The global market for canvas roll market is estimated to be worth USD 845.3 million in 2021 and is anticipated to reach a value of USD 1,263.4 million by 2031. Sales are projected to rise at a CAGR of 4.1% over the forecast period between 2021 and 2031. The revenue generated by the canvas roll market in 2020 was USD 823.1 million. The industry is anticipated to exhibit a Y-o-Y growth of 2.7% in 2021.
Global Canvas Roll Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 (A) | USD 823.1 million |
| Estimated Size, 2021 (E) | USD 845.3 million |
| Projected Size, 2031 (F) | USD 1,263.4 million |
| Value-based CAGR (2021 to 2031) | 4.1% |
The target market is segmented under product type, activities, price range, and sales channel. The market is further sub-categorized under these segments to provide a granular aspect which will benefit the businesses operating in the market to improve on their products, gain a competitive edge over other players, and grasp a major portion of the market, in parallel.
The marketplace is continually expanding for canvas rolls due to an increasing need for versatile and premium surfaces in artistry and home decoration. Canvas rolls provide versatility through which one can trim and frame as per their preferred sizes and this makes them suitable for experts and enthusiasts.
While more and more artists are creating works of art using digital means, the materials remain relevant, with artists appreciating the tactile feel and durability of canvas. The same applies to the increased number of activities related to home decoration, as well as DIY projects, as more consumers wish to create authentic works of art. Moreover, there are a few other categories that are also fueling the market growth, including sustainable and pre-primed canvas.
The competitive landscape of the canvas roll market is characterized by a mix of established players and emerging brands, each vying to capture a share of this growing segment. Key players in the market include Cheap Joe's Art Stuff Inc., Shanghai Beaux-Arts Co.Ltd, Zhengzhou Inry Industry Co.Ltd., and Shanghai Janehong New Material Technology Co.Ltd. among others. Key companies compete on factors such as design innovation, material quality, and brand reputation.
The industry is set to experience upward growth during the forecast period. It is projected to create an incremental opportunity of USD 418.0 million and is predicted to rise approximately 1.5 times the current market value through 2031.
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People now have access to a wide variety of canvases on which to display their artwork due to current technologies. Canvases are ideal for artists or anyone who want to display their work or scanned photographs on their walls. When we go to an exhibition, we may hear an oil painting described as rolled or stretched. Furthermore, millennials want their rooms and residences to be more opulent by exhibiting their images on the walls, so home decorations/renovations are on the rise.
Canvas is a densely woven cloth made from cotton or another fibrous substance. Canvas is the most common raw material used in the production of canvas goods. Canvas fiber processing is comparable to that of lighter textiles, but because of the greater yarn count, spinning and weaving equipment are stronger and heavier, and they spin and weave at slower speeds.
As a result, the manufacturers are providing high quality material due to rising demand in home décor. For instance, Myoyay brand of canvas roll made of high quality polyester material, 24 in x 98.4 ft 1Roll and Uses standard 2" Spindles and 100% matte. The surface of the canvas roll has waterproof properties and dries quickly. The excellent material makes our products have excellent stretch resistance.
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The United States was previously the world's largest paper producer. The arts are highly valued in the United States. There's a lot to look forward to in the home renovation industry. Professional contractors can benefit from low borrowing rates, a booming real estate market, and increased demand for home remodels. Certainly, the pandemic had an impact on most businesses in some way, but for many home improvement businesses, 2020 was their best year ever.
Furthermore, because of the work-from-home culture, people are more interested in designing their homes, so demand for canvas roll is expected to rise over the forecast period.
Owing to enhanced investment on modern interiors by homeowners, as well as increasing urban population, technology advancements, and developing living standard, the market for canvas roll in Europe is expected to grow significantly over the forecast period. In addition, the growing need for new interior designs, rising disposable income, and growing concerns about smart home interior options will all help to drive the canvas roll market in Europe forward.
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The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Canvas Roll Market
