How big is the wall covering market:
The global wall covering market size reached US$ 36.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 47.2 Billion by 2028, exhibiting a growth rate (CAGR) of 4.4% during 2023-2028.
IMARC Group, a leading market research company, has recently releases report titled “Wall Covering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global wall covering market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is wall covering?
Wall covering represents flexible textured materials that are applied permanently or semi-permanently on wall surfaces for covering, protecting, and decorating the interior space of a building. Some of the common product types include wall panels, wallpapers, tiles, metal wall covering, etc. These wall covering variants help to withstand scribbles or scratches caused by furniture, add textures in residential spaces, hide imperfections, reduce the risk of mold, and enhance the overall aesthetics. They are extremely cost-effective, easy to install, need minimum maintenance, and offer improved resistance to moisture, chemicals, and fire. Consequently, they find extensive applications in residential and commercial establishments across the globe.
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What are the growth prospects and trends in the Wall Covering Industry:
The rising investments in infrastructural development projects and the elevating number of residential and non-residential construction, renovation, and remodeling activities are primarily driving the wall covering market. Additionally, the increasing consumer demand for visually appealing interior and exterior wall designs and the launch of graphic design and digital printing technologies for printing textiles in diverse textures are acting as significant growth-inducing factors.
Apart from this, the shifting preferences from conventional ceramic tiling toward premium wall panels with high-quality finishes for kitchens and bathrooms are also positively influencing the global market. Moreover, the introduction of insulated wall panels that provide superior and uniform insulation as compared to more common procedures of house construction is further propelling the market growth. Besides this, the growing strategic collaborations among leading market players to innovate new products in various colors, patterns, sizes, and materials to cater to the evolving consumer needs and the expanding hospitality segment, owing to the escalating global tourism, are expected to augment the wall covering market in the coming years.
Who are the key players operating in the industry?
- S. Création Tapeten AG
- Ahlstrom-Munksjö Oyj
- Asian Paints Ltd
- Brewster Home Fashion
- Schumacher & Co.
- Grandeco Wallfashion Group
- Josephson Inc.
- Osborne & Little
- Sanderson Design Group
- York Wallcoverings Inc.
What is included in market segmentation?
Breakup by Product Type:
- Wall Panel
- Wall Paper
- Vinyl Wallpaper
- Non-woven Wallpaper
- Paper-based Wallpaper
- Fabric Wallpaper
- Metal Wall Covering
Breakup by Printing Type:
Breakup by Application:
- New Construction
Breakup by End User:
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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