Product Code: ETC212921 | Publication Date: May 2022 | Updated Date: Jan 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
In the realm of interior design, decorative rugs have gained prominence in the Philippines. The market has grown at a CAGR of around 7%, reflecting the desire for enhanced home decor. The convergence of traditional craftsmanship and contemporary designs has contributed to the market`s expansion.
The decorative rugs market in the Philippines is set to grow steadily, fueled by the increasing focus on interior design and home aesthetics. Decorative rugs play a crucial role in adding character and warmth to living spaces. With a growing number of consumers seeking to personalize their homes, the demand for unique and visually appealing decorative rugs is expected to rise. Manufacturers may leverage traditional designs and modern aesthetics to cater to the diverse preferences of consumers.
The Philippines decorative rugs market outlook is marked by specific challenges. Limited consumer awareness about the cultural and aesthetic value of decorative rugs hinders market expansion. The need to establish local artisans and manufacturers as competitive players in the global decorative rug market presents a challenge. Additionally, maintaining the balance between traditional craftsmanship and modern design trends while meeting international quality standards is complex. Overcoming logistical constraints and creating effective distribution channels for decorative rugs are ongoing challenges.
The COVID-19 pandemic had varying effects on the Philippines decorative rugs market. With restrictions on gatherings and events, the demand for decorative rugs in hospitality and event sectors decreased significantly. However, as people spent more time at home, the residential market saw an uptick in demand for rugs to enhance interior spaces. The market adapted by leveraging online platforms and virtual shopping experiences. As the situation improves, the decorative rugs market is expected to rebound, with a blend of traditional retail and digital engagement shaping its recovery.
Empire Carpet, Durkan, Shaw Industries, Interface, Inc., Tai Ping Carpets
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Decorative Rugs Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Decorative Rugs Market Revenues & Volume, 2020 & 2030F |
3.3 Philippines Decorative Rugs Market - Industry Life Cycle |
3.4 Philippines Decorative Rugs Market - Porter's Five Forces |
3.5 Philippines Decorative Rugs Market Revenues & Volume Share, By By Product, 2020 & 2030F |
3.6 Philippines Decorative Rugs Market Revenues & Volume Share, By By Material, 2020 & 2030F |
3.7 Philippines Decorative Rugs Market Revenues & Volume Share, By By Distribution Channel, 2020 & 2030F |
3.8 Philippines Decorative Rugs Market Revenues & Volume Share, By By End-use, 2020 & 2030F |
4 Philippines Decorative Rugs Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Decorative Rugs Market Trends |
6 Philippines Decorative Rugs Market, By Types |
6.1 Philippines Decorative Rugs Market, By By Product |
6.1.1 Overview and Analysis |
6.1.2 Philippines Decorative Rugs Market Revenues & Volume, By By Product, 2020-2030F |
6.1.3 Philippines Decorative Rugs Market Revenues & Volume, By Hand-knotted Rugs, 2020-2030F |
6.1.4 Philippines Decorative Rugs Market Revenues & Volume, By Hand-tufted Rugs, 2020-2030F |
6.1.5 Philippines Decorative Rugs Market Revenues & Volume, By Machine-made Rugs, 2020-2030F |
6.1.6 Philippines Decorative Rugs Market Revenues & Volume, By Flatweave Rugs, 2020-2030F |
6.1.7 Philippines Decorative Rugs Market Revenues & Volume, By Others, 2020-2030F |
6.2 Philippines Decorative Rugs Market, By By Material |
6.2.1 Overview and Analysis |
6.2.2 Philippines Decorative Rugs Market Revenues & Volume, By Wool, 2020-2030F |
6.2.3 Philippines Decorative Rugs Market Revenues & Volume, By Nylon, 2020-2030F |
6.2.4 Philippines Decorative Rugs Market Revenues & Volume, By Cotton, 2020-2030F |
6.2.5 Philippines Decorative Rugs Market Revenues & Volume, By Polyester, 2020-2030F |
6.2.6 Philippines Decorative Rugs Market Revenues & Volume, By Jute, 2020-2030F |
6.2.7 Philippines Decorative Rugs Market Revenues & Volume, By Others, 2020-2030F |
6.3 Philippines Decorative Rugs Market, By By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Decorative Rugs Market Revenues & Volume, By Wholesalers/Distributors, 2020-2030F |
6.3.3 Philippines Decorative Rugs Market Revenues & Volume, By Hypermarkets/Supermarkets, 2020-2030F |
6.3.4 Philippines Decorative Rugs Market Revenues & Volume, By Specialty Stores, 2020-2030F |
6.3.5 Philippines Decorative Rugs Market Revenues & Volume, By Online Retailers, 2020-2030F |
6.3.6 Philippines Decorative Rugs Market Revenues & Volume, By Others, 2020-2030F |
6.4 Philippines Decorative Rugs Market, By By End-use |
6.4.1 Overview and Analysis |
6.4.2 Philippines Decorative Rugs Market Revenues & Volume, By Residential, 2020-2030F |
6.4.3 Philippines Decorative Rugs Market Revenues & Volume, By Commercial, 2020-2030F |
7 Philippines Decorative Rugs Market Import-Export Trade Statistics |
7.1 Philippines Decorative Rugs Market Export to Major Countries |
7.2 Philippines Decorative Rugs Market Imports from Major Countries |
8 Philippines Decorative Rugs Market Key Performance Indicators |
9 Philippines Decorative Rugs Market - Opportunity Assessment |
9.1 Philippines Decorative Rugs Market Opportunity Assessment, By By Product, 2020 & 2030F |
9.2 Philippines Decorative Rugs Market Opportunity Assessment, By By Material, 2020 & 2030F |
9.3 Philippines Decorative Rugs Market Opportunity Assessment, By By Distribution Channel, 2020 & 2030F |
9.4 Philippines Decorative Rugs Market Opportunity Assessment, By By End-use, 2020 & 2030F |
10 Philippines Decorative Rugs Market - Competitive Landscape |
10.1 Philippines Decorative Rugs Market Revenue Share, By Companies, 2023 |
10.2 Philippines Decorative Rugs Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |