According to Cognitive Market Research, the global Luxury Rug market size will be USD 78548.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 10.50% from 2024 to 2031.
North America held the major market share for 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.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 23564.55 million.
Asia Pacific held a 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.
Latin America had a market share of more than 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.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at 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 Wool is the fastest growing segment of the Luxury Rug industry
