US Wall Covering Market

US Wall Covering Market

The US Wall Covering market size was valued at $5,083.40 Million in 2020 growing at the CAGR of 5.99% from 2021 to 2028. This growth is attributed to several macro and microeconomic factors such as

Increase in consumer spending

With the slowdown of US economy due to the current COVID-19 pandemic, the consumer spending had also decline in 2020. This is attributed to the temporary close of the several construction activities and supply chain disruption. However, in 2021, the US economy is slowly returning to the pre-pandemic levels, and the consumer spending is likely to increase as consumers are eagerly waiting to spend on activities that had been put on halt during the COVID-19 pandemic.

The business offerings services for consumers are ramping up after more than a year, while labor market is also easing up due to the policy developed for Opening up America Again. The US consumer spending is expected to increase due to the surge in income as households received additional COVID-19 pandemic relief money from the government.

According to US Bureau of Economic Analysis, there has been decline in consumer spending in Quarter 1 and Quarter 2 of 2020. However, due to the ease of restriction and business facilities ramping up, there has been steady increase in the spending from quarter 3 (2020) to quarter 2 of 2021.

Further several factors restraining the market growth include

Increase the number of substitute products

Paints and coating are one of the most dominating substituting products to wall covering. The durability provided by residential paints and coating have increase its demand and consumer tend to prefer more since it last for longer period of time. Also, the wallpaper have lower durability as compared to paints and removing of existing wallpaper can be a tiresome task and also needs the right tools for efficient removal. Moreover, wallpaper can be stripped down with utmost care otherwise the wall can be damaged which can incur additional cost.

Different types of coating are used in residential, commercial, and industrial sectors. The interior and exterior coating can be either water-based or solvent-based. Consumer tend to prefer non-water-based solvent since it is environment friendly and long lasting. The increase demand for durability and sustainability of wall paints is expected to hamper the growth of wall covering market in future.

Collaborations and Alliances in the Wall Covering market is expected to generate higher avenues during the forecast period.

In the wake of the COVID-19 pandemic, supply chain disruptions have led to supply shortages or lower demand in the Wall Covering market. The pandemic has caused a decline in new orders and a corresponding decrease in production.

This section will analyze how COVID-19 has impacted supply chains, leading to shortages and lower demand for Wall Coverings.

In terms of COVID 19 impact, the Wall Covering market report also includes the following data points:

Impact on Wall Covering market size
Operating Weights Trend, Preferences, and Budget Impact
Regulatory Framework/Government Policies
Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
Opportunity in Wall Covering market

Key Insight in the report:
The US Wall Covering market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.

Our report covers extensive competitive intelligence which includes the following data points:

Business Overview
Business Segment Data
Financial Data
Product Segment Analysis and Specification
Recent Development and Company Strategy Analysis
SWOT Analysis

Wall Covering Market Segmentation:

Type
Wall Panel
Tiles
Metal Wall
Wallpaper
Application
Residential
Non-residential
Distribution Channel
Home Centers
Furniture Store
Specialty Stores
Mass Merchandiser
E-commerce

Key Players Analyzed in the Report:

Ahlstrom-Munksjö Oyj
Mohawk Industries
Johns Manville Corporation
Rust-Oleum Corporation
Sherwin-Williams Company
Len-Tex Corporation
Brewster Home Fashion
York Wall
Schumacher & Co.
Crossville Inc.

REPORT CONTENT:

High-level analysis of the current and future market trends and opportunities
Detailed analysis on current market drivers, restraining factors, and opportunities in the future
Wall Covering market estimates for 2020 and forecast from 2021 to 2028
Vendor market share analysis at each product level
Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.

Target Audience

Manufacturers
Suppliers and traders
Government, associations, and industrial bodies
Investors and trade experts
Consulting Firms or Individual Consultant
Anyone interested in understanding the industry dynamics of the Wall Covering market