere Rugs Ltd, Maa Collections, Faze Three Ltd, and Golden Carpets Ltd.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and End-Use
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The residential segment held the largest share of the global area rugs market in 2022. There is increasing demand for area rugs from the residential sector as these have become an integral part of modern interior design and home decor trends.
The projected growth of the market is attributed to the strong growth of residential construction sector and increasing use of area rugs in interior designs.
Asia Pacific is estimated to register the fastest CAGR in the global area rugs market over the forecast period. In Asia Pacific, the construction industry is expected to be driven by high spending on the development of the commercial sector. Asia Pacific is the world’s largest region in terms of infrastructure investment. An increase in commercial projects in emerging countries such as India, China, Indonesia, Vietnam, and the Philippines will positively contribute to the market growth.
The key players operating in the global area rugs market include include Dalyn Rug Co, Sams International Inc, Riztex USA Inc, Amer Rugs Inc, Capel Inc, Nodi Handmade Rugs Ltd, Riviere Rugs Ltd, Maa Collections, Faze Three Ltd, and Golden Carpets Ltd.
The synthetic fiber segment held the largest share in the global area rugs market in 2022. Synthetic fiber area rugs are made from artificial fibers. These fibers are specifically engineered to mimic the appearance and texture of natural fibers while offering additional benefits such as increased durability, stain resistance, and affordability. Standard synthetic fibers used in area rugs include nylon, polyester, acrylic, and polypropylene.
In 2022, North America held the largest share of the global area rugs market. The US is a major contributor to the market growth in North America. The rising construction of new residential and commercial buildings have created a demand for area rugs, as these spaces often require floor coverings for both functional and decorative functionalities.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Area Rugs Market, by Type
1.3.2 Area Rugs Market, by End Use
1.3.3 Area Rugs Market, by Geography
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Area Rugs Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3 Expert Opinion
5. Global Area Rugs Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Strong Growth of Residential Construction Sector
5.1.2 Increasing Use of Area Rugs in Interior Designs
5.2 Market Restraint
5.2.1 Availability of Substitute Products
5.3 Market Opportunity
5.3.1 New Product Launches and Product Innovations
5.4 Future Trend
5.4.1 Surging Demand for Area Rugs Made from Natural Fibers
5.5 Impact Analysis
6. Area Rugs– Global Market Analysis
6.1 Global Area Rugs Market Overview
6.2 Global Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
6.3 Competitive Positioning – Key Market Players
7. Global Area Rugs Market Analysis – By Type
7.1 Overview
7.2 Global Area Rugs Market, By Type (2022 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Nylon
7.4.1 Overview
7.4.2 Nylon: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Synthetic Fibers
7.5.1 Overview
7.5.2 Synthetic Fibers: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8. Global Area Rugs Market Analysis – By End Use
8.1 Overview
8.2 Global Area Rugs Market, By End Use (2022 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Nonresidential
8.4.1 Overview
8.4.2 Nonresidential: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
9. Global Area Rugs Market – Geographic Analysis
9.1 Overview
9.2 North America: Area Rugs Market
9.2.1 North America: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.2.2 North America: Area Rugs Market, by Type
9.2.3 North America: Area Rugs Market, by End Use
9.2.4 North America: Area Rugs Market, by Key Country
9.2.4.1 US: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.2.4.1.1 US: Area Rugs Market, by Type
9.2.4.1.2 US: Area Rugs Market, by End Use
9.2.4.2 Canada: Area Rugs Market–Revenue and Forecast to 2028 (Kilo Tons)
9.2.4.2.1 Canada: Area Rugs Market, by Type
9.2.4.2.2 Canada: Area Rugs Market, by End Use
9.2.4.3 Mexico: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.2.4.3.1 Mexico: Area Rugs Market, by Type
9.2.4.3.2 Mexico: Area Rugs Market, by End Use
9.3 Europe: Area Rugs Market
9.3.1 Europe: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.3.2 Europe: Area Rugs Market, by Type
9.3.3 Europe: Area Rugs Market, by End Use
9.3.4 Europe: Area Rugs Market, by Key Country
9.3.4.1 Germany: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.3.4.1.1 Germany: Area Rugs Market, by Type
9.3.4.1.2 Germany: Area Rugs Market, by End Use
9.3.4.2 France: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.3.4.2.1 France: Area Rugs Market, by Type
9.3.4.2.2 France: Area Rugs Market, by End Use
9.3.4.3 Italy: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.3.4.3.1 Italy: Area Rugs Market, by Type
9.3.4.3.2 Italy: Area Rugs Market, by End Use
9.3.4.4 United Kingdom: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.3.4.4.1 United Kingdom: Area Rugs Market, by Type
9.3.4.4.2 United Kingdom: Area Rugs Market, by End Use
9.3.4.5 Russia: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.3.4.5.1 Russia: : Area Rugs Market, by Type
9.3.4.5.2 Russia: : Area Rugs Market, by End Use
9.3.4.6 Rest of Europe: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.3.4.6.1 Rest of Europe: Area Rugs Market, by Type
9.3.4.6.2 Rest of Europe: Area Rugs Market, by End Use
9.4 Asia Pacific: Area Rugs Market
9.4.1 Asia Pacific: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.4.2 Asia Pacific: Area Rugs Market, by Type
9.4.3 Asia Pacific: Area Rugs Market, by End Use
9.4.4 Asia Pacific: Area Rugs Market, by Key Country
9.4.4.1 Australia: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.1.1 Australia: Area Rugs Market, by Type
9.4.4.1.2 Australia: Area Rugs Market, by End Use
9.4.4.2 China: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.2.1 China: Area Rugs Market, by Type
9.4.4.2.2 China: Area Rugs Market, by End Use
9.4.4.3 India: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.3.1 India: Area Rugs Market, by Type
9.4.4.3.2 India: Area Rugs Market, by End Use
9.4.4.4 Japan: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.4.1 Japan: Area Rugs Market, by Type
9.4.4.4.2 Japan: Area Rugs Market, by End Use
9.4.4.5 South Korea: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.5.1 South Korea: Area Rugs Market, by Type
9.4.4.5.2 South Korea: Area Rugs Market, by End Use
9.4.4.6 Rest of Asia Pacific: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.4.4.6.1 Rest of Asia Pacific: Area Rugs Market, by Type
9.4.4.6.2 Rest of Asia Pacific: Area Rugs Market, by End Use
9.5 Middle East and Africa: Area Rugs Market
9.5.1 Middle East and Africa: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.5.2 Middle East and Africa: Area Rugs Market, by Type
9.5.3 Middle East and Africa: Area Rugs Market, by End Use
9.5.4 Middle East and Africa: Area Rugs Market, by Key Country
9.5.4.1 South Africa: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.1.1 South Africa: Area Rugs Market, by Type
9.5.4.1.2 South Africa: Area Rugs Market, by End Use
9.5.4.2 Saudi Arabia: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.2.1 Saudi Arabia: Area Rugs Market, by Type
9.5.4.2.2 Saudi Arabia: Area Rugs Market, by End Use
9.5.4.3 UAE: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.3.1 UAE: Area Rugs Market, by Type
9.5.4.3.2 UAE: Area Rugs Market, by End Use
9.5.4.4 Rest of Middle East and Africa: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.5.4.4.1 Rest of Middle East and Africa: Area Rugs Market, by Type
9.5.4.4.2 Rest of Middle East and Africa: Area Rugs Market, by End Use
9.6 South & Central America: Area Rugs Market
9.6.1 South & Central America: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.6.2 South & Central America: Area Rugs Market, by Type
9.6.3 South & Central America: Area Rugs Market, by End Use
9.6.4 South & Central America: Area Rugs Market, by Key Country
9.6.4.1 Brazil: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.1.1 Brazil: Area Rugs Market, by Type
9.6.4.1.2 Brazil: Area Rugs Market, by End Use
9.6.4.2 Argentina: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.2.1 Argentina: Area Rugs Market, by Type
9.6.4.2.2 Argentina: Area Rugs Market, by End Use
9.6.4.3 Rest of South & Central America: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.6.4.3.1 Rest of South & Central America: Area Rugs Market, by Type
9.6.4.3.2 Rest of South & Central America: Area Rugs Market, by End Use
10. Impact of COVID-19 Pandemic on Global Area Rugs Market
10.1 Impact of COVID-19 Pandemic on Area Rugs Market
10.2 North America: Impact Assessment of COVID-19 Pandemic
10.3 Europe: Impact Assessment of COVID-19 Pandemic
10.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.5 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.6 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 Dalyn Rug Co
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Sams International Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Riztex USA Inc
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Amer Rugs Inc
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Capel Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Nodi Handmade Rugs Ltd
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Riviere Rugs Ltd
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Maa Collections
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Faze Three Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Golden Carpets Ltd
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. Global Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Global Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Global Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. North America Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. North America Area Rugs Market, by End Use– Revenue and Forecast to 2028 (US$ Million)
Table 6. US Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. US Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. Mexico Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. Mexico Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 12. Europe Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million
Table 13. Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. Germany Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 15. Germany Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. France Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 20. United Kingdom Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. United Kingdom Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia : Area Rugs Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia : Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 26. Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 27. Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 28. Australia Area Rugs Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 29. Australia Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 30. China Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 31. China Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 32. India Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. India Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 34. Japan Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 35. Japan Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 36. South Korea Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. South Korea Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 38. Rest of Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 39. Rest of Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 40. Middle East and Africa Area Rugs Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 41. Middle East and Africa Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 42. South Africa Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 44. Saudi Arabia Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. Saudi Arabia Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 46. UAE Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 47. UAE Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of Middle East and Africa: Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of Middle East and Africa: Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 50. South & Central America Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 51. South & Central America Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 52. Brazil Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. Brazil Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 54. Argentina Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 55. Argentina Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 56. Rest of South & Central America Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Rest of South & Central America Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 58. Glossary of Terms, Global Area Rugs Market
LIST OF FIGURES
Figure 1. Global Area Rugs Market Segmentation
Figure 2. Global Area Rugs Market Segmentation – By Geography
Figure 3. Global Area Rugs Market Overview
Figure 4. Global Area Rugs Market, By End Use
Figure 5. Global Area Rugs Market, by Geography
Figure 6. Global Area Rugs Market, Key Market Players
Figure 7. North America - Pest Analysis
Figure 8. Europe - Pest Analysis
Figure 9. Asia-Pacific - Pest Analysis
Figure 10. Middle East and Africa - Pest Analysis
Figure 11. South and Central America - Pest Analysis
Figure 12. Expert Opinion
Figure 13. Global Area Rugs Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Global Area Rugs Market
Figure 15. Global Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Global Area Rugs Market: Key Players
Figure 17. Global Area Rugs Market Revenue Share, By Type (2022 and 2028)
Figure 18. Wool: Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 19. Nylon: Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 20. Synthetic Fibers: Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 21. Others: Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 22. Global Area Rugs Market Revenue Share, By End Use (2022 and 2028)
Figure 23. Residential: Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 24. Nonresidential: Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 25. Global Area Rugs Market Revenue Share, by Region (2022 and 2028)
Figure 26. North America: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Area Rugs Market Revenue Share, by Type (2022 and 2028)
Figure 28. North America: Area Rugs Market Revenue Share, by End Use (2022 and 2028)
Figure 29. North America: Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 30. US: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Area Rugs Market– Revenue and Forecast to 2028 (US$ Million)
Figure 34. Europe: Area Rugs Market Revenue Share, by Type (2022 and 2028)
Figure 35. Europe: Area Rugs Market Revenue Share, by End Use (2022 and 2028)
Figure 36. Europe: Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 37. Germany: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 38. France: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 39. Italy: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 40. United Kingdom: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 41. Russia: Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of Europe: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 43. Asia Pacific: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. Asia Pacific: Area Rugs Market Revenue Share, by Type (2022 and 2028)
Figure 45. Asia Pacific: Area Rugs Market Revenue Share, by End Use (2022 and 2028)
Figure 46. Asia Pacific: Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 47. Australia: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 48. China: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 49. India: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 50. Japan: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 51. South Korea: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 52. Rest of Asia Pacific: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 53. Middle East and Africa: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. Middle East and Africa: Area Rugs Market Revenue Share, by Type (2022 and 2028)
Figure 55. Middle East and Africa: Area Rugs Market Revenue Share, by End Use (2022 and 2028)
Figure 56. Middle East and Africa: Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 57. South Africa: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 58. Saudi Arabia: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 59. UAE: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 60. Rest of Middle East and Africa: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 61. South & Central America: Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. South & Central America: Area Rugs Market Revenue Share, by Type (2022 and 2028)
Figure 63. South & Central America: Area Rugs Market Revenue Share, by End Use (2022 and 2028)
Figure 64. South & Central America: Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 65. Brazil: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 66. Argentina: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 67. Rest of South & Central America: Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 68. Impact of COVID-19 Pandemic on Area Rugs Market in North America
Figure 69. Impact of COVID-19 Pandemic on Area Rugs Market in Europe
Figure 70. Impact of COVID-19 Pandemic on Area Rugs Market in Asia Pacific
Figure 71. Impact of COVID-19 Pandemic on Area Rugs Market in Middle East & Africa
Figure 72. Impact of COVID-19 Pandemic on Area Rugs Market in South & Central America
The List of Companies - Area Rugs Market
- Amer Rugs Inc
- Capel Inc
- Dalyn Rug Co
- Faze Three Ltd
- Golden Carpets Ltd.
- Maa Collections
- Nodi Handmade Rugs Ltd
- Riviere Rugs Ltd
- Riztex USA Inc
- Sams International Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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