Asia Pacific Area Rugs Market Forecast to 2028

Asia Pacific Area Rugs Market Forecast to 2028 – Regional Analysis – by Type (Wool, Nylon, Synthetic Fibers, and Others) and End-Use (Residential and Nonresidential)

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Description

The Asia Pacific area rugs market is expected to grow from US$ 3,610.69 million in 2023 to US$ 4,657.66 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2023 to 2028.

New Product Launches and Product Innovations Fuels Asia Pacific Area Rugs Market

The players operating in the Asia Pacific area rugs market are focusing on adopting different strategies, such as investments in research and development activities and new product launches, to stand out as strong competitor in the market. Manufacturers are developing area rugs that meet increasing consumer demand for high-product quality and durability. With the growth in building remodeling, renovation, and residential and non-residential construction activities, manufacturers are also producing high-quality products to keep up with the growing consumer demand for area rugs. The area rugs will be designed for cutting-edge performance along with broadloom qualities and textures, with plush, thick piles and greater density. The new product launches and product innovations in the Asia Pacific area rugs market are expected to offer more lucrative opportunities for market growth during the forecast period.

Asia Pacific Area Rugs Market Overview

In Asia Pacific, the construction industry is expected to be driven by high spending on the development of the commercial sector. Asia Pacific is the world’s largest region in terms of infrastructure investment. An increase in commercial projects in emerging countries such as India, China, Indonesia, Vietnam, and the Philippines will positively contribute to the market growth. According to real estate Asia, the investment in the Southeast Asia real estate market reached ~US$ 19 billion in 2022, which was the highest in the decade. Vietnam and Indonesia surpassed the average investment in the last 10 years. The growing demand for aesthetically pleasing durable, and easy-to-maintain products such as carpets and rugs is expected to drive the market in Asia Pacific over the forecast period. Area rugs are highly utilized in all major commercial sectors of Asia Pacific, such as corporate, healthcare, education, retail, and hospitality. The market is competitive and dynamic because of the significant presence of manufacturers and associated nonresidential construction businesses in the region. Thus, the growing building & construction industry in the region is boosting the nonresidential sector growth, propelling the Asia Pacific area rugs market growth.

Asia Pacific Area Rugs Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Area Rugs Market Segmentation

The Asia Pacific area rugs market is segmented into type, end-use, and country.

Based on type, the Asia Pacific area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held the largest share of the Asia Pacific area rugs market in 2023.

Based on end-use, the Asia Pacific area rugs market is segmented into residential and nonresidential. The nonresidential segment held the largest share of the Asia Pacific area rugs market in 2023.

Based on country, the Asia Pacific area rugs market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific area rugs market in 2023.

Amer Rugs Inc, Faze Three Ltd, Golden Carpets Ltd, Maa Collections, Nodi Handmade Rugs Ltd, Riviere Rugs Ltd, and Riztex USA Inc are some of the leading companies operating in the Asia Pacific area rugs market.

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At 5.2% CAGR, the Asia Pacific Area Rugs Market is speculated to be worth US$ 4,657.66 million by 2028, saysthe research team

According tothe research team research, the Asia Pacific area rugs market was valued at US$ 3,610.69 million in 2023 and is expected to reach US$ 4,657.66 million by 2028, registering a CAGR of 5.2% from 2023 to 2028. Strong growth of residential construction sector and increasing use of area rugs in interior designs are the critical factors attributed to the Asia Pacific area rugs market expansion.

Nowadays, factors such as increasing urbanization, rising disposable income, and changing lifestyle preferences of consumers have resulted in consumers investing a high amount in home decor and furnishings to enhance the aesthetics of homes. This has also resulted in increasing demand for area rugs to decorate interior spaces. Area rugs are one of the highly used home accessories in interior design projects. Area rug gives a stylish look and effortlessly transforms a room. Area rugs also have a unique demeanor of bringing together all of the decorative elements. There are various advantages of area rugs, such as protection of the floor from damage, noise reduction, comfort, easier to clean, enhances decor and brightens rooms. Modern area rugs are blended with prints, photos, and graphics to showcase furniture and complement the look of a room. Adding an area rug to the living room effortlessly changes the appearance of the room and anchors furniture. Area rugs with pads under the rugs offer a more efficient and affordable option to warm up the home. Area rugs are warmer than hard floors and have a higher insulating value as they trap warmth and make space cozier. Area rugs are available in different shapes, textures, designs, sizes and colors, and they can be custom-made to meet the specifications of the user. All these advantages of area rugs are driving their use in interior designs. In addition, the growth in home renovation and remodeling activities is also driving the demand for area rugs. Further, there is also a high use of area rugs in interior designs in hotels and commercial buildings. Therefore, the increasing use of area rugs in interior designs is mainly driving the Asia Pacific area rugs market growth.

On the contrary, availability of substitute products hampers the Asia Pacific Area Rugs Market.

Based on type, the Asia Pacific area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held 52.6% share of Asia Pacific Area Rugs Market in 2023, amassing US$ 1,897.84 million. It is projected to garner US$ 2,499.15 million by 2028 to expand at 5.7% CAGR during 2023–2028.

Based on end-use, the Asia Pacific area rugs market is segmented into residential and nonresidential. The nonresidential segment held 69.2% share of Asia Pacific Area Rugs Market in 2023, amassing US$ 2,500.44 million. It is projected to garner US$ 3,238.93 million by 2028 to expand at 5.3% CAGR during 2023–2028.

Based on country, the Asia Pacific area rugs market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 41.0% share of Asia Pacific Area Rugs Market in 2023. It was assessed at US$ 1,479.78 million in 2023 and is likely to hit US$ 1,897.93 million by 2028, exhibiting a CAGR of 5.1% during 2023–2028.

Key players operating in the Asia Pacific area rugs market are Amer Rugs Inc, Faze Three Ltd, Golden Carpets Ltd, Maa Collections, Nodi Handmade Rugs Ltd, Riviere Rugs Ltd, and Riztex USA Inc, among others.

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TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
1.3.1 Asia Pacific Area Rugs Market, by Type
1.3.2 Asia Pacific Area Rugs Market, by End Use
1.3.3 Asia Pacific Area Rugs Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Area Rugs Market Landscape
4.1 Market Overview
4.2 Asia Pacific PEST Analysis
4.3 Expert Opinion
5. Asia Pacific Area Rugs Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Strong Growth of Residential Construction Sector
5.1.2 Increasing Use of Area Rugs in Interior Designs
5.2 Market Restraint
5.2.1 Availability of Substitute Products
5.3 Market Opportunity
5.3.1 New Product Launches and Product Innovations
5.4 Future Trend
5.4.1 Surging Demand for Area Rugs Made from Natural Fibers
5.5 Impact Analysis
6. Area Rugs– Asia Pacific Market Analysis
6.1 Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
7. Asia Pacific Area Rugs Market Analysis – By Type
7.1 Overview
7.2 Asia Pacific Area Rugs Market, By Type (2022 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Nylon
7.4.1 Overview
7.4.2 Nylon: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Synthetic Fibers
7.5.1 Overview
7.5.2 Synthetic Fibers: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8. Asia Pacific Area Rugs Market Analysis – By End Use
8.1 Overview
8.2 Asia Pacific Area Rugs Market, By End Use (2022 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Nonresidential
8.4.1 Overview
8.4.2 Nonresidential: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
9. Asia Pacific Area Rugs Market – Country Analysis
9.1 Overview
9.1.1 Asia Pacific Area Rugs Market, by Key Country
9.1.1.1 Australia: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Australia: Asia Pacific Area Rugs Market, by Type
9.1.1.1.2 Australia: Asia Pacific Area Rugs Market, by End Use
9.1.1.2 China: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 China: Asia Pacific Area Rugs Market, by Type
9.1.1.2.2 China: Asia Pacific Area Rugs Market, by End Use
9.1.1.3 India: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 India: Asia Pacific Area Rugs Market, by Type
9.1.1.3.2 India: Asia Pacific Area Rugs Market, by End Use
9.1.1.4 Japan: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Japan: Asia Pacific Area Rugs Market, by Type
9.1.1.4.2 Japan: Asia Pacific Area Rugs Market, by End Use
9.1.1.5 South Korea: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 South Korea: Asia Pacific Area Rugs Market, by Type
9.1.1.5.2 South Korea: Asia Pacific Area Rugs Market, by End Use
9.1.1.6 Rest of Asia Pacific: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Asia Pacific: Asia Pacific Area Rugs Market, by Type
9.1.1.6.2 Rest of Asia Pacific: Asia Pacific Area Rugs Market, by End Use
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Riztex USA Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Amer Rugs Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Nodi Handmade Rugs Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Riviere Rugs Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Maa Collections
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Faze Three Ltd
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Golden Carpets Ltd
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
12. Appendix
12.1 About
12.2 Glossary of Terms

LIST OF TABLES

Table 1. Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Australia: Asia Pacific Area Rugs Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 3. Australia: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. China Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. India: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. India: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. South Korea: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Asia Pacific: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Asia Pacific: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Asia Pacific Area Rugs Market

LIST OF FIGURES

Figure 1. Asia Pacific Area Rugs Market Segmentation
Figure 2. Asia Pacific Area Rugs Market Segmentation – By Country
Figure 3. Asia Pacific Area Rugs Market Overview
Figure 4. Asia Pacific Area Rugs Market, By End Use
Figure 5. Asia Pacific Area Rugs Market, by Country
Figure 6. Asia Pacific – Pest Analysis
Figure 7. Expert Opinion
Figure 8. Asia Pacific Area Rugs Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Asia Pacific Area Rugs Market Revenue Share, By Type (2022 and 2028)
Figure 11. Wool: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. Nylon: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Synthetic Fibers: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Asia Pacific Area Rugs Market Revenue Share, By End Use (2022 and 2028)
Figure 16. Residential: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Nonresidential: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Asia Pacific Area Rugs Market, by Key Country– Revenue (2022) (US$ Mn)
Figure 19. Asia Pacific Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 20. Australia: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 21. China: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 22. India: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Japan: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 24. South Korea: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Asia Pacific: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)

The List of Companies – Asia Pacific Area Rugs Market

– Amer Rugs Inc
– Faze Three Ltd
– Golden Carpets Ltd
– Maa Collections
– Nodi Handmade Rugs Ltd
– Riviere Rugs Ltd
– Riztex USA Inc

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