New York, Sept. 11, 2019 (GLOBE NEWSWIRE) — Increasing demand for digitally printed wallpapers by inkjet sub-segment coupled with high investment in R&D of digitally printed wallpaper is fueling the market growth.
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.
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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.
- 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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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented the global digitally printed wallpaper market on the basis of the base material, type of wallpaper, printing technology, end-use verticals, and region:
Base Material Outlook (Revenue, USD Billion; 2016-2026)
Type of Wallpaper Outlook (Revenue, USD Billion; 2016-2026)
- Scenic Beauty
Printing Technology Outlook (Revenue, USD Billion; 2016-2026)
End-Use Verticals Outlook (Revenue, USD Billion; 2016-2026)
- Hotels & Resorts
- Bars & Restaurants
- Commercial Space
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Regional Outlook (Revenue, USD Billion; 2016-2026)
- North America
- Rest of the Europe
- Asia Pacific
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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