NEW YORK, May 1, 2023 /PRNewswire/ — Recent market research by Technavio estimates the US wall decoration market size to grow by USD 9,796.77 million from 2022 to 2027 at a CAGR of 8.02% It has been. The report also provides his five-year historical (2017-2021) data forecasts on market size, segmentation, and regions.Check out key insights on market size before purchasing the full report – Request a sample report
Technavio has published its latest market research report titled US Wall Decoration Market 2023-2027.
Qualitative and quantitative analysis of vendors was conducted to help clients understand the broader business environment and the strengths and weaknesses of key market players. The data is qualitatively analyzed to categorize vendors into pure-use, category-focused, industry-focused, and diversified. It is quantitatively analyzed and categorizes vendors into dominant, dominant, strong, tentative, and weak. Bargaining power of buyers and suppliers, threats of new entrants, competition, and substitutes are also analyzed and rated between low and high to provide an overall perspective of market favorability.
See Technavio's exclusive analysis of price sensitivity, adoption lifecycle, customer buying basket, adoption rate, and purchasing criteria.
One of the core elements of the customer landscape is price sensitivity, and analyzing it can help companies refine their marketing strategies and gain competitive advantage.
Another important aspect is the price sensitivity factor (purchase is not differentiated, purchase is an important cost to the buyer, quality is not important), which is low.
Additionally, market adoption rates for all regions are covered.
This market report also provides information on the inputs, research and development, capital expenditure, technology, and product importance of the 15 vendors listed below.
Amazon.com Inc.
Bed Bath and Beyond Co., Ltd.
Brewster Home Fashion
Costco Wholesale Co., Ltd.
Ethan Allen Interiors Co., Ltd.
F. Schumacher & Co.
Franchise Concepts Co., Ltd.
Haverty Furniture Companies, Inc.
Kimball International Co., Ltd.
Kirklands Co., Ltd.
kohls company
Lowe's Co., Ltd.
Macy's Co., Ltd.
Penny Opco LLC
Pier 1 Import Online Co., Ltd.
Restoration Hardware Co., Ltd.
Home Depot Co., Ltd.
Transform Holdco LLC
Walmart Co., Ltd.
Wayfair Co., Ltd.
williams sonoma company
story continues
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Charts and data tables about market size, comparative analysis of segments, and year-on-year growth rate for the past five years (2017-2021) of the US Wall Decoration Market
The market is segmented by distribution channel (offline and online) and product (wall art, picture frames, wall clocks, and other decorative accents).
The offline segment is expected to account for a major share of the market growth during the forecast period. Offline stores allow customers to see the product in person before purchasing. Supermarkets and hypermarkets are the most popular distribution channels. The growth of supermarkets and hypermarkets is due to the growth of the organized retail sector in the United States. The retail store offers a variety of products under one roof. Manufacturers of wall decorations also sell their products in specialty stores and other retail formats. These factors will propel the growth of the segment during the forecast period.
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Market trend
Driving Forces – Improving living standards and introduction of premium products are driving the market growth. Due to lifestyle changes and increased disposable income, home renovations are becoming more popular in the United States. Demand for home renovations is also fueled by the growing demand for designer interior products, such as wall decoration items, and the proliferation of the internet and social media. Leading companies are expanding their portfolios by offering specialized products that meet various consumer demands. These factors will propel the market growth during the forecast period.
Trends – The increasing demand for interior design is a key trend in the market. The growth of the U.S. economy over the past five years has led to increased spending on home improvement and decorative products. Designer wall decorations such as wall art, wall clocks, and picture frames are in high demand. That's why interior designers and design companies introduce homeowners to investing in interior design. Rising awareness has further increased the demand for designer wall decorations. The increasing number of working women and their participation in household decision-making is also fueling demand for interior design. Such factors support the market growth during the forecast period.
Challenges – Increasing competition is making it difficult to grow the market. Manufacturers compete on aspects such as product portfolio, premiumization, differentiation, and pricing. Competition will further intensify during the forecast period due to the entry of new players and private brands. This creates price competition and further reduces product quality. Multichannel retailers have a lower cost structure, which also increases their maturity in the market. Therefore, changes in the competitive environment may affect the profit margins of the players, hindering the market growth during the forecast period.
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The US wallpaper market size is expected to increase by $9.21 billion from 2021 to 2026, and the market growth momentum is expected to accelerate at a CAGR of 5.44%. Additionally, the report extensively covers segmentation by end user (residential and commercial) and product type (wall panels, tiles, metal wall coverings).
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What are the key data covered in this report?
CAGR of the market during the forecast period
Detailed information about the factors driving the growth of the US Wall Decoration Market from 2023 to 2027
Accurate estimation of US wall decoration market size and contribution to parent market
Accurate predictions about upcoming trends and changes in consumer behavior
US Wall Decoration Market Growth
Thorough analysis of the competitive landscape of the market and detailed information about vendors
Comprehensive analysis of factors hindering the growth of US Wall Decoration Market vendors
US wall decoration market size
Report scope
detail
base year
2022
historical era
2017-2021
Forecast period
2023-2027
Growth momentum and CAGR
Accelerating at a CAGR of 8.02%
Market Growth 2023-2027
$9,796.77 million
market structure
fragmented
YoY growth rate (%) for 2022-2023
7.8
competitive environment
Key vendors, vendor market position, competitive strategies, and industry risks
Introduction of major companies
Amazon.com Inc., Bed Bath and Beyond Inc., Brewster Home Fashions, Costco Wholesale Corp., Ethan Allen Interiors Inc., F. Schumacher and Co., Franchise Concepts Inc., Haverty Furniture Companies Inc., Kimball International Inc. , Kirklands Inc., Kohls Corp., Lowes Co. Inc., Macys Inc., Penney OpCo LLC, Pier 1 Imports Online Inc., Restoration Hardware Inc., The Home Depot Inc., Transform Holdco LLC, Walmart Inc., Wayfair Inc., and Williams Sonoma Inc.
Market trend
Parent market analysis, market growth drivers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, future consumer trends, and market situation analysis for the forecast period.
Scope of customization
If the report doesn't contain the data you're looking for, you can contact an analyst to customize your segments.
Read Technavio's Consumer Discretionary Market Report
table of contents
1.executive summary
2 Market scenery
3 Determining market size
4 Past market size
5 Five Forces Analysis
6 Market segmentation by distribution channel
7 Market Segmentation by Product
8 Customer situation
9 drivers, challenges and trends
10 Vendor status
11 Vendor analysis
12 Appendix
About us
Technavio is the world's leading technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market position. Offers. With over 500 expert analysts, Technavio's report library consists of over 17,000 reports covering 800 technologies across 50 countries, and growing. The company's customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify existing and potential market opportunities and gain a competitive advantage within the changing market scenario. is evaluating its status.
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US Wall Decoration Market 2023-2027
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