Report Ocean recently released a research report on the Wall Covering Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global wall-covering market revenue was around US$ 153 billion in 2021 and is estimated to reach US$ 240.9 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2022 to 2031.
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Wall coverings are used to protect the vertical surfaces of homes and buildings and improve their aesthetic appeal. Depending on each user’s demands, it is a covering that may be applied to both interior spaces and outside facades. It is frequently used in both residential and non-residential industries.
Factors Influencing Market Growth
Governments of numerous nations have made investments in the residential sector due to population growth and higher living standards. As a result, these investments in the industry are predicted to raise the use of wall covering. Thus, these factors fuel the market.
The wall-covering industry has increased due to the increase in non-residential and residential buildings in emerging nations. These coverings also offer several benefits, including the ability to resist stains and moisture, improve texture, and safeguard the surface. Thus, these benefits to drives market growth.
Traditional and Digital printing has benefited from technical improvement, which has opened up new opportunities for the market.
Study of the COVID-19 Pandemic
During the COVID-19 outbreak, several wall-covering manufacturers had to halt operations in nations like India, China, the U.S., and others. Their sales were negatively damaged by this interruption. Additionally, the supply of items was restricted due to a scarcity of labor and raw materials, which had a negative impact on the market’s expansion. The restoration of manufacturing facilities and the availability of coronavirus disease vaccines are predicted to result in the reopening of wall-covering businesses.
Regional Insights
Asia-Pacific dominated the market. Due to expansion in the residential market brought on by population and income development. A rise in building construction and renovation projects in developing nations is also anticipated to create a variety of opportunities. The use of wallpaper and tile wall coverings in bathrooms, kitchens, and exterior and interior spaces, supports the expansion of the market in this region.
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Leading Competitors
The leading competitors in the global wall-covering market are:
A.S. Creation Tapeten AG
Ahlstrom Munksjo
Architonic
Asian Paints Ltd
Brewster
Daltile
F. Schumacher & Co
Grandeco
J. Josephson Inc
Maya Romanoff Corporation
Nippon Paint Holdings Co. Ltd
Onmi W.C. Inc
Osborne & Little
Saint Gobain
Sanderson Design Group
Waldan Paper Services
York WallCoverings
Others
Segmentation Analysis
The global wall covering market segmentation focuses on Product Type, Printing Type Application, End User and Region.
Segmentation based on Product Type
Wallpaper
Wal panel
Tile
o Ceramic
o Vinyl
o Porcelain
o Others
Segmentation based on Printing Type
Digital
Traditional
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Segmentation based on End User
Residential
Non-residential
Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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Table of Content
Chapter 1: Global Wall Covering Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Wall Covering market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Wall Covering Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Wall Covering market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Wall Covering market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Wall Covering market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Wall Covering market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Wall Covering business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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