This Area Rugs Market report also provides data on patterns, improvements, target business sectors, limits and advancements. Furthermore, this research report categorizes the market by companies, region, type and end-use industry. Trends, analysis, SWOT and regional coverage that is available in report offers market intelligence that help readers in strategic choices that business demands. Moreover, this research can be tweaked to cover specific requirements of a client or completely customized for a particular company. The report covers a list of top traders, distributors, and suppliers of industry with research findings, conclusions, and appendix.
The Area Rugs Market report offers business overview, product overview, Gypsum Boards market share, supply chain analysis, demand and supply ratio and import/export details and examines considerations such as production value, capacity in a statistical format that accurately reveals a comprehendible picture of the Area Rugs Market. Furthermore, all the retrieved information is authorized with the help of primary interviews and questionnaires.
Area rugs market is expected to grow at a compound annual growth rate of 5.00% for the forecast period of 2021 to 2028.
Definition
Area rugs are generally used for covering residential and commercial floors and to beautify and improve the appearance of homes. There are of two types of area rugs such as machine-made and handmade area rugs. They are usually made of wool, cotton, nylon, polypropylene, polyester, jute, silk, sisal, and seagrass and are available in different styles, shapes, sizes, and colors.
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Key Growth Drivers:
The rapid change in consumer buying pattern along with the presence of large scale manufacturers is one of the primary factors driving the area rugs market growth rate. Moreover, the increasing trend of bold, attractive colors and non-geometrical patterns on the area rugs is changing consumer perspective and demand is also fueling the growth of the area rugs market in the forecast period of 2021 to 2028.
Also the market is largely driven by the budding trend such as the adoption of carpet tiles, environmentally friendly carpets and rising preference for contemporary area rugs. While, the rapidly rising spending on new residential construction and technological advancements is one of the major factor driving the growth of the area rugs market in the above mentioned forecast period. Also, the increasing disposable incomes, high growth of real estate and hospitality industries and growing demand for luxury and rising trend of rugs and carpets across the world are highly impacting the growth of the area rugs market. Likewise the rapid increase in the level of disposable income has resulted into better standard of living and high investments in home decor as well as the growing consumer confidence across the world, the thriving housing industry and increasing demand for luxury area rugs are also boosting the growth of the target market. Moreover, the shifting inclination of consumers towards improved interior design is also fueling the market growth in the forecast period of 2021 to 2028. In addition, the increasing popularity of online and omnichannel retailing along with the rising disposable income will further bring various opportunities that will lead to the growth of the area rugs market in the above mentioned forecast period.
However, the easy availability of product alternate will obstruct the growth of the area rugs market in the above mentioned forecast period, whereas the growing competition among key competitors have the potential to challenge the growth of the target market.
The report emphasizes the participation of key entities, notably:
Balta Industries nv, Capel Incorporated, Nourison, Kermans Flooring, Brintons Carpets Limited, Houzz Inc., Agnella, Amar Carpets, Amer Rugs, STEPEVI, Harounian Rugs International, Kalaty, MOHAWK INDUSTRIES INC., Shaw Industries Group, Inc., Saraswatii Global pvt Ltd, The Natural Carpet Company, United Weavers, Inc., Rugsinstyle, ORIENTAL WEAVERS and The Dixie Group Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Area Rugs MarketCompound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Product Type (Wool Area Rug, Silk Area Rug, Cotton Area Rug, Sisal, Jute and Sea Grass Area Rug, Animal Skins Area Rug, Synthetics Area Rug), Application (Residential Use, Commercial Use)
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