The forecasted gross investment in the carpets and rugs sector in Belgium shows a consistent upward trend from 2024 to 2028, starting at 88.2 million Euros in 2024 and reaching 97.1 million Euros by 2028. This represents year-on-year increases of approximately 2.6% from 2024 to 2025, 2.4% from 2025 to 2026, 2.4% from 2026 to 2027, and 2.3% from 2027 to 2028. In 2023, the sector stood at 86 million Euros.
The cumulative average growth rate (CAGR) over the period from 2023 to 2028 is estimated to be around 2.4% per annum.
Trends to watch for in this sector include:
- Potential influences of sustainable and eco-friendly products on investment levels.
- Technological advancements in manufacturing processes leading to cost efficiencies.
- Changing consumer preferences towards home decor and lifestyle products that may affect market demand.
- Global economic fluctuations that could impact expenditure and investment trends across sectors.
