Luxury Rugs Market Report 2024 (Global Edition)

Global Luxury Rugs Market Report 2024 Market Size Split by Type (Wool, Silk, Cowhide, Viscose), by Distribution Channel (Offline, Online), by Rugs Size (Small (e.g., under 5 feet), Medium (e.g., 5-8 f...

Luxury Rugs Market Report Description

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Luxury Rugs Market Insights Video

Competitive Landscape of the Luxury Rug Market

The luxury rug market functions as a competitive panorama with key players, including Ruggable, Nourison, and Karastan, as well as artisan manufacturers and boutique producers. These groups differentiate themselves through precise designs, craftsmanship, and sustainable practices. Online retail structures and interior design partnerships are increasingly important for marketplace attainment. Additionally, emerging manufacturers are leveraging social media advertising and marketing to interact with customers and show off their merchandise, intensifying competition in this upscale phase of the house decor industry.

Top Companies Market Share in Luxury Rugs Industry: (In no particular order of Rank)

• Avery's Floor Mats
• Tiansheng Auto Accessories
• Yusen
• Apache Mills
• Beaulieu International Group
• Crown Matting Technologies
• GOODYEAR
• Jienuo
• Humane Manufacturing Company
• Lloyd Mats
• Auto Custom Carpets
• Mountville Mills
• Zhejiang Haibo Auto Accessories
• GG Bailey
• Renown Auto Accessories
• Americo
• Anmeinuo
• PromoMatting
• Superior Manufacturing Group
• Fan Mats
• HONGSHENGYUAN
• Ranco Industries
• Stilmat
• Sanmen Yongding
• VIAM
• Autobo
• Matcraft Australia
• Sanmenwan Crafts
• Gumexpo
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Luxury Rug Market

Which Region Dominates the Luxury Rug Market in 2024?

According to Cognitive Market Research, North America currently dominates the Luxury Rugs market, and the region is expected to have significant growth during the projected period. North America's luxurious rug marketplace is experiencing great growth, pushed by growing disposable incomes, accelerated home improvement projects, and a growing appreciation for interior design. Consumers are investing in top-notch, stylish rugs that enhance their living spaces, contributing to the marketplace's enlargement in city and suburban regions.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The Asia Pacific luxury rug marketplace is expanding rapidly due to growing affluence, urbanization, and a developing interest in home decor. Rising disposable incomes and a cultural appreciation for craftsmanship are driving demand for fantastic dressmaker rugs, positioning the region as a key player within the worldwide luxury rug enterprise.

The current report Scope analyzes Luxury Rugs Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Luxury Rugs

According to Cognitive Market Research, the global Luxury Rug market size was estimated at USD 78548.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 31419.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.7% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Luxury Rug market with a market size of USD 24789.91 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The U.S. market's rising disposable income.
• The Canada Luxury Rug market had a market share of USD 3770.33 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. Canada’s urbanization trends.
• The Mexico Luxury Rug market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 2859.17 million in 2024.

Europe Luxury Rugs

According to Cognitive Market Research, the global Luxury Rug market size was estimated at USD 78548.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 23564.55 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.00% from 2024 to 2031.

• The United Kingdom Luxury Rug market had a market share of USD 3958.84 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. In the UK, Luxury Rug sales witness an upswing due to the home décor preferences.
• The France Luxury Rug market is projected to witness growth at a CAGR of 8.2% during the forecast period, with a market size of USD 2167.94 million in 2024.
• According to Cognitive Market Research, the German Luxury Rug market size was valued at USD 4665.78 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. In Germany, Luxury Rug surged due to the e-commerce growth.
• The Italy Luxury Rug market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 2026.55 million in 2024.
• The Russia Luxury Rug market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 3652.51 million in 2024.
• The Spain Luxury Rug market is projected to witness growth at a CAGR of 8.1% during the forecast period with a market size of USD 1932.29 million in 2024
• The Luxembourg Luxury Rug market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 730.50 million in 2024.
• The Portugal Luxury Rug market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 494.86 million in 2024.
• The Greece Luxury Rug market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 282.77 million in 2024.
• The Rest of Europe's Luxury Rug market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 3652.51 million in 2024.

Asia Pacific Luxury Rugs

According to Cognitive Market Research, the global Luxury Rug market size was estimated at USD 78548.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 18066.16 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2031.

• According to Cognitive Market Research, the China Luxury Rug market size was valued at USD 8129.77 million in 2024 and is projected to grow at a CAGR of 12.0% during the forecast period. Luxury Rug surged in China due to luxury branding.
• The Japan Luxury Rug market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 2493.13 million in 2024.
• The India Luxury Rug market had a market share of USD 2167.94 million in 2024 and is projected to grow at a CAGR of 14.3% during the forecast period. India's eco-friendly materials.
• The South Korean Luxury Rug market is projected to witness growth at a CAGR of 11.6% during the forecast period, with a market size of USD 1806.62 million in 2024.
• The Australian Luxury Rug market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 939.44 million in 2024.
• The South East Asia Luxury Rug market is projected to witness growth at a CAGR of 13.5% during the forecast period, with a market size of USD 1246.56 million in 2024.
• The Rest of Asia Pacific Luxury Rug market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 1282.70 million in 2024.

South America Luxury Rugs

According to Cognitive Market Research, the global Luxury Rug market size was estimated at USD 78548.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 3927.43 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.9% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Luxury Rug market size was valued at USD 1680.94 million in 2024 and is projected to grow at a CAGR of 10.5% during the forecast period. Luxury Rugs flourished in Brazil due to artisan craftsmanship.
• Argentina's Luxury Rug market had a market share of USD 659.81 million in 2024 and is projected to grow at a CAGR of 10.8% during the forecast period. Argentina's cultural influences.
• Colombia Luxury Rug market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 349.54 million in 2024.
• Peru Luxury Rug market is projected to witness growth at a CAGR of 10.1% during the forecast period, with a market size of USD 322.05 million in 2024.
• Chile Luxury Rug market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 282.77 million in 2024.
• The Rest of Latin America's Luxury Rug market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 632.32 million in 2024.

Middle East and Africa Luxury Rugs

According to Cognitive Market Research, the global Luxury Rug market size was estimated at USD 78548.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 1570.97 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.2% from 2024 to 2031..

• The GCC Countries Luxury Rug market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 672.38 million in 2024. Luxury Rug sales flourish due to the interior design trends.
• The Egypt Luxury Rug market is projected to witness growth at a CAGR of 10.5% during the forecast period, with a market size of USD 164.95 million in 2024.
• The South Africa Luxury Rug market is projected to witness growth at a CAGR of 11.2% during the forecast period, with a market size of USD 248.21 million in 2024. Luxury Rug sales flourished in South Africa due to investment in home aesthetics.
• The Turkey Luxury Rug market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 135.10 million in 2024.
• The Nigeria Luxury Rug market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 164.95 million in 2024.
• The Rest of the MEA Luxury Rug market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 185.37 million in 2024.

Luxury Rugs Market Analysis

How are Segments Performing in the Global Luxury Rug Market?

Luxury Rug Market Type Segment Analysis

According to Cognitive Market Research, Wool are likely to dominate the Luxury Rug Market over the forecast period. Wool is becoming increasingly famous in the luxury rug market due to its durability, softness, and herbal insulating properties. Consumers favor wool rugs for their eco-friendliness and high price. This trend highlights a shift in the direction of sustainable materials, making wool an essential preference for high-end rug production and layout.

The Silk is the fastest-growing segment in the Luxury Rug Market. Silk is gaining prominence inside the luxury rug marketplace for its notable sheen, softness, and high-priced texture. Valued for their aesthetic appeal and complex designs, silk rugs are prominent among discerning clients. This trend underscores a desire for first-rate substances, improving the charm of luxurious interiors worldwide.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Luxury Rugs Industry. Request a Free Sample PDF!

Luxury Rug Market Distribution Channel Segment Analysis

According to Cognitive Market Research, the Offline segment holds the largest share of the market. The offline section of the luxury rug market is experiencing growth as customers are increasingly looking for tactile experiences earlier than buying. High-stop outlets and forte shops offer curated choices, permitting customers to realize exceptional craftsmanship firsthand. In-shop consultations and personalized service enhance the purchasing revel using the demand for luxury rugs.

In the Luxury Rug Market, the Online has been expanding at a rapid pace. The online segment of the luxurious rug marketplace is swiftly increasing, pushed by comfort and a broader selection. E-trade systems allow customers to effortlessly compare styles and prices, while social media advertising and marketing showcase unique designs. This shift closer to virtual purchasing is attracting a more youthful demographic inquisitive about exquisite rugs.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Luxury Rugs Rugs Size Segment Analysis

Luxury Rug Market Rugs Size Segment Analysis

According to Cognitive Market Research, Medium (e.g., 5-8 feet) segment holds the largest market share. The demand for medium-sized luxurious rugs (e.g., five to eight feet) is growing as they strike a balance between capability and style. Ideal for various dwelling spaces, these rugs beautify interiors without overwhelming the room. Consumers appreciate their versatility, making them popular selections for both current and conventional domestic designs.

In the Luxury Rug market, the rapidly growing sector is Large (e.g., 8-10 feet). The luxurious rug market is witnessing an accelerated call for large rugs (e.g., 8-10 feet) as they invent impactful focal points in spacious interiors. These outsized portions enhance comfort and aesthetics, making them perfect for open-concept dwelling areas. Consumers are seeking grandeur and style, using growth in this segment of the market.

• Small (e.g.
• under 5 feet)
• Medium (e.g.
• 5-8 feet)
• Large (e.g.
• 8-10 feet)
• Extra Large (e.g.
• over 10 feet)

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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