Jun 22,2021/IndustryNewsGlobal/ Theunexpected shifts in the global markets because of the sudden outbreak of theCOVID-19 virus have brought many major and minor tremors to industries of all sizes including the Wall Covering Market.
Wall covering market islikely to witness an impressive CAGRof 4.5% during the forecast period. The growing demand forwall covering is mainly due to the enhancement of the appearance of the wallsand increasing personal income of people to spend on wall covers.
Wall coverings arematerials such as wallpaper or textured fabric and other products used asdecorative coverings for walls.
This report studies themarket covering a period of 12 years of trend and forecast. The report providesdetailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Based on the product type, the market issegmented as wall panel, wall paper, tile, metal wall covering, and otherproducts. The wall panel segment held the largest share of the market in 2020, and is expected to remain dominant during the forecast period. The usage of wall panels results in better aesthetic appeal as the wall panels cover the wall with fewer joints.
Based on the application type, the wall coveringmarket is segmented as commercial and residential. The residential segmentleads the market owing to rise in population and increasing spending power of people, which is giving rise to construction of new houses in the urban and sub-urban areas globally, and surge in the construction of non-residential buildings and institutes, which is also a major reason for the dominance of this segment.
In terms of regions, North America is estimatedto be the largest as well as the fastest-growing market for wall coveringduring the forecast period, with the USA and Canada being the major countries offering lucrative growth opportunities. The growth of the region’s market is owing to, increasing per-capita income of countries, extensive growth of construction industry in the region, and presence of a large number of wall covering manufacturers in the aforementioned countries. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
KeyPlayers:
A.S. Création Tapeten AG
- Adfors (Saint Gobain)
- Ahlstrom-Munksjö Oyj
- Asian Paints Ltd
- Benjamin Moore & Co.
- Brewster Home Fashion
- Grandeco Wallfashion Group
- J. Josephson Inc.
- Nippon Paint Holdings Co. Ltd
- Walker Greenbank PLC.
- Features of the Report
This report offershigh-quality insights and is the outcome of detailed research methodologycomprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
The Wall Covering Market analysis reportdiscusses the following heads in great detail:
· Market structure: Overview,industry life cycle analysis, supply chain analysis
· COVID-19 Impact Assessment
· Market environmentanalysis: Growth drivers and constraints, Porter’s five forces analysis, SWOTanalysis
· Market trend and forecastanalysis
· Market segment trend andforecast
· Competitive landscape anddynamics: Market share, product portfolio, product launches, etc.
· Attractive market segmentsand associated growth opportunities
· Emerging trends
· Strategic growthopportunities for the existing and new players
· Key success factors
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