Press release
Wall Art Market to Reach $88.66 Billion by 2032; 5.10% CAGR Growth
Wall Art Market
Report Scope:
The report mainly concentrates on market share, generated revenue, major industry competitors, upcoming trends, and regional data to provide a thorough analysis of the wall art market.
What Is Wall Art?
Wall art refers to any type of artwork that is meant to be hung on a wall, including paintings, prints, photographs, and even sculptures, essentially serving as a decorative element to enhance the aesthetic of a room by adding color, texture, and personality to a space. Wall art can range from traditional canvas paintings to modern digital art, and the choice of wall art often reflects the personal style of the homeowner and the overall theme of the room. Wall art can be created using various mediums like acrylics, oils, watercolors, ink, photography, digital art, and even mixed media.
Choosing wall art allows individuals to express their tastes and interests through the subject matter, style, and color palette of the artwork. Wall art can be presented in various formats like framed prints, canvas prints, metal prints, wood prints, or even directly painted on the wall as a mural.
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Key Players in Market:
Some of the major players operating in the global market include VGL Group, Art.com, Uprise Art, Saatchi Art, Society6, Minted, Artsy, 1stdibs.com, Artnet Worldwide, and Artspace.
Growth Drivers and Opportunities:
• Digital platforms offer consumers a user-friendly and vast selection of wall art choices, aiding in the growth of the market.
• Global residential construction efforts are greatly contributing to the expansion of the wall art market.
• The global demand for ready-to-install home décor items is driving growth in the market for wall art.
• The swift development of the real estate industry and the increasing demand for residential and personal spaces have greatly aided the overall market growth.
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Regional Analysis:
• In 2022, North America held a significant revenue share, leading the global market. The growing rate of homeownership in the area significantly contributes to driving the wall art market.
• Asia Pacific is expected to become the fastest-growing region, exhibiting a remarkable growth rate throughout the forecast period due to a substantial increase in wall art demand, driven by the expansion of the real estate sector, changing lifestyle trends, and the thriving hospitality industry.
Segmental Overview:
Wall Art Market, Type Outlook (Revenue - USD Billion, 2019-2032)
• Wallpapers/Stickers/Wall Coverings
• Hangings
• Frameworks
• Décor Shelves
• Others
Wall Art Market, Application Outlook (Revenue - USD Billion, 2019-2032)
• Residential
• Commercial
Wall Art Market, Sales Channel Outlook (Revenue - USD Billion, 2019-2032)
• Offline
o Hypermarkets and Supermarkets
o Specialty Stores
o Others
• Online
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