In 2023, the sold production of carpets and rugs in France stood at approximately 45.5 million square meters. The forecast for 2024 indicates a slight increase to 46.065 million square meters, marking a year-on-year growth of about 1.2%. Looking ahead, a steady annual growth rate is anticipated, with projections showing an increase to 48.435 million square meters by 2028, resulting in a compound annual growth rate (CAGR) of approximately 1.26% over five years.
Future trends to watch for:
- Emerging sustainable and eco-friendly materials impacting market demand.
- Technological advancements in manufacturing processes improving product quality and efficiency.
- Potential shifts in consumer preferences towards custom and designer rugs.
- Impact of economic factors such as inflation and market volatility on production costs and consumer buying power.