Home > Consumer Goods & Services > Home Improvement > Fixtures and Fittings > Wall Decor Market

Wall Decor Market - By Product (Shelves, Wallpaper/Stickers, Clock, Hangings, Frameworks, Mirror Works), By Distribution (Wholesalers/Distributors, Hypermarkets/Supermarkets, Specialty Stores, Online Retailers), By End-use (Residential, Commercial) & Forecast, 2023-2032

  • Report ID: GMI5217
  • Published Date: Apr 2023
  • Report Format: PDF

Wall Decor Market Size

Wall Decor Market size was worth more than USD 29 billion in 2022 and is anticipated to record over 4% CAGR from 2023-2032. A surge in demand for ready-to-use homes is expected to augment the demand for wall décor products over the forecast period.
 

Wall Decor Market

The increasing investments and government-backed initiatives focusing on infrastructure developments across economies such as Indonesia, Malaysia, and India will complement the industry growth. A shift in consumer preference toward fully furnished homes is also accelerating the sales of sophisticated décor products. Several developed and developing economies are witnessing a surge in the disposable income of the population, encouraging higher spending on modern and aesthetic home décor. Furthermore, commercial spaces are also investing heavily in superior décor products offering better comfort and aesthetic value.
 

In the recent past, the demand for interior design services has increased substantially, asserting a positive influence on the wall décor industry outlook. The growing focus on interior designing, and renovation of old buildings in countries such as the UK, the U.S., France, and Germany are also increasing the demand for décor products such as wallpapers, and frames.
 

Some of the major challenges to wall decor market development include the stagnant growth of the construction sector in Europe and the availability of décor substitutes. Over the past few years, the construction sector in Europe has dropped due to several demographic changes, economic instability, and the lack of infrastructure-related investments. Moreover, consumer preference is shifting towards substitutes such as table photo frames, movable shows, and others. In addition, wall decors have higher pricing as compared to alternatives, which may impact product penetration to some extent.
 

Wall Decor Market Analysis

Global Wall Decor Market Size, By Product

Wall decor market size from mirror works product segment is projected to exhibit more than 4% CAGR between 2023 and 2032. The massive demand for mirror works can be credited to their functionality and decorative appeal along with versatility, design trends, and the growing consumer spending on home décor items. As per the data released by the Australian National Accounts on Distribution of Household Income, Consumption & Wealth in December 2022, gross disposable income per household surged by 3.7% to USD 139,064 between 2020-21 and 2021-22. The surging disposable income is expected to have a positive impact on the demand for mirror works and other decor products.
 

Global Wall Decor Market Revenue Share, By End user

Wall decor market valuation from residential end-user segment is estimated to reach over USD 25.5 billion by 2032. Consumers are increasing their spending on interior décor and renovation to achieve a certain aesthetic. Hectic lifestyles and busy schedules are driving consumers to purchase ready-made products and fully-furnished homes for convenience and ease. The rising construction of residential buildings, rapid population growth, and urbanization is contributing to substantial demand for wall décor solutions in residential applications. The growth of the real estate sector will thus complement product demand over the forthcoming years.
 

         Asia Pacific Wall Decor Market Size

Asia Pacific wall decor market size is slated to exceed USD 18.5 billion by 2032 led by the escalating population levels in countries such as India and China. For instance, according to the United Nations' World Population Prospects data, India, and China will account for more than one-third of the global population by 2030. India alone is projected to house a population of more than 1.5 billion people by 2030, up from 1.4 billion in 2022. The robust population has spurred construction and renovation activities in the region, driving the demand for high-value interior décor. Moreover, urbanization and a growing inclination toward luxury living will further augment regional industry share.
 

Wall Decor Market Share

Some of the leading companies in the global wall decor industry include:

  • IKEA
  • Lowe’s
  • Wayfair LLC
  • Bed Bath & Beyond Inc
  • Home Depot
  • Williams-Sonoma Inc
  • Ethan Allen Global Inc Otto,
  • Neiman Marcus,
  • Kohl’s, Inc.
     

Recent Developments:

  • January 2023 Pottery Barn Teen, a portfolio brand owned by Williams-Sonoma, Inc., announced a partnership with a leading nonprofit environmental organization, the Surfrider Foundation to create coastal-inspired rugs, décor, and textiles using 100% sustainable eco-minded materials.
     
  • October 2022 – The Home Depot announced a collaboration with Vrbo, an online vacation home marketplace to revamp a vacation rental in the Berkshire mountains. By enlisting reputed influencers to decorate the home using vintage-inspired wall décor and other products, the firms aimed to provide vacationers the chance to experience the retailer’s home décor and furnishing products firsthand.
     

The Global Wall Decor Market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD Thousands from 2018 to 2032 for the following segments:

Click here to Buy Section of this Report


By Product

  • Shelves
  • Wallpapers/Stickers
  • Clocks
  • Hangings
  • Frameworks
  • Mirror works
  • Other

By Distributional Channel

  • Wholesalers/distributors
  • Hypermarkets/supermarkets
  • Specialty stores
  • Online retailers
  • Others

By End Use

  • Residential
  • Commercial

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Russia
    • Poland
  • Asia Pacific
    • China
    • India
    • Japan
    • Indonesia
    • Australia
    • Malaysia
    • South Korea
  • Latin America
    • Brazil
    • Argentina
    • Chile
  • Middle East & Africa
    • South Africa
    • GCC
    • Israel

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Market size for wall decor was worth more than USD 29 billion in 2022 and is anticipated to record over 4% CAGR over 2023-2032.

Wall decor market valuation from the residential end-user segment is estimated to reach over USD 25.9 billion by the end of 2032 due to the growing preference for fully furnished homes.

Asia Pacific wall decor size is slated to exceed USD 18.5 billion by 2032, led by the increasing disposable incomes and growing population in the region.

IKEA, Lowe’s, Wayfair LLC, Bed Bath & Beyond Inc., Home Depot, Williams-Sonoma Inc, Ethan Allen Global, Inc., Otto, and Kohl’s, Inc are some of the key companies in the wall decor industry.

Wall Decor Market Scope

Buy Now


Premium Report Details

  • Base Year: 2022
  • Companies covered: 10
  • Tables & Figures: 172
  • Countries covered: 23
  • Pages: 400
 Download Free Sample