At 5.6% CAGR, the Middle East & Africa Area Rugs Market is projected to be worth US$ 856.44 million by 2028, says Business Market Insights

According to Business Market Insights’ 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. 

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