At 4.7% CAGR, the North America Area Rugs Market is projected to be worth US$ 5,465.45 million by 2028, says Business Market Insights

According to Business Market Insights’ research, the North America area rugs market was valued at US$ 4,334.60 million in 2023 and is expected to reach US$ 5,465.45 million by 2028, registering a CAGR of 4.7% 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 North 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 their 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 North America area rugs market growth during the forecast period.

On the contrary, availability of substitute products hampers the North America Area Rugs Market.  

Based on type, the North America area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held 70.4% share of North America Area Rugs Market in 2023, amassing US$ 3,050.72 million. It is projected to garner US$ 3,914.53 million by 2028 to expand at 5.1% CAGR during 2023–2028. 

Based on end-use, the North America area rugs market is segmented into residential and nonresidential. The residential segment held 66.2% share of North America Area Rugs Market in 2023, amassing US$ 2,867.48 million. It is projected to garner US$ 3,634.10 million by 2028 to expand at 4.9% CAGR during 2023–2028.

Based on country, the North America area rugs market has been categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 81.1% share of North America Area Rugs Market in 2023. It was assessed at US$ 3,516.98 million in 2023 and is likely to hit US$ 4,403.37 million by 2028, exhibiting a CAGR of 4.6% during 2023–2028.      

Key players operating in the North America area rugs market are Amer Rugs Inc, Capel Inc, Dalyn Rug Co, Faze Three Ltd, Golden Carpets Ltd, Nodi Handmade Rugs Ltd, Riztex USA Inc, and Sams International Inc, among others.   

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