Rugs Market- Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Mohawk Industries, Inc., Tai Ping Carpets International Ltd., Shaw Industries Group, Inc., Victoria PLC

Acknowledging the kind of traction gained by this market, recently published a study report asserts the global Rugs Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.9% during the review period (2022 to 2027).

Rugs Market Overview

Innovative accent pieces and entire flooring are defining the look of rooms in both residential and commercial locations. As a result, producers in the rug industry are expanding their capacity to produce new floor coverings that challenge traditional broadlooms. For instance, a French market leader in floor and wall coverings has unveiled the Tatami System, a modular floorcovering that is based on traditional Japanese Tatami mats and adapts to consumers' changing needs. These developments are promoting the market for rugs, which is predicted to expand to 200 million pieces by the end of 2027.In order to allow customers the freedom to continuously alter environments to their preferences and needs, modular rugs are being produced. In contemporary workplaces, the idea of settings that are continually changing is widely emphasised. Innovative rugs are often used in open spaces and other collaborative settings.

Who are the Major Players in Rugs Market?

The global Rugs includes Mohawk Industries, Inc., Tai Ping Carpets International Ltd., Shaw Industries Group, Inc., Victoria PLC, The Dixie Group, Inc., Yak Carpet Private Limited, Tarkett S.A., Milliken & Company, Balta Industries NV, Devgiri Exports LLC

Recent Developments:

Collaborations with Contemporary Artists Offer New Vision in Ancestral Art Showcase

Legacy rug manufacturers are collaborating with ethnically diverse communities to induce traditional art in accent pieces. Manufacturers in the rugs market are leveraging their visibility in the market landscape by participating in design showcases. For instance, Jaipur Rugs— an Indian company that specializes in ancestral craft has collaborated with Italy-based international design studio Matteo Cibic to present their vibrant collection of handcrafted rugs at the Mumbai’s AD Design Show. Thus, strategic collaborations are bolstering revenue in the rugs market, which is anticipated to reach a value of ~US$ 30 Bn by the end of 2027.

What are the major Applications, Types and Regions for Rugs Market?

Rugs Market is segmented based on the type, applications, companies and regions.

By Product Type, it is segmented into

• Needle-punched


• Knotted


• Others (Loomed, Shag Style, etc.)

By Application it is segmented into

• Residential


• Commercial


• Rectangle


• Square

Rugs Market Regional Analysis

During the anticipated period, Asia Pacific is most likely to see the fastest growth in the worldwide rug market. In recent years, this region's economic expansion has encouraged businesses to invest in the home decor industries of developing nations like China and India, which is anticipated to have a positive impact on the market.

With 5.1 percent of the total revenue generated by the worldwide rug market, North America is the largest regional market. The second-largest market for rugs in 2018 was Europe, which contributed about 5.4% of worldwide rug sales.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

What is our Rugs Market report scope?

Key Takeaways from this Rugs Report

• Evaluate Rugs market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Market share held by each application segment with respect to the market renumeration and sales estimates over the forecast timeline are stated in the report.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Rugs market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.


• It further investigates the specifics that are positively impacting the profit graph of this business sphere.


• The study also elaborates the critical factors which will augment the commercial terrain of the Rugs market.

All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.

Frequently Asked Questions

What is the study period of this market?

The Rugs Market is studied from 2017 - 2027.

What is the growth rate of Rugs Market?

The Rugs Market is growing at a CAGR of 4.9% over the next 5 years.

Who are the leading key players in Rugs Market?

Mohawk Industries, Inc., Tai Ping Carpets International Ltd., Shaw Industries Group, Inc., Victoria PLC, The Dixie Group, Inc., Yak Carpet Private Limited, Tarkett S.A., Milliken & Company, Balta Industries NV, Devgiri Exports LLC

What regions does this Rugs Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Rugs Market?

Needle-punched, Knotted, Others (Loomed, Shag Style, etc.)

What are the significant Applications of Rugs Market?

Residential, Commercial, Rectangle, Square