Market Size of Netherlands Floor Covering Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 1.56 Billion |
Market Size (2029) | USD 1.83 Billion |
CAGR (2024 - 2029) | 3.24 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Netherlands Floor Covering Market Analysis
The Netherlands Floor Covering Market size is estimated at USD 1.56 billion in 2024, and is expected to reach USD 1.83 billion by 2029, growing at a CAGR of 3.24% during the forecast period (2024-2029).
However, due to the COVID-19 outbreak, the construction sector and the floor covering market were highly affected. The market is projected to recover slowly, with the government taking strategic decisions to resume regular life while minimizing the adverse effects of COVID-19.
The demand for aesthetically appealing designs has occupied a major share of the residential market. On the other hand, dynamic designs and bold colors have attracted commercial segments like hotels and offices in the Netherlands. The customers prefer floor coverings that reflect their traditional roots, especially ceramic tiles. Thus, the demand for old-Dutch designs intertwined with current designs is gaining more significance.
The Netherlands largely depends on importing the material for floor covering product manufacturing. The key players in the country's floor covering the market are a combination of several Nordic and European companies with a great presence in most EU countries.