Rugs Market to Partake Signi몭cant Development during 2027 By Transparency Market Research Published February 21, 2022
The rugs market is expected to reach value of ~US$ 30 Bn by 2027. The global rugs market was valued at US$ 18.6 Bn in 2018 and is expected to expand at a CAGR of 5.5% from 2019 to 2027. The market is expanding signi몭cantly in terms of value. North America is the largest rugs market and expected to maintain its dominance over the forecast period 2019 to 2027. Transforming living standards of the masses coupled with rise in number of people opting for a separate living has resulted in propulsion of the rugs market. Retailers such as IKEA, H&M Home, and Home Depot are pioneers in this 몭eld and are known for their huge stores with customer centric products. These retailers have their sourcing and design o몭ces in Asian countries for faster development of products. Such innovative approaches can boost market growth in the coming years. Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php? 몭ag=B&rep_id=76790 Key Challenges The global usage of rugs is expected to see continuous growth; however, this creates a signi몭cant challenge to the environment. Strict government regulations in developed countries related to environment-friendly production processes is expected to be a challenge for small scale manufacturers. Rugs Market: Segmentation