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 12.62 billion. The US economy's robust growth over the past five years, as evidenced by an increasing Gross Domestic Product, has led to a surge in home improvement spending. This trend has particularly influenced the demand for designer wall decor, including wall art, clocks, and picture frames. Interior designers and companies have identified this opportunity and are introducing contemporary styles and designs to captivate homeowners. Moreover, heightened media exposure and awareness of regional artistry have further fueled the interest in interior design and designer wall decor, making it a thriving market with significant growth potential.
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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 12.62 billion |
Market structure |
fragmentation |
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 Wall Decor Market in the US is thriving with various offerings, including wall panels, fabric and metal art, and wood wall decor. Lighting fixtures, from decorative to accent, play a crucial role in home staging, space optimization, and visual merchandising. Brands focus on developing strong identities through corporate, retail, and product photography, high-quality imagery, and visual storytelling. Social media marketing, influencer partnerships, content marketing, and digital advertising boost online presence, while SEO optimization ensures search engine visibility. Personalized recommendations, data analytics, and customer insights enhance customer engagement and experience. Art licensing, reproduction, and limited edition prints cater to art investors and collectors.
The Wall Decor market, a segment of the larger Home Furnishings industry, encompasses the manufacturing and marketing of wall art, canvas art, wall decals, wall stickers, and wall murals. According to Technavio, the Home Furnishings market size is determined by the consolidated revenue generated by companies involved in the production and sales of consumer electronics, furnishings, decorative products, household appliances, and other homeware items. The global Home Furnishings market growth is influenced by several factors, including the increasing residential and commercial construction sector, which is driving the demand for new furniture and decorative products. Furthermore, the rising focus on infrastructure development and the subsequent increase in the number of renovation projects in key markets, such as the US, China, and India, are significantly contributing to market expansion.. 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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