The market size of decorative rugs reached over USD 3.5 billion in 2022 and is set to exhibit a 6.5% CAGR from 2023 to 2032.
Hand-tufted decorative rugs market size is estimated to surpass USD 4.5 billion by 2032 due to benefits such as affordability and availability in a variety of designs.
North America market size for decorative rugs is poised to exceed USD 3 billion by 2032 on account of increasing disposable income and growing spending on home interior décor & home renovation.
Balta Group, Mohawk Industries Inc., Capel Rugs, Agnella, Kalaty Rug Corp., Milliken and Co., Loloi Inc., and Momeni Inc. are some of the key companies in the decorative rugs business.