Area Rug Market Study - Current Scenario and Forecast to 2027

1. Area Rug Market - Global Industry Analysis, Size, Share 2027 December 21, 2021 Area rugs can be defined as a thick and heavy cloth usually made of wool, and • smaller than a carpet Area rugs are floor coverings used to protect floors, diminish noise, and enhance • comfort. These rugs also add a personality to the décor of any definite space. Currently, a myriad of shapes, sizes, colors, and construction of rugs is available in • the market. Persian, oriental, contemporary, and Native American are a few options of area rugs. Some of the other purposes of area rugs is to prevent slips and accidental falls • Bangladesh, Iran, and India are among the largest producers and exporters of • luxury hand woven area rugs Rising demand for high quality, attractive area rugs likely to drive the global area rug market Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

2. Over the years, demand for high quality rugs with attractive colors and designs has • increased significantly, contributing to the overall growth of the area rug market In addition, rising disposable income in developing economies is expected to • increase the demand for mid-range – high quality area rugs  The U.S and Europe are among the major importers of carpets, and growth in both • residential as well as commercial sectors in these regions are likely to bolster the demand for area rugs during the forecast period Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report Partnerships aimed at design innovation of area rugs to generate opportunity for the area rug market Leading manufacturers in the market are partnering with individual designers and • private interior designing firms to bring further innovation in designs and production of area rugs For instance, in September 2019, Harounian Rugs International and Sunbrella • announced a partnership to produce a unique collection of indoor and outdoor rugs. In July 2019, Tamarian announced its new rug collection in collaboration with Baltimore – based artists.  Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

3. Challenges with respect to quality and delayed delivery to hinder the area rug market Majority of area rug manufacturers have reported delayed delivery and quality as a • major challenge. In addition, rising demand for high quality area rugs at an affordable price have placed manufacturers in jeopardy, as cost of procurement of quality raw materials and skilled labor continues to rise, resulting in low growth. Asia Paci?c to Hold Leading Share of the Global Area Rug Market Geographically, the global area rug market can be divided into five regions: North • America, Europe, Asia Pacific, Middle East & Africa, and South America Country and sub-region level analysis of the North America region features the • U.S., Canada, and Rest of North America. Analysis and forecast of the area rug market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The area rug market in South America is segmented into Brazil, and Rest of South America. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

4. Asia Pacific dominated the market in 2018 due to presence of major exporting • countries in the region. Bangladesh, India, and Pakistan are the main centers of hand woven carpet manufacturers, and growing demand for hand woven mid-range area rugs is expected to contribute to the dominance of APAC during the forecast period. The market in Asia Pacific is projected to expand at the fastest CAGR, followed by • Middle East & Africa and Europe during the forecast period. Expanding presence of production facilities and increasing export of area rugs through online channels are the key factors contributing to the growth of the market in the Asia Pacific region. Looking for Regional Analysis or Competitive Landscape in Area Rug Market, ask for a customized report Key Players Operating in the Area Rug Market The area rug market is highly competitive with several global and regional players. Major players are adopting various strategies such as regional expansion and product portfolio expansion to enhance their position in the market. A few of the key players operating in the global area rug market are listed below: Mohawk Industries • Kalaty Rug Corporation • Momeni Rugs and Carpet • Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

5. Masland Carpets and Rugs • Kermans Flooring • Safavieh LLC • Loloi Rugs • Jaipur Living Inc. • Nourison Industries • Oriental Weavers Carpet Company • About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Create PDF in your applications with the Pdfcrowd HTML to PDF API PDFCROWD

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