Animal Skin Rugs Market Trends

Global Animal Skin Rugs Market size was valued at USD 1.7 billion in 2023 and is poised to grow from USD 1.81 billion in 2024 to USD 3.02 billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).

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. 'Casador (Turkey)', 'Backup Srl (Italy) ', 'David Style (Turkey) ', 'Fiorentino (Italy) ', 'Koket (Portugal) ', 'Limited Edition (Turkey) ', 'Muna Home (Turkey) ', 'Minotti (Italy) ', 'Nash Andrea (Italy) ', 'Rug Art (Turkey) ', 'Mohawk Industries Inc. (USA) ', 'Shaw Industries Group Inc. (USA) ', 'Tarkett S.A. (France) ', 'Lowe's Companies Inc. (USA) ', 'Interface Inc. (USA) ', 'Dixie Group Inc. (USA) ', 'Oriental Weavers Company for Carpet (Egypt) ', 'Tai Ping Carpets International Limited (China) ', 'Victoria PLC (UK) ', 'The Home Depot Inc. (USA)'

People's rising demand for improved aesthetic quality in their homes and places of work is driving the worldwide rug industry. Important suppliers are increasing their R&D investments and focusing on producing technologically improved rugs.

Rugs and carpets have utilitarian properties such as slip resistance and thermal insulation. Rugs are required for residential homes in numerous locations because to the freezing weather. Wools of New Zealand discovered that carpets provide approximately 10 times the insulation of concrete floor surfaces. As a result, the usage of rugs and carpets is expected to expand in the next years.

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.