The carpet and rug market in the UK experienced notable fluctuations between 2013 and 2023. The turnover peaked at €1300 million in 2015 but subsequently declined to stabilize around €1040 million from 2022. The recent data for 2023 shows a slight decrease to €1030 million, reflecting a steady market with minor annual changes of less than 0.4% over the last few years. The Compounded Annual Growth Rate (CAGR) over the last five years stands at 0.56%, indicating marginal growth.

Future trends to watch for:

The forecast indicates a slight decline with a -0.3% CAGR over the next five years, suggesting cautious market behavior.
Economic factors such as inflation, housing market trends, and consumer spending power will continue to impact turnover.
Innovations in sustainable materials and design trends could drive new growth opportunities.