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Wall Décor Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Bed Bath & Beyond Inc., The Home Depot Inc., Inter IKEA Systems B.V., Lowe's Companies Inc, Target Corporation

Wall Décor  Market Characteristics

Wall Décor Market Characteristics

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2825

The Business Research Company offers in-depth market insights through Wall Décor Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The wall décor market size has grown strongly in recent years. It will grow from $57.43 billion in 2023 to $61.15 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to urbanization and housing construction, consumer preferences and aesthetics, economic conditions, art and culture.

The wall décor market size is expected to see strong growth in the next few years. It will grow to $79.64 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to increasing demand for e-commerce and online retail, growing demand for sustainability and eco-friendly designs , health and wellness considerations, hospitality and commercial spaces, shift to remote work. Major trends in the forecast period include sustainable and eco-friendly designs, digital art and prints, mixed media and texture ,gallery walls and asymmetrical arrangements, artisan and handmade products..

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Market Segmentation:
The main types of products in the wall décor market are shelves, wall stickers, hangings, frame works, mirrors, metal works, wall art, paintings, and other products. Shelves are used as closets, bookcases, and others to hold objects on walls. Shelves are commonly made up of flattened wood that is mounted on walls about hold objects and to give an aesthetic look to the wall. The different base materials include wood, fabric and textiles, plastic, glass, and metal, which are distributed through several channels such as wholesalers and distributors, hypermarkets and supermarkets, specialty stores, online retailers, and others. The various applications include household, office and business, medical and dental facilities, hotels and spas, restaurants, cafés and bars, and others.

Major Driver - Surge In Aesthetic Wall Décor Demand Fuels Market Growth
The increasing inclination toward creating an aesthetic look in households and offices is expected to propel the growth of the wall decor market going forward. Aesthetic refers to enhancing the look of things or objects in an artful way that creates pleasant and positive value for the object. People are more focused on interior design to create an aesthetic look for households and offices that helps in adding functionality to places. Wall decor gives an aesthetic look to the house and office walls with their paintings and designs. For instance, in May 2021, according to the Home Decor Survey carried by Sullivans in the United States, a US-based company operating in home décor, approximately 76% of people plan to buy the same or more amount of home décor as compared to the last year, and also, 24% of the consumers are expected to buy new décor than purchased previously. Therefore, the increasing inclination toward creating the aesthetic look of households and offices is driving the growth of the wall decor market.

Competitive Landscape:
Major companies operating in the wall décor market include Bed Bath & Beyond Inc., The Home Depot Inc., Inter IKEA Systems B.V., Lowe's Companies Inc, Target Corporation, Wal-Mart Stores Inc., Art.co Inc., Brewster Home Fashion, Benjamin Moore & Co, York Wallcoverings Inc., F. Schumacher & Co., Crossville Inc., J. Josephson Inc., Wallquest Inc., The Sherwin-Williams Company, Koroseal Wall Protection, Len-Tex Corporation, Society6 Inc., Saatchi Art Inc., Art authority llc., Paintru Inc., Art Discovery Limited, Redbubble Limited, Schoolhouse Electric & Supply Co., Urban Outfitters Inc., Rifle Paper Co., One Kings Lane Inc., Big Wall Decor, Wayfair Inc., Z Gallerie LLC

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Top Trend - Integration Of Ai In Wall Décor Market
Major companies operating in the wall décor market are incorporating artificial intelligence (AI) into their product to gain a competitive edge in the market. Incorporating artificial intelligence in wall decor involves integrating AI-powered elements to better understand the interior design. For instance, in July 2023, DecoSynth, a US-based technology company launched a platform for personalized wall decor. This service employs AI to generate images based on user descriptions, offers easy customization, and provides a diverse array of printing options, including paper, canvas, acrylic, and metal plates. Users pay only for the prints they choose, making it a cost-effective solution.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Wall Décor Market Characteristics
3. Wall Décor Market Trends And Strategies
4. Wall Décor Market - Macro Economic Scenario
5. Wall Décor Market Size And Growth
…..
27. Wall Décor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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