The UK tufted carpets and other tufted textile floor coverings market is projected to experience a gradual decline over the forecast period from 2024 to 2028. In 2023, the market stood at 156.1 million square meters, and forecasts indicate a decrease to 153.72 million square meters by 2028. This represents a slight year-on-year decline of approximately 0.3%, with a compounded annual growth rate (CAGR) of approximately -0.31% from 2024 to 2028, reflecting a consistent decrease in volume.
Future trends to watch for:
- Growth in eco-friendly and sustainable flooring solutions.
- Changes in consumer preferences influenced by interior design trends.
- Potential impacts of Brexit and economic policies on manufacturing and trade.
