The rugs market size is expected to hit around US$ 35 Bn by 2030 from US$ 19.5 Bn in 2020, anticipated to grow at a CAGR of 6% from 2021 to 2030.
Rugs are a textile floor covering typically consisting of an upper layer of pile attached to a backing. It is available in the market in different shapes and colors.
Key Challenges: The global usage of rugs is expected to see continuous growth; however, this creates a significant challenge to the environment. Strict government regulations in developed countries related to environment-friendly production processes is expected to be a challenge for small scale manufacturers.
Market Trends
Drivers, Opportunities, and Restraints
Report Hghlights | Details |
Market Size | US$ 35 Bn by 2030 |
Growth Rate | CAGR of 6% from 2021 to 2030 |
Base Year | 2020 |
Companies Mentioned | 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. |
Time-honored Techniques Improving Lead Time for Manufacturing Hand-woven Rugs
Manufacturers in the rugs market are generating incremental opportunities by experimenting with different materials such as cashmere, mohair, silk, leather, etc. For instance, SHIIR Rugs— a provider of artisanal rugs designed by leading interior designers, is increasing efforts to travel countries in order to explore ancient-rug making techniques using wool, silk, and leather materials. Manufacturers are collaborating with true cottage industries to ethically and responsibly manufacture rugs with a shared motive for creative exploration. Time-honored techniques are improving the lead time by onboarding laborers from developing economies of Asia Pacific.
Moreover, enhanced durability and clean-ability of rugs are becoming key focus points for manufacturers during their decision-making processes. Hence, manufacturers are extending personalized services in the rugs market to help users with the best material selection according to the foot traffic. On the other hand, customization is playing a pivotal role to meet specific budget parameters of end users.
Report Highlights
Key Players
Market Segmentation
By Type
By Price
By Material
By Application
By Shape
By Distribution Channel
By Region
This report focuses on rugs market includes crucial information on market share, market size, and growth rate for the forecast period 2021 to 2030 at the global level, regional level and company level. From a global perspective, this report represents overall rugs market size by analyzing historical data and future prospect. The study highlights deep analysis on the major drivers of the market, restraints, and challenges to help the business owners, suppliers, and marketing personnel in planning effective strategies for the forecast period. This will help the business and manufacturers to lead the market and gain prominent position in future. The report also presents vital information through graphical representation on factors like table, charts, and statistics. The study includes drivers and restraints of the global rugs market.
The research not only conducts forecasts in terms of value, but also evaluates the market on the basis of essential parameters, such as Year-on-Year (Y-o-Y) growth. This helps providers to recognize the future opportunities as well predictability of the market.
In order to understand and assess opportunities in this market, the report is categorically divided into five key sections on the basis of segments. The report analyzes the global market in terms of value (US$ dollers) and volume (Million Units).
The research report includes specific segments by region (country), by company, by all segments. This study provides information about the growth and revenue during the historic and forecasted period of 2017 to 2030. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Major Key Points Covered in Report:
Executive Summary: It includes key trends of the rugs market related to products, applications, and other crucial factors. It also provides analysis of the competitive landscape and CAGR and market size of the rugs market based on production and revenue.
Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.
Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Rugs market.
Market Segments: This part of the report discusses about product, application and other segments of the rugs market based on market share, CAGR, market size, and various other factors.
Research Methodology: This section discusses about the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.
Regional Analysis
The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region. This section analyses region-wise revenue and volume for the forecast period of 2017 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.
The report provides in-depth segment analysis of the global rugs market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the rugs market.
The report includes country-wise and region-wise market size for the period 2017-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2017-2030.
In this study, the years considered to estimate the market size of rugs are as follows:
Competitive Landscape
This section of the report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. The reader can identify the footprints of the manufacturers by knowing about the global revenue of manufacturers, the global price of manufacturers, and sales by manufacturers during the forecast period of 2017 to 2019.
The analysts have provided a comprehensive analysis of the competitive landscape of the global rugs market with the company market structure and market share analysis of the top players. The innovative trends and developments, mergers and acquisitions, product portfolio, and new product innovation expected to provide a dashboard view of the market, ultimately providing the readers accurate measure of the current market developments, business strategies, and key financials.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users) and other segments.
Research Methodology
The research methodology adopted by analysts for compiling the global rugs market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.
During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.
For secondary research, analysts scrutinized numerous annual report publications, white papers, market association publications, and company websites to obtain the necessary understanding of the global rugs market.
The study objectives of this report are:
Section 1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
Section 2. Assumptions
Section 3. Research Methodology
Section 4. Executive Summary
Section 5. Market Overview
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.2. Restraints
5.2.3. Opportunities
5.3. Key Trends Analysis
5.3.1. Demand Side Analysis
5.3.2. Supply Side Analysis
5.4. Key Market Indicators
5.4.1. Home Textile Industry Overview
5.5. Porter’s Five Forces Analysis
5.6. Value Chain Analysis
5.7. Industry SWOT Analysis
5.8. Raw Material Analysis
5.9. Trade Analysis (HS Code: 57)
5.10. Global Rugs Market Analysis and Forecast, 2017-2027
5.10.1. Market Value Projections (US$ Mn)
5.10.2. Market Volume Projections (Million Units)
Section 6. Global Rugs Market Analysis and Forecast, By Type
6.1. Global Rugs Market Size (US$ Mn and Million Units) Forecast, By Type, 2017-2027
6.1.1. Tufted
6.1.2. Woven
6.1.3. Needle-punched
6.1.4. Knotted
6.1.5. Others
6.2. Incremental Opportunity, By Type
Section 7. Global Rugs Market Analysis and Forecast, By Price
7.1. Global Rugs Market Size (US$ Mn and Million Units) Forecast, By Price, 2017-2027
7.1.1. Below US$ 100
7.1.2. US$ 101 - US$ 300
7.1.3. US$ 301 - US$ 500
7.1.4. Above US$ 500
7.2. Incremental Opportunity, By Price
Section 8. Global Rugs Market Analysis and Forecast, By Material
8.1. Global Rugs Market Size (US$ Mn and Million Units) Forecast, By Material, 2017-2027
8.1.1. Wool
8.1.2. Silk
8.1.3. Polyester
8.1.4. Nylon
8.1.5. Others
8.2. Incremental Opportunity, By Material
Section 9. Global Rugs Market Analysis and Forecast, By Application
9.1. Global Rugs Market Size (US$ Mn and Million Units) Forecast, By Application, 2017-2027
9.1.1. Residential
9.1.2. Commercial
9.2. Incremental Opportunity, By Material
Section 10. Global Rugs Market Analysis and Forecast, By Shape
10.1. Global Rugs Market Size (US$ Mn and Million Units) Forecast, By Shape, 2017-2027
10.1.1. Rectangle
10.1.2. Square
10.1.3. Round
10.1.4. Others
10.2. Incremental Opportunity, By Shape
Section 11. Global Rugs Market Analysis and Forecast, By Distribution Channel
11.1. Global Rugs Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017-2027
11.1.1. Online
11.1.1.1. E-commerce Website
11.1.1.2. Company Owned Website
11.1.2. Offline
11.1.2.1. Supermarkets &Hypermarkets
11.1.2.2. Specialty Stores
11.2. Incremental Opportunity, By Distribution Channel
Section 12. Global Rugs Market Analysis and Forecast, Region
12.1. Global Rugs Market Size (US$ Mn and Million Units) Forecast, By Region, 2017-2027
12.1.1. North America
12.1.2. Europe
12.1.3. Asia Pacific
12.1.4. Middle East & Africa
12.1.5. South America
12.2. Incremental Opportunity, By Region
Section 13. North America Rugs Market Analysis and Forecast
13.1. Regional Snapshot
13.2. Price Trend Analysis
13.2.1. Weighted Average Selling Price
13.3. Consumer Buying Behavior Analysis
13.4. Rugs Market Size (US$ Mn and Million Units) Forecast, By Type, 2017-2027
13.4.1. Tufted
13.4.2. Woven
13.4.3. Needle-punched
13.4.4. Knotted
13.4.5. Others
13.5. Rugs Market Size (US$ Mn and Million Units) Forecast, By Price, 2017-2027
13.5.1. Below US$ 100
13.5.2. US$ 101 - US$ 300
13.5.3. US$ 301 - US$ 500
13.5.4. Above US$ 500
13.6. Rugs Market Size (US$ Mn and Million Units) Forecast, By Material, 2017-2027
13.6.1. Wool
13.6.2. Silk
13.6.3. Polyester
13.6.4. Nylon
13.6.5. Others
13.7. Rugs Market Size (US$ Mn and Million Units) Forecast, By Application, 2017-2027
13.7.1. Residential
13.7.2. Commercial
13.8. Rugs Market Size (US$ Mn and Million Units) Forecast, By Shape, 2017-2027
13.8.1. Rectangle
13.8.2. Square
13.8.3. Round
13.8.4. Others
13.9. Rugs Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017-2027
13.9.1. Online
13.9.1.1. E-commerce Website
13.9.1.2. Company Owned Website
13.9.2. Offline
13.9.2.1. Supermarkets &Hypermarkets
13.9.2.2. Specialty Stores
13.10. Rugs Market Size (US$ Mn and Million Units) Forecast, By Country and Sub-region, 2017-2027
13.10.1. U.S.
13.10.2. Canada
13.10.3. Rest of North America
13.11. Incremental Opportunity Analysis
Section 14. Europe Rugs Market Analysis and Forecast
14.1. Regional Snapshot
14.2. Price Trend Analysis
14.2.1. Weighted Average Selling Price
14.3. Consumer Buying Behaviour Analysis
14.4. Rugs Market Size (US$ Mn and Million Units) Forecast, By Type, 2017-2027
14.4.1. Tufted
14.4.2. Woven
14.4.3. Needle-punched
14.4.4. Knotted
14.4.5. Others
14.5. Rugs Market Size (US$ Mn and Million Units) Forecast, By Price, 2017-2027
14.5.1. Below US$ 100
14.5.2. US$ 101 - US$ 300
14.5.3. US$ 301 - US$ 500
14.5.4. Above US$ 500
14.6. Rugs Market Size (US$ Mn and Million Units) Forecast, By Material, 2017-2027
14.6.1. Wool
14.6.2. Silk
14.6.3. Polyester
14.6.4. Nylon
14.6.5. Others
14.7. Rugs Market Size (US$ Mn and Million Units) Forecast, By Application, 2017-2027
14.7.1. Residential
14.7.2. Commercial
14.8. Rugs Market Size (US$ Mn and Million Units) Forecast, By Shape, 2017-2027
14.8.1. Rectangle
14.8.2. Square
14.8.3. Round
14.8.4. Others
14.9. Rugs Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017-2027
14.9.1. Online
14.9.1.1. E-commerce Website
14.9.1.2. Company Owned Website
14.9.2. Offline
14.9.2.1. Supermarkets &Hypermarkets
14.9.2.2. Specialty Stores
14.10. Rugs Market Size (US$ Mn and Million Units) Forecast, By Country and Sub-region, 2017-2027
14.10.1. U.K.
14.10.2. Germany
14.10.3. France
14.10.4. Rest of Europe
14.11. Incremental Opportunity Analysis
Section 15. Asia Pacific Rugs Market Analysis and Forecast
15.1. Regional Snapshot
15.2. Price Trend Analysis
15.2.1. Weighted Average Selling Price
15.3. Consumer Buying Behaviour Analysis
15.4. Rugs Market Size (US$ Mn and Million Units) Forecast, By Type, 2017-2027
15.4.1. Tufted
15.4.2. Woven
15.4.3. Needle-punched
15.4.4. Knotted
15.4.5. Others
15.5. Rugs Market Size (US$ Mn and Million Units) Forecast, By Price, 2017-2027
15.5.1. Below US$ 100
15.5.2. US$ 101 - US$ 300
15.5.3. US$ 301 - US$ 500
15.5.4. Above US$ 500
15.6. Rugs Market Size (US$ Mn and Million Units) Forecast, By Material, 2017-2027
15.6.1. Wool
15.6.2. Silk
15.6.3. Polyester
15.6.4. Nylon
15.6.5. Others
15.7. Rugs Market Size (US$ Mn and Million Units) Forecast, By Application, 2017-2027
15.7.1. Residential
15.7.2. Commercial
15.8. Rugs Market Size (US$ Mn and Million Units) Forecast, By Shape, 2017-2027
15.8.1. Rectangle
15.8.2. Square
15.8.3. Round
15.8.4. Others
15.9. Rugs Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017-2027
15.9.1. Online
15.9.1.1. E-commerce Website
15.9.1.2. Company Owned Website
15.9.2. Offline
15.9.2.1. Supermarkets &Hypermarkets
15.9.2.2. Specialty Stores
15.10. Rugs Market Size (US$ Mn and Million Units) Forecast, By Country and Sub-region, 2017-2027
15.10.1. China
15.10.2. India
15.10.3. Japan
15.10.4. Rest of Asia Pacific
15.11. Incremental Opportunity Analysis
Section 16. Middle East & Africa Rugs Market Analysis and Forecast
16.1. Regional Snapshot
16.2. Price Trend Analysis
16.2.1. Weighted Average Selling Price
16.3. Consumer Buying Behaviour Analysis
16.4. Rugs Market Size (US$ Mn and Million Units) Forecast, By Type, 2017-2027
16.4.1. Tufted
16.4.2. Woven
16.4.3. Needle-punched
16.4.4. Knotted
16.4.5. Others
16.5. Rugs Market Size (US$ Mn and Million Units) Forecast, By Price, 2017-2027
16.5.1. Below US$ 100
16.5.2. US$ 101 - US$ 300
16.5.3. US$ 301 - US$ 500
16.5.4. Above US$ 500
16.6. Rugs Market Size (US$ Mn and Million Units) Forecast, By Material, 2017-2027
16.6.1. Wool
16.6.2. Silk
16.6.3. Polyester
16.6.4. Nylon
16.6.5. Others
16.7. Rugs Market Size (US$ Mn and Million Units) Forecast, By Application, 2017-2027
16.7.1. Residential
16.7.2. Commercial
16.8. Rugs Market Size (US$ Mn and Million Units) Forecast, By Shape, 2017-2027
16.8.1. Rectangle
16.8.2. Square
16.8.3. Round
16.8.4. Others
16.9. Rugs Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017-2027
16.9.1. Online
16.9.1.1. E-commerce Website
16.9.1.2. Company Owned Website
16.9.2. Offline
16.9.2.1. Supermarkets &Hypermarkets
16.9.2.2. Specialty Stores
16.10. Rugs Market Size (US$ Mn and Million Units) Forecast, By Country and Sub-region, 2017-2027
16.10.1. GCC
16.10.2. South Africa
16.10.3. Rest of Middle East & Africa
16.11. Incremental Opportunity Analysis
Section 17. South America Rugs Market Analysis and Forecast
17.1. Regional Snapshot
17.2. Price Trend Analysis
17.2.1. Weighted Average Selling Price
17.3. Consumer Buying Behaviour Analysis
17.4. Rugs Market Size (US$ Mn and Million Units) Forecast, By Type, 2017-2027
17.4.1. Tufted
17.4.2. Woven
17.4.3. Needle-punched
17.4.4. Knotted
17.4.5. Others
17.5. Rugs Market Size (US$ Mn and Million Units) Forecast, By Price, 2017-2027
17.5.1. Below US$ 100
17.5.2. US$ 101 - US$ 300
17.5.3. US$ 301 - US$ 500
17.5.4. Above US$ 500
17.6. Rugs Market Size (US$ Mn and Million Units) Forecast, By Material, 2017-2027
17.6.1. Wool
17.6.2. Silk
17.6.3. Polyester
17.6.4. Nylon
17.6.5. Others
17.7. Rugs Market Size (US$ Mn and Million Units) Forecast, By Application, 2017-2027
17.7.1. Residential
17.7.2. Commercial
17.8. Rugs Market Size (US$ Mn and Million Units) Forecast, By Shape, 2017-2027
17.8.1. Rectangle
17.8.2. Square
17.8.3. Round
17.8.4. Others
17.9. Rugs Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017-2027
17.9.1. Online
17.9.1.1. E-commerce Website
17.9.1.2. Company Owned Website
17.9.2. Offline
17.9.2.1. Supermarkets &Hypermarkets
17.9.2.2. Specialty Stores
17.10. Rugs Market Size (US$ Mn and Million Units) Forecast, By Country and Sub-region, 2017-2027
17.10.1. Brazil
17.10.2. Rest of South America
17.11. Incremental Opportunity Analysis
Section 18. Competition Landscape
18.1. Market Player – Competition Dashboard
18.2. Market Revenue Share Analysis (%), (2018)
18.3. Company Profiles (Details – Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview)
18.3.1. Mohawk Industries, Inc.
18.3.1.1. Company Overview
18.3.1.2. Sales Area/Geographical Presence
18.3.1.3. Revenue
18.3.1.4. Strategy & Business Overview
18.3.2. Shaw Industries Group, Inc.
18.3.2.1. Company Overview
18.3.2.2. Sales Area/Geographical Presence
18.3.2.3. Revenue
18.3.2.4. Strategy & Business Overview
18.3.3. The Dixie Group, Inc.
18.3.3.1. Company Overview
18.3.3.2. Sales Area/Geographical Presence
18.3.3.3. Revenue
18.3.3.4. Strategy & Business Overview
18.3.4. Tarkett S.A.
18.3.4.1. Company Overview
18.3.4.2. Sales Area/Geographical Presence
18.3.4.3. Revenue
18.3.4.4. Strategy & Business Overview
18.3.5. Balta Industries NV
18.3.5.1. Company Overview
18.3.5.2. Sales Area/Geographical Presence
18.3.5.3. Revenue
18.3.5.4. Strategy & Business Overview
18.3.6. Tai Ping Carpets International Ltd.
18.3.6.1. Company Overview
18.3.6.2. Sales Area/Geographical Presence
18.3.6.3. Revenue
18.3.6.4. Strategy & Business Overview
18.3.7. Victoria PLC
18.3.7.1. Company Overview
18.3.7.2. Sales Area/Geographical Presence
18.3.7.3. Revenue
18.3.7.4. Strategy & Business Overview
18.3.8. Yak Carpet Private Limited
18.3.8.1. Company Overview
18.3.8.2. Sales Area/Geographical Presence
18.3.8.3. Revenue
18.3.8.4. Strategy & Business Overview
18.3.9. Milliken & Company
18.3.9.1. Company Overview
18.3.9.2. Sales Area/Geographical Presence
18.3.9.3. Revenue
18.3.9.4. Strategy & Business Overview
18.3.10. Devgiri Exports LLC
18.3.10.1. Company Overview
18.3.10.2. Sales Area/Geographical Presence
18.3.10.3. Revenue
18.3.10.4. Strategy & Business Overview
18.3.11. Inter IKEA Systems B.V.
18.3.11.1. Company Overview
18.3.11.2. Sales Area/Geographical Presence
18.3.11.3. Revenue
18.3.11.4. Strategy & Business Overview
Section 19. Key Takeaways