Asia Pacific Area Rugs Market Forecast to 2028 - Regional Analysis - by Type (Wool, Nylon, Synthetic Fibers, and Others) and End-Use (Residential and Nonresidential)
The Asia Pacific area rugs market is expected to grow from US$ 3,610.69 million in 2023 to US$ 4,657.66 million by 2028. It is estimated to grow at a CAGR of 5.2% from 2023 to 2028.
New Product Launches and Product Innovations Fuels Asia Pacific Area Rugs Market
The players operating in the Asia Pacific 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 Asia Pacific area rugs market are expected to offer more lucrative opportunities for market growth during the forecast period.
Asia Pacific Area Rugs Market Overview
In Asia Pacific, the construction industry is expected to be driven by high spending on the development of the commercial sector. Asia Pacific is the world’s largest region in terms of infrastructure investment. An increase in commercial projects in emerging countries such as India, China, Indonesia, Vietnam, and the Philippines will positively contribute to the market growth. According to real estate Asia, the investment in the Southeast Asia real estate market reached ~US$ 19 billion in 2022, which was the highest in the decade. Vietnam and Indonesia surpassed the average investment in the last 10 years. The growing demand for aesthetically pleasing durable, and easy-to-maintain products such as carpets and rugs is expected to drive the market in Asia Pacific over the forecast period. Area rugs are highly utilized in all major commercial sectors of Asia Pacific, such as corporate, healthcare, education, retail, and hospitality. The market is competitive and dynamic because of the significant presence of manufacturers and associated nonresidential construction businesses in the region. Thus, the growing building & construction industry in the region is boosting the nonresidential sector growth, propelling the Asia Pacific area rugs market growth.
Asia Pacific Area Rugs Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Area Rugs Market Segmentation
The Asia Pacific area rugs market is segmented into type, end-use, and country.
Based on type, the Asia Pacific area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held the largest share of the Asia Pacific area rugs market in 2023.
Based on end-use, the Asia Pacific area rugs market is segmented into residential and nonresidential. The nonresidential segment held the largest share of the Asia Pacific area rugs market in 2023.
Based on country, the Asia Pacific area rugs market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific area rugs market in 2023.
Amer Rugs Inc, Faze Three Ltd, Golden Carpets Ltd, Maa Collections, Nodi Handmade Rugs Ltd, Riviere Rugs Ltd, and Riztex USA Inc are some of the leading companies operating in the Asia Pacific area rugs market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Asia Pacific Area Rugs Market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Area Rugs Market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Asia Pacific market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
- 1. Introduction
- 1.1 Study Scope
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Asia Pacific Area Rugs Market, by Type
- 1.3.2 Asia Pacific Area Rugs Market, by End Use
- 1.3.3 Asia Pacific 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. Asia Pacific Area Rugs Market Landscape
- 4.1 Market Overview
- 4.2 Asia Pacific PEST Analysis
- 4.3 Expert Opinion
- 5. Asia Pacific 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– Asia Pacific Market Analysis
- 6.1 Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- 7. Asia Pacific Area Rugs Market Analysis – By Type
- 7.1 Overview
- 7.2 Asia Pacific Area Rugs Market, By Type (2022 and 2028)
- 7.3 Wool
- 7.3.1 Overview
- 7.3.2 Wool: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Nylon
- 7.4.1 Overview
- 7.4.2 Nylon: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Synthetic Fibers
- 7.5.1 Overview
- 7.5.2 Synthetic Fibers: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
- 8. Asia Pacific Area Rugs Market Analysis – By End Use
- 8.1 Overview
- 8.2 Asia Pacific Area Rugs Market, By End Use (2022 and 2028)
- 8.3 Residential
- 8.3.1 Overview
- 8.3.2 Residential: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Nonresidential
- 8.4.1 Overview
- 8.4.2 Nonresidential: Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
- 9. Asia Pacific Area Rugs Market – Country Analysis
- 9.1 Overview
- 9.1.1 Asia Pacific Area Rugs Market, by Key Country
- 9.1.1.1 Australia: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Australia: Asia Pacific Area Rugs Market, by Type
- 9.1.1.1.2 Australia: Asia Pacific Area Rugs Market, by End Use
- 9.1.1.2 China: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 China: Asia Pacific Area Rugs Market, by Type
- 9.1.1.2.2 China: Asia Pacific Area Rugs Market, by End Use
- 9.1.1.3 India: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 India: Asia Pacific Area Rugs Market, by Type
- 9.1.1.3.2 India: Asia Pacific Area Rugs Market, by End Use
- 9.1.1.4 Japan: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 Japan: Asia Pacific Area Rugs Market, by Type
- 9.1.1.4.2 Japan: Asia Pacific Area Rugs Market, by End Use
- 9.1.1.5 South Korea: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.5.1 South Korea: Asia Pacific Area Rugs Market, by Type
- 9.1.1.5.2 South Korea: Asia Pacific Area Rugs Market, by End Use
- 9.1.1.6 Rest of Asia Pacific: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.6.1 Rest of Asia Pacific: Asia Pacific Area Rugs Market, by Type
- 9.1.1.6.2 Rest of Asia Pacific: Asia Pacific 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 Nodi Handmade Rugs 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 Riviere Rugs 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
- 11.5 Maa Collections
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Faze Three Ltd
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Golden Carpets Ltd
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- Table 2. Australia: Asia Pacific Area Rugs Market, by Type– Revenue and Forecast to 2028 (US$ Million)
- Table 3. Australia: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 4. China Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 5. China Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 6. India: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 7. India: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Japan: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 9. Japan: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 10. South Korea: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 11. South Korea: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of Asia Pacific: Asia Pacific Area Rugs Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Rest of Asia Pacific: Asia Pacific Area Rugs Market, by End Use – Revenue and Forecast to 2028 (US$ Million)
- Table 14. Glossary of Terms, Asia Pacific Area Rugs Market
- List of Figures
- Figure 1. Asia Pacific Area Rugs Market Segmentation
- Figure 2. Asia Pacific Area Rugs Market Segmentation – By Country
- Figure 3. Asia Pacific Area Rugs Market Overview
- Figure 4. Asia Pacific Area Rugs Market, By End Use
- Figure 5. Asia Pacific Area Rugs Market, by Country
- Figure 6. Asia Pacific - Pest Analysis
- Figure 7. Expert Opinion
- Figure 8. Asia Pacific Area Rugs Market Impact Analysis of Drivers and Restraints
- Figure 9. Asia Pacific Area Rugs Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 10. Asia Pacific Area Rugs Market Revenue Share, By Type (2022 and 2028)
- Figure 11. Wool: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 12. Nylon: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 13. Synthetic Fibers: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 14. Others: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 15. Asia Pacific Area Rugs Market Revenue Share, By End Use (2022 and 2028)
- Figure 16. Residential: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 17. Nonresidential: Asia Pacific Area Rugs Market – Revenue and Forecast To 2028 (US$ Million)
- Figure 18. Asia Pacific Area Rugs Market, by Key Country– Revenue (2022) (US$ Mn)
- Figure 19. Asia Pacific Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
- Figure 20. Australia: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 21. China: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 22. India: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Japan: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 24. South Korea: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Rest of Asia Pacific: Asia Pacific Area Rugs Market –Revenue and Forecast to 2028 (US$ Million)
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