Surging demand for eco-friendly and recyclable whiteboard material in home, office, restaurant, hotel, school, college, university and hospital primarily in industrializing economies are the key drivers generating the demand for traditional whiteboard in the global market. The Global Traditional Whiteboard market was valued at USD 420.16 million in 2019, and is projected to reach USD 479.64 million by 2027, growing at a steady CAGR of 2.1% over the forecast period (2020 to 2027) according to QuantAlign Research.
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By Surface Material, Porcelain segment accounted for the largest share of the market in 2019 and is expected to augment at a steady rate due to growing demand for environment friendly materials. However, the glass segment is expected to propel at a highest CAGR
By End Use, the school segment accounted for the largest share of the Traditional Whiteboard market, in terms of volume, in 2019. The offices are expected to generate higher demand for traditional whiteboard over the forecast period
By Design, wall mounted segment have emerged as the largest segment of the Global Traditional Whiteboard market in 2019
Regionally, Asia-Pacific is accounted to hold the largest market share of the Global Traditional Whiteboard market in 2019 owing to infrastructural and industrial developments in the region
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On the basis of Surface Material, the Traditional Whiteboard market is segmented into glass, porcelain, melamine, resin, painted steel & aluminum board and others. Demand for “Glass whiteboards” is expected to rise at the highest CAGR during the forecast period (2020 to 2027). Whiteboards that are made from glass tend to be highly durable as they are constructed using tempered glass to ensure safety. Glass made whiteboards are apt for use in offices and classrooms for presentation and teaching purpose.
On the basis of End Use, the Traditional Whiteboard market is segmented into offices, Institutes, corporates, school, home, hospitals and Others. “School” were the largest consumer of the traditional whiteboard in 2019. The trend is expected to remain same over the forecast period owing to increasing focus towards education in developing economies, there has been a rise in several primary and higher education schools across the globe. Moreover, growing awareness among the consumers regarding the health hazards associated with the use of chalk has augmented the market growth.
On the basis of region, the Traditional Whiteboard market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, Central & South America. “Asia-Pacific” represent the largest region for Traditional Whiteboard market in 2019. Asia Pacific region is characterized with increasing income levels, economic development, and rapid industrialization. There has been a steep rise in the number of schools, colleges, and universities in the region due to rising population along with growing level of disposable income. This has in turn boosted the demand for whiteboards thus, driving the growth of Traditional Whiteboard market in the region. The Middle East & Africa due to increasing investments in the education sector and increasing number of company offices in the Middle East is also expected to drive the demand for traditional whiteboards in the region.
Key players operating in the market include: Metroplan Ltd., Neoplex, Bi-silque S.A., Maprak, Beespoked, Steelcase, Rayjon Visual Communications Pty Ltd., Quartet, Lemon VIZPRO, LUXOR, Maxtek, Dapper display, Touchboards, Sawyer glass, ghent manufacturing Inc.are among others.
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