Projector Screen
Global Projector Screens Market to Reach $49.5 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Projector Screens estimated at US$43.9 Billion in the year 2020, is projected to reach a revised size of US$49.5 Billion by 2027, growing at a CAGR of 1.7% over the analysis period 2020-2027. Wall & Ceiling, one of the segments analyzed in the report, is projected to record a 1.8% CAGR and reach US$25.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Ceiling Recessed segment is readjusted to a revised 1.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $12 Billion, While China is Forecast to Grow at 2.9% CAGR
The Projector Screens market in the U.S. is estimated at US$12 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$8.9 Billion by the year 2027 trailing a CAGR of 2.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 1.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6 Billion by the year 2027.
Floor Rising Segment to Record 1.3% CAGR
In the global Floor Rising segment, USA, Canada, Japan, China and Europe will drive the 1.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.6 Billion in the year 2020 will reach a projected size of US$5.1 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 1.3% CAGR through the analysis period.
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