Middle East & Africa Area Rugs Market Forecast to 2028
Middle East & Africa 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
Surging demand for Area Rugs Made from Natural Fibers Fuels Middle East & Africa Area Rugs Market
In recent years, the demand for products made from natural materials has been on the rise. People in different countries across the region are becoming increasingly conscious of sustainability issues and the entire life cycle of products and materials right from the origin or source. These days, more and more people are choosing to shop for sustainable, natural, and bio-based products to protect the environment. The growing concern for the environment has also resulted in surging demand for area rugs made from natural fibers. Different natural fibers are used for making area rugs, including wool, cotton, jute, hemp, sisal, bamboo, seagrass, and many others. There are various advantages of using natural fiber for making area rugs. Many natural fiber rugs can be dyed in different colors and woven into beautiful and intricate patterns. Many natural fibers have coatings that cause them to repel dirt and be stain resistant. They are generally very strong, durable materials derived from renewable resources. They are also eco-friendly choices. The natural fiber rugs are easy to clean, adding to their appeal.
Wool is a renewable resource that is naturally resistant to staining. Wool area rugs are most commonly known for their durability. Wool fibers have an organic coating that causes them to naturally repel water and stains. This makes wool a naturally stain-resistant material. Wool area rugs are biodegradable and recyclable. Hence, they help cut down production costs, which benefits consumers and manufacturers. Hemp is another popular eco-friendly material used in the production of area rugs as it goes through minimal processing before being spun into yarn cords. Hemp rugs resist most dirt, and their tan hues help hide any dirt that is present. Seagrass is another natural fiber used in making area rugs. This type of area rug is becoming increasingly popular due to its benefits, such as biodegradable and eco-friendly nature, water and strain resistance, antimicrobial and mildew resistance properties, and many other benefits.
Further, various manufacturers are also highly focusing on developing area rugs made from natural fibers in response to growing consumer concern about the environment. Manufacturers are promoting green manufacturing by producing eco-friendly area rugs. Hence, the trend of surging demand for area rugs made from natural fibers is expected to boost the Middle East & Africa area rugs market growth during the forecast period.
Middle East & Africa Area Rugs Market Overview
The Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and others. Home renovation and remodeling activities are increasing in many countries of the Middle East and Africa, mainly due to growing government support for the same, especially in the developed countries of the region. In the Middle East and Africa, carpets and rugs are essential for any household. They can be used across other applications, including commercial, and institutional. As per the data provided by CBRE Group, the world’s largest commercial and investment firm, the total value of real estate projects in GCC currently stands at US$ 1.36 trillion; Saudi Arabia accounted for 64.5% of the total value. An area rug is added to a hard surface floor, such as hardwood, laminate, or tile. It can even be laid over a wall-to-wall carpet. The increase in infrastructural development activities in the Middle East and Africa, coupled with the rise in spending on affordable housing renovation, is boosting the growth of the residential construction sector. Area rugs are widely used to enhance home décor and give rooms a decorative look. This, in turn, is driving the Middle East & Africa area rugs market growth in the region.
Middle East & Africa Area Rugs Market Revenue and Forecast to 2028 (US$ Million)
Middle East & Africa Area Rugs Market Segmentation
The Middle East & Africa area rugs market is segmented into type, end-use, and country.
Based on type, the Middle East & Africa area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held the largest share of the Middle East & Africa area rugs market in 2023.
Based on end-use, the Middle East & Africa area rugs market is segmented into residential and nonresidential. The residential segment held the largest share of the Middle East & Africa area rugs market in 2023.
Based on country, the Middle East & Africa area rugs market is segmented into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa area rugs market in 2023.
Amer Rugs Inc, Faze Three Ltd, Golden Carpets Ltd, and Riztex USA Inc are some of the leading companies operating in the Middle East & Africa area rugs market.
Summary Info
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According to the research team research, the Middle East & Africa area rugs market was valued at US$ 653.17 million in 2023 and is expected to reach US$ 856.44 million by 2028, registering a CAGR of 5.6% 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 Middle East & Africa area rugs market expansion.
The residential construction sector in different countries across the region is experiencing strong growth due to the growing demand for housing in urban regions, the increasing infrastructural development activities, the rising population, and the surging disposable income of people. The growth in population has resulted in more requirements for space for accommodation, especially in tier 1 cities. Various drivers have led to a boom in the country’s construction investment. Further, various government bodies are investing in the development of the residential construction sector.
In the residential sector, area rugs are highly used to enhance home décor and give rooms a decorative look. Due to improved technologies, modern area rugs are blended with prints, photos, and graphics to showcase furniture and complement the look of a room. There is a growing demand for area rugs to decorate indoor and outdoor spaces in the residential sector. Thus, the strong growth of the residential construction sector in various countries across the region is driving the demand for area rugs.
On the contrary, availability of substitute products hampers the Middle East & Africa Area Rugs Market.
Based on type, the Middle East & Africa area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held 58.8% share of Middle East & Africa Area Rugs Market in 2023, amassing US$ 384.13 million. It is projected to garner US$ 514.67 million by 2028 to expand at 6.0% CAGR during 2023–2028.
Based on end-use, the Middle East & Africa area rugs market is segmented into residential and nonresidential. The residential segment held 77.7% share of Middle East & Africa Area Rugs Market in 2023, amassing US$ 507.73 million. It is projected to garner US$ 662.47 million by 2028 to expand at 5.5% CAGR during 2023–2028.
Based on country, the Middle East & Africa area rugs market has been categorized into South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 47.0% share of Middle East & Africa Area Rugs Market in 2023. It was assessed at US$ 307.17 million in 2023 and is likely to hit US$ 394.16 million by 2028, exhibiting a CAGR of 5.1% during 2023–2028.
Key players operating in the Middle East & Africa area rugs market are Amer Rugs Inc, Faze Three Ltd, Golden Carpets 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa 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 Middle East & Africa Area Rugs Market, by Type
1.3.2 Middle East & Africa Area Rugs Market, by End Use
1.3.3 Middle East & Africa 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. Middle East & Africa Area Rugs Market Landscape
4.1 Market Overview
4.2 Middle East & Africa PEST Analysis
4.3 Expert Opinion
5. Middle East & Africa 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– Middle East & Africa Market Analysis
6.1 Middle East & Africa Area Rugs Market Overview
6.2 Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
7. Middle East & Africa Area Rugs Market Analysis – By Type
7.1 Overview
7.2 Middle East & Africa Area Rugs Market, By Type (2022 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: Middle East & Africa Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Nylon
7.4.1 Overview
7.4.2 Nylon: Middle East & Africa Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Synthetic Fibers
7.5.1 Overview
7.5.2 Synthetic Fibers: Middle East & Africa Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: Middle East & Africa Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8. Middle East & Africa Area Rugs Market Analysis – By End Use
8.1 Overview
8.2 Middle East & Africa Area Rugs Market, By End Use (2022 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Middle East & Africa Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Nonresidential
8.4.1 Overview
8.4.2 Nonresidential: Middle East & Africa Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
9. Middle East & Africa Area Rugs Market – Country Analysis
9.1 Overview
9.1.1 Middle East & Africa Area Rugs Market, by Key Country
9.1.1.1 South Africa: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Middle East & Africa Area Rugs Market, by Type
9.1.1.1.2 South Africa: Middle East & Africa Area Rugs Market, by End Use
9.1.1.2 Saudi Arabia: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Middle East & Africa Area Rugs Market, by Type
9.1.1.2.2 Saudi Arabia: Middle East & Africa Area Rugs Market, by End Use
9.1.1.3 UAE: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Middle East & Africa Area Rugs Market, by Type
9.1.1.3.2 UAE: Middle East & Africa Area Rugs Market, by End Use
9.1.1.4 Rest of Middle East and Africa: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of Middle East and Africa: Middle East & Africa Area Rugs Market, by Type
9.1.1.4.2 Rest of Middle East and Africa: Middle East & Africa 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 Faze Three 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 Golden Carpets 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
12. Appendix
12.1 About Research Team
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. South Africa: Middle East & Africa Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Middle East & Africa Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. Saudi Arabia: Middle East & Africa Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Middle East & Africa Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. UAE: Middle East & Africa Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Middle East & Africa Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Rest of Middle East and Africa: Middle East & Africa Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of Middle East and Africa: Middle East & Africa Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 10. Glossary of Terms, Middle East & Africa Area Rugs Market
LIST OF FIGURES
Figure 1. Middle East & Africa Area Rugs Market Segmentation
Figure 2. Middle East & Africa Area Rugs Market Segmentation – By Country
Figure 3. Middle East & Africa Area Rugs Market Overview
Figure 4. Middle East & Africa Area Rugs Market, By End Use
Figure 5. Middle East & Africa Area Rugs Market, by Country
Figure 6. Middle East and Africa – Pest Analysis
Figure 7. Expert Opinion
Figure 8. Middle East & Africa Area Rugs Market Impact Analysis of Drivers and Restraints
Figure 9. Middle East & Africa Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
Figure 10. Middle East & Africa Area Rugs Market Revenue Share, By Type (2022 and 2028)
Figure 11. Wool: Middle East & Africa Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 12. Nylon: Middle East & Africa Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 13. Synthetic Fibers: Middle East & Africa Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: Middle East & Africa Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 15. Middle East & Africa Area Rugs Market Revenue Share, By End Use (2022 and 2028)
Figure 16. Residential: Middle East & Africa Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 17. Nonresidential: Middle East & Africa Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
Figure 18. Middle East & Africa Area Rugs Market, by Key Country– Revenue (2022) (US$ Mn)
Figure 19. Middle East & Africa Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 20. South Africa: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 21. Saudi Arabia: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 22. UAE: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Figure 23. Rest of Middle East and Africa: Middle East & Africa Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
The List of Companies – Middle East & Africa Area Rugs Market
o Amer Rugs Inc
o Faze Three Ltd
o Golden Carpets Ltd
o Riztex USA Inc
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