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Wall Decor Market By Product (Wall Arts, Posters And Stickers, Picture Frames, Wall Mirrors, Shelves, And Other Products), By Distribution Channels (Retail Store, Online Channels, Galleries And Other Distribution Channel) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027

Increasing Adoption of Wall Decor Globally to Ensure Rapid Growth for the Wall Decor Market

Globally, the wall decor market is expected to grow at a CAGR of 3.8% during the forecast period from 2019 to 2027, starting from US$ 51.25 Bn in 2018. The decor industry has undergone several changes over the past few decades. The rapidly changing trends of interiors across showrooms, malls, offices, and industries are showing tremendous opportunities in the market.

The promptly changing lifestyles of individuals across the globe are the key factor that drives the growth of the wall decor market. In addition, the growing consumer spending on home decor products is anticipated to boost the growth of the wall decor market. On the other hand, the high cost of raw materials is expected to hamper the growth of the wall decor market.

Furthermore, the ongoing developments in the real estate industry and rising urbanization are projected to create several growth opportunities in the market in the upcoming years. Moreover, the increasing demand for "ready-to-live" households across the world is likely to fuel the growth of the wall decor market.

Market Synopsis

Growing demand for different and attractive wall décor products is driving the growth of the wall decor market.

Based on the wall decor products, the market for wall decor is bifurcated into wall art, posters and stickers, picture frames, wall mirrors, shelves, and other products. Among these, wall art holds the largest share of the wall decor market. This wall art is segmented and holds more than 30% of the total market share.

The growing use of different technologies, such as digital printing, in wall art is driving the growth of the wall art segment in the wall decor market. Additionally, the increasing inclination of consumers toward enthusiast wall art is augmenting the growth of the wall decor market. Distribution channel the wall decor market is further divided into a retail store, online channels, galleries, and other distribution channels.

North America Dominates the Market by Region

North America holds the largest market share in the wall decor market, accounting for more than 40% of the total market revenue worldwide. The trending home decor industry is the major factor supporting the North American wall decor market's growth. The U.S. is expected to dominate the North American wall decor market over the forecast period. Additionally, the growing investments in designer wall decor products are further fueling the wall decor market's growth in North America.

Furthermore, Asia Pacific is projected to emerge as the fastest-growing market for wall decor due to the highest growth rate of consumer goods, rising disposable income, and rapidly changing consumer lifestyles.

Some of the prominent players operating in the wall decor market include Paragon Décor Inc., Green Front Furniture, Studio McGee L.L.C., Crate and Barrel, Neiman Marcus Group, Inc., Stratton Home Décor, Nitori Co. Ltd., Basset Furniture Industries Inc., Williams-Sonoma, Inc., P.T.M. Images, Artissimo Designs L.L.C., ACTE-DECO S.A.R.L., Northern Oaks Décor Co., and others.

Historical and Forecast Period

This research report presents the analysis of each segment from 2017 to 2027, considering 2018 as the base year for the research. The compound annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The wall decor market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global wall decor market based on segments and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of wall decor in 2018, and what is the forecast up to 2027?
  • Which is the largest regional market for automotive industry applications?
  • What are the major trends followed in the wall decor market across different regions?
  • Who are the key wall decor companies leading the market?
  • What are the key strategies adopted by the leading wall decor companies in the market?

Unique data points of this report

  • Statistics on wall decor penetration and spending worldwide
  • Recent trends across different regions in terms of the adoption of wall decor for various vehicles
  • Notable developments are going on in the magnetic sensor market.
  • Attractive investment propositions for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

 

Frequently Asked Question:

The market for Wall Decor Market is expected to reach USD$ 51.25 Bn in 2027.

The Wall Decor Market is expected to see significant CAGR growth over the coming years, at 3.8% .

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Crate and Barrel, Neiman Marcus Group, Inc., Stratton Home Décor, Nitori Co. Ltd., Basset Furniture Industries Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2019
Category:  Consumer Goods
Report ID:   59834
Report Format:   PDF
Pages:   120
Rating:    4.4 (69)
Delivery Time: 24 Hours to 48 Hours   
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