Global Wall Decor Market

Global Wall Decor Market Size, Share, Growth Analysis, By Product(Shelves, Wallpapers/Stickers), By Distribution Channel(Wholesalers/Distributors, Hypermarkets/Supermarkets), By End-Use(Residential, Commercial) - Industry Forecast 2024-2031

Report ID: SQSG25F2008 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 95 | Figures: 76

Global Wall Decor Market Dynamics

Wall Decor Market Driver

  • Expansion in the housing construction sector, increased interest in interior design, and growing disposable income are projected to fuel the wall decor market. Nearly all newly constructed residential businesses now use wall décor materials to enhance the interior attractiveness of the residence.
  • The market for wall decor is expected to expand as wallpaper becomes in popularity. Wallpaper has a lifespan of up to 15 years and is economical. Wallpaper may outlast paint three times longer with correct installation. High-quality wallpaper can help you cover up imperfect walls.

Wall Decor Market Restraint

  • The expanding trend of DIY wall décor, which employs leftover materials and other inexpensive items to decorate walls, poses the biggest threat to the wall décor industry. Customers are provided with innovative, affordable products that can be updated frequently without expensive ornamentation.
  • The market limitations for the growth of wall décor in the aforementioned forecast timeline are expected to be the predominance of local companies and rising DIY tendencies as people become more aware of recycling current waste materials.
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Global Wall Decor Market size was valued at USD 665.91 billion in 2019 and is poised to grow from USD 691.98 billion in 2023 to USD 939.63 billion by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).

Numerous small-scale players dominate the wall décor market. However, wall décor is sold everywhere from furniture shops to online shops. The businesses that are active in the industry offer a variety of high-end wall décor items with distinctive designs that are drawing more customers to the products. For instance, Amazon introduced a wall-mounted Echo product with a sizable touchscreen display in 2021. The smart home control panel, media player, and video calling features are all available on Echo devices. 'Bed Bath & Beyond', 'Home Depot', 'IKEA', 'Lowe's', 'Target', 'Wal-Mart', 'Artissimo Designs LLC', 'Ashley Furniture Industries Inc.', 'Costco Wholesale Corporation', 'Ethan Allen Global Inc.', 'Franchise Concepts Inc.', 'J.C. Penney Company Inc.', 'Kohl's Corporation', 'Marmont Hill Inc.', 'Pier 1 Imports Inc.', 'Restoration Hardware Inc.', 'Rooms To Go Inc.', 'Sears Holdings Corporation', 'Wayfair LLC', 'Williams-Sonoma Inc.'

Expansion in the housing construction sector, increased interest in interior design, and growing disposable income are projected to fuel the wall decor market. Nearly all newly constructed residential businesses now use wall décor materials to enhance the interior attractiveness of the residence.

Digital art frames are being used more frequently these days in offices, classrooms, and other commercial settings to teach and inspire the public. As a result, there will be more potential for businesses to grow in the market for digital artwork. Furthermore, increased domestic consumer use of personalized digital art displays will present fresh opportunities for market expansion. In addition, changing home décor trends will fuel product demand.

In 2021, the Asia Pacific region accounted for 40% of market revenue. Due to the expansion of the construction sector in emerging nations like India, China, and Indonesia, it will continue to be the ruling region and have significant growth in the next years. The Indian interior décor market will grow as a result of the country's rapidly expanding IT sector, which is accelerating construction. The main driving forces in this area are the rapid alteration of individual behavior and lifestyle, as well as the embrace of modern art and traditions and rising personal finances.

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Global Wall Decor Market

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