The Wall Decor Market in US is being driven by Improved standard of living increasing introduction of premium products
The Wall Decor Market in US is expected to grow at a CAGR of 8.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 12624.4 million. The US economy's robust growth over the past five years, marked by a surging Gross Domestic Product (GDP), has significantly boosted consumer spending on home improvement and decorative products. This trend has been particularly noticeable in the area of designer wall decor, including wall art, clocks, and picture frames. In response, interior designers and design companies have identified this opportunity and are introducing innovative trends to entice homeowners to invest in interior design. Moreover, increased media penetration and awareness of regional artistry further fuel the interest in interior design and designer wall decor. Characterized by contemporary styles and designs, the interior decor industry exhibits substantial potential for modern, trend-driven products.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.8% |
Market growth 2025-2029 |
USD 12624.4 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
8.2 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Wallpaper industry in the US is experiencing a revival, with construction projects, particularly in private sectors, driving demand. Innovations in printing technologies like Inkjet and Sublimation are transforming the industry. Ceramic wall tiles, designer tiles, marble tiles, and wall art are popular wall decor options. Interactive experiences and customer engagement are key trends, with smart home technology and intelligent art pieces incorporating voice commands, specific themes, creative partnerships, and emotional engagement. Nature motifs, calming color palettes, positive affirmations, and storytelling elements reflect transitioning lifestyle preferences, emphasizing art's therapeutic benefits.
The Wallpaper industry, a significant segment of the larger home decor market, experiences steady growth within the global home furnishings industry. This market encompasses manufacturers and marketers of consumer electronics, furnishings, decorative products, household appliances, and other homeware products. Key drivers fueling this expansion include the increasing residential and commercial construction sectors, with a focus on infrastructure development and the construction of new residences and offices in major economies such as the US, China, and India. Additionally, the rising demand for furniture and decorative items is further boosted by the surge in renovation projects across these markets. Advanced printing technologies, including inkjet and sublimation printing, contribute to the industry's innovation, with offerings ranging from traditional wallpaper to ceramic wall tiles and designer tiles.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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