Vinyl Product Type Segment to Lead Wallpaper Market
The
key factors driving the global wallpaper market are the growing influence of
the western lifestyle, the shift in consumer preferences, and the increasing
adoption of home renovation activities.
According to
TechSci Research report, “Wallpaper Market– Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028F,” the global wallpaper market
is expected to grow during the forecast period. In general, wallpaper is used
to decorate, cover, and adorn the inside walls of houses, offices, and other
buildings. Wallpaper is one of the elements of interior design. Due to several
characteristics that set it apart from other interior wall covering and decoration
materials, including its wide range of diverse colors, environmental
protection, rich patterns, affordable price, and ease of installation,
wallpaper has grown in popularity among consumers all over the world.
Technology advancements
allowed the producers to create vinyl wallpapers free from the spur. Vinyl wallpapers are environmentally
friendly, produces fewer carbon emissions, and lacks bad odor, making it
perfect for those who are concerned about their health as well as patients who
have breathing problems and are prone to allergies to pleasant smells. Experts
from numerous nations have recommended using vinyl type due to its long
lifespan. It lasts for almost thirty years.
Additionally, wallpaper types
are created, offering eye-catching qualities that act as market growth drivers.
It is advised to use grasscloth wallpaper rather than paint on walls with rough
exteriors since the paint may need to look more appropriate. These wallpapers
increase value by supporting walls and serving as a barrier against damage.
In addition, a few
innovations, including interactive, digital, and magnetic wallpapers, have been
created, which are predicted to increase demand for wallpaper. Parents that are
interested in decorating their children's bedroom use interactive wallpapers.
Children adore having wallpapers that give them the freedom to express their
creativity and do whatever they want. Magnetic wallpapers utilize the magnetism
of magnets and are used in homes, offices, and structures.
People can hang items related
to their artwork on wallpaper and keep them in their line of sight. The dark
powder is added onto glow-at-night wallpapers during manufacture to make them
glow at night. Wallpaper patterns like stars are created using luminous
materials that illuminate on their own at night, creating a tranquil and
peaceful appearance.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global Wallpaper Market"
The global
wallpaper market is segmented based on product type, end-use, distribution
channel, region, and competitive landscape.
Based on product
type, the global wallpaper market is segmented into vinyl, non-woven, paper,
and fabric. Among these, the vinyl segment holds the leading share in the
market because vinyl wallpaper is easily cleanable and repairable. Since vinyl
wallpaper has features like fire resistance, it is frequently used in
high-traffic places like hospitals and schools.
Based on end-use,
the global wallpaper market is segmented into residential and commercial. Among
these, the residential segment holds the leading share in the market during the
forecast period. Some factors responsible for increasing the demand for
wallpaper in the residential sector include the ongoing industrialization trend
and the rise in residential development projects.
The global
wallpaper market is segmented offline and online based on distribution channel.
Among these, the online segment is the fastest-growing segment in the market
during the forecast period. Over the coming years, the segment's growth will be
driven by the increasing use of smartphones and the internet and the rising
popularity of e-commerce platforms because of their high levels of convenience
and reduced waiting times.
North America
holds the leading share in the market and is expected to remain dominant during
the forecast period because of the rise in disposable income and the demand for
home improvement products. Additionally, the government is launching programs
to assist energy-efficient construction and enhance market expansion prospects.
Several construction projects are impacting the country's wallpaper market..
Key Market Players
Operating in the Global Wallpaper Market Include:
- Sangetsu
Corporation
- York Wall Coverings
Inc.
- Brewster Home
Fashions
- F. Schumacher &
Co.
- Adornis Wallpapers
- A.S. Création
Tapeten AG
- Asian Paints Ltd.
- 4walls
- Osborne &
Little
- Grandeco
Wallfashion Group Belgium N.V.
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“Manufacturers invest more
money in marketing, sponsorships, and collaborations to increase their client
base. The direct-to-customer channel is very profitable for firms with loyal
customers who have already invested in promotional activities to develop a
strong brand image and a devoted client base. Businesses also put a lot of
effort into this sales tactic to boost consumer brand loyalty. Many companies
with a solid regional presence, broad distribution networks, and a broad brand
image have made the wallpaper market competitive. Mergers and acquisitions are
anticipated to increase shortly, and support industry growth as significant
businesses worldwide concentrate on growing their geographic presence.” said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based
global management consulting firm.
“Wallpaper
Market– Global Industry Size, Share, Trends,Opportunity, and Forecast,
2018-2028, Segmented By Product Type (Vinyl, Non-woven, Paper, Fabric), By End
Use (Residential, Commercial), By Distribution Channel (Offline Vs. Online), By
Region,” , has evaluated the future growth potential of wallpaper
market globally and provides statistics and information on
market structure, size, share, and future growth. The report provides
cutting-edge market intelligence and helps decision-makers to make sound
investment decisions. Besides, the report also identifies the emerging trends
along with essential drivers, challenges, and opportunities present in the global
wallpaper market.
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