February 27, 2020
Wall Decor

Wall Decor Market 2027 | Published by Credence Research

The overall wall decor market worldwide was valued at US$ 51.25 Bn in 2018 and is set to grow with a CAGR of 3.8% during the forecast period.

The key driver of the growth of the wall decor market is the high adoption of wall decoration in a number of commercial and residential applications. The home decor industry is changing rapidly throughout the world. The growing consumer preference for the esthetic interior look of households is contributing to the growth of the wall decor market. Growing disposable incomes and rapidly changing lifestyles worldwide are expected to escalate the growth of the wall decor market. However, the price associated with the raw materials used on the wall decor market is expected to restrict the growth of the wall decor market. In addition, the rapidly growing interest of consumers in home and office decor is driving the growth of the wall decor market. The availability of a number of custom wall decor products is expected to increase the growth of the wall decor market. Furthermore, the introduction of digital printing in wall decoration is expected to create a number of opportunities in the wall decor market.

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The global market for wall decoration is divided into wall decoration products and distribution channels. Wall decoration products segment the market into wall arts, posters and stickers, picture frames, wall mirrors, shelves and other products. Wall art has a significant market share in the global market for wall decoration due to the adoption of attractive and cost-effective products. In addition, based on distribution channels, the wall decor market is further divided into retail stores, online channels, galleries and other distribution channels. High sales and availability of different wall decor products from online distribution channels are expected to serve several growth opportunities in the wall decor market.

North America held a maximum market share of approximately 40% of the total market share. The market for wall decor is estimated to dominate over the forecast period. The prevalence of major players and distribution networks, including Amazon.com, Lowe’s, Home Depot Product Authority and Walmart, is driving the growth of North America’s wall to the decor market. Moreover, Asia Pacific is expected to grow with the highest CAGR on the wall decor market. The fast-growing adoption of home decor products across malls, hospitals and offices promotes the growth of the Asia Pacific Wall Decor market.

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Segmentation

Products Segment (2017–2027; US$ Bn)
• Wall Arts
• Posters and Stickers
• Picture Frames
• Wall Mirrors
• Shelves
• Other Products

Distribution Channels Segment (2017–2027; US$ Bn)
• Retail Store
• Online Channels
• Galleries
• Other Distribution Channels

Geography Segment (2017–2027; US$ Bn)
• North America (U.S., Rest of North America)
• Europe (U.K., Germany, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World (Middle East & Africa, Latin America)

Unique data points of this report

  • Statistics on wall decor penetration and spending worldwide
  • Recent trends across different regions in terms of adoption of wall decor for various vehicles
  • Notable developments going on in magnetic sensor market
  • Attractive investment proposition for segments as well as geography
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast) 

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David Brown

David Brown

Experienced Market Research Analyst with a demonstrated history of working in the market research industry. Skilled in Secondary Market Research, Primary Market Research, Client Interfacing. - Identify, collect and organize data for use in research projects - Provide fundamental analysis for research projects - Review data to ensure its quality and integrity - Market estimates and forecast based on homegrown forecasting models - Identifying potential titles for syndicated research projects - Analyzing, estimating and forecasting various industry/market using various analysis tools and forecasting models - Conducting secondary research - Company profiling and analyzing competitive landscape - Report writing And Quality check

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