Wall Decor Global Market Report 2024: Market will Grow from $57.43 Billion in 2023 to $79.64 Billion in 2028 - Long-term Forecast to 2033 - ResearchAndMarkets.com

The "Wall Decor Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.

The wall decor 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 decor 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 expansion observed in the historical period can be attributed to factors such as urbanization and housing construction, evolving consumer preferences and aesthetics, economic conditions influencing spending on decor, and the impact of art and culture on interior design choices.

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 countries covered in the wall decor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The anticipated growth in the forecast period can be attributed to the rising demand for e-commerce and online retail, an increasing emphasis on sustainability and eco-friendly designs, considerations for health and wellness in interior decor, the influence of hospitality and commercial spaces, and the ongoing shift towards remote work. Major trends expected in the forecast period include a focus on sustainable and eco-friendly designs, the popularity of digital art and prints, the use of mixed media and texture in decor, the trend towards gallery walls and asymmetrical arrangements, and a preference for artisan and handmade products.

The anticipated growth of the wall decor market is driven by the increasing trend toward cultivating an aesthetic ambiance in both households and offices. Aesthetic enhancements involve artful improvements that instill a pleasing and positive visual appeal to objects. Individuals are placing greater emphasis on interior design to create visually pleasing environments in homes and workplaces, and wall decor plays a crucial role in achieving this by incorporating paintings and designs.

The surge in e-commerce and online shopping is poised to contribute significantly to the growth of the wall decor market. E-commerce, encompassing online buying and selling, and online shopping, has become a pivotal aspect of consumer behavior. The advantages of e-commerce, including heightened accessibility, an extensive product range, convenience, customization options, competitive pricing, and visual representations provided by online retailers, contribute to the expanding market. Notably, the first quarter of 2021 witnessed a substantial 39.0% increase in U.S. e-commerce sales compared to the same period in 2020, according to the United States Department of Commerce. This growth underscores the influence of rising e-commerce and online shopping on the wall decor market.

Leading companies in the wall decor market are leveraging artificial intelligence (AI) to gain a competitive edge. The integration of AI in wall decor involves incorporating AI-powered elements to enhance understanding of interior design. For instance, DecoSynth, a U.S.-based technology company, launched a personalized wall decor platform in July 2023. This service utilizes AI to generate images based on user descriptions, allowing easy customization and offering a diverse array of printing options such as paper, canvas, acrylic, and metal plates. Users pay only for the selected prints, making it a cost-effective solution.

Major companies in the wall decor market are innovating and introducing new products like digital walls. Digital walls are customizable and sophisticated wall coverings available online, providing a broad spectrum of design options to enhance living spaces' aesthetics. UDC Homes, an India-based paints and wallpaper company, introduced Digital Walls in April 2023, showcasing a diverse collection of customizable and elegant wallpaper and wall mural designs. From contemporary to traditional motifs, including styles like tropical, floral, and abstract, Digital Walls enable homeowners to explore creative possibilities and craft unique designs.

A selection of companies mentioned in this report includes, but is not limited to:

• 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

Key Topics Covered:

1. Executive Summary

2. Wall Decor Market Characteristics

3. Wall Decor Market Trends And Strategies

4. Wall Decor Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Wall Decor Market Size and Growth

5.1. Global Wall Decor Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Wall Decor Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Wall Decor Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Wall Decor Market Segmentation

6.1. Global Wall Decor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Shelves
• Wall Stickers
• Hangings
• Frame Works
• Mirror
• Metal Works
• Wall Art And Painting
• Other Products

6.2. Global Wall Decor Market, Segmentation By Base Material, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Wood
• Fabric And Textile
• Plastic
• Glass
• Metal

6.3. Global Wall Decor Market, Segmentation By Distribution, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Wholesalers And Distributors
• Hypermarkets And Supermarkets
• Specialty Stores
• Online Retailers
• Other Distributions

6.4. Global Wall Decor Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

• Household
• Office And Business
• Medical And Dental Facilities
• Hotels And Spas
• Restaurants, Cafes And Bars
• Other Applications

7. Wall Decor Market Regional And Country Analysis

7.1. Global Wall Decor Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Wall Decor Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/82gzyw

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