The turnover in the carpets and rugs sector in Denmark experienced fluctuations from 2013 to 2023. In 2023, the market stood at 1.48 billion DKK, reflecting a 4.93% year-on-year increase from 2022. The sector had notable growth in certain years, like 2017 and 2018, contrasted by significant declines in 2019 and 2020. Over the last five years, the market showed an average annual decrease (CAGR) of -0.67%. The forecasted growth for the next five years is moderate, with a forecasted 5-year CAGR of 1.05% and an overall growth rate of 5.38%, reaching 1.59 billion DKK by 2028.
Future trends to watch for include:
- Technological advancements in carpet manufacturing
- Increasing demand for sustainable and eco-friendly products
- Macroeconomic factors impacting consumer spending
- Changes in interior design trends and consumer preferences
