Europe Area Rugs Market Forecast to 2028
Europe 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
Increasing Use of Area Rugs in Interior Designs Fuels Europe Area Rugs Market
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 Europe area rugs market growth.
Europe Area Rugs Market Overview
The Europe area rugs market is segmented into Germany, France, Italy, Russia, the UK, and the Rest of Europe. The market is competitive in these countries as the carpets and rugs imported and manufactured in Europe are subject to various regulations such as the Construction Products Regulation (CPR); General Product Safety Directive (GPSD); and The Registration, Evaluation, Authorization, And Restriction Of Chemicals (REACH), which restricts the usage of chemicals and harmful substances. They regulate and standardize the flammability standards, labeling, testing requirements, and heavy metals used in general consumer products in Europe. The European governing bodies operating in the carpet & rug sector support sustainability and renewability transition by taking strategic initiatives. For instance, in December 2022, the European Carpet and Rug Association (ECRA) teamed up with Carpet Recycling UK (CRUK). ECRA stated that this joining initiative with CRUK will help their members develop coherent carpets and rugs industry standard approach to transition into a circular economy.
The expanding tourism & hospitality industry in Europe creates demand for area rugs in hotels, resorts, and other accommodation facilities. According to Eurostat, the total bookings per night in tourists’ accommodation was 2.72 billion in 2022 compared with 2.88 billion in 2019. Also, the substantial increase in the bookings per night in 2020 was recorded at 1.42 billion, and rose by 91.1%, and it was recorded at 1.83 billion in 2021, an increase of 48.3% in 2022. Hence, with this data, it has shown that, tourism industry has strongly rebounded in Europe.
Due to rising spending by constructors, growing residential housing construction activities in European countries such as the UK, France, Russia, and Turkey are expected to increase the demand for flooring aesthetics, including area rugs, during the forecast period. However, the availability of alternatives such as hardwood flooring, vinyl flooring, and carpets hinders the European Europe area rugs market growth. Also, increasing environmental awareness and a preference for eco-friendly products may positively impact the demand for area rugs made of sustainable materials. Furthermore, contemporary designs with geometric patterns and abstract motifs are gaining popularity among European consumers, reflecting modern interior design trends. Vintage and retro-inspired area rugs with traditional patterns and colors are also experiencing a resurgence, appealing to consumers seeking a nostalgic or classic look. Additionally, manufacturers offer customized and personalized area rugs to cater to individual customer preferences. Further, booming e-commerce platforms in Europe have opened up new avenues for manufacturers and distributors to reach a broader customer base and increase sales of flooring materials, including area rugs. Thus, all the above factors bolster the Europe area rugs market growth across Europe.
Europe Area Rugs Market Revenue and Forecast to 2028 (US$ Million)
Europe Area Rugs Market Segmentation
The Europe area rugs market is segmented into type, end-use, and country.
Based on type, the Europe area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held the largest share of the Europe area rugs market in 2023.
Based on end-use, the Europe area rugs market is segmented into residential and nonresidential. The residential segment held the largest share of the Europe area rugs market in 2023.
Based on country, the Europe area rugs market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe area rugs market in 2023.
Amer Rugs Inc, Faze Three Ltd, Golden Carpets Ltd, Nodi Handmade Rugs Ltd, Riviere Rugs Ltd, and Riztex USA Inc are some of the leading companies operating in the Europe area rugs market.
Summary Info
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According to the research team research, the Europe area rugs market was valued at US$ 2,777.04 million in 2023 and is expected to reach US$ 3,442.56 million by 2028, registering a CAGR of 4.4% 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 Europe area rugs market expansion.
The players operating in the Europe 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 Europe area rugs market are expected to offer more lucrative opportunities for the market growth during the forecast period.
On the contrary, availability of substitute products hampers the Europe Area Rugs Market.
Based on type, the Europe area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held 52.7% share of Europe Area Rugs Market in 2023, amassing US$ 1,464.08 million. It is projected to garner US$ 1,858.43 million by 2028 to expand at 4.9% CAGR during 2023–2028.
Based on end-use, the Europe area rugs market is segmented into residential and nonresidential. The residential segment held 59.4% share of Europe Area Rugs Market in 2023, amassing US$ 1,648.90 million. It is projected to garner US$ 2,032.62 million by 2028 to expand at 4.3% CAGR during 2023–2028.
Based on country, the Europe area rugs market has been categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 23.6% share of Europe Area Rugs Market in 2023. It was assessed at US$ 655.15 million in 2023 and is likely to hit US$ 819.97 million by 2028, exhibiting a CAGR of 4.6% during 2023–2028.
Key players operating in the Europe area rugs market are Amer Rugs Inc, Faze Three Ltd, Golden Carpets Ltd, Nodi Handmade Rugs Ltd, Riviere Rugs Ltd, and Riztex USA Inc, among others.
o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe Area Rugs Market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the Europe Area Rugs Market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Research Team Report Guidance
1.3 Market Segmentation
1.3.1 Europe Area Rugs Market, by Type
1.3.2 Europe Area Rugs Market, by End Use
1.3.3 Europe 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. Europe Area Rugs Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.3 Expert Opinion
5. Europe 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– Europe Market Analysis
6.1 Europe Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
7. Europe Area Rugs Market Analysis – By Type
7.1 Overview
7.2 Europe Area Rugs Market, By Type (2022 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: Europe Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Nylon
7.4.1 Overview
7.4.2 Nylon: Europe Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Synthetic Fibers
7.5.1 Overview
7.5.2 Synthetic Fibers: Europe Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Europe Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8. Europe Area Rugs Market Analysis – By End Use
8.1 Overview
8.2 Europe Area Rugs Market, By End Use (2022 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Europe Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Nonresidential
8.4.1 Overview
8.4.2 Nonresidential: Europe Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Area Rugs Market – Country Analysis
9.1 Overview
9.1.1 Europe Area Rugs Market, by Key Country
9.1.1.1 Germany: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Germany: Europe Area Rugs Market, by Type
9.1.1.1.2 Germany: Europe Area Rugs Market, by End Use
9.1.1.2 France: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 France: Europe Area Rugs Market, by Type
9.1.1.2.2 France: Europe Area Rugs Market, by End Use
9.1.1.3 Italy: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Italy: Europe Area Rugs Market, by Type
9.1.1.3.2 Italy: Europe Area Rugs Market, by End Use
9.1.1.4 United Kingdom: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 United Kingdom: Europe Area Rugs Market, by Type
9.1.1.4.2 United Kingdom: Europe Area Rugs Market, by End Use
9.1.1.5 Russia: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
9.1.1.5.1 Russia: Europe Area Rugs Market, by Type
9.1.1.5.2 Russia: Europe Area Rugs Market, by End Use
9.1.1.6 Rest of Europe: Europe Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.6.1 Rest of Europe: Europe Area Rugs Market, by Type
9.1.1.6.2 Rest of Europe: Europe 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 Faze Three Ltd
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 Golden Carpets 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
12. Appendix
12.1 About Research Team
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Europe Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Germany: Europe Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. France: Europe Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. France: Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. Italy: Europe Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Italy: Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. United Kingdom: Europe Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. United Kingdom: Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. Russia: Europe Area Rugs Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 11. Russia: Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 12. Rest of Europe: Europe Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. Rest of Europe: Europe Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 14. Glossary of Terms, Europe Area Rugs Market
LIST OF FIGURES
Figure 1. Europe Area Rugs Market Segmentation
Figure 2. Europe Area Rugs Market Segmentation – By Country
Figure 3. Europe Area Rugs Market Overview
Figure 4. Europe Area Rugs Market, By End Use
Figure 5. Europe Area Rugs Market, by Country
Figure 6. Europe – Pest Analysis
Figure 7. Expert Opinion
Figure 8. Europe Area Rugs Market Impact Analysis of Drivers and Restraints
Figure 9. Europe Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Europe Area Rugs Market Revenue Share, By Type (2022 and 2028)
Figure 11. Wool: Europe Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. Nylon: Europe Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Synthetic Fibers: Europe Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: Europe Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Europe Area Rugs Market Revenue Share, By End Use (2022 and 2028)
Figure 16. Residential: Europe Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Nonresidential: Europe Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Europe Area Rugs Market, by Key Country– Revenue (2022) (US$ Mn)
Figure 19. Europe Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 20. Germany: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 21. France: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 22. Italy: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 23. United Kingdom: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 24. Russia: Europe Area Rugs Market–Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of Europe: Europe Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Europe Area Rugs Market
o Amer Rugs Inc
o Faze Three Ltd
o Golden Carpets Ltd
o Nodi Handmade Rugs Ltd
o Riviere Rugs Ltd
o Riztex USA Inc
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