The global digitally
printed wallpaper market is forecast to reach USD 14.44 Billion by
2026, according to a new report by Reports and Data. The market is rising
rapidly in the global market due to the high demand for digitally printed
wallpapers in the household and hotels & resorts end-use verticals. The
digitally printed wallpapers have been a trendy adoptable decorative element in
luxurious amenities as well as mediocre residential premises all over the
world. The demand from the customers has been propelling the market, and
technological advancement of digital printing systems have been capable of
serving the high requirement. Rising the hospitality industries in the
developing countries has helped this market grow substantially.
The Asia Pacific region is
forecasted to generate the highest revenue of USD 6.47 Billion in the year
2026, owing to its extensive market penetration coupled with the rise in
disposable income in the developing economies such as India and Indonesia.
Further key findings from
the report suggest
- The household segment has the most usage of the
digitally printed wallpapers. People get them for their living space,
drawing rooms, balconies, recreation space, dining rooms, and others.
Household usage has been calculated to top in terms of market shares that
is 30.6% in 2018, growing with a CAGR of 22.1% during the forecast period.
- Hotels & Resorts look for the top-notch
decoration to get on to the customers’ attraction. This type of wallpapers
has been the high-level design intensifier for most of the luxurious
resorts and hotels. The market share is forecasted to be 24.7% by 2026,
growing with the second-highest CAGR of 20.8% in the forecast period.
- Digitally printed wallpapers are often observed in
various transportation source station or even in automotive. Premium class
transportation media incorporates them to enrich the experience of the
journey. While other purpose for using such wallpapers are to advertise
different propagandas. Transportation sector had a market share of 10.6%
in the year 2018 and will grow successively at a CAGR of 19.6% in the
forecast period.
To identify the key trends in
the industry, click on the link below:
- Lifestyle is calculated to grow with a CAGR of 20.2%
during the forecast period and would reach a market share of 15.1% by
2026. Lifestyle wallpapers mainly aim to capture the portraits of people
in different situations and real-life events in an aesthetic manner. This
type of wallpaper tries to tell stories about lives which inspire people
in different times and different ways. Mostly the advertisers use
lifestyle wallpapers to get on to the peoples’ mind.
- Non-woven wallpapers are very renowned for its tear
resistant properties, which makes it very convenient and handy for the
ordinary people to place them on the walls. The market for this segment is
forecasted to reach about 25.0% by 2026.
- North America is accounted to gain 19.1% of market
possession by 2026 with a CAGR of 19.7% in the forecast period.
- Europe is forecasted to witness significant growth in
the overall market, with 23.3% of market possession by 2026 and CAGR of
20.3% during the forecast period.
- Key participants include Graham & Brown, Flavor Paper, MX Display, Peggy-Betty Designs, The Printed Wallpaper Company, Hollywood Monster, McRobb Display Ltd, Great Wall Custom Coverings, 4walls, Color X.
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