USD 665.91 billion
Wall Decor Market Size, Share, Growth Analysis, By Product(Shelves, Wallpapers/Stickers, Clock, Hangings), By Distribution Channel(Wholesalers/Distributors, Hypermarkets/Supermarkets, Specialty Stores, Online Retailers), By End-Use(Residential, Commercial), By Region - Industry Forecast 2024-2031
Report ID:
SQSG25F2008 |
Region:
Global |
Published Date: January, 2020
Pages:
165
|Tables:
95
|Figures:
76
Wall Decor Market Insights
Global Wall Decor Market size was valued at USD 665.91 billion in 2022 and is poised to grow from USD 691.98 billion in 2023 to USD 939.63 billion by 2031, growing at a CAGR of 3.9% in the forecast period (2024-2031).
The use of wall décor is a practical and affordable technique to revitalize the room's interior. The science and practice of improving a building's interior to give occupants a cleaner, more aesthetically pleasing environment is known as wall décor. Wall décor comprises painting murals and decorative frames on walls to change the appearance of homes and workplaces.
The market for wall décor is expanding as a result of the rising demand for uniquely designed and personalized wall decor. Its expansion is being aided by the market's accessibility to high-end goods. The customer's financial capacity and newly built or renovated properties have a direct impact on the market growth for wall décor. Walls are being renovated with frames and paintings to change how homes and workplaces are perceived. The market for wall décor goods is growing as a result of growing demands from both the commercial and residential sectors.
The global economy is continually changing, particularly when it comes to the design of public spaces and the hospitality sector. Clients are quite concerned about the appearance of the furnishings of their homes, even in the domestic sector. Emerging innovations and technologies that meet the needs of the target market have consequently been introduced to the market.
US Wall Decor Market is poised to grow at a sustainable CAGR for the next forcast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
3.9% CAGR
Global Wall Decor Market ($ Mn)
Country Share for Asia-Pacific Region (%)
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Wall Decor Market Segmental Analysis
The Global Wall Decor Market segmentation is based on product, distribution, end-use, and region. Based on product the Wall Decor market is segmented into shelves, wallpapers/ stickers, clocks, hangings, frameworks, mirror works, and others. Based on distribution channels the Wall Decor market is segmented into wholesalers/ distributors, hypermarkets/ supermarkets, specialty stores, online retailers, and others. Based on end-use the Wall Decor market is segmented into residential and commercial. Based on region the global wall decor market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
Wall Decor Market Analysis by Product
The shelves market sector has a market share of 12% in 2021 and is predicted to increase at a 5.5% annual rate through 2028. One of the objects that are frequently used for home decor is the shelf. The shelves are a popular decor item because they provide the client with two services: they serve as wall décor and are used to store additional decor items like flower vases, frames, and other decor items. Customers also favor shelves because they are long-lasting and come in a variety of materials, including wood, plastic, and metal. They are also extensively utilized in commercial structures like offices, eateries, and retail stores, among others.
Wall Decor Market Analysis by Distribution Channel
By 2021, the distribution channel for hypermarkets and supermarkets had 44% revenue share and was expected to grow to US$ 17.5 billion by 2028. Supermarkets are where most consumers buy goods for their homes. Customers are helped in their decision-making by being able to see the item and its attributes, like size and appearance in the hypermarket or supermarket. When the items are noticed, the likelihood of sales increases. Additionally, in some emerging regions where online retail is still not widely used for product purchases, these hypermarkets and supermarkets serve as the primary source of retail sales. However, in developed economies, hypermarkets and supermarkets work with e-commerce platforms to expedite the delivery of goods.
Global Wall Decor Market By End-Use (%)
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Wall Decor Market Regional Insights
In 2021, the Asia Pacific region accounted for 40% of market revenue. Due to the expansion of the construction sector in emerging nations like India, China, and Indonesia, it will continue to be the ruling region and have significant growth in the next years. The Indian interior décor market will grow as a result of the country's rapidly expanding IT sector, which is accelerating construction. The main driving forces in this area are the rapid alteration of individual behavior and lifestyle, as well as the embrace of modern art and traditions and rising personal finances.
Over the projection period, the North American market is predicted to increase moderately. The main driver of the expansion of the North American wall décor market is the rapidly expanding home decor sector. Over the course of the forecast, the U.S. is predicted to lead the North American wall decor market. Furthermore, the market expansion for wall decor in North America is being fueled by the rising investments in designer wall decor goods.
Over the course of the projection period, markets in Europe, Latin America, and the Middle East & Africa are projected to grow moderately.
Global Wall Decor Market By Geography
- Largest
- Fastest
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Wall Decor Market Dynamics
Wall Decor Market Driver
- Expansion in the housing construction sector, increased interest in interior design, and growing disposable income are projected to fuel the wall decor market. Nearly all newly constructed residential businesses now use wall décor materials to enhance the interior attractiveness of the residence.
- The market for wall decor is expected to expand as wallpaper becomes in popularity. Wallpaper has a lifespan of up to 15 years and is economical. Wallpaper may outlast paint three times longer with correct installation. High-quality wallpaper can help you cover up imperfect walls.
Wall Decor Market Restraint
- The expanding trend of DIY wall décor, which employs leftover materials and other inexpensive items to decorate walls, poses the biggest threat to the wall décor industry. Customers are provided with innovative, affordable products that can be updated frequently without expensive ornamentation.
- The market limitations for the growth of wall décor in the aforementioned forecast timeline are expected to be the predominance of local companies and rising DIY tendencies as people become more aware of recycling current waste materials.
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Wall Decor Market Competitive Landscape
Numerous small-scale players dominate the wall décor market. However, wall décor is sold everywhere from furniture shops to online shops. The businesses that are active in the industry offer a variety of high-end wall décor items with distinctive designs that are drawing more customers to the products. For instance, Amazon introduced a wall-mounted Echo product with a sizable touchscreen display in 2021. The smart home control panel, media player, and video calling features are all available on Echo devices.
Wall Decor Market Top Players Company Profiles
- Bed Bath & Beyond
- Home Depot
- IKEA
- Lowe's
- Target
- Wal-Mart
- Artissimo Designs LLC
- Ashley Furniture Industries Inc.
- Costco Wholesale Corporation
- Ethan Allen Global Inc.
- Franchise Concepts Inc.
- J.C. Penney Company Inc.
- Kohl's Corporation
- Marmont Hill Inc.
- Pier 1 Imports Inc.
- Restoration Hardware Inc.
- Rooms To Go Inc.
- Sears Holdings Corporation
- Wayfair LLC
- Williams-Sonoma Inc.
Wall Decor Market Recent Development
- In April 2022, Raknida.com, an art-tech website created by Insecta, sells inexpensive and motivational wall art. The portal offers customers three types of wall art—art prints, canvas prints, and wallpapers—as well as the opportunity to frame any piece of artwork or canvas print. Users may choose from a variety of digital art styles, including graffiti, murals, photography, illustrations, and more. Because individuals desire to employ smart devices to decorate their homes, the demand for wall-mounted gadgets has also risen.
- In February 2022, Jupiter Meta, a curated NFT marketplace, will introduce the "Icons of Singara Chennai" digital wall art initiative in partnership with the 108 Collective art and design collective.
- In April 2021, Muhammad Nafay's Digital Painting was introduced by The Dusk. Digitally printed wall art is seeing a surge in sales as a result of the rising demand for digital wall décor goods, which also adds to the global market expansion.
Wall Decor Key Market Trends
- Digital art frames are being used more frequently these days in offices, classrooms, and other commercial settings to teach and inspire the public. As a result, there will be more potential for businesses to grow in the market for digital artwork. Furthermore, increased domestic consumer use of personalized digital art displays will present fresh opportunities for market expansion. In addition, changing home décor trends will fuel product demand.
Wall Decor Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the market share for the shelves market sector was 12 % in 2021, and it is expected to grow at a rate of 5.5% a year through 2028. By 2021, supermarkets and hypermarkets' distribution channels would have a % sales share. The Asia Pacific region was responsible for 40% of market revenue in 2021. It is expected that the North American market will grow slightly during the projected period. Markets in Europe, Latin America, and the Middle East & Africa are expected to expand moderately throughout the projection period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 665.91 billion |
| Market size value in 2031 | USD 939.63 billion |
| Growth Rate | 3.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Wall Decor Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Wall Decor Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Wall Decor Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Wall Decor Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Wall Decor Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Wall Decor Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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