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 innovative rugs cater to the need for hygiene in outdoor and public worship places. With unique designs enabling easy portability, they have gained significant popularity in Europe, particularly in Turkey, where Duaser of Turkey pioneered their production. India and China have emerged as key manufacturing hubs, with Sandex Rugs and Carpets and H and Z International Trade Company leading the way. These rugs offer a practical solution for use in hospitals, hotels, mosques, airports, and shopping malls prayer rooms. 

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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, including wool, silk, cotton, jute, bamboo, synthetic, handmade, and machine-made rugs. There are also 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 rugs, and rug accessories such as layering, placement, underlay, pads, and protectors.

Market Research Overview

The Area Rugs market is a significant segment of the larger global home furnishings industry, encompassing companies involved in the manufacturing and marketing 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 items. The growth of the global home furnishings market is influenced by several factors, including the surge in residential and commercial construction projects, the increasing focus on infrastructure development, and the rising number of renovation initiatives in key markets such as the United States, China, and India. These trends are expected to boost demand for new furniture and furnishings, including area rugs, in the coming years.. 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/