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Global Wall Décor Market 2024 Opportunity Assessment And Forecast To 2033
Global Wall Décor Market
As per the report, 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 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%.
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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.
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 wall décor market covered in this report is segmented -
1) By Product Type: Shelves, Wall Stickers, Hangings, Frame Works, Mirror, Metal Works, Wall Art And Painting, Other Products
2) By Base Material: Wood, Fabric And Textile, Plastic, Glass, Metal
3) By Distribution: Wholesalers And Distributors, Hypermarkets And Supermarkets, Specialty Stores, Online Retailers, Other Distributions
4) By Appilcation: Household, Office And Business, Medical And Dental Facilities, Hotels And Spas, Restaurants, Cafés And Bars, Other Applications
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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
Contents of the report:
1. Executive Summary
2. Wall Décor Market Report Structure
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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