Overview and Scope
Wall decor refers to the decorative items such as paintings, wall art, clocks, decals, and others that are used in home décor to create an ambiance that enhances the touch and feel of the room, making the place more connected and increasing the value of the property. These are used to create the aesthetic look of households and office walls to give an artful appearance.
Sizing and 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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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
North America was the largest region in the wall decor market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wall décor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting 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.
Key Industry Players
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
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
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31. Global Wall Décor Market Competitive Benchmarking
32. Global Wall Décor Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Wall Décor Market
34. Wall Décor Market Future Outlook and Potential Analysis
