"Increasing Adoption of Wall decor Globally to Ensure Rapid Growth for Wall decor Market"

Globally, the Wall Decor market is expected to grow with a CAGR of 3.8% during the forecast period from 2019 to 2027, starting from US$ 51.25 Bn in 2018. The decor industry is undergoing several changes from the past few decades. The rapidly changing trends of the interiors across the showrooms, malls, offices, and industries are showing tremendous opportunities in the market. The promptly changing lifestyles of individuals across the globe is the key factor that drives the growth of wall decor market.  In Addition, the growing consumer spending on the home decors products is anticipated to boost the growth of the wall decor market. On the other hand, the high cost of raw materials is expected to hamper the growth of the wall decor market.  Furthermore, the ongoing developments in the real estate industry and rising urbanization are projected to create several growth opportunities in the market in the upcoming years. Moreover, the increasing demand for ready-to-live households across the world is likely to fuel the growth of the wall decor market.

"Growing demand for different and attractive wall décor products are driving the growth of wall decor market"

Based on the wall decor products the market of wall decor is bifurcated into wall arts, posters and stickers, picture frames, wall mirrors, shelves, and other products. Among these, the wall art holds the maximum shares in the wall decor market. This wall art segmented holds more than 30% of the total market shares.  The growing use of different technologies such as digital printing in the wall art is driving the growth wall art segment in the wall decor market. Additionally, the drawing consumers inclination towards the enthusiast wall arts is augmenting the growth of wall decor market.  By the distribution channel, the wall decor market is further divided into a retail store, online channels, galleries, and other distribution channels.

"North America Dominates the Market by Region"

North America holds the largest market share in the wall decors market accounting for more than 40% of the total market revenue worldwide. The trending home decors industry is the major factor supporting the North America wall decor market growth. The U.S. is expected to dominate the North America wall decor market over the forecast period. Additionally, the growing investments in designer wall decor products are further fueling the wall decor market growth in North America. Furthermore, Asia Pacific is projected to emerge as the fastest-growing market for wall decor due to the highest growth rate of consumers goods, rising disposable incoming and rapidly changing consumers lifestyles.

Some of the prominent players operating in the wall decor market include Paragon Décor Inc., Green Front Furniture, Studio McGee LLC, Crate and Barrel, Neiman Marcus Group, Inc., Stratton Home Décor, Nitori Co Ltd., Basset Furniture Industries Inc., Williams-Sonoma, Inc., PTM Images, Artissimo Designs LLC, ACTE-DECO S.A.R.L., Northern Oaks Décor Co. and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Wall Decor market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Wall Decor market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Wall Decor market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Wall Decor market?
• Which is the largest regional market for Wall Decor market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Wall Decor market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Wall Decor market worldwide?