The number of employees in the carpets and rugs sector in Germany is forecasted to decline from 2.88 thousand in 2024 to 2.61 thousand in 2028. The year-on-year decrease from 2024 to 2025 is approximately 2.43%, followed by a similar decline in subsequent years: 2.49% from 2025 to 2026, and 2.19% from 2026 to 2027, and finally a 2.61% drop from 2027 to 2028. This results in a compound annual growth rate (CAGR) of about -2.42% over the forecast period from 2024 to 2028.
Future Trends to Watch:
Observing this steady decline, it is essential to monitor technological advancements, changes in consumer preferences towards sustainable and eco-friendly products, and potential economic fluctuations which may significantly influence employment numbers in the carpets and rugs sector. Additionally, global competition and trade policies could further impact this trend.