Area Rugs Market by Application, Product, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR43091
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The area rugs market size will grow up to USD 1.44 billion at a CAGR of 1.59% during 2021-2025.

The area rugs market report extensively covers market segmentation 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) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Area Rugs Market Size be in 2021?

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Area Rugs Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The consumer shift toward interior design is notably driving the area rugs market growth, although factors such as intense competition from LVTs may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the area rugs market get your FREE report sample now.

This post-pandemic area rugs market report has assessed the shift in consumer behavior and identified and explored the upcoming trends, drivers, and challenges that will have a far-reaching effect on the market growth. Understanding market trends is essential for identifying new business opportunities across segmentations and geographies.

Who are the Major Area Rugs Market Vendors?

The area rugs market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The leading companies included in the report are as follows:

 

  • 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.

 

The area rugs market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The area rugs market is fragmented and is expected to provide favorable growth enviroment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the area rugs market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Area Rugs Market?

Area-Rugs-Market-Market-Share-by-Region-2020-2025

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The area rugs market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 40% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for area rugs in North America.

North America has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The growing demand for high end luxury area rugs has been identified as one of the chief factors that will drive the area rugs market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Area Rugs Market?

Area-Rugs-Market-Market-Share-by-Product-2020-2025

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The area rugs market share growth by the machine-made area rugs segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the area rugs market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Area Rugs Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive area rugs market growth during the next five years
  • Precise estimation of the area rugs market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the area rugs market across North America, APAC, Europe, South America, and MEA 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of area rugs market vendors

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Area Rugs Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2%

Market growth 2021-2025

$ 1.44 billion

Market structure

Fragmented

YoY growth (%)

1.08

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 40%

Key consumer countries

US, China, UK, Canada, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Machine-made area rugs - Market size and forecast 2020-2025
    • Handmade area rugs - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Market opportunity by Application

    Market Segmentation by Distribution channel

    • Market segments
    • Comparison by Distribution channel
    • Offline - Market size and forecast 2020-2025
    • Online - Market size and forecast 2020-2025
    • Market opportunity by Distribution channel

    Customer landscape

    • Customer landscape

    Geographic Landscape

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

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption
    • Competitive scenario

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • 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.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
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    The area rugs market growth will increase by $669.81 million during 2019-2024.
    The area rugs market is expected to grow at a CAGR of 0.70% during 2019-2024.
    Technavio has segmented the area rugs market by product (Machine-made area rugs and Handmade area rugs) ,distribution channel (Offline and Online) , and application (Residential and Commercial).
    Balta Group NV, Berkshire Hathaway Inc., Capel Inc., Harounian Rugs International, Kalaty Rug Corp., Milliken & Co., Mohawk Industries Inc., Oriental Weavers Group, The Dixie Group Inc., The Natural Carpet Co. are a few of the key vendors in the area rugs market.
    APAC will register the highest growth rate of 59.53% among the other regions. Therefore, the area rugs market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • China
    • UK
    • Canada
    • Germany
    The key factors driving the area rugs market growth are:
    • Consumer shift toward interior design
    The area rugs market vendors should focus on grabbing business opportunities from the machine-made area rugs segment as it accounted for the largest market share in the base year.
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