PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401367
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1401367
Global Digitally Printed Wallpaper Market is valued at approximately USD 2.71 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 18.2% over the forecast period 2023-2030. Digitally Printed Wallpaper is a non-contact printing technique on a variety of media from a digital image. It has revolutionized the wallpaper industry by allowing for high-quality, distortion-free images to be printed on a range of media. This has led to a growing market, with consumers increasingly drawn to the benefits of digital printed wallpaper such as enhanced aesthetics, durability, easy maintenance, and cost-effectiveness. However, a lack of standardization challenge the market growth.
Consumer preferences for wall coverings and DIY home improvement projects have been boosted by the influence of social media platforms, which is a major reason that drives the market. In addition, the rapid growth of the commercial sector, particularly in the hospitality industry, has created a demand for window coverings. According to TOPHOTELPROJECTS, the UK is expected to see a significant increase in hotel construction, with over 400 new hotels and more than 60,000 rooms set to open in the next few years in the near future. The trend towards bold and unique textures in wallpapers presents a growth opportunity for manufacturers in both the residential and commercial markets. However, the availability of substitute products hinder market growth during the forecast period of 2023-2030.
The key regions considered for the Global Digitally Printed Wallpaper Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the increased spending on interior decor and renovations driving growth in the region. According to the National Association of the Remodeling Industry (NARI), more than 76% of homeowners in the U.S. have carried out home improvement projects. Asia Pacific is expected to grow significantly over the forecast period, due to rapid economic development, urbanization, and digitalization. The hospitality industry is also booming in the region, with many popular travel destinations.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
List of tables and figures and dummy in nature, final lists may vary in the final deliverable
List of tables and figures and dummy in nature, final lists may vary in the final deliverable