The article cited AMA's "Global Area Rugs Market Study" explored CAGR of %. According to the report, Demand for Technologically Advanced Area Rugs such as Water-Resistant and Stain-Resistant is one of the primary growth factors for the market. Growing Consciousness toward Home Décor Coupled with Rising Disposable Income among the Population
is also expected to contribute significantly to the Area Rugs market. Overall, Residential
applications of Area Rugs, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Material , such as Jute, is boosting the Area Rugs market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Distribution Channel, such as Specialist Stores, is boosting the Area Rugs market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Weave , such as Hand-knotted, is boosting the Area Rugs market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Area Rugs market identified that the demand is rising in many different parts of the world as "Growth in Residential And Commercial Sector in Developing Countries
". Furthermore, some recent industry insights like "In Oct 2019, Leading floor covering and home accents manufacturer Nourison is focusing on hot trends and cool styles at High Point Market, introducing a mix of new designs and additions to best-selling area rug collections. Among the hot trends and cool styles include new CALVIN KLEIN collections, best-selling Divine and Prismatic collections, and popular Starry Nights collection which just launched this summer." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Area Rugs market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Area Rugs market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Area Rugs market size is calculated using market estimation process, the Area Rugs market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Area Rugs market size has been validated using both top-down and bottom-up approaches.