US Wall Decor Market Size Will Grow by $10.78 Billion | Research insights highlight increased demand for custom and personalized wall art as a key trend

NEW YORK, November 12, 2021 /PRNewswire/ — According to research report “US Wall Decor Market – Forecast and Analysis Report 2021-2025“, the market is expected to grow at an annual growth rate of 7.20% in 2021, growing at a CAGR of 10% between 2020 and 2025.

Attractive Opportunities in the United States Wall Decor Market by Product and Distribution Channel – Forecast and Analysis 2021-2025

See the sample: to know additional highlights and key points on various market segments and their impact in the coming years.

Supplier Information

The wall decoration market in the United States is fragmented with the presence of several global and regional players. Amazon.com Inc., Bed Bath & Beyond Inc., Ethan Allen Interiors Inc., Franchise Concepts Inc., Haverty Furniture Companies Inc., Target Corp., The Home Depot Inc., Walmart Inc., and Wayfair Inc. are a few. -ones. of the dominant vendors featured in the report.

Some of the major market players are deploying growth strategies such as differentiating on innovative products to compete in the market.

In December 2020, Franchise Concepts Inc has entered into an agreement to acquire Kitchen Tune-Up, a growing and impressive franchise business specializing in affordable kitchen updates.

Find more highlights on vendor growth strategies and product offerings. Read a sample market research report.

Analysis of product segments

Wall decoration market vendors are expected to focus on capturing business opportunities from the wall art segment as it accounted for the largest market share during the reporting year. The high demand and the fastest growth rate in the segment comes from the high price of the products due to the creativity involved in manufacturing. Various world famous artists sell their wall art products at premium prices. Moreover, with the growth of the US economy and the popularity of wall art products as gifts, the wall art products segment is expected to gain in value over the forecast period.

Learn more about the geographical distribution of this market along with the detailed analysis of major regions. https://www.technavio.com/report/wall-decor-market-in-us-industry-analysis

Key Market Trends and Challenges:

One of the major trends in the wall decoration market in the United States is the growing demand for custom and personalized wall decorations. Vendors and retailers offering customized and personalized wall decor items at both macro and micro levels are expected to drive the growth of the market in the United States over the forecast period. Additionally, the growing trend of customization has prompted retailers to focus on outfitting their product assortment with multiple personalized wall décor products. These factors will have a positive impact on the growth of the market.

Growing competition, increasing price war and shrinking profit margins might inhibit the growth of the market. In the United States, wall decor manufacturers have both organized and unorganized formats. To fight against competition from new players and private labels, the prices of wall decorations are considerably reduced. This degrades the quality of the product, which negatively affects the market.

See a free sample for highlights on market trends and challenges affecting the United States wall decoration market.

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United States wall decoration market

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 10%

Market Growth 2021-2025

$10.78 billion

Market structure

Fragmented

Annual growth (%)

7.20

Regional analysis

we

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Amazon.com Inc., Bed Bath & Beyond Inc., Ethan Allen Interiors Inc., Franchise Concepts Inc., Haverty Furniture Companies Inc., Target Corp., The Home Depot Inc., Walmart Inc. and Wayfair Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Us:

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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