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NEW YORK, May 4, 2021 /PRNewswire/
The digitally printed wallpaper market is poised to grow by USD 4.81 billion and accelerate at a CAGR of over 20% during 2021-2025. The market records incremental growth due to the increasing expenditure on infrastructural activities during the forecast period.
Technavio has announced its latest market research report titled Digitally Printed Wallpaper Market by Technology, Substrate, and Geography - Forecast and Analysis 2021-2025
Technavio s latest market report estimates include the pre-and post-COVID-19 impact on the digitally printed wallpaper market. Download Free Sample Report
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The rising number of DIY consumers is one of the major factors propelling the market growth. However, the concerns regarding the use of wallpapers may impede the market growth.
Global digital printed wallpaper industry through 2027
News Highlights: Global digital printed wallpaper industry through 2027
According to this report, the global digital printed wallpaper market was estimated at US $ 3,253.3 million in 2019 and is expected to reach US $ 17,676.0 million by 2027; it is expected to grow at a CAGR of 24.2% from 2020 to 2027.
In 2019, APAC led the global digital printed wallpaper market with significant market share, followed by Europe and North America. APAC is known for technological innovations taking place in countries such as China, India, Japan, South Korea and Australia. APAC is expected to record the highest growth rate in the market during the forecast period. China contributes a large share of the Asia Pacific market. The increasing demand for cheap interior decoration, the increasing number of new housing units, the increasing population and the increasing investment in the infrastructure sector are creating a demand for digitally pr
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The global digitally printed wallpaper market size is estimated at USD 2.9 billion in 2020 and is projected to reach USD 7.5 billion by 2025, at a CAGR of 21.1% from 2020 to 2025.
The growth of the market is primarily triggered by the increase in demand for digital technology in wallpaper and the growing trend of interior decoration in the residential and non-residential sectors. Factors such as increasing disposable income, rapid urbanization, and increasing government expenditure on infrastructural construction further contribute to the growth of this market. Stiff competition from paint & coating manufacturers might restrain the demand for digitally printed wallpapers.
TMCnet News
Digitally Printed Wallpaper Market to grow by $ 4.02 bn in 2020|Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024| Technavio
[December 11, 2020]
Digitally Printed Wallpaper Market to grow by $ 4.02 bn in 2020|Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024| Technavio
Technavio has been monitoring the digitally printed wallpaper market and it is poised to grow by $ 4.02 bn during 2020-2024, progressing at a CAGR of almost 19% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global Digitally Printed Wallpaper Market 2020-2024 (Graphic: Business Wire)