Wall Art Market: A Robust Growth Forecast with USD 88.66 Billion in Revenue by 2032, CAGR of 5.10%

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐮𝐭𝐥𝐨𝐨𝐤:

● The global wall art market was valued at USD 56.76 billion in 2023.
● The market is expected to expand at a CAGR of 5.10% from 2024 to 2032.
● The industry is expected to grow to USD 88.66 billion by 2032.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/wall-art-market/request-for-sample

𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Wall art is a type of decoration that can include canvases, framed prints, and other artistic embellishments. The wall art that best suits a home depends on the room's theme, color scheme, and style. Wall art is commonly used as a decorative tool in households and museums. Drawings, paintings, sculptures, and other wall designs enhance a wall's beauty. The capacity of paintings to transmit a passionate and instructive message especially encourages people to utilize such products.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐚𝐧𝐝 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

Consumers are increasingly seeking a diverse range of products that allow them to personalize their living spaces. The COVID-19 pandemic has even strengthened the focus on residence remodeling and rehabilitation, resulting in improved deals on wall art creations. The pandemic-caused lockdown control increased the Do-It-Yourself (DIY) movement in residence advancement tasks, contributing to an increased wall art market demand.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭𝐬: https://www.polarismarketresearch.com/buy/2576/2

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐧𝐭𝐬:
Companies are focusing on supplying artworks in the international markets to expand their businesses. Some of the major players participating in the market are:
• VGL Group
• Art.com
• Uprise Art
• Saatchi Art
• Society6
• Minted
• Artsy
• 1stdibs.com
• Artnet Worldwide
• Artspace.

𝐖𝐚𝐥𝐥 𝐀𝐫𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• Hangings wall art segment accounted for largest market share in 2022, as they can be easily updated with the changing décor styles
• Online channels segment is projected to grow at a significant CAGR, as younger population is more engaged in the smart-phones
• North America region dominated the global market with largest share in 2022, owing to presence of world class artists, interior designers, and home décor specialists

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬

• Residential: Wall art is a critical component of home decor, used to enhance living rooms, bedrooms, kitchens, and other spaces. It adds character and personal touch to homes.
• Commercial: Offices, hotels, restaurants, and retail spaces use wall art to create inviting and aesthetically pleasing environments. It helps in brand building and creating a specific ambiance.
• Public Spaces: Government buildings, hospitals, schools, and other public places often feature wall art to make these environments more engaging and pleasant for visitors and employees.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.polarismarketresearch.com/industry-analysis/wall-art-market

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

The wall art market is mainly segmented based on type, sales channel, application, and region. According to type research in 2022, the largest market share is held by the wallpaper segment due to higher demand for wall coverings in Europe and Asia compared to America. Also, the wall hangings segment is expected to be the quickest developing segment. They have gained considerable popularity as a versatile form of wall art, combining traditional weaving techniques with modern elements.

𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐛𝐲 𝐏𝐨𝐥𝐚𝐫𝐢𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
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Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

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This release was published on openPR.