Germany leads the European market for hours worked in floor and wall covering, with a significant value of 192.65 million hours, experiencing a steady growth of 1.84% year-on-year. The United Kingdom follows with substantial figures but remains much lower at 42.807 million hours, growing by 1.37%. Poland and Austria report 21.021 and 20.155 million hours respectively, with Poland showing a positive growth of 1.37% whereas Austria remains almost stable with a slight decline of -0.0016%.
In Southern Europe, Spain and Italy's values are lower, with Spain at 14.014 million hours and Italy at 7.6604 million hours, both showing significant negative growths of -13.43% and -12.55%, respectively. Portugal shows a notable growth rate of 4.93% while Croatia experiences a strong increase of 9.54% reaching 9.4592 million hours. The Nordic region indicates mixed results, with Norway showing a substantial increase of 6.66% and Finland at 0.73%.
In smaller markets, values are relatively low, with countries like Luxembourg, Cyprus, and Lithuania at approximately 2 million hours or less. Bulgaria and Greece both show declines, with Greece having a considerable -6.51% reduction. Emerging markets like Bosnia and Herzegovina and Slovakia show diverse trends, with the former growing by 4% while the latter declines sharply by -9.75%.
Future Trends:
- The German and UK markets are poised for continual steadfast growth.
- Eastern Europe, particularly Croatia and Romania, may see stronger momentum.
- Southern Europe could face further declines without interventions aimed at market stabilization.
- Smaller markets might experience volatility due to external economic factors.
Top countries in Hours Worked in Floor and Wall Covering by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 192,650,000 | 2023 | +3.95% | +1.84% | View data |
| 2 | 2 United Kingdom | 42,807,000 | 2023 | +1.89% | +1.37% | View data |
| 3 | 3 Poland | 21,021,000 | 2023 | +1.97% | +1.37% | View data |
| 4 | 4 Austria | 20,155,000 | 2023 | +0.32% | -0.0016% | View data |
| 5 | 5 Sweden | 18,293,000 | 2023 | +2.85% | +1.88% | View data |
| 6 | 6 Spain | 14,014,000 | 2023 | -28.09% | -13.43% | View data |
| 7 | 7 Portugal | 12,922,000 | 2023 | +3.88% | +4.93% | View data |
| 8 | 8 Croatia | 9,459,200 | 2023 | +6.84% | +9.54% | View data |
| 9 | 9 Romania | 9,373,600 | 2023 | -0.077% | +1.75% | View data |
| 10 | 10 Netherlands | 9,010,300 | 2023 | +1.24% | +1.84% | View data |
