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Carpet & Rug Manufacturing in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-C1393 June 2024 Factsheet

Revenue

€1.3bn

2019-2024 5.9 %
2024-2029 X.X %

Employees

5,663

2019-2024 3.1 %
2024-2029 X.X %

Businesses

79

2019-2024 2.4 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Carpet & Rug Manufacturing in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#2 In Europe
Business
#5 In Europe
Employees
#2 In Europe
Wages
#3 In Europe

View industry report for Europe

The landscape of Europe's Carpet and Rug Manufacturing industry is shifting. The rise of home working has spurred a hike in home renovations and makeovers, with people spending more time at home looking to refresh their surroundings. As a result, consumers are investing more in home decor and furniture, driving up demand for aesthetically pleasing carpets and rugs, giving manufacturers’ sales a boost. However, recent hikes in interest rates have put pressure on the residential and commercial building industries; they’ve made borrowing for home purchases and new construction products more expensive, creating a ripple effect on the industry by limiting sales opportunities. At the same time, demand from commercial byers like offices has struggled post pandemic. Revenue is expected to drop at a compound annual rate of 12.1% over the five years through 2024 to €8.7 billion, including an estimated 4.3% slump in 2024.

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Enterprises
Number of businesses in 2024

Biggest companies in the Carpet & Rug Manufacturing in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Interface Inc
1,294.6
130.9
10.1
Tarkett SA
2,788.5
406.7
14.6
Greenwood & Coope Ltd
147.8
21.4
14.5

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Top Questions Answered in this Report

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What is the market size of the Carpet & Rug Manufacturing industry in Belgium in 2024?

The market size of the Carpet & Rug Manufacturing industry in Belgium is €1.3bn in 2024.

How many businesses are there in the Carpet & Rug Manufacturing in Belgium industry in 2024?

There are 79 businesses in the Carpet & Rug Manufacturing industry in Belgium, which has grown at a CAGR of 2.4 % between 2019 and 2024.

Has the Carpet & Rug Manufacturing industry in Belgium grown or declined over the past 5 years?

The market size of the Carpet & Rug Manufacturing industry in Belgium has been declining at a CAGR of 5.9 % between 2019 and 2024.

What is the forecast growth of the Carpet & Rug Manufacturing industry in Belgium over the next 5 years?

Over the next five years, the Carpet & Rug Manufacturing industry in Belgium is expected to decline.

What are the biggest companies in the Carpet & Rug Manufacturing market in Belgium?

The biggest companies operating in the Carpet & Rug Manufacturing market in Belgium are Interface Inc, Tarkett SA and Greenwood & Coope Ltd

What does the Carpet & Rug Manufacturing in Belgium include?

Tufted carpets and floor coverings and Woven carpets and floor coverings are part of the Carpet & Rug Manufacturing industry.

Which companies have the highest market share in the Carpet & Rug Manufacturing in Belgium?

The company holding the most market share in Belgium is Interface Inc.

How competitive is the Carpet & Rug Manufacturing industry in Belgium?

The level of competition is moderate and steady in the Carpet & Rug Manufacturing industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Manufacturers in this industry produce carpets, rugs and mats primarily by weaving or tufting wool, cotton and man-made fibres. Companies also manufacture knotted and needlefelt carpets, underlay and other carpet products are also included in this industry.

Related Terms

Pile Tufting Underlay

What's included in this industry?

Tufted carpets and floor coverings Woven carpets and floor coverings Needlefelt carpets and floor coverings

Companies

Interface IncTarkett SAGreenwood & Coope Ltd

Industry Code

ISIC 2006

1393 - Manufacture of carpets and rugs in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Carpet & Rug Manufacturing in Belgium industry?


Outlook

Analysis

What's driving the Carpet & Rug Manufacturing in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Carpet & Rug Manufacturing in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Carpet & Rug Manufacturing in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Tufted carpets dominate the market. Their durability, affordability and ease of mass production make them the industry's best-selling product.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Carpet & Rug Manufacturing in Belgium industry's products and services performing?

Analysis

What are innovations in the Carpet & Rug Manufacturing in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Carpet & Rug Manufacturing in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The concentration level in Europe's Carpet and Rug Manufacturing industry is relatively low. This suggests a wide dispersion of companies, with no single entity dominating the sector, leading to a diverse and competitive marketplace.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Carpet & Rug Manufacturing in Belgium located?

Companies

Data Tables

Top 6 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Carpet makers must follows strict environmental regulations. There are rules in place dictating chemical usage, waste management and consumer safety. Regulations also promote sustainability by advocating for recycled materials.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Carpet & Rug Manufacturing in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

The growth of the luxury market bolsters profit. Carpet and rug makers focusing on high-end, bespoke products often generate stronger returns than those operating at the lower end of the market.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Carpet & Rug Manufacturing in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.