What Has Been The Historical And Current Growth Of The Wall Décor Market?
The wall décor market has seen considerable growth due to a variety of factors.
• Recent years have seen a robust growth in the size of the wall décor market. It is predicted to increase from $60.76 billion in 2024 to $64.7 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 6.5%.
Factors such as urbanization and housing development, consumer choices and aesthetics, economic circumstances, and facets of art and culture contributed to this growth during the historic period.
What Is The Forecast For The Wall Décor Market By 2029?
The wall décor market is expected to maintain its strong growth trajectory in upcoming years.
• Significant escalation is anticipated in the wall décor market size in the forthcoming years. It is projected to surge to $86.89 billion by 2029, with a compound annual growth rate (CAGR) of 7.7%.
Numerous factors contributing to this growth during the forecast period include the augmenting demand for e-commerce and online retailing, growing inclination towards sustainability and eco-friendly designs, health and wellness considerations, changes in hospitality and commercial areas, and the shift to remote work. The forecast period is also expected to observe prevalent trends such as sustainable and eco-friendly designs, digital art and prints, mixed mediums and textures, gallery walls and asymmetric layouts, and artisan-made items.
Which Key Drivers Are Propelling The Wall Décor Market's Growth?
The burgeoning trend of achieving aesthetically pleasing appearances in residences and workplaces is anticipated to fuel the expansion of the wall decor market. The term aesthetic pertains to the artistic enhancement of items to imbue them with a pleasant and valuable appeal. Individuals are putting greater emphasis on interior designing to produce a refined aesthetic in homes and offices that adds a practical aspect. Wall decorations instil a tasteful appeal into walls of homes and offices by virtue of their artworks and patterns. For example, in August 2023, The Aesthetic Society published its yearly Aesthetic Plastic Surgery National Databank review for 2022, underlining a substantial 14% surge in overall aesthetic procedures relative to the prior year. This rise is mainly due to a 23% increase in non-invasive treatments, indicating a rising inclination among patients for less intrusive procedures. Hence, the swelling trend toward crafting refined aesthetics in homes and offices is stimulating the growth of the wall decor market.
What Are The Key Segments Within The Global Wall Décor Market?
The wall décor market covered in this report is segmented –
1) By Product Type: Shelves, Wall Stickers, Hangings, Frame Works, Mirror, Metal Works, Wall Art And Painting, Other Products
2) By Base Material: Wood, Fabric And Textile, Plastic, Glass, Metal
3) By Distribution: Wholesalers And Distributors, Hyper markets And Super markets, Specialty Stores, Online Retailers, Other Distributions
4) By Application: Household, Office And Business, Medical And Dental Facilities, Hotels And Spas, Restaurants, Cafés And Bars, Other Applications
Subsegments:
1) By Shelves: Floating Shelves, Corner Shelves, Decorative Shelves
2) By Wall Stickers: Vinyl Decals, Peel-And-Stick Wallpaper
3) By Hangings: Tapestries, Wall Hangings
4) By Frame Works: Picture Frames, Collage Frames
5) By Mirrors: Decorative Mirrors, Functional Mirrors
6) By Metal Works: Metal Wall Art, Sculptural Pieces
7) By Wall Art And Painting: Canvas Art, Prints And Posters
8) By Other Products: Wall Clocks, Bulletin Boards, Wall Hooks
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How Are New Trends Impacting The Size Of The Wall Décor Market?
Major corporations in the wall décor industry are making use of artificial intelligence (AI) in their products to attain a market advantage. The integration of AI into wall decor provides enhanced insight into interior design. For example, in July 2023, DecoSynth, a technology company from the US, introduced a customizable wall decor platform. This service uses AI to create images from user descriptions and provides a variety of print options such as paper, canvas, acrylic, and metal plates. It also offers easy customization. This makes it a cost-effective option where users only pay for the prints they select.
Who Are the Key Players in the Wall Décor Market?
Major companies operating in the wall décor market include:
• Bed Bath & Beyond Inc.
• The Home Depot Inc.
• Inter IKEA Systems B.V.
• Lowe's Companies Inc
• Target Corporation
• Wal-Mart Stores Inc.
• Art.co Inc.
• Brewster Home Fashion
• Benjamin Moore & Co
• York Wallcoverings Inc.
• F. Schumacher & Co.
• Crossville Inc.
• J. Josephson Inc.
• Wallquest Inc.
• The Sherwin-Williams Company
• Koroseal Wall Protection
• Len-Tex Corporation
• Society6 Inc.
• Saatchi Art Inc.
• Art authority llc.
• Paintru Inc.
• Art Discovery Limited
• Redbubble Limited
• Schoolhouse Electric & Supply Co.
• Urban Outfitters Inc.
• Rifle Paper Co.
• One Kings Lane Inc.
• Big Wall Decor
• Wayfair Inc.
• Z Gallerie LLC
What are the Regional Insights into the Wall Décor Market?
North America was the largest region in the wall decor market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the wall décor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
