South & Central America Area Rugs Market Forecast to 2028

South & Central America 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 South & Central America area rugs market is expected to grow from US$ 485.07 million in 2023 to US$ 582.52 million by 2028. It is estimated to grow at a CAGR of 3.7% from 2023 to 2028.

New Product Launches and Product Innovations Fuels South & Central America Area Rugs Market

The players operating in the South & Central America 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 South & Central America area rugs market are expected to offer more lucrative opportunities for market growth during the forecast period.

South & Central America Area Rugs Market Overview

South & Central America is segmented into Brazil, Argentina, and Rest of South & Central America. The increasing government spending on residential and nonresidential infrastructural development is expected to play an essential role in augmenting the demand for area rugs in South & Central America. Increasing urbanization and growing population in South & Central America are expected to fuel the growth of the South & Central America area rugs market over the forecast period. South & Central America is among the fast-developing area rugs markets globally; however, it is less mature and slower compared to other regions. Brazil and Argentina are driving the market in the region. The rising demand for convenient and most luxurious items to improve the home décor is expected to create opportunities for the South & Central America area rugs market. Moreover, consumer preferences for aesthetically improved designs, textures, and colors as well as low-maintenance and easy-to-install home décor products are anticipated to boost the South & Central America area rugs market growth.

South & Central America Area Rugs Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Area Rugs Market Segmentation

The South & Central America area rugs market is segmented into type, end-use, and country.

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

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

Based on country, the South & Central America area rugs market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America 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 South & Central America area rugs market.

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At 3.7% CAGR, the South & Central America Area Rugs Market is speculated to be worth US$ 582.52 million by 2028, saysthe research team

According tothe research team research, the South & Central America area rugs market was valued at US$ 485.07 million in 2023 and is expected to reach US$ 582.52 million by 2028, registering a CAGR of 3.7% 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 South & Central America area rugs market expansion.

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 South & Central America area rugs market growth during the forecast period.

On the contrary, availability of substitute products hampers the South & Central America area rugs market.

Based on type, the South & Central America area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held 54.0% share of South & Central America area rugs market in 2023, amassing US$ 261.85 million. It is projected to garner US$ 320.73 million by 2028 to expand at 4.1% CAGR during 2023–2028.

Based on end-use, the South & Central America area rugs market is segmented into residential and nonresidential. The residential segment held 72.7% share of South & Central America area rugs market in 2023, amassing US$ 352.76 million. It is projected to garner US$ 423.84 million by 2028 to expand at 3.7% CAGR during 2023–2028.

Based on country, the South & Central America area rugs market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 47.7% share of South & Central America area rugs market in 2023. It was assessed at US$ 231.37 million in 2023 and is likely to hit US$ 273.76 million by 2028, exhibiting a CAGR of 3.4% during 2023–2028.

Key players operating in the South & Central America area rugs market are Amer Rugs Inc, Faze Three Ltd, Golden Carpets 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 South & Central America Area Rugs Market, by Type
1.3.2 South & Central America Area Rugs Market, by End Use
1.3.3 South & Central America 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. South & Central America Area Rugs Market Landscape
4.1 Market Overview
4.2 South & Central America PEST Analysis
4.3 Expert Opinion
5. South & Central America 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– South & Central America Market Analysis
6.1 South & Central America Area Rugs Market Overview
6.2 South & Central America Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Area Rugs Market Analysis – By Type
7.1 Overview
7.2 South & Central America Area Rugs Market, By Type (2022 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: South & Central America Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Nylon
7.4.1 Overview
7.4.2 Nylon: South & Central America Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Synthetic Fibers
7.5.1 Overview
7.5.2 Synthetic Fibers: South & Central America Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: South & Central America Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Area Rugs Market Analysis – By End Use
8.1 Overview
8.2 South & Central America Area Rugs Market, By End Use (2022 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: South & Central America Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Nonresidential
8.4.1 Overview
8.4.2 Nonresidential: South & Central America Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Area Rugs Market – Country Analysis
9.1 Overview
9.1.1 South & Central America Area Rugs Market, by Key Country
9.1.1.1 Brazil: South & Central America Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: South & Central America Area Rugs Market, by Type
9.1.1.1.2 Brazil: South & Central America Area Rugs Market, by End Use
9.1.1.2 Argentina: South & Central America Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: South & Central America Area Rugs Market, by Type
9.1.1.2.2 Argentina: South & Central America Area Rugs Market, by End Use
9.1.1.3 Rest of South & Central America: South & Central America Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South & Central America: South & Central America Area Rugs Market, by Type
9.1.1.3.2 Rest of South & Central America: South & Central America 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
12.2 Glossary of Terms

LIST OF TABLES

Table 1. South & Central America Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: South & Central America Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South & Central America Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: South & Central America Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: South & Central America Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South & Central America: South & Central America Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South & Central America: South & Central America Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, South & Central America Area Rugs Market

LIST OF FIGURES

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

The List of Companies – South & Central America Area Rugs Market

– Amer Rugs Inc
– Faze Three Ltd
– Golden Carpets Ltd
– Riztex USA Inc

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