Digitally Printed Wallpaper Market Overview, Growth Factors, Size, Share, Emerging Technologies Growing Geriatric Population to Boost Growth 2027

A new business intelligence report released by The Insight Partners "Digitally Printed Wallpaper Market Forecast to 2027 - COVID-19 Impact and Global Analysis- Substrate Printing Technology and End-User," the market was valued at US$ 3,253.3million in 2019 and is projected to reach US$ 17,676.0 million by 2027; it is expected to grow at a CAGR of 24.2% from 2020 to 2027. In addition, this analysis provides extensive market estimations by putting an emphasis on data covering numerous factors that encompass market dynamics such as market drivers, market barriers, market opportunities, market risks, and industry news and trends.

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The Key Players in The Global Market Are: 

Courier Software Ltd
CourierManager
Datatrac Corporation
Digital Waybill
Key Software Systems
Linbis, Inc.
Metafour UK Ltd.
Sagar Informatics Pvt. Ltd. (SIPL)
Shipox Inc
Zoom

Market Insight:

In 2019, APAC led the global digitally printed wallpaper market with a significant market share, followed by Europe and North America. APAC is well-known for technological innovations that are taking place in countries such as China, India, Japan, South Korea, and Australia. APAC is projected to register the highest growth rate in the market during the forecast period. China contributes a major share in the Asia Pacific market. The increasing demand for inexpensive interior decoration, rising number of new housing units, increasing population, and surging investments in the infrastructure sector generate demand for digitally printed wallpaper in this region. The low manufacturing cost, and favorable policies and plans-such as the National New-type Urbanization Plan in China-propel the market growth in the region. The large population in countries such as India and China raise the demand for commercial and residential infrastructure. APAC comprises a large number of emerging economies such as India, China, and other southeastern countries, which are demanding more infrastructure projects.

Moreover, various countries in the region are focusing on attracting new investments in infrastructure development. For instance, India's government has allowed 100% FDI under automatic route in completed projects for operations and management of townships, malls/shopping complexes, and business constructions. These factors are expected to support the growth of the construction industry in the region in the coming years, which would fuel the growth of the region's digitally printed wallpaper market

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The report segments the global Market as follows:

By Deployment Type (Cloud and On-Premise)
By Enterprise Size (Small and Medium-Size Enterprises and Large Enterprises)

In 2019, Europe stood second in the digitally printed wallpaper market with a decent market share; it is anticipated to register steady CAGR from 2020 to 2027.Germany, France, Russia, the UK, and Italy are among the major countries in Europe. The construction industry is a crucial part of the European Union's (EU) economy as it contributes ~9% of the EU's GDP (as per the European Commission). Countries in Western Europe are technologically advanced and urbanized; on the other hand, Eastern European countries are gradually urbanizing their cities. The growing demand for commercial infrastructures such as offices, malls, hotels and resorts, and airports in the region supports the growth of the construction industry. The demand for printed wallpapers directly depends on the size of the construction industry; therefore, the growing construction industry across the region supports the growth of the digitally printed wallpaper market in Europe.

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According to the latest report from World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, India, and China are a few of the worst affected countries due to COVID-19 outbreak. The outbreak was first reported in Wuhan, China, in December 2019. The crisis is adversely affecting various industries across the world. The global economy is taking the worst hit, and it is likely to continue in 2021 also. The sharp decline in international trade is hindering the growth of the global economy. The production shutdowns, supply chain restrictions, procurement management, labor scarcity, and border lockdowns to combat and contain the outbreak are restraining the construction sector.

Answers that the report acknowledges:

Market size and growth rate during forecast period.
Key factors driving the Market.
Key market trends cracking up the growth of the Market
Challenges to market growth.
Key vendors of Digitally Printed Wallpaper Market
Detailed SWOT analysis.
Opportunities and threats face by the existing vendors in Global Market
Trending factors influencing the market in the geographical regions.
Strategic initiatives focusing the leading vendors.
PEST analysis of the market in the five major region

Contact Us:
If you have any queries pertaining to the report or would like further information, feel free to reach out to us at-
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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This release was published on openPR.