Global Wall Covering market will reach 68435.16 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/9/10

The global wall covering production market was 2127.88 M USD in 2018 and is expected to grow at a CAGR of 5.37% from 2019 to 2025. The global wall covering market was valued at USD 50191.97 M USD in 2018 and is expected to reach USD 68435.16 M USD by 2025, growing at a CAGR of 4.53% from 2019 to 2025. Overall, the wall covering products performance is positive with the global economic recovery.

The technical barriers of wall covering are relatively low, resulting in low level concentration degree. The manufacturing bases scatter around the world, mainly concentrating in China, Spain, and Italy. The key companies in wall covering market include Asheu, Sangetsu Co., Ltd., A.S.Création, Lilycolor, York Wallpapers, PAMESA, Marburg, Shin Han Wall Covering, Zambaiti Parati.

Wall covering are widely used in residential, commercial projects. The investment in office, hotel, residential and infrastructure markets is expected to improve in the next years, especially in China, India, etc. As the demand increases rapidly with higher spending propensity, the increased consumption of wall covering industries is expected to continue during the remaining years of the forecast period of 2019-2025.

In the past few years, the price of wall covering decreased slightly and we expect the price has pressure to increase in short time. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of wall covering. Therefore, to some extent, the companies face the risk of profit decline.

There are companies adding new capacities and aiming at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in wall covering market will become more intense.

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