PUBLISHER: Orion Market Research | PRODUCT CODE: 1215820
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215820
Title:Global Wall Décor Market Size, Share &Trends Analysis Report 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), and by Distribution Channel (Online and Offline) Forecast (2022-2028).
The global wall décor market is anticipated to grow at a significant CAGR of 5.6% during the forecast period. People prefer to add wooden shelves to their walls to make the room look natural and add aesthetic appeal. The adoption of such nature-inspired patterns for décor makes the space look authentic. Wall-mounted shelves are mostly derived from wood, and this gives a natural look to the wall and room. Thus, such factors have pushed market companies to develop and launch new wall décor accessories of wood and other materials. For instance, in 2021, Amaze Shoppee launched a wooden wall shelf with a drawer for living room, storage, and home decorative items.
The global wall décor market is segmented based on product type, material, and distribution channel. Based on the product type, the market is sub-segmented into shelves, wall stickers, hangings, frameworks, mirrors, wall art & painting, wall clock, wall paper & fabrics, and other accessories. Based on material, the market is segmented into wood, fabric and textile, plastic, glass, and metal. Based on distribution, the market is segmented into online and offline. Among the product type, the mirror sub-segment is expected to hold a prominent share in the growth of the global wall décor market. People are using big and creative mirrors as wall décor items in their homes. The widely increasing demand for big and designer mirrors drives the growth of the wall décor market across the globe. Many companies are also manufacturing mirrors with different shapes, sizes, and designs that look attractive to cater to the increasing demand for a mirror in decorating houses is propelling the growth of the market. For instance, in February 2021, WallMantra launched a wide range of designer mirrors for decking the walls. WallMantra has infused traditional artistry with modern design for all its product lines.
Geographically, the global wall décor market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The Asia-Pacific region is expected to be the fastest-growing region in the global wall décor market during the forecast period due to the increasing usage of hand-crafted and recycled furniture for interior design. People are decorating their houses with handicraft items that give a traditional yet modern look to the house. The large availability of handicraft décor items in this region increases the growth of the global wall décor market during the forecast period.
The major companies serving the global wall décor market include Ashley Furniture Industries, Inc., Crate and Barrel (CB2), Inter Ikea Systems B.V., Northern Oaks Décor Co., Stratton Home Décor, and Others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in 2019, REHAU launched custom floating shelves in high-gloss, matte, and textured woodgrain finishes as an extension of its modern custom cabinet door line. Patent-pending concealed mounting brackets allow the shelves to bear a considerable weight while contributing to a sleek, minimalistic design aesthetic.
Research Methodology
The market study of the global wall décor market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: