India decorative rug market is expected to grow at a steady pace
during the forecast period. The demand for carpets and rugs in India is
primarily driven by urbanization, developing building, the rapid expansion of
the middle class, the need for residences with high levels of furniture,
changes in lifestyle, and rising expenditure on interior design and
furnishings. The desire for artistic and ornamental rugs, rather than carpet
floors, is the key factor driving the country's rug market growth. In contrast
to the room's full-length, wall-to-wall carpeting, in both residential and
commercial settings, carpets and rugs are frequently utilized as attractive
home flooring goods in India.
A carpet is a textile floor
covering that normally has a backing and an upper layer of pile attached to it.
Wool was historically used to make the pile, but since the 20th century,
synthetic fibres like polypropylene, nylon, or polyester have been frequently
employed since they are less expensive than wool. The fundamental purpose of
carpets and rugs is to bring comfort, warmth, and softness to a space, changing
how it is built.
Rising Demand for
High-Quality & Attractive Rugs Likely to Drive the Market
Rise in the number of
renovation & remodelling activities, consumers' growing interest in
interior decoration, rapid urbanization & globalization are expected to
positively influence the growth of the India decorative rug market. The
industry is seeing a rise in carpets created from modern fibres, including
jute, linen, hemp, and materials combined using technology. As consumers are
becoming more environmentally friendly, the demand for carpets and rugs created
from recycled raw materials, garbage, and used items is increasing due to
abandoned goods.
The expanding construction
sector is a critical aspect fuelling the demand for carpets and rugs in the
residential and non-residential sectors. The primary function of carpets and
rugs is to offer comfort, warmth, and cushion to a space, altering its
structural composition. Many types of rugs are available in the market,
including braided, shag, office, bedroom, and living room rugs. Rugs are floor
coverings that add comfort, reduce noise, and preserve flooring. These rugs
provide an aesthetic appeal to the décor of any room. Owing to above mentioned
factors, market is expected to witness growth in the forecast period.
Upcoming Trends of India
Decorative Rug Market
Regarding quantity and
price, India is now the leader in manufacturing handmade carpets. Owing to its significant
export market share and history of producing handmade carpets is acknowledged worldwide.
For instance, India presently holds the top spot in the world for both the volume
and price of handmade carpet production. The world is aware of its tradition of
producing handmade carpets because to its unmistakable export presence. The
majority (90%) of carpets made in India are exported. India exported handmade rugs
worth INR 64,407.19 billion between April and November this year (USD 916.15
million).
The industry is seeing a
rise in carpets created from modern fibers, including jute, linen, hemp, and
materials combined using technology. As consumers are becoming more environmentally
friendly, the demand for carpets and rugs created from recycled raw materials,
garbage, used items, and abandoned goods is increasing.
Carpet weaving is an old
Indian custom that dates to Persian carpets and rugs from the 16th century.
The produced carpets are typically hand-knotted and include a variety of themes
in their patterns. The Indian carpet business is a labor-intensive, rural
handicraft sector. Due to their uniqueness, color, quality, design, and
longevity, Indian silk carpets are much preferred by customers and weavers.
The use of synthetic
materials, which make tufted carpets cheaper and the production of carpets less
labor-intensive, is predicted to increase demand for tufted carpets in the
market. Customers' preferences are always shifting in the market, and they
choose both economical and washable carpets.
Challenges faced by India
Decorative Rug Market
Most area rug manufacturers
have cited delays in delivery and poor quality as serious challenges.
Additionally, while the cost of obtaining excellent raw materials and skilled labour
keeps increasing and results in sluggish growth, the increasing demand for
high-quality area rugs at an accessible price is the challenge faced by the India
Decorative Rug Market.
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Market Segment
The India Decorative Rug Market is segmented based on product, material,
distribution channel, and end user. Based one product, the market is divided
into hand-knotted rugs, hand-tufted rugs, machine-made rugs,
and flatweave rugs. Based on material, the market is segmented into wool, nylon, cotton, polyester, and jute . Based on end-user,
the market is segmented into residential
and non-residential. Based on the delivery channel, the market is
divided into online and offline. India ships carpets to more than 70 countries
across the world. The United States, Germany, Canada, the United Kingdom,
Australia, South Africa, France, Italy, Brazil, and other countries are significant
importers of Indian woven carpets. New chances are opening up for the Indian
carpet sector in emerging nations with the advent of globalization. The
increase in online spending and the adoption of smartphones are the main market
drivers. For online shopping, for instance, bigger interface devices are more
suited. Detailed product information, such as quality, safety precautions, and
user instructions, is available on websites. They also provide free delivery,
enhanced online customer care, and user-friendly designs for websites that
allow for online purchasing. They also offer security safeguards for online
payments.
Market Players
Major
market players are Maa Collections, Jaipur Rugs, The Rug
Republic, Kaleen India, Saraswati Global, Yak Carpet, Mat Living, Dhurrie
Store, Villedomo, Saif Carpets Pvt. Ltd.
|
Attribute
|
Details
|
|
Base
Year
|
2022
|
|
Historic
Data
|
2018 –
2021
|
|
Estimated
Year
|
2023
|
|
Forecast
Period
|
2024 – 2028
|
|
Quantitative
Units
|
Revenue
in USD Million, Volume in Units, and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue
forecast, company share, growth factors, and trends
|
|
Segments
covered
|
·
Product
·
Material
·
Delivery Channel
·
End User Sector
|
|
Regional
scope
|
North; West;
South; East
|
|
Key
companies profiled
|
Maa
Collections, Jaipur Rugs, The Rug Republic, Kaleen India, Saraswati Global,
Yak Carpet, Mat Living, Dhurrie Store, Villadom, Saif Carpets Pvt Ltd.
|
|
Customization
scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and purchase options
|
Avail
customized purchase options to meet your exact research needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
|
Report Scope:
In this report, India Decorative Rug
Market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
India Decorative
Rug Market, By Product:
o Hand-knotted Rugs
o Hand-tufted rugs
o Machine-made Rug
o Flatweave Rugs
- India Decorative Rug Market, By Material:
o Wool
o Nylon
o Cotton
o Polyester
o Jute
- India Decorative Rug Market, By Distribution Channel:
o Online
o Offline
- India Decorative Rug Market, By End-user:
o Residential
o Non-Residential
·
India Decorative
Rug Market,
By Region:
o
North
o
West
o
South
o East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India Decorative Rug Market.
Available
Customizations:
India
Decorative Rug Market Materials with the given market data, Tech Sci Research
offers customizations according to a company's specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of
additional market players (up to five).
India Decorative Rug Market is an upcoming report to be released soon.
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release, please contact us at [email protected]