Netherlands Floor Covering Market - Growth, Trends, and Forecasts (2020 - 2025)
The floor covering market in the Netherlands recorded growing revenue share till 2019, but due to the COVID-19 pandemic, the construction sector is highly affected and so the floor covering the market. The market is forecasted to recover in a slow manner with the strategic decisions of the government to resume to regular lifestyle with minimizing the adverse effect of COVID-19. The demand for aesthetically appealing designs has occupied a major share of the residential market whereas the dynamic designs, bold colors have attracted commercial segments like hotels and office markets. The customers are preferring to floor coverings that reflect their traditional roots especially in the ceramic tiles segment, thus the demand for old-Dutch designs that are intertwined with current designs is gaining more significance. The Netherlands largely depends on importing the material for floor covering products manufacturing. The key players on the floor covering the market of the Netherlands are a combination of several Nordic born and European born companies that have a great presence in most of the European Union countries.
Key Market Trends
Belgium is the Largest Exporter of Floor Covering Products to the Netherlands
With the increasing demand for the construction market, the performance of floor covering market in the Netherlands is growing and has been recording high import value from the past few years. The Netherlands imports various floor covering materials from various countries in the world. Belgium is the largest supplier of the products from the past five years, whereas, the overall imports of floor covering products from France to the Netherlands increased rapidly during 2018. Belgium recorded the highest import value in 2019. The import value increased from USD 4,513 in 2015 to USD 17,594 in 2016 and recorded USD 13,952 in 2019.
Carpets and Rugs Segment Recorded High Import Value
The Carpets and Rugs segment of the floor covering market in the Netherlands is gaining more significance in recent times. The segment has been recording high imports from various parts of the world. Belgium recorded high export volume to the Netherlands and become the leading supplier country of carpets and rugs to the Netherlands in 2019 with around USD 179 thousand, followed by India with EUR 41,548. China, Germany, and Turkey have also exported high volumes and together constituted for around USD 99,000 import value.
The report covers major players operating on the floor covering the market in the Netherlands along with their product portfolio, key financials, and developments. The floor covering market is transforming with many technological advancements through product innovation. A shift in interests of key market players is visible with their heavy investments in R&D to produce eco-friendly and recyclable flooring materials for all the residential and non-residential applications.
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