Wall Decoration Market is projected to reach USD 87870 million by 2028 at a CAGR of 3% | Reviews USA – English – USA – PR Newswire | Candle Made Easy

Bangalore, India, May 12, 2022 /PRNewswire/ — The Global Wall Decoration Market is segmented by type (wall paper, wall mirror, wall art, other), by application (medical and dental facilities, medical and dental facilities for home, office and shop, restaurants, cafes and bars) Opportunity Analysis and Industry Forecast, 2022-2028. It is published in Evaluates reports under the home and interior decoration Category.

The global market size for wall decoration is expected to be reached 87870 million USD until 2028, from 71270 million USD in 2021 at a CAGR of 3.0% over 2022-2028.

Major factors driving the growth of Wall Decorations Market are:

The wall decoration market is expected to be driven by growth in the residential construction industry, increasing preference for interior design and increasing disposable income. In order to improve the interior aesthetics of the house, wall decoration products have become popular in almost all newly built home interiors.

In addition, the growing popularity of wallpaper is expected to fuel the growth of the wall decoration market. Wallpaper is durable and inexpensive, lasting up to 15 years. If installed correctly, wallpaper will last three times longer than paint. If your walls aren’t perfect, quality wallpaper can help hide them.

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TRENDS INFLUENCING WALL DECOR MARKET GROWTH:

The wall decorations market is expected to be driven by rising disposable incomes in developing countries and a growing love of interior design. The space is perfectly completed with a well explained wall. It helps tie the story together and completes the space. Wall art is a great finishing touch that can elevate the look of a room from functional to elegant. Wall art can also help add color and vibrancy to a room. Wall decoration not only adds exuberance and sparkle to your interior, but also brings boring walls to life.

The growing popularity of wall mirrors as a part of interior design is expected to propel the wall decor market. A mirror, according to all interior designers and decorators, completes the look of a room. A freestanding mirror or wall mirror is one of the more affordable home, entryway, office or retail accessories. Mirrors come in a variety of shapes, sizes, styles, and designs. A strategically placed mirror can help create the illusion of more space. It reflects the room and gives the impression that it is larger than it is. A small, narrow space can benefit from a wall mirror, or a large mirror can be placed to make the space appear larger.

Employees and customers can see a company’s culture through the wall decoration. It keeps employees focused on your brand’s vision and purpose while promoting a positive work environment for visitors. In this competitive world, office wall decor gives you an edge. Apart from that, an attractive and creative decoration benefits employees in many ways. It reduces stress and fatigue among employees. Employees are motivated and inspired when their office walls are decorated with trendy and positive colors and artwork. Therefore, the increasing adoption of wall decorations in commercial spaces is expected to drive the wall decoration market.

In addition, creating a warm and soothing place of healing, fun designs and bright colors can help ease children’s fear of staying in an unfamiliar building. Art is an important aspect of children’s hospital experience. These include but are not limited to providing visual entertainment, distraction, and engagement. The goal is to help children maintain a positive attitude, reduce stress and improve clinical outcomes. It’s important to make your dental office as relaxed as possible, whether it’s for children, orthodontics, or anything in between. These factors are expected to propel the growth of the wall decor market.

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WALL DECOR MARKET SHARE ANALYSIS:

Depending on the application, household is the most common type, accounting for about 40% of the world total. Rising middle-class disposable incomes coupled with a preference for interior design are expected to drive segment growth.

Depending on the type, wall art is likely to be the most lucrative segment. Wealthy art collectors in particular are interested in acquiring such works for their homes. In addition, demand for this segment is expected to grow even more in the future as consumers’ disposable incomes increase.

in the past few years, Europe has emerged as one of the world’s largest consumers of wall decor and this trend is expected to continue in the years to come. The European market accounted for about 35% of the world market North America make up 25% and China accounts for 14%.

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TOP COMPANIES IN THE WALL DECOR MARKET:

Major vendors in the global wall decor market include Bed Bath & Beyond, Home Depot, IKEA, Lowes, Target, Wal-Mart, Art.com, and others. The top 5 accounted for about a quarter of the world market. Well-known retailers include Bed Bath & Beyond, Home Depot, IKEA, Lowes, Target, Wal-Mart, Costco, and Art.com.

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