Allied Market Research published a report, titled, “Vinyl Wallpaper Market by Product Type (solid vinyl, vinyl coated wallpaper, fabric backed vinyl wallpaper), by Application (Household, Commercial), by Distribution Channel (Supermarket and Hypermarket, Specialty store, E Commerce): Global Opportunity Analysis and Industry Forecast, 2021-2031″. According to the report, the global vinyl wallpaper industry generated $943.3 million in 2021, and is anticipated to generate $1.3 billion by 2031, witnessing a CAGR of 3.3% from 2022 to 2031.
Request For Free PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/16970
Prime determinants of growth
Rise in disposable income, surge in consumer spending on home renovation, rise in urbanization, surge in the number of restaurants, and increase in awareness for interior designing drive the growth of the global vinyl wallpaper market. However, high cost of installation restricts the market growth. Moreover, rise in investment for R&D of wall coverings products to meet the consumer expectation present new opportunities in the coming years.
The household segment to maintain its leadership status throughout the forecast period
Based on application, the household segment held the highest market share in 2021, accounting for nearly than two-thirds of the global vinyl wallpaper market, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to increase in urbanization across the globe. Moreover, rapidly growing real estate is expected to fuel the demand for vinyl wallpaper in the household segment However, the commercial segment is projected to manifest the highest CAGR of 3.6% from 2022 to 2031,due to rise in investments in commercial spaces such as airports, hospitals, hotels, and construction projects.
To Get In-Depth Information Connect To Analyst: https://www.alliedmarketresearch.com/connect-to-analyst/16970
Leading Market Players: –
- A.S creation Tapetan AG
- York wallcoverings
- brewster home fashions
- Sanderson design group
- F Schumacher & co
- Asian Paints Ltd
- osborne & little
- Lentex corporation
- Guilin wellmax wallcovering co. ltd
- Grandeco wallfashion group
Regional Analysis:
Based on region, North America was the highest revenue contributor accounting for $377.3 million in 2021 and is estimated to reach $494.0 million by 2031 with a CAGR of 2.8% in Vinyl Wallpaper Market Forecast period. owing to presence of strong economic nations such as the U.S. and Canada. In the U.S., residential building construction is on the rise, fueling the growth of vinyl wallpaper market. Furthermore, the key elements expected to drive regional market expansion during the forecast period are an increase in disposable income and rise demand for home décor items.
Buy Now: https://www.alliedmarketresearch.com/checkout-final/efe8cdc211ff2d00f3071ae9dcbb6256
Covid-19 Scenario
- During the outbreak of the Covid-19 pandemic, poor logistics and restrictions on public movement in the affected countries across the globe led to supply chain disruptions.
- Later, the lockdown was gradually lifted in various regions, creating a favorable environment for the hospitality sector. This, in turn, broadened the application of vinyl wallpapers in the commercial segment, boosting the growth of the Vinyl Wallpaper Industry.
Check out more related studies published by AMR Research:
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com