Area Rugs Market is predicted to reach USD 20.09 billion at a CAGR of 5.00% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Area Rugs Market”.

The Area Rugs Market is estimated to register a CAGR of 5.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Area Rugs Market— Bukhara Carpets, Justina Blakeney x Loloi, The Dixie Group, The Natural Carpet Company, Milliken & Company, Balta Industries, BRINTON AGNELLA, Bella Dura, Shaw Industries, Haroun Ian Rugs International.

Area Rugs Market Highlights

The global Area Rugs Market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 20.09 billion by 2032.

The purchasing power of citizens in Asia-Pacific nations is increased by the rise in disposable income. Spending on luxuries, comforts, and lifestyle goods has increased. The demand for area rugs rises as a result of customers' changing spending habits and increased purchasing power. The current home renovation trend and shifting lifestyles are contributing factors to the area rug market's expansion. The availability of contemporary home renovations and changes in lifestyle have led individuals to choose opulent-looking area rugs to improve the visual appeal of their homes. The need for the product is raised by the use of smart area rugs in workplaces, hotels, and other similar industries.

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Segment Analysis

The global Area Rugs Market has been segmented based on Type, Application, and Distribution Channel.

Based on Type, the market is segmented into Wool Area Rugs, Synthetics Area Rugs, Sisal, Jute & Sea Grass Area Rugs, Animal Skins Area Rugs, Silk Area Rugs, Cotton Area Rugs, and Others. The Synthetics Area Rug segment was attributed to holding the largest market share in 2023 due to the predominance of customers as they are stain-resistant, durable, and cheap. The synthetic fabric comprises nylon, olefin, polyester, and others. These materials dry fast, have a fair strength, and have less absorbency. On the other hand, such materials are also characterized by their lasting power and can be thus used for various areas with high traffic: corridors, stairs, etc.

Based on the Application, the Area Rugs Market has been segmented into Commercial and Residential. The Residential segment was expected to hold the largest market share in 2023 due to the rising trend of carpeting in the house to beautify the environment with different patterns and color tones. The growing popularity of home remodeling, together with the felt need to get rid of discarded or worn rugs and carpets, is creating and bringing more demand from buyers. Increasing adoption of carpets to control accidents and provide children with a risk-free play surface is fueling the market growth.

Based on the Distribution Channel, the Area Rugs Market has been segmented into Online, and Offline. The growing adoption of specialized Area Rugs is attributed to their ability to precisely deliver drugs by either overfilling or underfilling, a crucial factor contributing to their popularity among users. Furthermore, factors like the expanding use of injectables for drug delivery and a rising preference for self-administration are significant drivers propelling the growth of the specialized syringe market globally.

Regional Analysis

The global Area Rugs Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Area Rugs Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Area rug market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The rest of the world's rug market comprises the Middle East, Africa, and Latin America.

The largest market share for the Area Rugs Market was maintained by the North American regional sector. In recent years, the United States has been a major contributor to the development of carpets and rugs, primarily through the high rate of expansion of housing and construction projects. The construction spending rate during February of 2024 was estimated at an annual rate of millions seasonally adjusted, with an increase of 0.3 % over the former rate of (±0.8 percent). The seasonally adjusted annual rate of residential construction for February stood at $901.1 billion and was 0.7 percent (±1.3 percent) higher than the revised January estimate of $894.5 billion. In the U. S., there is a high demand for carpets and rugs, mainly from consumers; this creates growing trends.

Moreover, the Europe market has been persistently growing over the forecast period. Europe is anticipated to develop enormously as a consequence of increased demand for environment-friendly & eco-carpet products and the rising popularity of outdoor surface rugs. Germany is the most significant power in the region's development because of the spurred of residential property and provision of facilities like production sites and business offices. In Q2 of 2023, the HF index in the EU rose by 0.3% from the first quarter of the same year, while the RI increased by 0.7%. Concerning the euro area, unadjusted production in the construction industry increased by 0.8% over the December 2023 figures, compared with the November 2023 ones, while in the EU, seasonally adjusted production in the construction sector grew by 1.3% in December 2023 concerning November 2023, referring to data provided by Eurostat. Due to the growing need for the use of products as consumers become more inclined towards the use of contrasting colors, asymmetrical and attractive unique designs of the products are likely to increase the product demand in this region.

The main factors driving the market in the Asia Pacific region include the rise in per capita revenues, the increasing number of residential and commercial construction projects, and office spaces using carpet tiles as the major floor covering options. By 2030, possibly 70% of India’s GDP production will likely be made in cities (MGI, 2011). The NIP has a budget for infrastructure investment worth $1.4 Trillion, of which 24% is going to renewable energy, 18% to roads & highways, 17% to urban infrastructure, and 12% to railways. It is estimated that the demand for real estate will exceed 15-18 Mn sq. ft. by a year till 2025 in the major cities.

Furthermore, the rest of the world's Area rug market is divided into the Middle East, Africa, and Latin America. The growth in these regions is fueled by customers' preference for home decoration and modernization, especially in Brazil and Mexico. The market is also driven by the ever-booming tourism industry in the region, which has noted an increase in hotel and resort trends. For the same period, during the first seven months of 2023 in the Middle East, international arrivals grew by 20.3% compared to the same period in 2019, including the UN World Tourism Organization (UNWTO). In the first quarter of 2023, Saudi Arabia has accumulated the highest rise of international tourism receipts (151%) than ever before received in 2019.

Key Findings of the Study

• The global Area rug market is expected to reach USD 20.09 billion by 2032, at a CAGR of 5.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the progressively improving economic growth, high living standards, and developing distribution network in India.


• Based on Type, the Synthetics Area Rug segment was attributed to holding the largest market in 2023.


• Bukhara Carpets, Justina Blakeney x Loloi, The Dixie Group, The Natural Carpet Company, Milliken & Company, Balta Industries, BRINTON AGNELLA, Bella Dura, Shaw Industries, and Haroun Ian Rugs International are the key market players.