What is Global Crown Moulding Market?
The Global Crown Moulding Market is a vast and dynamic sector that deals with the production, distribution, and consumption of crown moulding products worldwide. Crown moulding is a decorative trim used to transition between a wall and a ceiling, adding an elegant touch to any room. This market is not confined to a specific region or country but spans across the globe, making it a significant player in the international trade and economy. The market's value was estimated at US$ 7857 million in 2022, and it is projected to grow to US$ 10880 million by 2029. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 4.7% from 2023 to 2029. The market is dominated by a few key players, with the top five manufacturers holding a 2% share. Despite the presence of several manufacturers, the market is not overly saturated, indicating room for potential growth and investment.
Polyurethane, Urethane, MDF, Wood, Polystyrene, Others in the Global Crown Moulding Market:
The Global Crown Moulding Market is segmented based on the type of material used in the production of the mouldings. These materials include Polyurethane, Urethane, MDF (Medium-Density Fibreboard), Wood, Polystyrene, among others. Each material has its unique properties and applications, contributing to the market's diversity. Wood, for instance, is the largest segment in the market, holding a share of about 25%. This dominance can be attributed to wood's timeless appeal, durability, and versatility. Polyurethane and urethane are synthetic materials known for their resistance to wear and tear, making them suitable for high-traffic areas. MDF is a cheaper alternative to wood and is preferred for its smooth finish and ease of installation. Polystyrene, on the other hand, is lightweight and affordable, making it a popular choice for DIY projects. The choice of material largely depends on the consumer's budget, aesthetic preference, and specific needs.
Ceiling, Door and Window, General Purpose in the Global Crown Moulding Market:
The Global Crown Moulding Market also varies based on its applications. Crown mouldings are primarily used in three areas: Ceiling, Door and Window, and General Purpose. In the ceiling application, crown mouldings are used to add a decorative touch to the room, often enhancing the perceived height of the room. For doors and windows, crown mouldings serve as a stylish frame, adding character and sophistication to these openings. In general purpose applications, crown mouldings are used in a variety of ways, from creating wall panels to serving as a decorative trim for furniture and cabinetry. The versatility of crown mouldings makes them a popular choice in both residential and commercial settings.
Global Crown Moulding Market Outlook:
To recap, the Global Crown Moulding Market was valued at US$ 7857 million in 2022 and is expected to reach US$ 10880 million by 2029, growing at a CAGR of 4.7% during the forecast period of 2023-2029. The market is segmented based on the type of material, with wood being the largest segment, holding a 25% share. The market is also segmented based on application, with crown mouldings being used in ceilings, doors and windows, and general purpose applications. The top five manufacturers in this market hold a 2% share, indicating a competitive market landscape.
| Report Metric | Details |
| Report Name | Crown Moulding Market |
| Accounted market size in 2022 | US$ 7857 in million |
| Forecasted market size in 2029 | US$ 10880 million |
| CAGR | 4.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Metrie, Ekena Millwork, Alexandria, RapidFit, American Pro Décor, Canamould, RowlCrown, Focal Point, House of Fara, Woodgrain Millwork, NMC, Ornamental Moulding |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
