Transformative Trends Impacting the Decorative Rugs Market Landscape: Innovative Advancements In The Decorative Rugs Market

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

How Large Will the Decorative Rugs Market Size By 2025?
In recent times, there has been significant growth in the market size of decorative rugs. The market is projected to escalate from a value of $3.8 billion in 2024, flourishing to $4.08 billion in 2025, indicative of a compound annual growth rate (CAGR) of 7.4%. This past growth can be linked to various elements such as the surge in the e-commerce industry, the climbing demand for home renovations, the rise in disposable incomes, heightened consumer awareness of economic growth, and the growth in consumer preferences.

How Big Is the Decorative Rugs Market Size Expected to Grow by 2029?
The market size for decorative rugs is projected to experience robust expansion in the imminent years, surging to $5.39 billion in 2029 with a CAGR of 7.2%. The anticipated growth during the forecast period is attributed to factors like heightened awareness about the significance of interior design, increased spending during holidays, a growing preference for eco-friendly products, improved access to decorative rugs, and enhanced convenience for consumers. The forecast period will also see major trends such as the creation of novel materials and designs, embracing of sustainable and eco-friendly materials, innovations in technological smart rugs, and a heightened demand for sturdy, weather-resistant rugs.

View the full report here:
https://www.thebusinessresearchcompany.com/report/decorative-rugs-global-market-report

Which Key Market Drivers Powering Decorative Rugs Market Expansion and Growth?
The escalating focus on home decoration and interior styling is predicted to drive the progression of the decorative rug industry. The central theme of home decoration and interior styling lies in enhancing the aesthetics of indoor areas to craft a pleasing and pragmatic surrounding. This involves selecting hues, furniture, and setup in accordance to individual preferences and requirements. The increase in home decoration and interior styling is motivated by the desire to personalize homes, increased available income, and trending social media portraying tasteful interiors. Decorative rugs add to home decor and interior design by infusing color, texture, and warmth, demarcating spaces, providing coziness, and either being a standout or harmonizing with other furnishing items. For instance, the Furniture Industry Research Association, a furniture association located in the UK, reported that the UK furniture and furnishings sector attained a total manufacturing turnover of £11.35 billion ($14.69 billion) in 2022, signifying a 10% increase from the prior year, in statistics released in March 2024. Therefore, the amplified focus on home decor and interior styling propels the decorative rug industry forward.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18330&type=smp

Which Fast-Growing Trends Are Poised to Disrupt the Decorative Rugs Market?
Key players in the decorative rugs market are honing innovative weaving techniques and designs like the hand-knotted braided design to cement their competitive edge. The hand-knotted braided design is a method where knots are tied manually, with braided details incorporated to enhance texture and pattern. Illustratively, Capel Rugs, a rug producer based in the US, introduced the Aria wool rug collection in July 2023. These hand-knotted Aria rugs boast geometric and bohemian-inspired designs, and are fashioned in India using natural, undyed wool, presenting a high-low profile.

What Are the Emerging Segments in the Decorative Rugs Market?
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, Hypermarkets Or Supermarkets, Specialty Stores, Online Retailers, Other Distribution Channels
4) By Application: Residential, Commercial

Subsegments:
1) By Hand-Knotted Rugs: Traditional Hand-Knotted Rugs, Contemporary Hand-Knotted Rugs
2) By Hand-Tufted Rugs: Wool Hand-Tufted Rugs, Synthetic Hand-Tufted Rugs, Cotton Hand-Tufted Rugs
3) By Machine-Made Rugs: Nylon Machine-Made Rugs, Polyester Machine-Made Rugs, Wool Machine-Made Rugs, Polypropylene Machine-Made Rugs
4) By Flatweave Rugs: Cotton Flatweave Rugs, Wool Flatweave Rugs, Synthetic Flatweave Rugs
5) By Other Products: Shag Rugs, Braided Rugs, Outdoor Rugs, Carpet Tiles

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=18330&type=smp

Who Are the Global Leaders in the 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

Which are the Top Profitable Regional Markets for the Decorative Rugs Industry?
North America was the largest region in the decorative rugs market in 2023. The regions covered in the decorative rugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=18330

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.