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Decorative Rugs Market Size, Share, Growth Report 2033
Decorative Rugs Market Size
As per the report, the decorative rugs market size has grown strongly in recent years. It will grow from $3.55 billion in 2023 to $3.8 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The decorative rugs market size is expected to see strong growth in the next few years. It will grow to $5.03 billion in 2028 at a compound annual growth rate (CAGR) of 7.3%.
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What Is Driving The Growth Of The Global Decorative Rugs Market?
Growing Focus On Home Decor And Interior Design Boosts Decorative Rug Market
The growing emphasis on home decor and interior design is expected to propel the growth of the decorative rug market going forward. Home decor and interior design focus on improving indoor spaces to create a more attractive and functional environment, involving choices in color, furniture, and layout to suit personal tastes and needs. The surge in home decor and interior design is driven by a desire to customize living spaces, higher disposable incomes, and social media trends featuring elegant interiors. Decorative rugs contribute to home decor and interior design by introducing color, texture, and warmth, defining areas, offering comfort, and either standing out or blending with other furniture.
What Is The Key Trend In The Global Decorative Rugs Market?
Innovative Advancements In The Decorative Rugs Market
Major companies operating in the decorative rugs market are focusing on innovative weaving techniques and designs such as hand-knotted braided design to gain a competitive advantage. A hand-knotted braided design is a rug style where knots are tied by hand and braided details are added for extra texture and pattern.
How Is The Global Decorative Rugs Market Segmented?
The decorative rugs market covered in this report is segmented -
1) By Product: Hand-Knotted Rugs, Hand-Tufted Rugs, Machine-Made Rugs, Flatweave Rugs, Other Products
2) By Material: Wool, Nylon, Cotton, Polyester, Jute, Other Materials
3) By Distribution Channel: Wholesalers Or Distributors, Hyper markets Or Super markets, Specialty Stores, Online Retailers, Other Distribution Channels
4) By Application: Residential, Commercial
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How Is The Competitive Landscape Of The Global Decorative Rugs Market?
Major companies operating in the decorative rugs market are Mohawk Industries, Shaw Industries Group Inc., Milliken Co, Tarkett Group, Oriental Weavers, Balta Rugs NV, Safavieh Inc., The Dixie Group, Surya Inc., Nourison Co, COURISTAN Inc., Loloi Rugs, Colonial Mills Inc., Capel Rugs, Jaipur Living Inc., Dalyn Rugs Co, Momeni Rugs Inc., Kaleen Rugs Inc., Samad Rugs, Harounian Rugs International, Tamarian, EXQUISITE RUGS
Contents Of The Global Decorative Rugs Market
1. Executive Summary
2. Decorative Rugs Market Report Structure
3. Decorative Rugs Market Trends And Strategies
4. Decorative Rugs Market - Macro Economic Scenario
5. Decorative Rugs Market Size And Growth
…..
27. Decorative Rugs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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