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Bath Rugs Market Opportunity and Forecast, 2022-2028

The growth of the global bath rugs market can be attributed to the growing demand for interior decoration. Moreover, rapidly changing lifestyles coupled with fast-paced urbanization and globalization are likely to further propel the growth of the global bath rugs market during the forecast period..<br>

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Bath Rugs Market Opportunity and Forecast, 2022-2028

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  1. Global Bath Rugs Market- Industry Size, Share, Growth, Opportunity and Forecast, 2022-2028

  2. Global Bath Rugs Market - Industry Trends & Forecast Report 2028  A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global Bath Rugs market was worth USD 3,175.5 Million in 2021 and is anticipated to reach USD 4,555.2 Million by USD 2028 at a CAGR of 5.42%. Several factors are driving the market, such as bath rugs being widely used in commercial sectors such as hotels, salons, and others (tourism & gyms). In addition to this, the absorption properties coupled with the growing emphasis on the development of skin-friendly bath rugs for children have allowed for the higher demand for the bath rugs across the market thus bolstering the market growth.

  3. Growth Drivers  Rising Urbanization and Globalization Owing to rising disposable income, consumer trends are shifting towards an urban lifestyle which is therefore increasing the demand for home décor products, therefore, contributing to the demand for bath rugs. Increasing urbanization also increases customers' interest in decorating their homes and other places to give them an elegant appearance, which directly influences the demand for bath rugs and propels the industry forward. According to the United Nations, 55% of the world's population lives in urban cities, with that percentage anticipated to rise to 68% by 2050. Technological advancements in transportation and communication, which reduce the necessity for enterprises and industries to be in close proximity, are factors that influence the need for urbanization and globalization.

  4. Restraints  Instability in The Prices of the Raw Materials. The prices of the raw materials used in a market's production process have the most influence as a result of the pandemic. The COVID-19 outbreak has had a significant influence on international cotton-to-textile value chains, resulting in a slew of negative outcomes. The pandemic had quite diverse effects on cotton-producing LDCs and their trading partners, owing to the different nature of the efforts implemented by governments to control the disease's spread. World cotton prices started declining in June 2018, falling from USD 2.15 per kg to USD 1.56 per kg in mid-2019. They then fell further to USD 1.40 per kg in April 2020 (with a sharp decline as of March 2020, when the pandemic was declared).

  5. Impact of COVID-19 The repercussions of the COVID-19 pandemic that engulfed the world at the start of 2020, could be felt immensely on the global bath rugs market. The COVID-19 outbreak has had a momentous impact on global cotton-to-textile value chains, resulting in a heap of undesirable consequences. A drop in demand for textile has resulted in substantial drops in international cotton prices, resulting in order cancellations and a net worsening of the terms of trade for African LDCs and other nations. These countries rely on imported inputs as well, and getting cotton from farms to export centers presents considerable logistical challenges and high trade costs.

  6. Regional Insights Based on region, the global bath rugs market is divided into North America, Europe, the Asia-Pacific, Latin America, and the Middle East Africa region. Europe held the largest share in the global bath rugs market with 35.30% market share in 2021 and garnered USD 1,553.5 million. The Middle East & Africa is projected to grow at the fastest CAGR of 6.35% during the forecast period, i.e., 2022-2028. The growing focus of Europe on circular economy have enabled the advent of recycled bath rugs. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/global-bath-rugs-market/report-sample

  7. Competitive Landscape The Bath Rugs market is a fragmented market with numerous players serving the market. The key players dominating the global Bath Rugs market are IKEA India Private Limited., Chesapeake India Private Limited., Welspun Global Brands Limited, Trident Group Limited, J&E BROTHERS HOLDINGS, LLC, Interdesign Inc., Creative Bath, Products Inc., Utopia Towels Inc, Venus Group Inc., The Rug Company, Stainmaster Inc., Guangzhou Qiqi Garment Textile Co. Ltd., Townhouse Rugs, Clara Clark, Epica and other prominent players. The market players are focusing on increasing their customer base to attain a competitive edge in the market.

  8. Recent Development October 2021:Baracoda Daily Healthtech, a Paris-based startup developed world’s first smart bath mat, Bbalance that allows users to check their postures, monitor various health metrics and measure their weight using a companion app. It comes equipped with a unique footprint ID system that lets the device to deliver personalized health metrics for several people in a family, including their body composition, weight, balance and posture. September 2021:Karastan declared an exclusive collaboration with the product designer Stacy Garcia to develop a rug collection under Stacy Garcia Home, her residential consumer brand, for Nebraska Furniture Mart. The Stacy Garcia Home collection for Nebraska Furniture Mart by Karastan inspires customers to buy stylish and quality designs at a remarkable value.

  9. Key Players The key players dominating the global Bath Rugs market are IKEA India Private Limited., Chesapeake India Private Limited., Welspun Global Brands Limited, Trident Group Limited, J&E BROTHERS HOLDINGS, LLC, Interdesign Inc., Creative Bath, Products Inc., Utopia Towels Inc, Venus Group Inc., The Rug Company, Stainmaster Inc., Guangzhou Qiqi Garment Textile Co. Ltd., Townhouse Rugs, Clara Clark, Epica and other prominent players.

  10. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  11. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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