Report ID: SQSG30K2004 | Region: Global | Published Date: September, 2022 | Pages: 157
The Global Animal Skin Rugs Market was valued at USD XX million in 2021, and it is expected to reach a value of USD XX million by 2028, at a CAGR of 1% over the forecast period (2022 - 2028).
Rugs made of animal skins are making a comeback. Many people desire to integrate nature into their homes, and a genuine animal skin rug may provide just that. Each rug has a distinctly rustic style that works well in any decor. Cowhide rugs are well-known for their long life. Reindeer rugs are excellent decorative items. Sheepskin rugs are well-known for their delicate fabrics, and a sheepskin rug may bring a touch of elegance to any space in your house.
Hide rugs, particularly cowhides, are as timeless as wicker, marble, and the colour beige. However, imitation hide rugs have recently begun to outperform their historical counterparts, as they emulate the traditional pattern without killing animals.
Typically, animal hides and skins are treated fresh or salted and tanned. Skins are occasionally stretched, dried, and tanned. Most skins are produced from domesticated animals; the most frequent wild species used for fur are similarly grown and cultivated in captivity. Others, such as lynx and wolves, are still hunted in the wild for their fur.
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The Global Animal Skin Rugs Market is segmented based on the Component, Type, Application, and Region. Based on the Type, the Global Animal Skin Rugs Market is segmented as Natural and Artificial. Based on the Application, the Global Animal Skin Rugs Market is segmented as Household and Commercial. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Analysis by Application
In terms of application, Household dominated the global animal skin rugs market in 2021 and is projected to show a similar trend over the forecast period. Furniture throws may be made from animal skin rugs. The silky fibres will keep the sofa warm and comfortable. Consumers can cover their skin with feathery soft animal skin when ready for a snooze. For thousands of years, hunters utilized animal skins as blankets, and a soft animal hide may keep users warm throughout the winter months.
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The Asia Pacific is quickly emerging as a lucrative market for Animal Skin Rugs, with China emerging as the world's leading supplier. India is projected to witness the fastest growth owing to increasing per capita spending coupled with a growing residential sector. In 2022, Quarterly house sales in India's top seven cities were 99,550 units in Q1 2022, a 71% year-on-year rise from the approximately 58,290 units sold in the first quarter of 2021. NCR and MMR, the two leading realty hotspots, accounted for more than 48% of total sales in the top seven cities, with NCR experiencing 114% year-on-year growth.
Manufacturers have adopted cutting-edge technology and ecologically friendly materials to provide high-value items to its clients. Carpet and rug sales are predicted to expand through e-commerce platforms and internet channels, creating new potential for industry participants. During the projected period, the Asia Pacific region is expected to emerge as a major application in the global carpets & rugs market due to an increase in building activity.
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Increased residential and commercial buildings in both emerging and developed countries across the world.
Increasing cost and competition from local players
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The worldwide Animal Skin Rugs market has a medium level of competition. The rugs & rugs market study finishes with a section on company profiles, which offers essential information about the global carpet & rugs industry's major players. The majority of businesses are investing heavily in extensive research and development efforts, especially to offer new goods. Key players' major tactics include product portfolio expansion and mergers and acquisitions.
Top Player's Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Animal Skin Rugs Market Analysis, The Global Animal Skin Rugs Market is relatively consolidated, with a low level of competition. Companies are working on studies and products. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
|Market size value in 2028||XX million|
|Forecast period||2022 - 2028|
|Forecast Unit (Value)||Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Animal Skin Rugs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Animal Skin Rugs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Animal Skin Rugs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Product ID: SQSG30K2004