The Europe Wallpaper Market would witness market growth of 7.7% CAGR during the forecast period (2021-2027).
The market growth of wallpaper is growing with the rising real estate sector. The traditional wall decoration methods consume a large amount of time whereas wallpapers are convenient to install and are durable, thereby the demand for wallpaper is surging in the real estate industry. In addition, wallpaper helps in covering the flaws and holes in the wall. Also, it does not contain harmful substances like lead, which is surging the wallpaper market growth. The factors such as rising population in middle-class housing requirements and growing disposable income are also fueling the market growth. In contrast, the high prices of the customized wallpapers are hampering the market growth.
In Europe, the construction of new buildings, in the both commercial and residential sectors is growing, which is expected to contribute to the growth of the regional wallpaper market. The increasing number of nuclear families is giving rise to the number of residential houses and complexes. Owing to this, the demand for wallpapers has increased in this region as people are preferring to use wallpaper over traditional paints. Also, the governments in this region, are encouraging people to use more and more eco-friendly products for their homes.
The wallpaper market in this region is highly competitive and includes many key players. These key players are focusing on expanding their customer base across the globe. The companies in this region are planning to take collaborative initiatives to propel their market share and raise their profitability. In addition, growing demand for premium real estate is one of the major trends, impacting the market. Real-estate companies are emphasizing on adding value to the wallpaper by offering sophisticated designs and luxury interiors to fulfill the customer demand.
The Germany market dominated the Europe Residential Market by Country in 2020, thereby, achieving a market value of $80 million by 2027. The UK market is showcasing a CAGR of 6.9% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 9.3% during (2021 - 2027).
Based on Product, the market is segmented into Vinyl, Nonwoven, Fabric, Paper, and Other Products. Based on End Use, the market is segmented into Commercial and Residential. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Wallpaper Market Size will Hit $2.6 Billion by 2027, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Sangetsu Corporation, A.S. Création Tapeten AG, Asian Paints, York Wallcoverings, Inc., Brewster Home Fashions LLC, F. Schumacher & Co., Osborne & Little Ltd., The Romo Group, Grandeco Wallfashion Group Belgium NV and 4Walls.
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