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South & Central America Area Rugs Market Forecast to 2028 - Regional Analysis - by Type (Wool, Nylon, Synthetic Fibers, and Others) and End-Use (Residential and Nonresidential)
Market Report I 2023-10-26 I 71 Pages I The Insight Partners
The South & Central America area rugs market is expected to grow from US$ 485.07 million in 2023 to US$ 582.52 million by 2028. It is estimated to grow at a CAGR of 3.7% from 2023 to 2028.
New Product Launches and Product Innovations Fuels South & Central America Area Rugs Market
The players operating in the South & Central America area rugs market are focusing on adopting different strategies, such as investments in research and development activities and new product launches, to stand out as strong competitor in the market. Manufacturers are developing area rugs that meet increasing consumer demand for high-product quality and durability. With the growth in building remodeling, renovation, and residential and non-residential construction activities, manufacturers are also producing high-quality products to keep up with the growing consumer demand for area rugs. The area rugs will be designed for cutting-edge performance along with broadloom qualities and textures, with plush, thick piles and greater density. The new product launches and product innovations in the South & Central America area rugs market are expected to offer more lucrative opportunities for market growth during the forecast period.
South & Central America Area Rugs Market Overview
South & Central America is segmented into Brazil, Argentina, and Rest of South & Central America. The increasing government spending on residential and nonresidential infrastructural development is expected to play an essential role in augmenting the demand for area rugs in South & Central America. Increasing urbanization and growing population in South & Central America are expected to fuel the growth of the South & Central America area rugs market over the forecast period. South & Central America is among the fast-developing area rugs markets globally; however, it is less mature and slower compared to other regions. Brazil and Argentina are driving the market in the region. The rising demand for convenient and most luxurious items to improve the home decor is expected to create opportunities for the South & Central America area rugs market. Moreover, consumer preferences for aesthetically improved designs, textures, and colors as well as low-maintenance and easy-to-install home decor products are anticipated to boost the South & Central America area rugs market growth.
South & Central America Area Rugs Market Revenue and Forecast to 2028 (US$ Million)
South & Central America Area Rugs Market Segmentation
The South & Central America area rugs market is segmented into type, end-use, and country.
Based on type, the South & Central America area rugs market is segmented into wool, nylon, synthetic fibers, and others. The synthetic fibers segment held the largest share of the South & Central America area rugs market in 2023.
Based on end-use, the South & Central America area rugs market is segmented into residential and nonresidential. The residential segment held the largest share of the South & Central America area rugs market in 2023.
Based on country, the South & Central America area rugs market is segmented into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America area rugs market in 2023.
Amer Rugs Inc, Faze Three Ltd, Golden Carpets Ltd, and Riztex USA Inc are some of the leading companies operating in the South & Central America area rugs market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 South & Central America Area Rugs Market, by Type
1.3.2 South & Central America Area Rugs Market, by End Use
1.3.3 South & Central America Area Rugs Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. South & Central America Area Rugs Market Landscape
4.1 Market Overview
4.2 South & Central America PEST Analysis
4.3 Expert Opinion
5. South & Central America Area Rugs Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Strong Growth of Residential Construction Sector
5.1.2 Increasing Use of Area Rugs in Interior Designs
5.2 Market Restraint
5.2.1 Availability of Substitute Products
5.3 Market Opportunity
5.3.1 New Product Launches and Product Innovations
5.4 Future Trend
5.4.1 Surging Demand for Area Rugs Made from Natural Fibers
5.5 Impact Analysis
6. Area Rugs- South & Central America Market Analysis
6.1 South & Central America Area Rugs Market Overview
6.2 South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
7. South & Central America Area Rugs Market Analysis - By Type
7.1 Overview
7.2 South & Central America Area Rugs Market, By Type (2022 and 2028)
7.3 Wool
7.3.1 Overview
7.3.2 Wool: South & Central America Area Rugs Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Nylon
7.4.1 Overview
7.4.2 Nylon: South & Central America Area Rugs Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Synthetic Fibers
7.5.1 Overview
7.5.2 Synthetic Fibers: South & Central America Area Rugs Market - Revenue and Forecast to 2028 (US$ Million)
7.6 Others
7.6.1 Overview
7.6.2 Others: South & Central America Area Rugs Market - Revenue and Forecast to 2028 (US$ Million)
8. South & Central America Area Rugs Market Analysis - By End Use
8.1 Overview
8.2 South & Central America Area Rugs Market, By End Use (2022 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: South & Central America Area Rugs Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Nonresidential
8.4.1 Overview
8.4.2 Nonresidential: South & Central America Area Rugs Market - Revenue and Forecast to 2028 (US$ Million)
9. South & Central America Area Rugs Market - Country Analysis
9.1 Overview
9.1.1 South & Central America Area Rugs Market, by Key Country
9.1.1.1 Brazil: South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 Brazil: South & Central America Area Rugs Market, by Type
9.1.1.1.2 Brazil: South & Central America Area Rugs Market, by End Use
9.1.1.2 Argentina: South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Argentina: South & Central America Area Rugs Market, by Type
9.1.1.2.2 Argentina: South & Central America Area Rugs Market, by End Use
9.1.1.3 Rest of South & Central America: South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Rest of South & Central America: South & Central America Area Rugs Market, by Type
9.1.1.3.2 Rest of South & Central America: South & Central America Area Rugs Market, by End Use
10. Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 New Product Development
11. Company Profiles
11.1 Riztex USA Inc
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Amer Rugs Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Faze Three Ltd
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Golden Carpets Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
Table 2. Brazil: South & Central America Area Rugs Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 3. Brazil: South & Central America Area Rugs Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 4. Argentina: South & Central America Area Rugs Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 5. Argentina: South & Central America Area Rugs Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 6. Rest of South & Central America: South & Central America Area Rugs Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 7. Rest of South & Central America: South & Central America Area Rugs Market, by End Use - Revenue and Forecast to 2028 (US$ Million)
Table 8. Glossary of Terms, South & Central America Area Rugs Market
LIST OF FIGURES
Figure 1. South & Central America Area Rugs Market Segmentation
Figure 2. South & Central America Area Rugs Market Segmentation - By Country
Figure 3. South & Central America Area Rugs Market Overview
Figure 4. South & Central America Area Rugs Market, By End Use
Figure 5. South & Central America Area Rugs Market, by Country
Figure 6. South and Central America - Pest Analysis
Figure 7. Expert Opinion
Figure 8. South & Central America Area Rugs Market Impact Analysis of Drivers and Restraints
Figure 9. South & Central America Area Rugs Market - Revenue and Forecast to 2028 (US$ Million)
Figure 10. South & Central America Area Rugs Market Revenue Share, By Type (2022 and 2028)
Figure 11. Wool: South & Central America Area Rugs Market - Revenue and Forecast To 2028 (US$ Million)
Figure 12. Nylon: South & Central America Area Rugs Market - Revenue and Forecast To 2028 (US$ Million)
Figure 13. Synthetic Fibers: South & Central America Area Rugs Market - Revenue and Forecast To 2028 (US$ Million)
Figure 14. Others: South & Central America Area Rugs Market - Revenue and Forecast To 2028 (US$ Million)
Figure 15. South & Central America Area Rugs Market Revenue Share, By End Use (2022 and 2028)
Figure 16. Residential: South & Central America Area Rugs Market - Revenue and Forecast To 2028 (US$ Million)
Figure 17. Nonresidential: South & Central America Area Rugs Market - Revenue and Forecast To 2028 (US$ Million)
Figure 18. South & Central America Area Rugs Market, by Key Country- Revenue (2022) (US$ Mn)
Figure 19. South & Central America Area Rugs Market Revenue Share, by Key Country (2022 and 2028)
Figure 20. Brazil: South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
Figure 21. Argentina: South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
Figure 22. Rest of South & Central America: South & Central America Area Rugs Market -Revenue and Forecast to 2028 (US$ Million)
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