Latest News- Area Rugs Market: Machine-made area rugs is expected to lead the Product segment during 2025-2029

The Area Rugs Market is being driven by Consumer shift toward interior design

The Area Rugs Market is expected to grow at a CAGR of 3.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4032.7 million. The prayer rug market has witnessed an intriguing development with the introduction of antibacterial and disposable prayer rugs. These rugs, manufactured primarily in Turkey, India, and China by Duaser, Sandex Rugs and Carpets, and H and Z International Trade Company, respectively, address the hygiene concerns prevalent in outdoor and public places of worship. Their innovative design allows for easy transportation to hospitals, hotels, mosques, airports, and shopping malls. These rugs have garnered significant popularity in European markets, particularly Turkey, where they have been among the top-selling rugs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Machine-made area rugs
  • Handmade area rugs
• Application
  • Residential
  • Commercial
• Distribution Channel
  • Offline
  • Online
• Material
  • Nylon
  • Polyester
  • Cotton
  • Wool
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Consumer shift toward interior design
• Growing demand for high-end luxury area rugs
• Growing popularity of omnichannel retailing

However, the market also witnesses some limitations, which are as follows:

• Intense competition from LVTs
• High cost of raw materials
• Complexity in logistics cost

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Market Scope in Area Rugs Market Research Report

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Research Analysis Overview

The Area Rugs Market encompasses various types of rugs, including wool, silk, cotton, jute, bamboo, synthetic, handmade, machine-made, oriental, Persian, Turkish, Moroccan, Indian, modern, contemporary, traditional, vintage, antique, shag, flatweave, kilim, dhurrie, gabbeh, runner, round, rectangular, square, oversized, small, living room, bedroom, dining room, entryway, bathroom, outdoor, rug layering, rug placement, rug underlay, and rug pads. These rugs come in diverse materials, designs, and sizes, catering to different interior decor and functional needs.

Market Research Overview

The Area Rugs market is a significant segment of the larger global home furnishings industry, encompassing manufacturers and marketers of rugs in various sizes, shapes, materials, styles, and colors. According to Technavio's market analysis, the home furnishings market size is determined by the consolidated revenue generated from the sales of consumer electronics, furnishings, decorative products, household appliances, and other homeware products. Factors driving growth in the Area Rugs market include the increasing construction of residential and commercial properties, leading to heightened demand for new and renovated interiors, as well as the rising preference for unique and stylish floor coverings. Key markets for Area Rugs include the United States, China, and India, where the number of construction projects and renovation initiatives continue to expand.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/