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The area rugs market size is forecast to increase by USD 3.79 billion at a CAGR of 3.68% between 2023 and 2028. The market is experiencing significant growth, driven by the consumer shift toward interior design trends that prioritize comfort and aesthetics. One emerging trend is the advent of prayer rugs, which cater to the religious and cultural needs of a diverse population. However, intense competition from luxury vinyl tiles (LVTs) and other flooring options poses a challenge to market growth. Home centers and retailers are responding by offering a wider range of designs, materials, and price points to cater to various consumer preferences. The market is expected to continue its expansion, driven by these trends and the growing demand for unique and functional flooring solutions.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Application
8 Market Segmentation by Distribution Channel
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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