Decorative Rugs

Global Decorative Rugs Market to Reach US$5.3 Billion by 2030

The global market for Decorative Rugs estimated at US$3.9 Billion in the year 2024, is expected to reach US$5.3 Billion by 2030, growing at a CAGR of 5.1% over the analysis period 2024-2030. Machine-Made Rugs, one of the segments analyzed in the report, is expected to record a 6.0% CAGR and reach US$2.0 Billion by the end of the analysis period. Growth in the Hand-Tufted Rugs segment is estimated at 5.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.1 Billion While China is Forecast to Grow at 8.3% CAGR

The Decorative Rugs market in the U.S. is estimated at US$1.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.4% and 5.1% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.3% CAGR.

Global Decorative Rugs Market – Key Trends & Drivers Summarized

Why Are Decorative Rugs Gaining Prominence in Home Decor?

Decorative rugs have become an essential element in modern interior design, offering both aesthetic appeal and functional benefits. The rising inclination towards curated home décor and the increasing preference for personalized spaces have significantly driven the demand for high-quality, artistic rugs. Consumers are no longer viewing rugs as mere floor coverings but as statement pieces that enhance the ambiance of living rooms, bedrooms, and even outdoor spaces. The growing trend of open-concept living spaces has further accentuated the need for rugs to define and segregate different areas, making them an indispensable décor item. Additionally, interior designers are leveraging rugs to introduce texture, warmth, and color into minimalist and contemporary interiors, further amplifying their market demand. The rise in disposable incomes, coupled with the increasing willingness of consumers to spend on luxury home décor, has fueled the market’s expansion, particularly in urban and high-net-worth demographics.

How Are Traditional Craftsmanship and Modern Innovations Blending?

The decorative rugs industry is witnessing a perfect blend of traditional craftsmanship and modern innovation, leading to a surge in unique, high-quality designs. Artisanship remains a major selling point, with handmade rugs—especially those crafted from wool, silk, and jute—continuing to command premium prices. However, technological advancements in textile manufacturing have introduced machine-woven rugs that replicate intricate handwoven patterns at a more affordable cost. Digital printing and 3D weaving techniques are revolutionizing rug production, enabling manufacturers to create hyper-detailed and customized designs tailored to individual consumer preferences. Additionally, sustainable practices such as using organic dyes and recycled materials have gained traction, in line with increasing environmental awareness among consumers. The incorporation of stain-resistant and antimicrobial treatments has also expanded the market, making decorative rugs more practical for everyday use.

Is Sustainability Reshaping the Future of Decorative Rugs?

Sustainability is emerging as a key focus area in the decorative rugs market, with eco-friendly materials and ethical production practices gaining momentum. The demand for rugs made from natural fibers such as wool, jute, cotton, and bamboo has been steadily increasing, as consumers prioritize biodegradable and non-toxic home décor options. Additionally, upcycled and recycled rugs, often crafted from discarded textiles and plastic waste, are gaining popularity due to growing environmental consciousness. Ethical sourcing and fair-trade practices are also becoming integral to the industry, with many brands emphasizing transparency in their supply chains to appeal to socially responsible consumers. Furthermore, as sustainability continues to influence buying behavior, manufacturers are investing in energy-efficient production methods and low-impact dyeing techniques to reduce their carbon footprint.

What Is Driving the Growth of the Decorative Rugs Market?

The growth in the decorative rugs market is driven by several factors, including evolving consumer preferences, increasing disposable incomes, and the expanding home décor industry. The proliferation of e-commerce has significantly contributed to market growth, making high-quality decorative rugs more accessible to a global audience. Additionally, social media influence and the rise of interior design trends have played a critical role in boosting demand. The hospitality and real estate sectors also contribute to the growing market, as hotels, resorts, and luxury residential projects incorporate designer rugs to enhance aesthetic appeal. The demand for customizable and handmade rugs has further fueled the market, as consumers seek unique, one-of-a-kind pieces. Finally, the increasing trend of renting and staging homes for resale has spurred interest in decorative rugs as an affordable yet impactful way to enhance interior spaces.

SCOPE OF STUDY:

The report analyzes the Decorative Rugs market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Product (Machine-Made Rugs, Hand-Tufted Rugs, Hand-Knotted Rugs, Flatweave Rugs, Other Products); Material (Wool Material, Jute Material, Polyester, Cotton Material, Nonwoven Material, Other Materials); Distribution Channel (Specialty Stores Distribution Channels, Online Distribution Channels, Hypermarkets and Supermarkets Distribution Channels, Other Distribution Channels); Application (Residential Application, Commercial Application)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 42 Featured) -

• Balta Group
• Capel Rugs
• F. Schumacher & Co.
• Harounian Rugs International (HRI)
• Jaipur Rugs
• Kalaty Rug Corporation
• Karastan
• La Manufacture Cogolin
• Loloi Rugs
• Marc Phillips Decorative Rugs
• Milliken & Company
• Nourison
• Oriental Weavers
• Ruggable
• Safavieh
• Shaw Industries
• Surya
• Tai Ping Carpets
• The Rug Company
• Tufenkian Artisan Carpets

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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