There is no reporting that tracks the number of whiteboards sold globally, but the global market size for whiteboards or dry-erase boards in 2017 was $199.4 million. A whiteboard is a surface that is glossy, usually white, and used for markings that are not permanent. This market was impacted minimally by the global recession, but growth is optimistic.
We were able to find the market size for 2013 and 2016. For 2014 and 2015, we used the CAGR in 2013 to triangulate the market size. For the market size in 2017, we used the CAGR in 2016 to triangulate the value.
The global market for whiteboards for the past 5 years are as follows:
2014: $182.1 million ($176 million + 3.48%)
2015: $188.2 million ($182.1 million + 3.48%)
2017: $199.4 million ($195 million + 2.94%)
The compound annual growth rate (CAGR) between 2013-2016 is 3.48%. This figure was used to calculate the market size for 2014 and 2015. The CAGR between 2016-2022 is 2.94%. This figure was used to calculate the market size for 2017.
Using the CAGR 2.94%, whiteboard sales are expected to grow to $230.51 million by 2022. The growth is expected to be fueled by rapid urbanization in developing country, increased investment in education and education infrastructure, and increased health awareness in emerging economies.
The school application of traditional whiteboard is expected to remain the dominant application of traditional whiteboard through 2022, however, its use in offices is expected to be the fastest growing segment.
In terms of surface material, porcelain had the biggest market share in 2016 and is expected to remain the dominant surface material type through 2022. The mountable whiteboard is the most popular type in terms of market share in 2016 and is expected to remain the dominant whiteboard type.
COMPANIES TO LOOK OUT FOR
Metroplan, Gmi Companies, Quartet, Luxor, Bi-Silque, Neoplex, Umajirushi, Deli, Canadian Blackboard, Lanbeisite, Xiesk, Keda, Shandong Fangyuan, Foshan Yakudo, Zhengzhou Aucs, and Whitemark.
To wrap up, although we were unable to find the total whiteboards sold globally, the global market size in 2017 was $199.4 million and the market is expected to reach $230.51 million in 2022.