The latest study conducted by Global Market Insights Inc. claims that the Decorative Rugs Market size  will cross USD 6.5 billion by 2032. Growing e-commerce sector and online retail will boost sales of decorative rugs over the forecast years.

The emergence of online retail has improved consumer access to premium and high-quality home decor products. Additionally, middle-income groups are able to find a wide range of affordable options on e-commerce platforms providing access to diverse materials, styles, designs, and price points. Due to the optimum level of convenience and accessibility, e-commerce has gained traction worldwide.

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Rapid urbanization boosts demand for machine-made rugs

Machine-made decorative rugs market size will expand at 7% CAGR from 2023-2032. Machine-made rugs are preferred due to their durability, affordability, easy maintenance, and availability in a variety of designs. The introduction of advanced manufacturing equipment and automated tools is allowing companies to design high-quality rugs. While handcrafted rugs have a certain appeal, they are time, energy, and cost-intensive, whereas machine-made commodities tend to be cost-effective, easier, and faster to produce. Additionally, these rugs are easy to clean, which makes them an ideal fit for urban and busy households.

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Rising commercial infrastructure development

Decorative rugs market share from commercial end-use segment will surpass USD 4.5 billion by 2032. Decorative rugs find widespread demand from commercial spaces such as retail stores, offices, restaurants, hotels, and hospitality venues, among others. Commercial buildings invest heavily in improving the functional and aesthetic value of their spaces by adding decorative items for enhancing acoustics or protecting flooring. With the increasing focus on enhancing the interior aesthetic of commercial spaces, several retailers and officers are spending on easy-to-maintain products. Manufacturers of decorative rugs are providing commercial customers with a wide variety of materials, designs, sizes, and customization options.

Booming construction & tourism sectors in APAC nations

Asia Pacific decorative rugs market will value over USD 1 billion by 2032. Rapid urbanization, rising disposable income, and changing consumer lifestyles are driving the decorative rugs industry growth in APAC. Countries such as India, South Korea, China, Japan, and Australia are witnessing a rise in demand for decorative rugs on account of the increasing residential and commercial construction.

The number of retail outlets, hotels, and restaurants in these countries has increased notably in the recent past due to the thriving tourism sector in the APAC region. Furthermore, a steady rise in disposable incomes is resulting in large spending on home décor products, which may boost product demand in the region.

Decorative rugs competitive landscape

Agnella, Balta Group, Loloi Inc., Mohawk Industries Inc., Harounian Rugs International, Kalaty Rug Corp., Milliken and Co., Momeni Inc., Bukhara Oriental Rugs, are some of the leading companies in the decorative rugs market. These brands are focusing on product innovation to attract a larger customer base. For instance, in January 2023, Milliken & Company announced the successful elimination of all per- & poly-fluoroalkyl substances (PFAS) from its textile fibers and finishes portfolio, emerging as the first American multi-market textile company to remove PFAS.

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