Market Overview:
The global floor rugs market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for floor rugs from residential and commercial users across the globe. Additionally, factors such as rising disposable income, changing lifestyle trends, and increasing awareness about interior decoration are also contributing to the growth of this market. On the basis of type, wool rugs are expected to account for a major share of the global floor rugs market during 2018-2030. This can be attributed to their high durability and aesthetic appeal. Silk rug is another key type segment in this market and is projected to grow at a fast pace during 2018-2030 owing its luxurious appearance and soft feel. Cotton rug is another popular type segment in this market due its affordability and easy maintenance requirements.
Product Definition:
A floor rug is a piece of fabric or other material that is placed on the floor to provide comfort, insulation, or protection. Floor rugs are often used in combination with carpeting to improve the appearance and comfort of a room.
Wool Rug:
Wool rugs are made from the hair of various animals, including sheep, camels, and goats. Wool is one of the natural fibers; it is a soft and fluffy material that comes from spinning orcarding process. Wool fibers are strengthened by weaving them together into a larger yarn called carpeting orrug.
Silk Rug:
Silk is a premium and luxury material used in the flooring industry. It is a very fine, lightweight, and strong woven fabric that has great elasticity and durability. The main function of silk rugs is to add an elegant look to any room without making the room too small or overwhelming it with tons of colors and patterns.
Application Insights:
The commercial application segment dominated the global floor rugs market in 2017, accounting for more than 60.0% share of the total revenue. The growth can be attributed to increasing infrastructural development and construction activities in various regions, including Asia Pacific and Middle East & Africa. In addition, rapid urbanization coupled with a growing number of commercial spaces is expected to drive the demand for flooring products in several applications over the forecast period.
The residential use accounted for a significant share as well as it is anticipated to grow at a steady rate during the forecast period owing to rising consumer spending on home furnishing accessories including area Rug Type Floor covering products that add value both functionally and esthetically to homes or apartments are aesthetically appealing; they create an environment that encourages socializing which further boosts their demand among consumers who live alone or with family members or friends only.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing product demand from residential as well as commercial sectors in countries, such as China, India, Japan, and Australia. Increasing population coupled with rising disposable income will drive the regional market further.
The Asia Pacific region is home to several rug-producing countries including Iran (Persian & Turkoman rugs), Afghanistan (Afghanistan weave carpets), Pakistan ( Kashmir & Kilims), Turkey ( Anatolian kilims ), India( Parsi & Mughal) and China( Ningxia). The production of these products takes place on a large scale in these countries owing to availability of raw materials at cheaper rates and labor costs are comparatively lower than other developed regions across the globe. These factors have contributed significantly toward industry growth across this region over past few years.
Growth Factors:
- Increasing demand for floor rugs in the hospitality sector as they add a touch of luxury and comfort to the guests' experience.
- Rising popularity of open-concept homes and offices, which has led to an increase in demand for floor rugs as a way to define different living spaces within a single area.
- A growing trend among homeowners towards using eco-friendly materials and sustainable production methods when purchasing floor rugs, due to increasing awareness about the importance of sustainability.
- An increase in disposable income among consumers, who are now spending more on high-quality floor rugs that offer better durability and aesthetics than lower-priced alternatives.
- The increasing use of digital marketing channels by rug manufacturers and retailers to reach out to potential buyers online, resulting in higher sales volumes through ecommerce platforms
Scope Of The Report
Report Attributes
Report Details
Report Title
Floor Rugs Market Research Report
By Type
Wool Rug, Silk Rug, Cotton Rug, Sisal, Jute & Sea Grass Rug, Animal Skins Rug, Synthetics Rug
By Application
Residential Use, Commercial Use
By Companies
Balta Industries, Milliken & Company, Mohawk Industries, Nourison Industries, OW (Oriental Weavers), Shaw Industries, The Dixie Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Floor Rugs Market Report Segments:
The global Floor Rugs market is segmented on the basis of:
Types
Wool Rug, Silk Rug, Cotton Rug, Sisal, Jute & Sea Grass Rug, Animal Skins Rug, Synthetics Rug
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Balta Industries
- Milliken & Company
- Mohawk Industries
- Nourison Industries
- OW (Oriental Weavers)
- Shaw Industries
- The Dixie Group
Highlights of The Floor Rugs Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wool Rug
- Silk Rug
- Cotton Rug
- Sisal, Jute & Sea Grass Rug
- Animal Skins Rug
- Synthetics Rug
- By Application:
- Residential Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Floor Rugs Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Floor rugs are a type of flooring that is typically made from a variety of materials, including wool, cotton, or synthetic fibers. They are often designed to be durable and easy to clean.
Some of the key players operating in the floor rugs market are Balta Industries, Milliken & Company, Mohawk Industries, Nourison Industries, OW (Oriental Weavers), Shaw Industries, The Dixie Group.
The floor rugs market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Floor Rugs Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Floor Rugs Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Floor Rugs Market - Supply Chain
4.5. Global Floor Rugs Market Forecast
4.5.1. Floor Rugs Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Floor Rugs Market Size (000 Units) and Y-o-Y Growth
4.5.3. Floor Rugs Market Absolute $ Opportunity
5. Global Floor Rugs Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Floor Rugs Market Size and Volume Forecast by Type
5.3.1. Wool Rug
5.3.2. Silk Rug
5.3.3. Cotton Rug
5.3.4. Sisal, Jute & Sea Grass Rug
5.3.5. Animal Skins Rug
5.3.6. Synthetics Rug
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Floor Rugs Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Floor Rugs Market Size and Volume Forecast by Application
6.3.1. Residential Use
6.3.2. Commercial Use
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Floor Rugs Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Floor Rugs Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Floor Rugs Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Floor Rugs Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Floor Rugs Demand Share Forecast, 2019-2026
9. North America Floor Rugs Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Floor Rugs Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Floor Rugs Market Size and Volume Forecast by Application
9.4.1. Residential Use
9.4.2. Commercial Use
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Floor Rugs Market Size and Volume Forecast by Type
9.7.1. Wool Rug
9.7.2. Silk Rug
9.7.3. Cotton Rug
9.7.4. Sisal, Jute & Sea Grass Rug
9.7.5. Animal Skins Rug
9.7.6. Synthetics Rug
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Floor Rugs Demand Share Forecast, 2019-2026
10. Latin America Floor Rugs Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Floor Rugs Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Floor Rugs Market Size and Volume Forecast by Application
10.4.1. Residential Use
10.4.2. Commercial Use
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Floor Rugs Market Size and Volume Forecast by Type
10.7.1. Wool Rug
10.7.2. Silk Rug
10.7.3. Cotton Rug
10.7.4. Sisal, Jute & Sea Grass Rug
10.7.5. Animal Skins Rug
10.7.6. Synthetics Rug
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Floor Rugs Demand Share Forecast, 2019-2026
11. Europe Floor Rugs Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Floor Rugs Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Floor Rugs Market Size and Volume Forecast by Application
11.4.1. Residential Use
11.4.2. Commercial Use
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Floor Rugs Market Size and Volume Forecast by Type
11.7.1. Wool Rug
11.7.2. Silk Rug
11.7.3. Cotton Rug
11.7.4. Sisal, Jute & Sea Grass Rug
11.7.5. Animal Skins Rug
11.7.6. Synthetics Rug
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Maret Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Floor Rugs Demand Share, 2019-2026
12. Asia Pacific Floor Rugs Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Floor Rugs Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Floor Rugs Market Size and Volume Forecast by Application
12.4.1. Residential Use
12.4.2. Commercial Use
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Floor Rugs Market Size and Volume Forecast by Type
12.7.1. Wool Rug
12.7.2. Silk Rug
12.7.3. Cotton Rug
12.7.4. Sisal, Jute & Sea Grass Rug
12.7.5. Animal Skins Rug
12.7.6. Synthetics Rug
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Floor Rugs Demand Share, 2019-2026
13. Middle East & Africa Floor Rugs Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Floor Rugs Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Floor Rugs Market Size and Volume Forecast by Application
13.4.1. Residential Use
13.4.2. Commercial Use
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Floor Rugs Market Size and Volume Forecast by Type
13.7.1. Wool Rug
13.7.2. Silk Rug
13.7.3. Cotton Rug
13.7.4. Sisal, Jute & Sea Grass Rug
13.7.5. Animal Skins Rug
13.7.6. Synthetics Rug
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Floor Rugs Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Floor Rugs Market: Market Share Analysis
14.2. Floor Rugs Distributors and Customers
14.3. Floor Rugs Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Balta Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Milliken & Company
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Mohawk Industries
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nourison Industries
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. OW (Oriental Weavers)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shaw Industries
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. The Dixie Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
