Global Floor Rugs Market Size, Share and Trends Analysis Report, by Type (Wool Rug, Silk Rug, Cotton Rug, Sisal, Jute & Sea Grass Rug, Animal Skins Rug, and Synthetics Rug), and by Application (Residential Use, and Commercial Use), Forecast Period (2022-2028)

The global floor rugs market is anticipated to grow at a CAGR of 3.5% during the forecast period. Floor rugs are popular because they are both aesthetically pleasing and functional it is a floor covering addition that enhances the overall beauty of a home or office’s decor. Rugs add a layer of padding to floors, protecting them. Rugs are a boon to those who live in cold climates due to they keep the floor from becoming too cold. Rugs are widely used in commercial, residential, and industrial settings and rugs are in higher demand in developed economies.The increase in remodelling and renovation activities, as well as rising urbanisation and globalisation, are major drivers influencing the growth of floor rugs market. Furthermore, rising consumer interest in interior decoration, expansion of the transportation and construction industries, rising demand for eco-friendly rugs, and increased adoption of rugs will all contribute to the floor  rugs market’s rapid market growth.

Furthermore, the increasing importance of organised retailing and the growing number of construction activities in developing economies provide beneficial opportunities for the growth of floor rugs. However, the high cost of raw materials is hindering the growth of the floor rugs market. Waste disposal will pose a challenge to the growth rate of the floor rugs market. The floor rugs North America is anticipated to dominate the floor rugs market due to high disposable income and growing adoption of interior with changing home decoration trends among all population. Asia-Pacific, on the other hand, is witnessing the highest growth due to an increase in construction activities and growing demand for various types of flooe rugs in this region’s residential and commercial sectors.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Balta Industries, Milliken & Company, Mohawk Industries, Nourison Industries, OW (Oriental Weavers), among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Floor Rugs Market Report by Segment

By Type

• Wool Rug
• Silk Rug
• Cotton Rug
• Sisal
• Jute & Sea Grass Rug
• Animal Skins Rug
• Synthetics Rug

By Application

• Residential Use
• Commercial Use

Global Floor Rugs Market Report by Region

North America

• US
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa