The turnover of the floor and wall covering market in Italy saw fluctuations over the past decade. From 2013 to 2019, the market showed variable performance with a moderate recovery between 2016 to 2019. However, starting in 2020, there was a notable declining trend which persisted through to 2023, when turnover stood at 1.8 billion euros. Between 2021 and 2023, there was an average yearly decrease of 4.75% and 4.58%, respectively.
Looking ahead, the forecast indicates a continuous downward trend, with an average annual decline (CAGR) of 4.43% over the next five years, leading to a projected turnover of 1.37 billion euros by 2028. This represents an overall reduction of 20.28% by the end of the forecast period.
Future trends to watch for include:
- Changing consumer preferences towards sustainable and eco-friendly materials.
- Potential impact of economic fluctuations on the construction industry.
- Technological advancements in material science offering innovative and cost-effective products.
- Regulatory changes related to energy efficiency and building standards.
