Market Size of Europe Wall Coverings Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.34 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Wall Coverings Market Analysis
The European wall coverings market was valued at USD 11.195 billion in 2020, and is expected to reach USD 14.43 billion in 2026, registering a CAGR of over 4.34% during the forecast period, 2021-2026. The European market is expected to witness robust growth and is likely to retain its market leadership over the forecast period. The region has witnessed a significant rise in the construction of new buildings, residential as well as commercial, on the back of low-interest rates, good economic growth, and pent-up needs. The aforementioned factors have significantly contributed to the growth of home furnishing.
- The rise in the number of residential houses or complexes, due to an increasing number of nuclear families, caused the residential segment to hold a large share over commercial applications. In the present scenario, wall panels and wallpapers, which are sub-segments of wall coverings, are the dominant products.
- The European population has been concerned about the home furniture and décor systems. Owing to the increasing number of high-income population, the spending on home furnishing has increased over the past few years. Due to this demand, European companies are investing significantly in innovative wall coverings. For instance, Kobe's library offers a wide range of fabrics and wall coverings to create one's own personal statement in interiors.
- High inventory costs have been one of the biggest challenges to the growth of the wall coverings industry. Distributors are needed to stockpile the number of patterns, styles, and raw materials, and store them in controlled environments to protect them from various climatic conditions. Such storage requirements are coupled with very low inventory turnover rates.
