Paint, Wallpaper & Supplies - Lithuania

In Lithuania, the revenue in the Paint, Wallpaper & Supplies market is estimated to reach US$85.48m in 2024.
It is projected to have an annual growth rate of 4.26% (CAGR 2024-2029).
Compared to other countries worldwide, United States generates the highest revenue in this market segment, with US$52bn in 2024.
When considering the population size, the per person revenue in Lithuania is approximately US$31.74 in 2024.
Lithuania's growing interest in eco-friendly and sustainable paint options reflects its commitment to environmental conservation and consumer awareness.

Definition:

Paints, Wallpaper & Supplies covers a wide-ranged segment of the DIY & Hardware market. Under paint, this includes all types of paint for interior and exterior usage. Wallpaper refers only to wallpaper and does not include wall tiles or wall panels. Supplies include various products which are related to the paint and wallpaper market, focused mainly on cleaning and repairing walls. The segment does not include painting tools, which are included in the Tools & Machines segment instead.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Paint
Wallpapers
Paint supplies
Wallpaper supplies

Wall tiles
Wall panels
Painting tools

"The DIY & Hardware Store Market in Lithuania has seen minimal growth, attributed to factors such as a slight increase in consumer interest in DIY projects and the availability of online options for purchasing paint, wallpaper, and supplies. Despite this, the market remains steady due to the convenience and affordability of these products for DIY enthusiasts."

Customer preferences: One notable trend in the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is the growing demand for eco-friendly and sustainable products. With increasing awareness about climate change and environmental impact, consumers are gravitating towards paints and wallpapers made from natural and non-toxic materials. This trend is further fueled by the rise of the younger generation who value sustainability and are willing to pay a premium for environmentally friendly options. As a result, DIY & hardware stores are now offering a wider range of eco-friendly products to cater to this growing consumer preference.

Trends in the market: In Lithuania, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is seeing a shift towards eco-friendly and sustainable products. This trend is driven by increasing awareness of environmental issues and consumer demand for greener options. Additionally, there is a rise in demand for smart home technologies, such as app-controlled lighting and paint, which offer convenience and energy efficiency. These trends are expected to continue and could lead to an increase in partnerships and collaborations between hardware stores and green suppliers.

Local special circumstances: In Lithuania, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is heavily influenced by the country's strong DIY culture. With a high percentage of homeowners and a preference for self-reliance, the market sees a strong demand for high-quality and affordable products. Additionally, the country's strict environmental regulations drive the market towards eco-friendly and sustainable offerings. These factors create a unique market that values both convenience and sustainability, shaping the dynamics of the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Lithuania is heavily influenced by macroeconomic factors such as economic stability, consumer spending patterns, and government policies. The country's strong economic performance, favorable business environment, and increasing disposable income have resulted in a growing demand for home improvement products. Moreover, government initiatives to boost the housing market and promote sustainable development have further fueled the demand for paint, wallpaper, and supplies. Additionally, the growing trend of DIY projects and the rise of e-commerce in the country are expected to drive market growth in the coming years. This is supported by the overall positive outlook of the global DIY & Hardware Store Market and the increasing popularity of DIY culture worldwide.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The global paint and coatings industry is a major subset of the international chemical industry. Coatings refer broadly to any type of covering that is applied to an object's surface for functional or decorative reasons, or both. Paints are a subset of coatings that are also used as a protective coating or as a decorative, colorful coating. In 2023, the global paint and coatings industry was estimated to be valued at some 179.98 billion U.S. dollars. It is forecast that by 2032 the sector’s market value will surpass 255.59 billion U.S. dollars. Market growth is mainly driven by increasing demand in the construction industry, with the automotive, general industrial, coil, wood, aerospace, railing, and packaging coatings markets also driving demand growth.