0

Wallpaper Market Expected to Reach $3.2 Billion by 2031—Allied Market Research

 
2022
Wallpaper Market

Report Code : A02093

quote The global wallpaper market is expected to possess high growth potential in the coming years as organizational requirements, private firms require cost-effectiveness, and very simple decoration with lighter colors. The decorated wall displayed the organizational values and personality through various signs and symbols. In contrast, in hotels and restaurants, the brands consider the cost but require a highly decorative and quality wall that can represent the brand personality; thus, they spend a substantial amount of money on this purpose. Hotels and restaurants view it as an initial investment, and budgets are prepared based on the expected return on investment. 75 percent of tourism brands have stated that the decorative interior has resulted in high customer satisfaction and a 13 percent increase in customer retention. quote

Roshan Deshmukh - Manager
Consumer Goods at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, “Wallpaper Market," The wallpaper market was valued at $2.3 billion in 2021 and the wallpaper market size is estimated to reach $3.2 billion by 2031, growing at a CAGR of 3.6% from 2022 to 2031.

The growing number of restaurants and the changes in perception about the working environment by the private organizations cheer up their employees with a neat and refreshing office interior increasing the wallpaper market trends. The necessity of interior decoration and budget for this purpose varies according to the consumer segment that urges the brands to differentiate offers according to the need of the organization or household.

The trend of decoration and the process of providing service have already evolved significantly, particularly with the integration of augmented reality into operations, particularly through mobile applications. Companies have created an engaging mobile app to keep users engaged with the company throughout the service delivery process. In order to comprehend the opportunities and risks that lie ahead for the brand in the painting and coating business, brands must recognize distinctions in preferences as well as potential market changes. With ongoing product development, businesses may increase the growth of the market and gain a first-mover advanced End-Users. It could also help the business establish itself as a leader in the painting and coatings market (wallpaper industry).

The global wallpaper market analysis into product type, end-user, distribution channel, and region. Depending upon product type, the market is segregated into Vinyl-Based Wallpaper, Non-Woven Wallpaper, Pure Paper Type Wallpaper, and Other Wallpaper. On the basis of End-user, it is fragmented into Residential and Non-Residential. Depending on the distribution channel, it is categorized into supermarket/hypermarket, specialty stores, and e-commerce platforms. Region-wise, the wallpaper market is analyzed across North America (U.S., Canada, and Mexico) Europe (Germany, Russia, UK, Italy, France, and the Rest of Europe) Asia-Pacific (China, Japan, South Korea, India, Australia, Rest of Asia-Pacific), LAMEA (UAE, Saudi Arabia, Brazil, Chile, South Africa and Rest of LAMEA).

Depending on product type, Vinyl-Based Wallpaper dominated the market with $943.3 million in 2021 and is estimated to reach $1300.1 million by 2031, at a CAGR of 3.3% during the forecast period. The vinyl coating makes this wallpaper water-resistant. It can be installed in areas that are normally too moist for traditional wallpaper, such as bathrooms and kitchens. Grease and dirt are usually not a problem for these long-lasting papers, so users can put them almost anywhere in their homes or business. Wallpaper allows you to decorate your home or company with attractive graphics without the need to hire a professional artist. In just a few hours, users may incorporate vibrant colors, unique patterns, and artistic finishes.

According to the End-user, residential wallpapers were the highest contributor to the market, and are estimated to reach $1285.7 million by 2031, at a CAGR of 3.3% during the forecast period. Household requirements differ significantly from those of hotels and restaurants, as well as commercial workplaces. Different themes were preferred by homes depending on the number of individuals in the household and the function of the room. The trend of using wallpapers now growing into the non-residential sector as well and also showing a positive growth rate during the forecast year but as of now, the Residential segment has more market share than the Non-Residential segment.

As per the distribution channel, the specialty store segment was the highest contributor to the market, with $1012.7 million in 2021, and is estimated to reach $1467.3 million by 2031, at a CAGR of 3.8% during the forecast period. The specialty store segment is the leading distribution channel with almost half of the wallpaper market share, e-commerce stores growing with the next leading segment during the forecast period helps in increasing the wallpaper market demand. This is attributed to the increase in business of retail sales in different regions as well as the large verities of products available with limited prices, which let the customer pick their choice.

As per the region, the North American region was the highest contributor to the market, with $878.0 million in 2021, and is estimated to reach $1171.3 million by 2031, at a CAGR of 3.0% during the forecast period. North America dominated the market and is expected to sustain its dominance during the forecast years. The per-person expenditure capacity and lifestyle of the North American region are much healthy than the other region. Wallpaper is part of this region’s lifestyle for a very long time period, which increases the wallpaper market Opportunity.

The key players profiled in the global wallpaper market include AS Creation, Brewers Group, Colefax Group Plc, Graham & Brown Limited, Lilycolor Co Ltd., Osborne & Little Limited, Sangetsu Corporation, Sherwin-Williams Company, The Romo Group, Walker Greenbank Plc

          Key findings of the study

  • The wallpaper market size was valued at $2268.6 million in 2021, and is estimated to reach $3226.7 million by 2031, registering a CAGR of 3.6%, wallpaper market forecast from 2022 to 2031.
  • In 2021, by product type, the Vinyl-Based Wallpaper segment is estimated to witness the significant growth, registering a CAGR of 3.3% during the forecast period.
  • In 2021, depending on end-user, the residential wallpaper segment was valued at 1285.7 million, accounting for 56.7% of the global Wallpaper market share.
  • In 2021, by distribution channel, the wallpaper market growth in specialty segment is estimated to witness significant growth, registering a CAGR of 3.8% during the forecast period.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote Wallpaper Market by Product Type (Vinyl Based Wallpaper, Non Woven Wallpaper, Pure Paper Type Wallpaper, Others), by End Users (Residential, Non Residential), by Distribution Channel (Supermarket and Hypermarket, Specialty Store, E commerce): Global Opportunity Analysis and Industry Forecast, 2021-2031 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Nov 2024

Plush Toy Market

Download Sample

Buy Full Version
"Wallpaper Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers