From 2013 to 2023, the market size by volume for tufted carpets and other tufted textile floor coverings in Denmark exhibited fluctuations, peaking in 2015 and subsequently declining. By 2023, the market stood at 4.6663 million square meters. Notably, 2016 and 2020 saw significant decreases, with year-on-year variations of -23.43% and -18.16%, respectively. Despite a recovery in 2021, the CAGR over five years leading to 2023 was -1.21%, indicating a slight downward trend.
Future trends to watch for include:
- The growing emphasis on sustainability, which may increase demand for eco-friendly materials.
- Technological advancements offering innovative designs and functionalities.
- Potential rebound in the housing and construction sectors, influencing demand.
