Report Code: CMI23759

Published Date: May 2023

Pages: 220+

Category: Homecare & Decor

Report Snapshot

CAGR: 5%
190.15M
2022
200.63M
2023
294.98M
2032

Source: CMI

Study Period: 2024-2033
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Mohawk Industries Inc.
  • Shaw Industries Group Inc.
  • Oriental Weavers Group
  • Nourison Industries
  • Lowe’s Companies Inc.
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global rug market is expected to record a CAGR of 5% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 200.63 million. By 2032, the valuation is anticipated to reach USD 294.98 million.

The rugs market refers to the industry that produces and sells carpets or floor coverings made from various materials such as wool, cotton, silk, jute, nylon, and polypropylene. Rugs can be used for a variety of purposes, including home decor, commercial spaces, and interior design. The rugs market includes manufacturers, wholesalers, and retailers who sell rugs through various channels, such as specialty stores, department stores, e-commerce websites, and online marketplaces.

The market is highly competitive, with several established players competing for market share and differentiating their products through design, material, and sustainability. Factors driving the growth of the rug market include increasing demand for customized and personalized home decor, rising disposable incomes, and the growing popularity of online shopping. However, the market also faces challenges such as the availability of cheaper alternatives, changing consumer preferences, and the impact of economic fluctuations on consumer spending.

Rugs Market – Significant Growth Factors

The rugs market presents significant growth opportunities due to several factors:

  • Rising demand for sustainable and eco-friendly products: With growing environmental concerns, there is an increasing demand for rugs made from natural fibers such as wool, cotton, and jute, or recycled materials. Companies that offer sustainable and eco-friendly rugs have a competitive advantage in the market.
  • Growth of e-commerce: The growth of e-commerce has made it easier for customers to purchase rugs online. Online channels provide greater convenience and accessibility, which has led to increased sales and market penetration.
  • The growing popularity of customized rugs: The demand for customized rugs has increased in recent years as customers seek to add a personal touch to their homes or offices. Companies that offer customizable options have a competitive advantage in the market.
  • Increasing focus on interior design: There is a growing focus on interior design as consumers seek to create unique and aesthetically pleasing living spaces. Rugs play a key role in interior design, providing warmth, texture, and color to a room. This trend is expected to drive the demand for rugs in the coming years.
  • Rising disposable incomes: As disposable incomes rise, consumers have more money to spend on home decor, including rugs. This trend is expected to continue in the future, driving the growth of the rugs market. Overall, the rugs market presents significant growth opportunities for companies that can offer sustainable and eco-friendly products, capitalize on the growth of e-commerce, and meet the increasing demand for customized rugs.

Rugs Market – Mergers and Acquisitions

The rugs market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the rugs market include:

  • Mohawk Industries’ acquisition of Marazzi Group: In 2013, Mohawk Industries, a leading manufacturer of flooring products, acquired the Marazzi Group, a leading producer of ceramic tile. The acquisition expanded Mohawk’s product offerings and market reach, as well as improved its operational efficiency.
  • The Dixie Group’s acquisition of Atlas Carpet Mills: In 2015, The Dixie Group, a leading manufacturer of carpets and rugs, acquired Atlas Carpet Mills, a manufacturer of commercial carpets. The acquisition helped Dixie expand its product offerings and increase its presence in the commercial market.
  • Victoria Carpets’ acquisition of EziFloor: In 2018, Victoria Carpets, a leading manufacturer of carpets and rugs, acquired EziFloor, a manufacturer of carpet tiles. The acquisition helped Victoria Carpets expand its product offerings and strengthen its position in the commercial market.
  • Shaw Industries’ acquisition of US Floors: In 2016, Shaw Industries, a leading manufacturer of flooring products, acquired US Floors, a manufacturer of sustainable flooring products. The acquisition helped Shaw Industries expand its product offerings and capitalize on the growing demand for sustainable flooring products.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the rugs market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Rugs Market Global Carpet Market Global Carpets and Rugs Market
CAGR 5% (Approx) CAGR 4.6%

(Approx)

5.5%

(Approx)

US$ 294.98 million by 2032 USD 97.41 billion by 2032 USD 120 Billion by 2030

Rugs Market – Significant Threats

The rugs market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Competition from cheaper alternatives: The rugs market faces competition from cheaper alternatives such as vinyl flooring, laminate flooring, and carpet tiles. These alternatives can be more cost-effective and easier to install, making them more attractive to some customers.
  • Fluctuations in raw material prices: The cost of raw materials, such as wool and cotton, can fluctuate due to supply and demand factors, weather conditions, and geopolitical tensions. These fluctuations can impact the profitability of rugs manufacturers and increase the price of rugs, potentially reducing demand.
  • Changing consumer preferences: Consumer preferences for rugs can change over time, with some customers preferring different materials, styles, and designs. Companies that fail to adapt to changing preferences may lose market share.
  • Economic fluctuations: Economic fluctuations, such as recessions or downturns, can impact the rugs market. During these periods, consumers may have less disposable income to spend on home decor, which can reduce demand for rugs.
  • Impact of COVID-19: The COVID-19 pandemic has had a significant impact on the rugs market, with disruptions in supply chains, reduced consumer spending, and changes in consumer preferences. The long-term impact of the pandemic on the rugs market is still unclear. Overall, the rugs market faces several significant threats that could impact its growth and profitability. Companies that can adapt to changing consumer preferences, manage raw material costs, and respond to economic and market fluctuations are likely to be more successful in the long term.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 200.63 Million
Projected Market Size in 2032 USD 294.98 Million
Market Size in 2022 USD 190.15 Million
CAGR Growth Rate 5% CAGR
Base Year 2023
Forecast Period 2024-2033
Key Segment By Material Type, Type, Distribution Channels, and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Material Type:

Natural fibers: This category includes materials such as wool, cotton, silk, jute, and others. Wool is the most commonly used natural fiber for making rugs, due to its durability, softness, and insulation properties. Cotton is another popular natural fiber, due to its affordability, softness, and ease of maintenance. Silk is a luxury material that is often used for high-end rugs due to its softness, sheen, and durability. Jute is a natural fiber that is often used for making eco-friendly and sustainable rugs.

Synthetic fibers: This category includes materials such as nylon, polyester, polypropylene, and others. Nylon is a popular synthetic fiber for making rugs due to its durability, stain resistance, and ease of maintenance. Polyester is another synthetic fiber that is often used for making rugs, due to its affordability, softness, and resistance to fading and stains. Polypropylene is a synthetic fiber that is often used for making outdoor rugs due to its resistance to moisture, mildew, and UV rays.

By Distribution Channel:

Online Channels: This includes the sale of rugs through various e-commerce platforms, such as Amazon, Wayfair, and Overstock, as well as through the official websites of rug manufacturers and retailers. Online channels offer the advantage of convenience and accessibility to customers, allowing them to browse and purchase a wide variety of rugs from the comfort of their homes.

Offline Channels: This includes the sale of rugs through physical retail stores, such as department stores, home decor stores, and specialty rug stores. Offline channels offer the advantage of allowing customers to touch and feel the rugs before making a purchase, as well as the opportunity to receive personalized advice from sales associates.

Global Rugs Market 2023–2032 (By Million)

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By Type:

Area Rugs: These are large rugs typically used to cover a significant portion of a room’s floor space. Area rugs come in a variety of shapes, sizes, and designs and are often used to anchor furniture in a living room or bedroom.

Accent Rugs: These are smaller rugs used to highlight specific areas of a room or add a pop of color or texture. Accent rugs can be used in entryways, hallways, or under coffee tables and accent chairs.

Runner Rugs: These are long, narrow rugs typically used in hallways or along the sides of beds. Runner rugs can also be used in kitchens or bathrooms.

Outdoor Rugs: These rugs are designed for outdoor use, such as on patios, decks, or porches. They are often made of weather-resistant materials and come in a variety of sizes and designs.

Other Rugs: This category includes any other types of rugs that do not fit into the above categories, such as kitchen rugs, bathroom rugs, and doormats.

Global Rugs Market 2023–2032 (By Material Type)

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Rugs Market – Regional Analysis

The rugs market is segmented into various regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Here is a brief overview of each region:

  • North America: The North American rug market is primarily driven by the growing demand for home decor and renovation, especially among millennials. The United States is the largest market for rugs in North America, with the presence of major retailers such as Home Depot and Lowe’s.
  • Europe: The European rug market is driven by the increasing demand for premium home decor and the rising trend of home renovation and remodeling. The United Kingdom, Germany, and France are the largest markets for rugs in Europe, with the presence of major manufacturers and retailers such as IKEA and John Lewis.
  • Asia-Pacific: The Asia-Pacific rugs market is expected to witness significant growth due to the increasing urbanization and rising disposable income in the region. China, India, and Japan are the largest markets for rugs in Asia-Pacific, with the presence of major manufacturers such as Nitori and MUJI.
  • Latin America: The Latin American rugs market is driven by the increasing demand for home decor and renovation, especially in Brazil and Mexico. The market is also influenced by the growing tourism industry in the region, with the demand for hotel and resort decor.
  • Middle East and Africa: The Middle East and Africa rugs market is driven by the growing tourism industry and the increasing demand for premium home decor. The market is also influenced by the rising trend of home renovation and remodeling in countries such as the United Arab Emirates and South Africa.

Competitive Landscape – Rugs Market

The rugs market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Mohawk Industries Inc.
  • Shaw Industries Group Inc.
  • Oriental Weavers Group
  • Nourison Industries
  • Lowe’s Companies Inc.
  • Home Depot Inc.
  • IKEA AB
  • Wayfair Inc.
  • Macy’s Inc.
  • Bed Bath & Beyond Inc.
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, in 2021, Mohawk Industries acquired the rugs and carpets business of KAI Group, a leading manufacturer in the Asia-Pacific region, to expand its global reach. Similarly, Wayfair has been focusing on offering a wide range of products, including rugs, through its e-commerce platform to attract more customers.

The market is also witnessing the entry of several new players, including online retailers such as Amazon and Overstock, which are disrupting the traditional retail model. Moreover, the market is highly fragmented, with a large number of small and regional players operating in different parts of the world.

To remain competitive in the market, companies are focusing on offering high-quality products at competitive prices, leveraging advanced technologies such as smart textiles, and expanding their distribution networks to reach new customers. It is also important for companies to stay up-to-date with changing customer preferences and market trends to remain relevant in the highly competitive market.

Global Rugs Market 2023–2032 (By Distribution Channels)

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The Rugs Market is segmented as follows:

By Material Type

  • Natural fibers
  • Synthetic fibers

By Type

  • Area Rugs
  • Accent Rugs
  • Runner Rugs
  • Others

By Distribution Channels

  • Online Channel
  • Offline Channel

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Rugs Market, (2024 – 2033) (USD Million)
    • 2.2 Global Rugs Market : snapshot
  • Chapter 3. Global Rugs Market – Industry Analysis
    • 3.1 Rugs Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising demand for sustainable and eco-friendly products
      • 3.2.2 Growth of e-commerce
      • 3.2.3 The growing popularity of customized rugs
      • 3.2.4 Increasing focus on interior design.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Material Type
      • 3.7.2 Market attractiveness analysis By Type
      • 3.7.3 Market attractiveness analysis By Distribution Channels
  • Chapter 4. Global Rugs Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Rugs Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Rugs Market – Material Type Analysis
    • 5.1 Global Rugs Market overview: By Material Type
      • 5.1.1 Global Rugs Market share, By Material Type, 2022 and – 2033
    • 5.2 Natural fibers
      • 5.2.1 Global Rugs Market by Natural fibers, 2024 – 2033 (USD Million)
    • 5.3 Synthetic fibers
      • 5.3.1 Global Rugs Market by Synthetic fibers, 2024 – 2033 (USD Million)
  • Chapter 6. Global Rugs Market – Type Analysis
    • 6.1 Global Rugs Market overview: By Type
      • 6.1.1 Global Rugs Market share, By Type, 2022 and – 2033
    • 6.2 Area Rugs
      • 6.2.1 Global Rugs Market by Area Rugs, 2024 – 2033 (USD Million)
    • 6.3 Accent Rugs
      • 6.3.1 Global Rugs Market by Accent Rugs , 2024 – 2033 (USD Million)
    • 6.4 Runner Rugs
      • 6.4.1 Global Rugs Market by Runner Rugs, 2024 – 2033 (USD Million)
    • 6.5 Others
      • 6.5.1 Global Rugs Market by Others, 2024 – 2033 (USD Million)
  • Chapter 7. Global Rugs Market – Distribution Channels Analysis
    • 7.1 Global Rugs Market overview: By Distribution Channels
      • 7.1.1 Global Rugs Market share, By Distribution Channels, 2022 and – 2033
    • 7.2 Online Channel
      • 7.2.1 Global Rugs Market by Online Channel, 2024 – 2033 (USD Million)
    • 7.3 Offline Channel
      • 7.3.1 Global Rugs Market by Offline Channel, 2024 – 2033 (USD Million)
  • Chapter 8. Rugs Market – Regional Analysis
    • 8.1 Global Rugs Market Regional Overview
    • 8.2 Global Rugs Market Share, by Region, 2022 & – 2033 (USD Million)
    • 8.3. North America
      • 8.3.1 North America Rugs Market, 2024 – 2033 (USD Million)
        • 8.3.1.1 North America Rugs Market, by Country, 2024 – 2033 (USD Million)
    • 8.4 North America Rugs Market, by Material Type, 2024 – 2033
      • 8.4.1 North America Rugs Market, by Material Type, 2024 – 2033 (USD Million)
    • 8.5 North America Rugs Market, by Type, 2024 – 2033
      • 8.5.1 North America Rugs Market, by Type, 2024 – 2033 (USD Million)
    • 8.6 North America Rugs Market, by Distribution Channels, 2024 – 2033
      • 8.6.1 North America Rugs Market, by Distribution Channels, 2024 – 2033 (USD Million)
    • 8.7. Europe
      • 8.7.1 Europe Rugs Market, 2024 – 2033 (USD Million)
        • 8.7.1.1 Europe Rugs Market, by Country, 2024 – 2033 (USD Million)
    • 8.8 Europe Rugs Market, by Material Type, 2024 – 2033
      • 8.8.1 Europe Rugs Market, by Material Type, 2024 – 2033 (USD Million)
    • 8.9 Europe Rugs Market, by Type, 2024 – 2033
      • 8.9.1 Europe Rugs Market, by Type, 2024 – 2033 (USD Million)
    • 8.10 Europe Rugs Market, by Distribution Channels, 2024 – 2033
      • 8.10.1 Europe Rugs Market, by Distribution Channels, 2024 – 2033 (USD Million)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Rugs Market, 2024 – 2033 (USD Million)
        • 8.11.1.1 Asia Pacific Rugs Market, by Country, 2024 – 2033 (USD Million)
    • 8.12 Asia Pacific Rugs Market, by Material Type, 2024 – 2033
      • 8.12.1 Asia Pacific Rugs Market, by Material Type, 2024 – 2033 (USD Million)
    • 8.13 Asia Pacific Rugs Market, by Type, 2024 – 2033
      • 8.13.1 Asia Pacific Rugs Market, by Type, 2024 – 2033 (USD Million)
    • 8.14 Asia Pacific Rugs Market, by Distribution Channels, 2024 – 2033
      • 8.14.1 Asia Pacific Rugs Market, by Distribution Channels, 2024 – 2033 (USD Million)
    • 8.15. Latin America
      • 8.15.1 Latin America Rugs Market, 2024 – 2033 (USD Million)
        • 8.15.1.1 Latin America Rugs Market, by Country, 2024 – 2033 (USD Million)
    • 8.16 Latin America Rugs Market, by Material Type, 2024 – 2033
      • 8.16.1 Latin America Rugs Market, by Material Type, 2024 – 2033 (USD Million)
    • 8.17 Latin America Rugs Market, by Type, 2024 – 2033
      • 8.17.1 Latin America Rugs Market, by Type, 2024 – 2033 (USD Million)
    • 8.18 Latin America Rugs Market, by Distribution Channels, 2024 – 2033
      • 8.18.1 Latin America Rugs Market, by Distribution Channels, 2024 – 2033 (USD Million)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Rugs Market, 2024 – 2033 (USD Million)
        • 8.19.1.1 The Middle-East and Africa Rugs Market, by Country, 2024 – 2033 (USD Million)
    • 8.20 The Middle-East and Africa Rugs Market, by Material Type, 2024 – 2033
      • 8.20.1 The Middle-East and Africa Rugs Market, by Material Type, 2024 – 2033 (USD Million)
    • 8.21 The Middle-East and Africa Rugs Market, by Type, 2024 – 2033
      • 8.21.1 The Middle-East and Africa Rugs Market, by Type, 2024 – 2033 (USD Million)
    • 8.22 The Middle-East and Africa Rugs Market, by Distribution Channels, 2024 – 2033
      • 8.22.1 The Middle-East and Africa Rugs Market, by Distribution Channels, 2024 – 2033 (USD Million)
  • Chapter 9. Company Profiles
    • 9.1 Mohawk Industries Inc.
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Shaw Industries Group Inc.
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Oriental Weavers Group
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 Nourison Industries
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Lowe’s Companies Inc.
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Home Depot Inc.
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 IKEA AB
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Wayfair Inc.
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Macy’s Inc.
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Bed Bath & Beyond Inc.
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 22

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Mohawk Industries Inc.
  • Shaw Industries Group Inc.
  • Oriental Weavers Group
  • Nourison Industries
  • Lowe’s Companies Inc.
  • Home Depot Inc.
  • IKEA AB
  • Wayfair Inc.
  • Macy’s Inc.
  • Bed Bath & Beyond Inc.
  • Others

FAQs

“Asia Pacific ” region will lead the global Rugs market during the forecast period 2023 to 2032.

The key factors driving the market are Rising demand for sustainable and eco-friendly products, Growth of e-commerce, The growing popularity of customized rugs and Increasing focus on interior design.

The key players operating in the Rugs market are Mohawk Industries Inc., Shaw Industries Group Inc., Oriental Weavers Group, Nourison Industries, Lowe’s Companies Inc., Home Depot Inc., IKEA AB, Wayfair Inc., Macy’s Inc., Bed Bath & Beyond Inc., Others.

The global Rugs market is expanding growth with a CAGR of approximately 5% during the forecast period (2023 to 2032).

The global Rugs market size was valued at USD 190.15 Million in 2022 and it is projected to reach around USD 294.98 Million by 2032.

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