Currently, I have some experience with wood veneer panels in renovation, including visits to some large manufacturers in Shanghai.

In brief, my perspective is that this is simply a product that arises from the industry's needs.

It's a product born out of the middle-class demand in response to the existing wall paint, wallpaper, and wall fabric.

Just like developers now include large flat units in the buildings they develop.

On the cookie-cutter consumer goods (construction industry).

Some middle-class consumers are gradually finding that wallpaper or certain types of wall paint are not enough to elevate the style of their living spaces to the level they desire.

Because the materials used are also used by other grades, even though there may be a gap in material costs, the temporary difference in effectiveness is not significant.

Unsatisfied with their vanity, they seek more upscale (expensive) products to decorate their interiors and meet their needs.

In this scenario, some manufacturers have identified this market and found suitable materials (wood veneer panels).

The initial positioning of the wooden decorative panel is high-end pricing, high prestige, highlighting your exceptional taste or purchasing power.

Now, however, with the industry's growth, there are more and more manufacturers, and prices are gradually entering the low-end market.

Businesspeople are generally not傻瓜.

So, goods on the market are introduced based on demand first (which ensures your investment turns into capital).

Veneer panels offer many conveniences at present, but as the market evolves and their prices become more affordable,

Another product will emerge to capture the middle-class market, Hao Peng Wall Panels.