US Wall Covering & Wall Decor Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.27 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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US Wall Covering & Wall Decor Market Analysis
The United States wall covering and wall decor market is anticipated to register a CAGR of 3.27% over the forecast period. The two common areas of applications of wall coverings and wall decor are residential and commercial facilities. Many qualities of wallpaper, including color, texture, and design, drastically change the appearance of rooms. Moreover, a growing interest in textured wall coverings, like grasscloth wallpaper, and other surfaces, such as natural woods, boucle, boiled wool, canvas, mohair, and sisal fabrications, has witnessed increased preferences.
- In the wallpaper industry, residential constructions hold a sizeable market share and predict to rise significantly. As a result of continued population expansion across the US, demand for wall homes, especially apartments, has surged. It is primarily due to work possibilities and population growth.
- Additionally, US construction spending unexpectedly rebounded in September 2022, experiencing a surge in nonresidential structures investment. It offset a further decline in outlays on single-family homebuilding. The commerce department stated that construction spending rose by 0.2% in September after declining by 0.6% in August 2022.
- Moreover, some primary-edge digital techniques transform ordinary surfaces into a unique reflection of a company's brand image. Also, the growing demand for digitally printed solutions and online procurement of wall art is anticipated to propel the market growth in the forecast time frame. As such, wall coverings have witnessed several enhancements and are catering to the demands of consumers.
- However, the demand for wallpapers gets challenged by the difficulty in installing or replacing a wallpaper, coupled with changing consumer preferences toward low-cost décor ideas.
- Due to the past COVID-19 outbreak, the US has been severely affected, as it is among the top countries with the highest number of positive cases and deaths. Such factors impacted the construction sector in the country. Various projects in the country have got delayed for groundbreaking or construction work due to lockdown and lack of workforce. Home constructions have seen sluggish growth from the end of 2020 until mid-2021. Due to declining consumer spending capability and loss of business, new investments in home buying decisions were postponed to a later date, hampering the market growth.
US Wall Covering & Wall Decor Market Trends
This section covers the major market trends shaping the US Wall Covering & Wall Decor Market according to our research experts:
Increasing Construction Activity to Drive the Market Growth
- Trends like construction spending, real estate costs, the rising cost of home renovations, and business prospects for interior designers are boosting the market for wall coverings and décor in the US. According to the US Census, construction spending during September 2022 was estimated at a seasonally adjusted annual rate of USD 1,811.1 billion, 0.2% above the revised August estimate of USD 1,807.0 billion. The September figure is 10.9 % above compared to September 2021, estimated at around USD 1,632.9 billion.
- The value of new private construction completed in 2022 exceeded USD 1.45 trillion in September, signaling a definite trend in the private sector's investment in the building. As a result, substantial expenditures were made in house remodeling and decoration in the US, which boosted the wallcovering industry there. A similar trend of increased residential construction will drive the demand for wall coverings brought on by the world's growing population.
- The commercial building industry is also expanding. The value of new commercial buildings in the US will increase from USD 47.33 billion in 2012 to USD 99.42 billion in 2021, according to the FMI Corporation. The market expansion in the area is also anticipated to be boosted by technological developments in wall coverings, such as inkjet printing (expected to emulate the texture, design, and appearance of natural wood and stone).
- The market vendors concentrated on developing new items to fulfill the surge in demand brought on by the boom in residential development. Sublimation printing is gaining traction in the textile printing market for home decor. It also includes wallcoverings made of printed cloth. With the aid of modern printing technologies, vendors in the market are expanding their product innovations.
- For instance, Beaver Paper Group, a well-known producer of sublimation media, introduced their new TexStyles FashionWalls in September 2021. This new range of printable fabric wall coverings enables consumers to create patterns to suit any atmosphere. FashionWalls is abrasion-resistant, washable, and durable. It comes in two versions-latex/UV and dye-sublimation-and is constructed entirely of knit polyester.
Tiles to Hold Significant Market Share
- The tiles considered under the scope include ceramic, porcelain, marble, and other tiles. These wall-covering tiles are of different sizes and are fixed on walls using adhesives. NITCO, one of India's leading surface design companies, participated in the recently concluded Coverings 2022 event held in Las Vegas, USA. Also, in April 2022, NITCO introduced its new wall tiles and mosaics for the second consecutive year in the US.
- Ceramic wall tiles are rapidly replacing traditional wall covering materials, such as paints and wallpapers, due to their durability, stain and scratch resistance, and low maintenance properties. Furthermore, the growing adoption of ceramic wall tiles as a low-cost alternative to marble and other natural stone slabs further creates scope for the market.
- According to the Tile Council of North America (TCNA), Ceramic tile sales and consumption are intimately related to the residential new homes market. In 2021 3.11 billion sq ft of ceramic tile were consumed in the US as ceramic tiles are affordable, practical, and simple to maintain regarding flooring and wall decor.
- Designer tiles are gaining momentum in the commercial industry, with businesses exploring new designs to improve infrastructure appeal. Marble tile brings a sense of elegance and timelessness to any space. Even after the higher initial cost of wall tiles, factors such as attractiveness, longevity, and durability have made tiles one of the most sought-after wall covering products.
US Wall Covering & Wall Decor Industry Overview
The United States wall covering and wall decor market is fragmented. Players in the market are adopting strategic collaboration, offering new products to cater to the demands of changing customer preferences, and strengthening their market share.
January 2022 - Ahlstrom-Munksjö purchased a 60% interest in Chinese decor paper manufacturer Minglian New Materials Technology Co. Ltd., creating a joint venture with a state-of-the-art factory in Xingtai, Hebei Province, China. Ahlstrom-Munksjö has become a prominent participant in the decor paper market with enhanced cost competitiveness and a strong presence in Europe, America, and Asia by integrating Minglian with its current Decor business,
US Wall Covering & Wall Decor Market Leaders
Benjamin Moore & Co.
York Wall Coverings
Crossville Inc. Tile
F. Schumacher & Co.
Brewster Home Fashion LLC
*Disclaimer: Major Players sorted in no particular order
US Wall Covering & Wall Decor Market News
- November 2022: Floor & Décor plans to expand its nationwide footprint by opening its newest location in Coral Springs, Florida. This opening marks the 10th warehouse store in the South Florida market.
- November 2022: Floor & Décor also expanded its footprint by opening its new location in Timnath, Colorado.
US Wall Covering & Wall Decor Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rebounding Residential Construction Activity
4.2.2 Growing Demand for Digitally Printed Solutions and Online Procurement of Wall Arts
4.3 Market Challenges
4.3.1 Strong Competition from the Paint Segment
4.3.2 Impact of Recent Changes in Macro Environment on Customer Spending
4.4 Industry Attractiveness - Porter's Five Force Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
4.5 Industry Value Chain Analysis
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Wall Panel
5.1.2 Tiles
5.1.3 Metal Wall
5.1.4 Wallpaper
5.1.4.1 Vinyl
5.1.4.2 Non-woven Wallpaper
5.1.4.3 Paper-based Wallpaper
5.1.4.4 Fabric Wallpapers
5.1.4.5 Other Wallpapers
5.1.5 Wall Decor
5.1.5.1 Wall Art
5.1.5.2 Wall Decal
5.1.5.3 Wall Frames (Mirrors, etc.)
5.1.5.4 Other Wall Decors
5.2 Type
5.2.1 Non-Removable
5.2.2 Removable
5.3 Application
5.3.1 Residential
5.3.2 Non-residential (Commercial and Institutional Establishments)
5.4 Distribution Channel
5.4.1 Specialty Store
5.4.2 Home Center/Furniture
5.4.3 Mass Merchandiser
5.4.4 E-commerce
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Brewster Home Fashion
6.1.2 Benjamin Moore & Co.
6.1.3 York Wall Coverings
6.1.4 F Schumacher
6.1.5 Crossville Inc. Tile
6.1.6 J Josephson Inc.
6.1.7 Wallquest Inc.
6.1.8 Sherwin-Williams Company
6.1.9 Koroseal Wall Protection'
6.1.10 Len-Tex Corporation
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. MARKET OPPORTUNITIES AND FUTURE TRENDS
US Wall Covering & Wall Decor Industry Segmentation
Wall coverings protect the wall surface from accidental marks or scratches, apart from imparting an air of quality and grandeur to bare walls. They further help with interior décor while customizing it with the help of various colors and patterns. Additionally, these coverings are cost-effective.
The US Wall Covering and Wall Decor Market are segmented by Product Type (Wall Panel, Tiles, Metal Wall, Wallpaper (Vinyl, Non-woven Wallpaper, Paper-based Wallpaper, Fabric Wallpaper), Wall Decor(Wall Art, Wall Decal and Wall Frames), By Type (Non-removable, Removable), By Application (Residential, Non-residential), and By Distribution Channel (Specialty Store, Home Center/Furniture, Mass Merchandiser, E-commerce). The market gets tracked in terms of revenue (USD Billion).
| Product Type | |||||||
| Wall Panel | |||||||
| Tiles | |||||||
| Metal Wall | |||||||
| |||||||
|
| Type | |
| Non-Removable | |
| Removable |
| Application | |
| Residential | |
| Non-residential (Commercial and Institutional Establishments) |
| Distribution Channel | |
| Specialty Store | |
| Home Center/Furniture | |
| Mass Merchandiser | |
| E-commerce |
US Wall Covering & Wall Decor Market Research FAQs
What is the current United States Wall Covering and Wall Decor Market size?
The United States Wall Covering and Wall Decor Market is projected to register a CAGR of 3.27% during the forecast period (2024-2029)
Who are the key players in United States Wall Covering and Wall Decor Market?
Benjamin Moore & Co., York Wall Coverings, Crossville Inc. Tile, F. Schumacher & Co. and Brewster Home Fashion LLC are the major companies operating in the United States Wall Covering and Wall Decor Market.
What years does this United States Wall Covering and Wall Decor Market cover?
The report covers the United States Wall Covering and Wall Decor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Wall Covering and Wall Decor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Wall Covering and Wall Decor Industry Report
Statistics for the 2024 United States Wall Covering and Wall Decor market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States Wall Covering and Wall Decor analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
