Global Wall Decor Market size will grow substantially through 2032. The flourishing construction sector in the Asia Pacific has resulted in the expansion of commercial and residential infrastructure, increasing the demand for wall decor. Moreover, increasing disposable income in the region has also increased consumer spending on home renovation, boosting industry growth. Asia Pacific also has a huge youth population that heavily spends on home remodeling. According to the ILO, India comprises the largest youth population globally, and 66% of the country's population is below 35 years.
The overall wall decor market is segmented based on product, distribution channel, end-use, and region.
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The wall hangings market size could be worth more than USD 300 million by 2032. The customization feature and affordability of wall hangings favor their mass adoption. Additionally, they are available in various materials, such as metal, wood, and fabric, and can add a touch of elegance and sophistication to any room. Wall hangings are generally easy to install, requiring minimal effort and tools. They can be easily hung using nails, hooks, adhesive strips, or other mounting options. Besides, most of them are low-maintenance, requiring only occasional dusting or spot cleaning.
With respect to distribution channel, wall decor market share from the online retailers segment will grow at over 5% CAGR from 2023 to 2032. The high flexibility and convenience associated with online channels favor their adoption. Some online sellers also offer customization options for wall decor at discounted prices. Rising popularity of social media platforms such as the Pinterest and Instagram among consumers for home decor ideas and inspiration is also contributing to segment expansion.
In terms of end use, wall decor market from the commercial segment will register notable gains through 2032. Rapid industrialization, especially in developing economies has increased the demand for renovation of commercial buildings. Moreover, private and public buildings are increasingly getting reconstructed, further augmenting the sales of wall decor items. Many businesses are investing significant amounts into the interior decoration of their spaces, which is also working in support of segment expansion.
Regionally, Europe wall decor industry size will witness considerable gains through 2032. Growing demand for unique and customized wall decor items due to the increasing home renovation industry is contributing to regional growth. Due to increased disposable income, consumers are increasingly spending on wall decor items. Moreover, increasing government investments focused on the expansion of the real estate sector are expected to bolster the demand for wall decor items in Europe.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 Region-wise COVID-19 impact analysis
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Regional trends
1.5 Data Sources
1.5.1 Secondary
1.5.2 Primary
Chapter 2 Executive Summary
2.1 Wall decor industry 360º synopsis, 2018-2032
2.2 Business trends
2.3 Product trends
2.4 Distribution channel trends
2.5 End-Use trends
2.6 Regional trends
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