Wall decor market size to grow by USD 11.98 billion from 2021 to 2026: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 16, 2023 /PRNewswire/ -- The global wall decor market size in the US is estimated to increase by USD 11.98 billion. The market's growth momentum will progress at a CAGR of 10.43%.

Discover some insights on market size before buying the full report -Request a sample report

Global wall decor market in the US- Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global wall decor market in the US – Vendor analysis
Vendor landscape - The global wall decor market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer wall decor in the market are Amazon.com Inc., Art.com Inc., Bed Bath & Beyond Inc., Ethan Allen Interiors Inc., Franchise Concepts Inc., Haverty Furniture Companies Inc., Lowe's Companies Inc., Target Corp., The Home Depot Inc., and Walmart Inc. and others.
The global wall decor market is at its growing stage. This implies that the market in focus is characterized by the improved standard of living increasing introduction of premium products, a growing residential construction market, and a growing gifting culture.

Vendor offerings -

• Amazon.com Inc: The company offers wall decor products such as DeaTee 3 Packs Gold Wall Decor, Bathroom Wall Decor and TenXVI Designs Large Rustic Scrabble Wall Decor. 
• Bed Bath and Beyond Inc: The company offers wall decor products such as Functional Wall Decor, Typography and Signs Wall Decor, and Metal Wall Decor. 
• Ethan Allen Interiors Inc: The company offers wall decor products such as wallpaper and wall murals. 
• Franchise Concepts Inc: The company offers wall decor brands such as The Great Frame Up and Deck The Walls. 
• Haverty Furniture Companies Inc: The company offers wall decor products such as Bridled Canvas, Marmaros Canvas and The Thicket Canvas. 
• For Details on vendor and its offerings – Buy the report!

Global wall decor market in the US - Segmentation assessment

Segment overview
Technavio has segmented the market based on the product (wall art, picture frames, wall clock, and other decorative accents) and distribution channel (offline and online). 

• The market share growth of the wall art segment will be higher than the other segments during the forecast period. Due to the complex production process and high cost of the products, this market has the highest demand and fastest growth rate. The wall art product segment is expected to grow in value throughout the projected period due to the expanding US economy. 

Download a Sample Report

Global wall decor market in the US– Market dynamics

Leading drivers - One of the key factors driving growth in the wall décor market in the US is the improved standard of living and the increasing introduction of premium products. The popularity of the internet and social media, together with modern and designer home decor products like wall décor, are driving up demand for home renovations. Furthermore, leading wall décor shops are diversifying their product lines by adding premium product items to meet the growing and diverse demand.

Key trends - The key trend driving growth in the wall décor market in the US is the increasing trend for interior designing. The rising GDP of the US economy has resulted in higher spending on home improvement and decor products. The interior design firms have taken advantage of this opportunity and are working to establish trends that will encourage homeowners to invest in interior design. The preference for interior design and designer wall décor is further driven by increased media penetration, and awareness of the artistic talent found throughout the world. The rising number of working women and their increased involvement in household decision-making are also contributing to the market growth during the forecast period.

Major challenges - The rising competition increasing price war, and reducing profit margins will be major challenges for the wall décor market in the US during the forecast period. Manufacturers of wall decor in the US compete on factors such as product portfolio, premiumization, differentiation, and pricing in organized and disorganized formats. With the entry of new competitors and private-label companies in the market, the competition will become even more fierce. As a result, there will be a price war, further lowering the product's quality and hampering the market growth during the forecast period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this wall decor market in the US report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the wall decor market in the US between 2022 and 2026
• Precise estimation of the size of the wall decor market in the US and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of the wall decor market vendors in the US

Gain instant access to 17,000+ market research reports. 

Technavio's SUBSCRIPTION platform

Related Reports:

Wallcovering Market by Type, End-user, and Geography - Forecast and Analysis 2023-2027: The wallcovering market is estimated to grow at a CAGR of 4.7% between 2022 and 2027. The size of the market is forecast to increase by USD 5,493.96 million. The growth of the global construction industry is notably driving the market growth, although factors such as rising competition in the market may impede the market growth.

Area Rugs Market by Product, Application, Distribution Channel, and Geography - Forecast and Analysis 2023-2027: The area rugs market is estimated to grow at a CAGR of 4.48% between 2022 and 2027. The size of the market is forecast to increase by USD 4,532.96 million. The consumer shift toward interior design is notably driving the market growth, although factors such as the high cost of raw materials may impede the market growth.

Browse for Technavio "Consumer Discretionary" Research Reports

Table of Contents

1. Executive Summary 

  1.1  Market Overview 

  Exhibit 01:  Executive Summary – Chart on Market Overview

  Exhibit 02:  Executive Summary – Data Table on Market Overview

  Exhibit 03:  Executive Summary – Chart on Country Market Characteristics

  Exhibit 04:  Executive Summary – Chart on Market Segmentation by Product

  Exhibit 05:  Executive Summary – Chart on Market Segmentation by Distribution Channel

  Exhibit 06:  Executive Summary – Chart on Vendor Market Positioning

2. Market Landscape 

    2.1 Market ecosystem 

  Exhibit 07:  Parent market

  Exhibit 08:  Market Characteristics

3. Market Sizing 

  3.1 Market definition

  Exhibit 09:  Offerings of vendors included in the market definition

  3.2 Market segment analysis 

  Exhibit 10:  Market segments

  3.3 Market size 2021 

  3.4 Market outlook: Forecast for 2021 - 2026 

  Exhibit 11:  Chart on US - Market size and forecast 2021-2026 ($ million)

  Exhibit 12:  Data Table on US - Market size and forecast 2021-2026 ($ million)

4. Five Forces Analysis 

  4.1 Five Forces Summary 

  Exhibit 15:  Five forces analysis - Comparison between2021 and 2026

  4.2 Bargaining power of buyers 

  Exhibit 16:  Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

  4.3 Bargaining power of suppliers 

  Exhibit 17:  Bargaining power of suppliers – Impact of key factors in 2021 and 2026

  4.4 Threat of new entrants 

  Exhibit 18:  Threat of new entrants – Impact of key factors in 2021 and 2026

  4.5 Threat of substitutes 

  Exhibit 19:  Threat of substitutes – Impact of key factors in 2021 and 2026

  4.6 Threat of rivalry 

  Exhibit 20:  Threat of rivalry – Impact of key factors in 2021 and 2026

  4.7 Market condition

  Exhibit 21:  Chart on Market condition - Five forces 2021 and 2026

5. Market Segmentation by Product

    5.1 Market segments

  Exhibit 22:  Product - Market share 2021-2026 (%)

  5.2 Comparison by Product 

  Exhibit 24:  Chart on Comparison by Product

  Exhibit 25:  Data Table on Comparison by Product

  5.3 Wall art - Market size and forecast 2021-2026 

  Exhibit 26:  Chart on Wall art - Market size and forecast 2021-2026 ($ million)

  Exhibit 27:  Data Table on Wall art - Market size and forecast 2021-2026 ($ million)

  Exhibit 28:  Chart on Wall art - Year-over-year growth 2021-2026 (%)

  Exhibit 29:  Data Table on Wall art - Year-over-year growth 2021-2026 (%)

  5.4 Picture frames - Market size and forecast 2021-2026 

  Exhibit 30:  Chart on Picture frames - Market size and forecast 2021-2026 ($ million)

  Exhibit 31:  Data Table on Picture frames - Market size and forecast 2021-2026 ($ million)

  Exhibit 32:  Chart on Picture frames - Year-over-year growth 2021-2026 (%)

  Exhibit 33:  Data Table on Picture frames - Year-over-year growth 2021-2026 (%)

  5.5 Wall clock - Market size and forecast 2021-2026 

  Exhibit 34:  Chart on Wall clock - Market size and forecast 2021-2026 ($ million)

  Exhibit 35:  Data Table on Wall clock - Market size and forecast 2021-2026 ($ million)

  Exhibit 36:  Chart on Wall clock - Year-over-year growth 2021-2026 (%)

  Exhibit 37:  Data Table on Wall clock - Year-over-year growth 2021-2026 (%)

  5.6 Other decorative accents - Market size and forecast 2021-2026 

  Exhibit 38:  Chart on Other decorative accents - Market size and forecast 2021-2026 ($ million)

  Exhibit 39:  Data Table on Other decorative accents - Market size and forecast 2021-2026 ($ million)

  Exhibit 40:  Chart on Other decorative accents - Year-over-year growth 2021-2026 (%)

  Exhibit 41:  Data Table on Other decorative accents - Year-over-year growth 2021-2026 (%)

  5.7  Market opportunity by Product 

  Exhibit 42:  Market opportunity by Product ($ million)

6 Market Segmentation by Distribution Channel 

     6.1 Market segments

  Exhibit 43:  Chart on Distribution Channel - Market share 2021-2026 (%)

  Exhibit 44:  Data Table on Distribution Channel - Market share 2021-2026 (%)

  6.2 Comparison by Distribution Channel 

  Exhibit 45:  Chart on Comparison by Distribution Channel

  Exhibit 46:  Data Table on Comparison by Distribution Channel

  6.3 Offline - Market size and forecast 2021-2026 

  Exhibit 47:  Chart on Offline - Market size and forecast 2021-2026 ($ million)

  Exhibit 48:  Data Table on Offline - Market size and forecast 2021-2026 ($ million)

  Exhibit 49:  Chart on Offline - Year-over-year growth 2021-2026 (%)

  Exhibit 50:  Data Table on Offline - Year-over-year growth 2021-2026 (%)

  6.4 Online - Market size and forecast 2021-2026 

  Exhibit 51:  Chart on Online - Market size and forecast 2021-2026 ($ million)

  Exhibit 52:  Data Table on Online - Market size and forecast 2021-2026 ($ million)

  Exhibit 53:  Chart on Online - Year-over-year growth 2021-2026 (%)

  Exhibit 54:  Data Table on Online - Year-over-year growth 2021-2026 (%)

  6.5 Market opportunity by Distribution Channel 

  Exhibit 55:  Market opportunity by Distribution Channel ($ million)

7. Customer landscape 

  Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

  7.1 Customer landscape overview 

  Exhibit 56:  Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8. Drivers, Challenges, and Trends 

  8.1 Market drivers 

  8.1.1 Improved standard of living increasing introduction of premium products

  8.1.2 Growing culture of gifting

  8.1.3 Rising popularity of blogs related to interior designing

  8.2 Market challenges 

  8.2.1 Rising competition increases price war and reduces profit margins

  8.2.2 Highly complex inventory, supply chain, and merchandizing management

  8.2.3 Long product replacement cycle

  8.3 Impact of drivers and challenges 

  Exhibit 57:  Impact of drivers and challenges in 2021 and 2026

  8.4 Market trends 

  8.4.1 Increasing trend for interior designing

  8.4.2 Increased demand for personalized and customized wall décor

  8.4.3 Growing online demand for home decor products

9. Vendor Landscape 

  9.1 Overview

  9.2 Vendor landscape

  Exhibit 58:  Overview on Criticality of inputs and Factors of differentiation

  9.3 Landscape disruption 

  Exhibit 59:  Overview on factors of disruption

  9.4 Industry risks 

  Exhibit 60:  Impact of key risks on business

10. Vendor Analysis 

  10.1 Vendors covered 

  Exhibit 61:  Vendors covered

  10.2 Market positioning of vendors 

  Exhibit 62:  Matrix on vendor position and classification

  10.3 Amazon.com Inc.

  Exhibit 63:  Amazon.com Inc. - Overview

  Exhibit 64:  Amazon.com Inc. - Business segments

  Exhibit 65:  Amazon.com Inc. - Key news

  Exhibit 66:  Amazon.com Inc. - Key offerings

  Exhibit 67:  Amazon.com Inc. - Segment focus

  10.4 Bed Bath and Beyond Inc. 

  Exhibit 68:  Bed Bath and Beyond Inc. - Overview

  Exhibit 69:  Bed Bath and Beyond Inc. - Product / Service

  Exhibit 70:  Bed Bath and Beyond Inc. - Key news

  Exhibit 71:  Bed Bath and Beyond Inc. - Key offerings

  10.5 Ethan Allen Interiors Inc.

  Exhibit 72:  Ethan Allen Interiors Inc. - Overview

  Exhibit 73:  Ethan Allen Interiors Inc. - Business segments

  Exhibit 74:  Ethan Allen Interiors Inc. - Key offerings

  Exhibit 75:  Ethan Allen Interiors Inc. - Segment focus

  10.6 Franchise Concepts Inc. 

  Exhibit 76:  Franchise Concepts Inc. - Overview

  Exhibit 77:  Franchise Concepts Inc. - Product / Service

  Exhibit 78:  Franchise Concepts Inc. - Key offerings

  10.7 Haverty Furniture Companies Inc. 

  Exhibit 79:  Haverty Furniture Companies Inc. - Overview

  Exhibit 80:  Haverty Furniture Companies Inc. - Product / Service

  Exhibit 81:  Haverty Furniture Companies Inc. - Key offerings

  10.8 Lowes Companies Inc. 

  Exhibit 82:  Lowes Companies Inc. - Overview

  Exhibit 83:  Lowes Companies Inc. - Product / Service

  Exhibit 84:  Lowes Companies Inc. - Key offerings

  10.9 Target Corp. 

  Exhibit 85:  Target Corp. - Overview

  Exhibit 86:  Target Corp. - Product / Service

  Exhibit 87:  Target Corp. - Key news

  Exhibit 88:  Target Corp. - Key offerings

  10.10 The Home Depot Inc. 

  Exhibit 89:  The Home Depot Inc. - Overview

  Exhibit 90:  The Home Depot Inc. - Product / Service

  Exhibit 91:  The Home Depot Inc. - Key offerings

  10.11 Walmart Inc. 

  Exhibit 92:  Walmart Inc. - Overview

  Exhibit 93:  Walmart Inc. - Business segments

  Exhibit 94:  Walmart Inc. - Key news

  Exhibit 95:  Walmart Inc. - Key offerings

  Exhibit 96:  Walmart Inc. - Segment focus

  10.12 Wayfair Inc. 

  Exhibit 97:  Wayfair Inc. - Overview

  Exhibit 98:  Wayfair Inc. - Business segments

  Exhibit 99:  Wayfair Inc. - Key news

  Exhibit 100:  Wayfair Inc. - Key offerings

  Exhibit 101:  Wayfair Inc. - Segment focus

11. Appendix 

  11.1 Scope of the report 

  11.1.1 Market definition

  11.1.2 Objectives

  11.1.3 Notes and caveats

  11.2 Inclusions and exclusions checklist 

  Exhibit 102:  Inclusions checklist

  Exhibit 103:  Exclusions checklist

  11.3 Currency conversion rates for US$ 

  Exhibit 104: Currency conversion rates for US$

  11.4 Research Methodology 

  Exhibit 105: Research Methodology

  Exhibit 106: Validation techniques employed for market sizing

  Exhibit 107: Information sources

  11.5 List of abbreviations 

  Exhibit 108: 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 consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. 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
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio