Wall Decor Market to see Rapid Growth by 2028
The global wall decor market is anticipated to grow at a significant CAGR of 5.6% during the forecast period. The rising digitalization of wall décor items is the major factor driving the growth of the global wall décor market. Digital printing technology trends in the décor landscape are increasing the demand for digital printing in the market. Digital wallpaper printing, frameworks, and mirror works are widely used in residential, commercial, and high-end showrooms. Many artists are introducing digital painting to satisfy the demand of the customers which led to the growth of the wall décor market. For instance, in April 2021, the Dusk launched Digital Painting by Muhammad Nafay. Due to the increased demand for digital wall décor items, the digitally printed wall arts are witnessing an increase the sales which also contributes to the market growth across the world.
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Furthermore, the ‘Icons of Singara Chennai’ digital wall art initiative is to be launched in February 2022 by Jupiter Meta, a curated NFT marketplace, in collaboration with 108 Collective, an art and design collective. Moreover, in April 2022, Insecta launched Raknida.com, an art-tech platform that makes affordable & inspiring wall art. The platform makes several digital art styles such as graffiti, murals, photography, and illustrations, among others available to users as three wall art options- art prints, canvas prints, and wallpapers, with the additional option to frame any art or canvas print. Additionally, the demand for wall-mounted devices also increased as people want to decorate their houses with smart devices. Due to the increasing demand for wall-mounted devices, many companies introduced their innovative products in the market to compete which also supports in growth of the wall décor market globally. For instance, in 2021, Amazon launched a wall-mounted Echo device with a large touchscreen display. Echo devices have the smart home control panel, media player, and video calling abilities.
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· Market Coverage
· Market number available for – 2022-2028
· Base year- 2021
· Forecast period- 2022-2028
· Segment Covered- By Source, By Product Type, By Applications
· Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Wall Decor Market Report Segment
By Product Type
- Shelves
- Wall Stickers
- Hangings
- Frame Works
- Mirror
- Wall Art & Painting
- Wall Clock
- Wall Paper & Fabrics
- Others Accessories
By Material
- Wood
- Fabric and textile
- Plastic
- Glass
- Metal
By Distribution Channel
- Online
- Offline
Global Wall Decor Market Report Segment by Region
North America
• US
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global wall decor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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