The Netherlands leads the European tufted carpet market with a 31.3% share, despite only a modest growth of 0.79% in 2023. Belgium follows with a 25.04% share, but it experienced a 1.22% decline. The UK holds 22.01%, with slight growth last year. Germany and France have contrasting trends, with Germany shrinking significantly by 6.35%, while France grew by 2.11%. Spain and Portugal show robust growth, with Spain galloping ahead at 8.04%. Meanwhile, smaller markets like Greece and Lithuania exhibit double-digit growth rates, albeit from a lower base.
Future trends to watch include technological advancements improving manufacturing efficiency, sustainability demands reshaping product offerings, and geopolitical factors influencing trade and market dynamics. Additionally, the growth in residential construction and refurbishment activities across Europe could drive demand further.
Top countries in Sold Production of Tufted Carpets and Other Tufted Textile Floor Coverings Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Netherlands | 31.3 | 2023 | +4.14% | +0.79% | View data |
| 2 | 2 Belgium | 25.04 | 2023 | -0.4% | -1.22% | View data |
| 3 | 3 United Kingdom | 22.01 | 2023 | +0.1% | +0.37% | View data |
| 4 | 4 Germany | 7.46 | 2023 | -7.68% | -6.35% | View data |
| 5 | 5 France | 4.72 | 2023 | +8.38% | +2.11% | View data |
| 6 | 6 Denmark | 4.38 | 2023 | +4.48% | +0.2% | View data |
| 7 | 7 Austria | 2.85 | 2023 | +1.3% | +0.018% | View data |
| 8 | 8 Czechia | 1.9 | 2023 | |||
| 9 | 9 Spain | 1.87 | 2023 | +0.72% | +8.04% | View data |
| 10 | 10 Portugal | 0.74 | 2023 | +1.92% | +2.53% | View data |
