Global Wall Décor Market Size and Forecast 2023-2032| Bed Bath & Beyond Inc., The Home Depot Inc., Inter IKEA Systems B.V., Lowe’s Companies Inc., Target Corporation

Unfurnished Cozy Bedroom with Wooden Wall and Window. 3d Render

The Wall Décor Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Wall Décor Global Market Report 2024, 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.

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.

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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

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 report table of contents includes

1. Executive Summary

2. Wall Décor Market Characteristics

3. Wall Décor Market Trends And Strategies

4. Wall Décor Market – Macro Economic Scenario

5. Global Wall Décor Market Size and Growth

26. South America Wall Décor Market

27. Brazil Wall Décor Market

28. Middle East Wall Décor Market

29. Africa Wall Décor Market

30. Wall Décor Market Competitive Landscape And Company Profiles

Top Major Players: