2025-2034 Decorative Rugs Market Evolution: Disruptions, Innovations, and Untapped Opportunities

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What Is the Expected CAGR for the Decorative Rugs Market Through 2025?
The decorative rugs market has seen steady growth in recent times. It is expected to grow from $3.8 billion in 2024 to $4.04 billion in 2025 at a CAGR of 6.3%. Growth in the earlier years was driven by the expansion of e-commerce, surging home renovation activities, higher disposable incomes, consumer awareness supported by economic growth, and evolving buyer preferences.

What's the Projected Size of the Global Decorative Rugs Market by 2029?
The market for decorative rugs is forecasted to experience robust growth in the coming years, with an expected valuation of $5.29 billion by 2029 and a compound annual growth rate (CAGR) of 7.0%. This anticipated growth during the forecast period is due to several factors including heightened awareness of interior design's importance, a rise in holiday spending, a growing preference for sustainable products, and improved availability and convenience of decorative rugs for consumers. Key trends projected for this period include the use and development of innovative materials and designs, a shift towards sustainability and eco-friendly materials, technological advancements in the form of smart rugs, and an increasing demand for durable and weather-resistant rugs.

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Top Growth Drivers in the Decorative Rugs Industry: What's Accelerating the Market?
The decorative rug market is predicted to grow due to the increasing emphasis on home decor and interior design. Home decor and interior design aim to enhance indoor environments by taking into consideration color choices, furniture selection, and layout based on individual preferences and necessities. This surge in attention towards home decor and interior design is fueled by the desire to personalize living areas, increased disposable income, and social media trends showcasing sophisticated interiors. Decorative rugs augment home decor and interior design by providing color, texture, warmth, defining spaces, furnishing comfort, and considering the harmony or contrast with other furniture. For instance, per the Furniture Industry Research Association, a UK-based furniture association, the UK furniture and furnishings sector achieved a manufacturing turnover of £11.35 billion ($14.69 billion) in 2022 which reflects a 10% increase from the previous year, in March 2024. Consequently, the rising emphasis on home decor and interior design is propelling the decorative rug market.

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What Trends Will Shape the Decorative Rugs Market Through 2029 and Beyond?
Prominent enterprises in the decorative rugs market are concentrating on ground-breaking weaving methods and patterns such as hand-knotted braided design to attain a competitive edge. The hand-knotted braided design is a rug style that involves manually tied knots complemented with braided details to incorporate additional texture and pattern. For example, Capel Rugs, an American rug manufacturing establishment, unveiled the Aria wool rug collection in July 2023. These hand-knotted Aria rugs exhibit geometric and bohemian-influenced designs, skilfully made in India from all-natural undyed wool presenting a high-low profile.

What Are the Main 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

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Which Top Companies are Driving Growth 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 Regions Will Dominate the Decorative Rugs Market Through 2029?
North America was the largest region in the decorative rugs market in 2024. The regions covered in the decorative rugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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