Area Rugs Market: Leading Regions and Market Trends

Geographical Analysis and Market Highlights 2021-2025

The area rugs market will grow by $ 1.44 bn, fragmented at a CAGR of almost 2% over the next five years. Our research report provides a detailed analysis of the market with insights on trends, drivers, and challenges that are likely to impact market growth. It also provides a competitive analysis of the key market players and their product portfolios.


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Area Rugs Market: North America to lead market growth during the forecast period

  • North America emerged as the leading geographical segment in recent years and is expected to contribute 40% of the market growth during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the area rugs market size.
  • This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. One of the factors that will drive growth is the consumer shift toward interior design.  Our analysis will thus enable clients to assess their play in the market and design further growth opportunities.
  • The report segments the market by Product (Machine-made area rugs and Handmade area rugs), Distribution Channel (Offline and Online), Application (Residential and Commercial), and Geography (North America, APAC, Europe, South America, and MEA). A detailed analysis of each segment and its contribution to the market share is provided along with factors that are likely to boost the market growth.

Area Rugs Market to Post Incremental Growth of $ 1.44 bn During 2021-2025 | Key Geographies that will Drive Growth

Area Rugs Market: Competitive Landscape

Balta Group NV, BRINTONS AGNELLA Ltd., Bukhara Oriental Rugs, Capel Inc., Harounian Rugs International, Kalaty Rug Corp., Loloi Inc., Milliken and Co., Mohawk Industries Inc., and Momeni Inc.are some of the major market participants. The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

For more insights on this market: Download a Free Sample Report

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 2%.
     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.44 bn through 2021-2025.
     
  3. What is a key factor driving this market?
    Consumer shift toward interior design will drive market growth over the forecast period.
     
  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
     
  5. Which is the leading geographic region for this market:
    40% growth will originate from North America
     
  6. Who are the leading market vendors?
    The leading vendors in this market are Balta Group NV, BRINTONS AGNELLA Ltd., Bukhara Oriental Rugs, Capel Inc., Harounian Rugs International, Kalaty Rug Corp., Loloi Inc., Milliken and Co., Mohawk Industries Inc., and Momeni Inc.
     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Machine-made area rugs and Handmade area rugs), Distribution Channel (Offline and Online), Application (Residential and Commercial), and Geography (North America, APAC, Europe, South America, and MEA).

Market Segmentation by Product

    • Area Rugs Market Split by Product
      • Machine-made area rugs
      • Handmade area rugs
    • Area Rugs Market Split by Distribution Channel
      • Offline
      • Online
    • Area Rugs Market Split by Application
      • Residential
      • Commercial
    • Area Rugs Market Split by Geography
      • North America
      • APAC
      • Europe
      • South America
      • MEA

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Competitive scenario
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Balta Group NV
  • BRINTONS AGNELLA Ltd.
  • Bukhara Oriental Rugs
  • Capel Inc.
  • Harounian Rugs International
  • Kalaty Rug Corp.
  • Loloi Inc.
  • Milliken and Co.
  • Mohawk Industries Inc.
  • Momeni Inc.

Area Rugs Market Size to Grow by $ 1.44 bn through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the area rugs market and it is expected to grow by $ 1.44 bn, accelerating at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Area Rugs Market: Receive Free Sample Report


Area Rugs Market: Emerging Trends to Impact Market Growth

Growing popularity of omnichannel retailing to emerge as a key trend in the industrial area rugs market. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Area Rugs Market to Post Incremental Growth of $ 1.44 bn During 2021-2025 | Key Geographies that will Drive Growth

Area Rugs Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Balta Group NV, BRINTONS AGNELLA Ltd., Bukhara Oriental Rugs, Capel Inc., Harounian Rugs International, Kalaty Rug Corp., Loloi Inc., Milliken and Co., Mohawk Industries Inc., and Momeni Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market: Download a Free Sample Report

 

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerate at a CAGR of almost 2%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by $ 1.44 bn through 2021-2025.

     
  3. What is a key factor driving this market?
    Consumer shift toward interior design will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market:
    40% growth will originate from North America

     
  6. Who are the leading market vendors?
    The leading vendors in this market are Balta Group NV, BRINTONS AGNELLA Ltd., Bukhara Oriental Rugs, Capel Inc., Harounian Rugs International, Kalaty Rug Corp., Loloi Inc., Milliken and Co., Mohawk Industries Inc., and Momeni Inc.

     
  7. What are the market segments covered in this report?
    The market is segmented by Product (Machine-made area rugs and Handmade area rugs), Distribution Channel (Offline and Online), Application (Residential and Commercial), and Geography (North America, APAC, Europe, South America, and MEA)

Area Rugs Market Size to Grow by $ 1.44 Billion through 2021-2025 | Forecast and Trend Analysis

Technavio has been monitoring the area rugs market and it is expected to grow by $ 1.44 bn, accelerating at a CAGR of almost 2% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking


Area Rugs Market: Receive Free Sample Report


Area Rugs Market: Emerging Trends to Impact Market Growth

The growing shift toward interior designing of new homes is a key factor that will drive market growth. The market is segmented by product (machine-made area rugs and handmade area rugs), distribution channel (offline and online), application (residential and commercial), and geography (North America, APAC, Europe, South America, and MEA). Machine-made area rug segment is expected to witness significant growth over the forecast period. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. Growing demand for high-end luxury area rugs will facilitate the area rugs market growth in North America over the forecast period. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.

Area Rugs Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Balta Group NV, BRINTONS AGNELLA Ltd., Bukhara Oriental Rugs, Capel Inc., Harounian Rugs International, Kalaty Rug Corp., Loloi Inc., Milliken and Co., Mohawk Industries Inc., and Momeni Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.

For more insights into this market:Download a Free Sample Report

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