Report ID: SQMIG15H2012
Report ID:
SQMIG15H2012 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
61 |
Figures:
75
In the upcoming years, it is anticipated that the Asia Pacific will continue to be the key dominant area. The aging and birth rates of the population have led to an expansion in the manufacturing sector, which has increased employ ment and disposable income. also as a result of the rise in the working population.
Consumer goods, such as photo frames, are in higher demand, which is causing the industry to grow more quickly. The creation of furniture products like wooden photo frames is growing in popularity and is another element supporting the market's expansion in Asia Pacific, where the region's furniture sector is extremely large. With 4.6 billion people, or 59.7% of the global population, Asia Pacific is regarded as having the most people in the world, according to Worldometer 2021.
Due to its rising high level of living, which encourages increased spending on house, school, and other interior design, North America is the second most dominant area in the photo frame industry. Countries like the United States and Canada are heavily involved in décor, hanging things like encouraging statements, certificates, and artwork, which has led to an increase in the demand for photo frames in this area.
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REQUEST FREE CUSTOMIZATIONPhoto Frame Market size was valued at USD 56.26 million in 2019 and is poised to grow from USD 58 million in 2023 to USD 76.35 million by 2031, growing at a CAGR of 3.1% in the forecast period (2024-2031).
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Report ID: SQMIG15H2012