Area Rugs Market Scope, Analysis, and Trends by 2028
Area Rugs Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2022 | US$ 11.35 Billion |
Market Size by 2028 | US$ 15 Billion |
Global CAGR (2022 - 2028) | 4.8% |
Historical Data | 2020-2021 |
Forecast period | 2023-2028 |
Segments Covered |
By Type
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Regions and Countries Covered | North America
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Market leaders and key company profiles |
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.