FARMINGTON, Jan. 23, 2023 (Globe Newswire) — The wall decoration market size is estimated to be USD 58.2 billion in 2022, at a CAGR of 3.5% over the forecast period 2023-2030. Wall decoration is easy and inexpensive. How to change the look of a room. People want more personalized and unique wall decorations, and the market is growing. The fact that there are quality products in the market is contributing to the growth of the market. The paying ability of customers and the number of newly built or renovated houses directly influence the growth of the wall decoration market. You can paste murals and frames on your walls to give your home or office a different look. Wall decorations are becoming more popular in both businesses and homes, and the market is growing.
Sample copy of the report “Wall Decoration Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Impact of Covid-19, SWOT Analysis, Competition and Forecast 2022-2030” published by Contrive Datum Insights Request.
Recent developments:
Paragon Deco said new products will be introduced in 2021. The company also strives to continue creating products that are on-trend and continues to release seasonal lines with new designs. In 2018, Kohl's Illinois announced a strategic partnership with Scott Brothers and the launch of Scott Living, an exclusive home lifestyle collection. This adds Kohl's home products and strengthens the company's portfolio of strong brands.
Segment overview
Product type
With a CAGR of more than 2.4%, wall stickers is expected to account for a large share of the market in terms of product type. This is probably because wall stickers are cheaper than others. Also, applying wall stickers will not damage or significantly change your walls.
Base material
According to the analysis, fabric and textile substrates are expected to account for more than 25% of the market. These products are popular with customers because they look good, have depth, and have a wide variety. These materials also tend to replace the time and expense spent painting walls, and are easier to clean and keep in good condition. It also makes fabric and textile wall decor even more popular because each customer gets something unique.
End use
In terms of end use, commercial areas have the greatest impact on the industry. This is because more and more people want to beautify places such as restaurants and offices. Also, the construction industry is growing and changing, giving the market many opportunities.
sales channel
With a CAGR of 4.2% over the next few years, online retailing is expected to see high growth in sales. The widespread adoption of 4G and 5G services across the world and the rapid growth of new ideas are likely to increase the sales of home decor products in the market.
Regional outlook:
North America has the largest market share for wall decoration. He accounts for more than 40% of the total market revenue around the world. Most of the reasons why the North American wall decoration market is growing is because of the growth of the interior decoration industry. In the coming years, the United States could become North America's largest wall decoration market. The North American wall decoration market is also growing as people are spending more and more money on designer wall decorations.
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Report scope:
Report Attribute Details Growth rate from 2023 to 2030 is 3.5%. Projected revenue by 2022 is $58.2 billion. By product type: Shelf, wall sticker, hanging, picture frame work, mirror work, metal work, etc. By end use: Residential, commercial; Other By base material: wood, fabric, textile, plastic, Glass, Metal, Other Components Hardware, Software, Other By Sales Channel Wholesalers/Agents, Hypermarkets/Supermarkets, Specialty Stores, Multi-Brand Stores, Online Retailers, Others By Company Paragon Décor Inc., PTM Images, Artissimo Designs, Green Front Furniture, Surya Inc., Neiman Marcus, Kohl's Illinois Inc., Crate and Barrel, Scandiamoss Inc., Studio McGee LLC, Stratton Home Décor, Northern Oaks Décor Co, Bubola & Naibo srl, Ashley Furniture Industries, Inter Ikea Systems BVR North America regions and countries covered: (United States, Canada, Mexico, Rest of North America) Europe (Germany, France, Italy, Spain, UK, Nordic countries, Benelux Union, Rest of Europe) Asia Pacific (Japan, China, India , Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East & Africa) Latin America (Brazil, Argentina, Rest of Latin America) Rest of World Locations Past 2022 Forecast years 2017-2022 2023-2030
driver:
People all over the world love Wall Decor more than any other drink. The wall decoration market is a large market in North America. Almost 71% of people in the US use Wall Decor every day. In Europe, the wall decoration market is growing as people buy more special wall decorations and ways they only need to be used once. According to the International Wall Decoration Organization (ICO), in February 2020, 11.11 million bags of wall decoration were exported worldwide, up from 10.83 million bags in February 2019. This is an increase of 2.6% in one year. The world's largest market for wall decorations is Europe, according to the latest data from the International Wall Decoration Organization (ICO). Asia-Pacific and North America are also important locations, as many wall decorations are purchased there.
Restraint:
Wall art is one of the things people buy and sell the most. Both countries that make wall decorations and those that don't, are increasingly using wall decorations. However, it is difficult to cope with the fact that there are not enough wall decoration items to meet the growing demand. As the weather changes, the amount of wall décor that can be produced also changes, which further increases the price fluctuations. A plant disease called “Wall Decor Rust” or “La Loya” is caused by a fungus that attacks leaves and kills branches and Wall Decor cherries, and tends to spread as temperatures rise. Therefore, plant diseases, pests, and defects make it difficult to obtain enough wall deco beans in the market. Prices rise because there is a gap between what people want and what is available.
opportunity:
Organic wall art is becoming more and more popular. Much of this growth is due to changes in technology, competition, and new marketing methods, especially in competitive locations. People around the world are also becoming more health conscious and prefer organic foods. People are increasingly buying organic wall decorations that are made without any human-made chemicals, such as most pesticides, herbicides, and fertilizers. Organic wall décor is becoming increasingly popular because it is healthier and free of toxins from synthetic fertilizers, herbicides, pesticides, artificial flavors and colors, and preservatives. People also believe that organic wall decorations are better for the environment because no chemicals are used in their production, processing, or packaging, so they do not harm the environment.
Key segments covered:
Top market players:
Paragon Décor Inc., PTM Images, Artissimo Designs, Green Front Furniture, Surya Inc., Neiman Marcus, Kohl's Illinois Inc., Crate and Barrel, Scandiamoss Inc., Studio McGee LLC, Stratton Home Décor, Northern Oaks Décor Co, Bubola & Naibo srl, Ashley Furniture Industries, Inter Ikea Systems BV, etc.
By product type
ShelvesWall StickersHanging FrameworkMirrorworkMetalworkMiscellaneous
By base material
Wood Fabric/Fiber Plastic Glass Metal Others
By end use
Hospitality Salon & Spa Office & Showroom Restaurant Educational Institution Spiritual Institute Others
By sales channel
Wholesaler/Agent Hypermarket/Supermarket Specialty Store Select Shop Online Retailer Others
Regions and countries covered
North America: (United States, Canada, Mexico, rest of North America) Europe: (Germany, France, Italy, Spain, United Kingdom, Nordic countries, Benelux Union, rest of Europe) Asia Pacific: (Japan, China, India, Australia), South Korea , Southeast Asia, and the rest of Asia-Pacific) Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, and the rest of the Middle East and Africa) Latin America: (Brazil, Argentina, and the rest of Latin America) ) Rest of the World
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