Wall Art Industry Overview
The global wall art market size was USD 53.05 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.
The growth of the market is primarily driven by rising demand for ready-to-install home décor products, increasing penetration for e-commerce sales, and rising growth of residential construction across the globe. Consumer preferences play a pivotal role in shaping market dynamics, as shifts in tastes and preferences can have a profound impact on product demand. Within of interior design industry, wall art holds a vital position, and fluctuations in interior design trends can significantly influence the demand for various categories of wall art. Understanding and adapting to evolving consumer preferences becomes imperative for businesses operating in the wall art industry, as it enables them to effectively respond to market demands and maintain a competitive edge.
Gather more insights about the market drivers, restrains and growth of the Wall Art Market
Additionally, a shift towards minimalism may lead to a greater demand for simplistic and understated wall art pieces. According to an online survey conducted by Rentcafe in September 2022, 59% of consumers prefer to have a clean and minimal look for their house increasing the adaption of the minimalist trend in the wall art industry. Businesses in the wall art industry should consider incorporating minimalist designs into their product offerings to meet the demand of consumers seeking a minimalist aesthetic. This can involve exploring minimalistic techniques, and materials, and collaborating with artists who specialize in this style. Keeping up with trends and evolving consumer preferences is essential for businesses to remain competitive in the dynamic market.
Consumers these days are looking for a wide range of products that enable them to personalize their spaces. In addition, the pandemic has increased the focus on home remodeling and repairs thereby boosting the sales of wall art products. The rapid growth of the real estate sector, coupled with a rise in residential and personal spaces including apartments, and houses among others, is making constructive addition to the market growth. The increasing Do it Yourself (DIY) trend in home improvement projects, induced mainly by the covid-19 induced lockdown, has also driven the demand for wall art. Furthermore, several companies have been promoting their products over social media platforms like Instagram and Pinterest, gathering increased traction from DIY enthusiasts all over the world.
Browse through Grand View Research's Homecare & Decor Industry Research Reports.
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Wall Art Market Segmentation
Grand View Research has segmented the globalwall art market on the basis of type, sales channel, application, and region:
Wall Art Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Wallpapers/Stickers/Wall Coverings
- Hangings
- Frameworks
- Décor Shelves
- Others
Wall Art Sales Channel Outlook (Revenue, USD Billion, 2017 - 2030)
- Offline
- Hypermarkets and Supermarkets
- Specialty Stores
- Others
- Online
Wall Art Application Outlook (Revenue, USD Billion, 2017 - 2030)
- Residential
- Commercial
Wall Art Regional Outlook (Revenue, USD Billion, 2017 - 2030)
- North America
- S.
- Canada
- Europe
- K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
Key Companies profiled:
- VGL Group
- com Inc.
- Uprise Art LLC
- Saatchi Art Limited
- Society6 LLC
- Minted LLC
- Artsy Inc
- com Inc.
- Artnet Worldwide Corporation
- Artspace LLC
Key Wall Art Company Insights
- In April 2023, Uprise Art is organizing an exhibition called Universe, Understood in New York, Evi O. and David Esquivel are the artists whose collections will be showcased. In this two-person show, the artists aim to delve into personal narratives and symbolism through their artwork by employing vivid abstraction, poetic expression, and a touch of humor.
- In March 2023, Saatchi Art partnered with SuperRare, a curated NFT marketplace, to release a collection of 10 unique digital artworks by artists worldwide. The collection, titled "Moments Past: Web3 & Memory," features 1/1 NFTs, exclusively on the SuperRare platform via Saatchi Art.
Order a free sample PDF of the Wall Art Market Intelligence Study, published by Grand View Research.
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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