Wall Decor Market 2019-2027 with strategic trends growth, demand & future potential of industry


Posted February 24, 2020 by andreadevis

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 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.

Market Insights
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 Decor is divided into wall decoration products and distribution channels. Wall Decor 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 Decor 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 more than 40% of the total market share. It is estimated to dominate the wall decor market through the forecast period. The prevalence of major players and the distribution networks including Amazon.com, Lowe's, Home Depot Product Authority, and Walmart are driving the growth of North America wall to decor market. Furthermore, Asia Pacific is expected to grow with the highest CAGR in the wall decor market. The rapidly growing adoption of home décor products across malls, hospitals and offices are promoting the growth of Asia Pacific wall decor market.

Report originally published at Credence Research: https://www.credenceresearch.com/report/wall-decor-market

The key players in the global wall décor 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.

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)

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Tags Wall Decor Market
Last Updated February 24, 2020