The global wall art market revenue was around US$ 21.54 billion in 2022 and is estimated to reach US$ 35.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.6% during the forecast period from 2023 to 2031.
Wall art refers to graphic artwork that is either painted or positioned on the ceiling or wall. Wall art has been utilized for centuries as a method of decoration or expression. It can be found in various forms ranging from murals to paintings, photo frames, 3D structures, and among others. It has also become an essential part of society as a way to enhance the aesthetic appeal of spaces.
Market Driving Factors
The increase in digital artworks is a key trend in the market. Nowadays, schools, offices, and other commercial settings are surging utilizing digital art frames to convey an informative or inspirational message to individuals. This will create possibilities for firms to raise their business in the digital artwork industry. In addition, surging usage of customized digital artwork displays among household customers will provide new avenues for the industry’s growth.
The increasing work-from-home trend worldwide is also estimated to drive the demand for wall art market. This is due to the people being set to finance massive sums in renovating their house offices per their needs. Furthermore, a surge in video conferencing is likely to increase the demand for visually appealing and professional backgrounds, which in turn, propelling wall art sales.
Ease of availability to substitute goods including wallpaper, murals, lighting, and other items. Thus, this factor hampers the market growth.
Regional Analysis
Europe dominated the market in terms of growth rate and is estimated to maintain its dominance. This can be attributed to the key players such as Marburger Tapetenfabrik provided a broad range of wall art such as hangings, digital wallpapers, and wallcoverings, online to customers across the nation and the U.K.
Asia-Pacific is expected to dominate the market in terms of revenue. This is primarily due to the high spending of the individuals of the region for maintaining the attractiveness of their homes. Furthermore, consumers in the sub-continent are buying fully furnished homes and need wall decor products to decorate their homes. As a result, this has created a demand for wall art in the sub-continent and driven market growth in the region.
Segmentation Insights
Type Insight
The abstract segment is estimated to dominate the market in terms of the highest shares. This is primarily owing to the attraction of youths toward abstract paintings and arts.
The modern segment is predicted to dominate the market in terms of the fastest growth. This is due to the surge in the number of consumers choosing modern paintings with a contemporary aesthetic value.
Price Point Insight
The mass segment dominates the market in terms of the highest shares. This is owing to the surge in consumption of mass-pricing products by upper-middle-class and lower-middle consumers significantly contributes toward the market growth.
The premium segment is predicted to dominate the market in terms of the highest growth rate. This is mainly due to the increase in customer spending on premium wall art owing to an increase in disposable income and enhanced lifestyles.
Sales Channel Insight
The e-commerce segment is anticipated to dominate the market in terms of the highest growth during the projection period. This is owing to the surge in internet usage and increasing smartphone use for online shopping.
Prominent Companies
Segmentation Outline
The global wall art market segmentation focuses on the Type, Price Point, Sales Channel, and Region.
By Type
By Price Point
By Sales Channel
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL WALL ART MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: WALL ART MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL WALL ART MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL WALL ART MARKET, BY TYPE
5.1 OVERVIEW
5.2 MODERN
5.3 ABSTRACT
5.4 OTHERS
6 GLOBAL WALL ART MARKET, BY PRICE POINT
6.1 OVERVIEW
6.2 PREMIUM
6.3 MASS
7 GLOBAL WALL ART MARKET, BY SALES CHANNEL
7.1 OVERVIEW
7.2 AUCTION HOUSES
7.3 SPECIALTY STORES
7.4 E-COMMERCE
7.5 OTHERS
8 GLOBAL WALL ART MARKET, BY GEOGRAPHY
8.1 OVERVIEW
8.2 NORTH AMERICA
8.2.1 NORTH AMERICA MARKET SNAPSHOT
8.2.2 U.S.
8.2.3 CANADA
8.2.4 MEXICO
8.3 EUROPE
8.3.1 EUROPE MARKET SNAPSHOT
8.3.2 WESTERN EUROPE
8.3.2.1 THE UK
8.3.2.2 GERMANY
8.3.2.3 FRANCE
8.3.2.4 ITALY
8.3.2.5 SPAIN
8.3.2.6 REST OF WESTERN EUROPE
8.3.3 EASTERN EUROPE
8.3.3.1 POLAND
8.3.3.2 RUSSIA
8.3.3.3 REST OF EASTERN EUROPE
8.4 ASIA PACIFIC
8.4.1 ASIA PACIFIC MARKET SNAPSHOT
8.4.2 CHINA
8.4.3 JAPAN
8.4.4 INDIA
8.4.5 AUSTRALIA & NEW ZEALAND
8.4.6 ASEAN
8.4.7 REST OF ASIA PACIFIC
8.5 MIDDLE EAST & AFRICA
8.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
8.5.2 UAE
8.5.3 SAUDI ARABIA
8.5.4 SOUTH AFRICA
8.5.5 REST OF MEA
8.6 SOUTH AMERICA
8.6.1 SOUTH AMERICA MARKET SNAPSHOT
8.6.2 BRAZIL
8.6.3 ARGENTINA
8.6.4 REST OF SOUTH AMERICA
9 GLOBAL WALL ART MARKET COMPETITIVE LANDSCAPE
9.1 OVERVIEW
9.2 COMPANY MARKET RANKING
9.3 KEY DEVELOPMENT STRATEGIES
9.4 COMPETITIVE DASHBOARD
9.5 PRODUCT MAPPING
9.6 TOP PLAYER POSITIONING, 2022
9.7 COMPETITIVE HEATMAP
9.8 TOP WINNING STRATEGIES
10 COMPANY PROFILES
10.1 SAATCHI ART
10.1.1 OVERVIEW
10.1.2 FINANCIAL PERFORMANCE
10.1.3 PRODUCT OUTLOOK
10.1.4 KEY DEVELOPMENTS
10.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.2 MINTED
10.2.1 OVERVIEW
10.2.2 FINANCIAL PERFORMANCE
10.2.3 PRODUCT OUTLOOK
10.2.4 KEY DEVELOPMENTS
10.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.3 ART.COM
10.3.1 OVERVIEW
10.3.2 FINANCIAL PERFORMANCE
10.3.3 PRODUCT OUTLOOK
10.3.4 KEY DEVELOPMENTS
10.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.4 ARTFINDER
10.4.1 OVERVIEW
10.4.2 FINANCIAL PERFORMANCE
10.4.3 PRODUCT OUTLOOK
10.4.4 KEY DEVELOPMENTS
10.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.5 ETSY
10.5.1 OVERVIEW
10.5.2 FINANCIAL PERFORMANCE
10.5.3 PRODUCT OUTLOOK
10.5.4 KEY DEVELOPMENTS
10.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.6 PAINTRU
10.6.1 OVERVIEW
10.6.2 FINANCIAL PERFORMANCE
10.6.3 PRODUCT OUTLOOK
10.6.4 KEY DEVELOPMENTS
10.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.7 SOCIETY 6
10.7.1 OVERVIEW
10.7.2 FINANCIAL PERFORMANCE
10.7.3 PRODUCT OUTLOOK
10.7.4 KEY DEVELOPMENTS
10.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.8 RED BUBBLE
10.8.1 OVERVIEW
10.8.2 FINANCIAL PERFORMANCE
10.8.3 PRODUCT OUTLOOK
10.8.4 KEY DEVELOPMENTS
10.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.9 WAYFAIR
10.9.1 OVERVIEW
10.9.2 FINANCIAL PERFORMANCE
10.9.3 PRODUCT OUTLOOK
10.9.4 KEY DEVELOPMENTS
10.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.10 1000MUSEUMS
10.10.1 OVERVIEW
10.10.2 FINANCIAL PERFORMANCE
10.10.3 PRODUCT OUTLOOK
10.10.4 KEY DEVELOPMENTS
10.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.11 ONE KINGS LANE
10.11.1 OVERVIEW
10.11.2 FINANCIAL PERFORMANCE
10.11.3 PRODUCT OUTLOOK
10.11.4 KEY DEVELOPMENTS
10.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
10.12 Z GALLERIE
10.12.1 OVERVIEW
10.12.2 FINANCIAL PERFORMANCE
10.12.3 PRODUCT OUTLOOK
10.12.4 KEY DEVELOPMENTS
10.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
01
お客様のニーズに合わせてレポートをカスタマイズ可能
02
ベテランの市場調査員による専門的な分析
03
安全で簡単に利用できるオンライン決済方法
04
お客様のご要望に応じて、特定の章を購入することができます。
05
すべてのレポートに専門的な日本語翻訳を提供
06
包括的でわかりやすいレポートを迅速にお届けします。
07
購入後も継続的なサポートとアップデートが受けられます。
We Accept
Copyright ©2022 All rights reserved