The Asia Pacific Digitally Printed Wallpaper Market would witness market growth of 21.5% CAGR during the forecast period (2021-2027).
In recent years, the increased demand for digital technologies in wallpaper and the growing trend of interior decoration in both the residential and non-residential sectors have generated the demand for visually appealing interiors. Additionally, some of the major industry trends are rising disposable income, expanding urbanization, and increasing government expenditure on infrastructure projects. Moreover, the market is growing because of technological advancements in digital printing technologies, endless designs enabled by technology, and higher quality and finishing.
The increase in construction activities, industrialization, and the expanding urbanized population are all potential drivers of market expansion. The need for digitally printed wallpaper is increasing in both the household and commercial sectors, including malls, showrooms, gyms, hospitals, and other locations. In addition, customized wallpapers are commonly used in most business sectors to create business interiors that represent their brand. Colorful workspaces and office design may boost productivity and efficiency. Moreover, graphics are also utilized in marketing in workplaces and other commercial locations, thereby helping the industry to expand further.
The presence of densely populated nations like India, China, South Korea, Malaysia, and Indonesia, as well as cheap production costs and rising average person disposable income, are some of the trends of the regional market. In addition, favorable policies and programs, such as China's National New-type Urbanization Plan, are likely to generate higher demand for home décor products like wallpaper. To address the increased demand for digitally printed wallpaper, manufacturers from North America and Europe are investing in the Asia-Pacific area. Commercial and residential infrastructure is in high demand in countries like India and China due to their massive populations. APAC is home to a slew of growing economies, including India, China, and other South Asian nations, all of which are undergoing new infrastructure projects.
The China market dominated the Asia Pacific Digitally Printed Wallpaper Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,055.4 million by 2027. The Japan market is estimated to grow at a CAGR of 20.8% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 22.2% during (2021 - 2027).
Based on Printing Technology, the market is segmented into Inkjet and Electrophotography. Based on Substrate, the market is segmented into Vinyl, Paper, Nonwoven, and Others. Based on End User, the market is segmented into Non-residential, Residential, and Automotive & Transportation. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Digitally Printed Wallpaper Market is Projected to reach USD 9.9 Billion by 2027, at a CAGR of 21.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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.
By Printing Technology
By Substrate
By End User
By Country
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