Published Date: 12-May-22
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According to a new report, published by KBV research, The Global Digitally Printed Wallpaper Market size is expected to reach $9.9 billion by 2027, rising at a market growth of 21.4% CAGR during the forecast period.
The Vinyl segment acquired maximum revenue share in the Global Digitally Printed Wallpaper Market by Substrate 2020, thereby, achieving a market value of $4.1 billion by 2027. This increase can be due to reasons such as excellent durability and ease of care, as well as decreased costs, which drive demand for vinyl wallpaper, particularly in emerging economies. In addition, Vinyl wallpaper is easy to clean, thick, stain-resistant, long-lasting, and low-maintenance. Vinyl-based wallpapers are suitable for humid or more accessible locations, such as kitchens, bathrooms, and corridors, because of their scratch resistance and water-repelling qualities.
The Residential segment is showcasing a CAGR of 21.7% during (2021 - 2027). Digital wallpapers are utilized in living rooms, dining rooms, and other areas of the home for decorating. Wallpapers are used in residential structures to enhance the aesthetic appeal of the interiors. In addition, the residential sector is being driven by increasing urbanization and the shifting of people from rural areas to urban areas.
The Asia Pacific market dominated the Global Digitally Printed Wallpaper Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $3.7 billion by 2027. The Europe market is estimated to witness a CAGR of 20.9% during (2021 - 2027). Additionally, The North America market would exhibit a CAGR of 21.2% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of A.S. Création Tapeten AG, 4Walls, Muraspec Group, Tapetenfabrik Gebr. Rasch GmbH & Co. KG, Graham and Brown Ltd., Astek, Inc., Great Wall Custom Coverings, The Printed Wallpaper Company, John Mark ltd., and Marshalls.
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