Global Wall Decor Market

Wall Decor Market Size, Share, Growth Analysis, By Product(Shelves, Wallpapers/Stickers, Clock, Hangings), By Distribution Channel(Wholesalers/Distributors, Hypermarkets/Supermarkets, Specialty Stores, Online Retailers), By End-Use(Residential, Commercial), By Region - Industry Forecast 2024-2031


Report ID: SQSG25F2008 | Region: Global | Published Date: January, 2020
Pages: 165 | Tables: 95 | Figures: 76

Wall Decor Market Insights

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).

The use of wall décor is a practical and affordable technique to revitalize the room's interior. The science and practice of improving a building's interior to give occupants a cleaner, more aesthetically pleasing environment is known as wall décor. Wall décor comprises painting murals and decorative frames on walls to change the appearance of homes and workplaces.

The market for wall décor is expanding as a result of the rising demand for uniquely designed and personalized wall decor. Its expansion is being aided by the market's accessibility to high-end goods. The customer's financial capacity and newly built or renovated properties have a direct impact on the market growth for wall décor. Walls are being renovated with frames and paintings to change how homes and workplaces are perceived. The market for wall décor goods is growing as a result of growing demands from both the commercial and residential sectors.

The global economy is continually changing, particularly when it comes to the design of public spaces and the hospitality sector. Clients are quite concerned about the appearance of the furnishings of their homes, even in the domestic sector. Emerging innovations and technologies that meet the needs of the target market have consequently been introduced to the market.

US Wall Decor Market is poised to grow at a sustainable CAGR for the next forcast year.

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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

Report ID: SQSG25F2008

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