The potential growth difference for the wall decor market in Europe between 2019 and 2024 is USD 9.56 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics: Drivers & Challenges
- Market Driver - The wall décor market in Europe is expected to grow significantly during the forecast period, owing to the increasing sales of a wide range of wall décors in the region. The sales of wall décor products are registering an increase in tandem with the growing sales of gifts and home accents. The sales value for gift and home accent retailers increased by 30% in the last decade or the sales value of gifts and home accent products. Product sales during the festive season and holidays have increased in recent years and are contributing to the growth of the market. Holiday retail sales of gifts and home accent products are growing significantly through the online medium in developed markets such as the UK, Germany, France, Italy, Spain, the Netherlands, and Switzerland.
- Market Challenges - The wall décor market in Europe is expected to face a strong threat from the low differentiation of products under each segment of the market. For products like wall décor, pricing is one of the prime strategies adopted by retailers to build a competitive advantage in the market. Even though retailers try to differentiate their offerings from their competitors by providing various collections and products at different price ranges, the opportunity for product differentiation is low in the wall décor space. Therefore, the price war to build sustainability becomes unavoidable for most retailers operating in this space.
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Key Market Dynamics: Segmentation Analysis
The wall decor market report is segmented by Product (Wall art, Picture frames, Wall clocks, WPS, and Others) and Geographic (Germany, UK, France, Italy, and the Rest of Europe).
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned
The market is fragmented with the presence of many global retailers as well as local and regional retailers. Some of the competitive strategies followed by these vendors include the development of new products with the changing lifestyle, consumer preferences, and international trends, exploring different retail channels, and attending trade shows to explore new international and European designs and materials.
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- Amazon.com Inc.
- Carrefour Group
- Costco Wholesale Corp.
- Inter IKEA Holding BV
- Kingfisher Plc
- Otto Group
- Tesco Plc
- Walmart Inc.
- Wayfair Inc.
- Williams-Sonoma Inc.
- To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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Wall Decor Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2019 |
Forecast period |
2020-2024 |
Growth momentum & CAGR |
Accelerate at a CAGR of over 9% |
Market growth 2020-2024 |
USD 9.56 billion |
Market structure |
Fragmented |
YoY growth (%) |
7.12 |
Performing market contribution |
Rest of Europe at 49% |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Amazon.com Inc., Carrefour Group, Costco Wholesale Corp., Inter IKEA Holding BV, Kingfisher Plc, Otto Group, Tesco Plc, Walmart Inc., Wayfair Inc., and Williams-Sonoma Inc. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Wall art - Market size and forecast 2019-2024
- Picture frames - Market size and forecast 2019-2024
- Wall clocks - Market size and forecast 2019-2024
- WPS - Market size and forecast 2019-2024
- Others - Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- Germany - Market size and forecast 2019-2024
- UK - Market size and forecast 2019-2024
- France - Market size and forecast 2019-2024
- Italy - Market size and forecast 2019-2024
- Rest of Europe - Market size and forecast 2019-2024
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Amazon.com Inc.
- Carrefour Group
- Costco Wholesale Corp.
- Inter IKEA Holding BV
- Kingfisher Plc
- Otto Group
- Tesco Plc
- Walmart Inc.
- Wayfair Inc.
- Williams-Sonoma Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
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SOURCE Technavio
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