Wall Art Market Size Worth $ 88.66 Billion By 2032 | CAGR: 5.10%

Wall Art Market Size Worth $ 88.66 Billion By 2032 | CAGR: 5.10%


The global wall art market size is expected to reach USD 88.66 billion by 2032, according to a new study by Polaris Market Research. The report “Wall Art Market Share, Size, Trends, Industry Analysis Report, By Type (Wallpapers/Stickers/Wall Coverings, Hangings, Frameworks, Décor Shelves), By Sales Channel, By Application, By Region, And Segment Forecasts, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The growing demand for contemporary & natural interior aesthetics, many hospitality establishments are incorporating wicker & straw designs within their art. These materials add a touch of warmth and organic charm to the overall ambiance. Moreover, the interior design industry is actively working to enhance the consumer experience by streamlining the process of purchasing wallpaper and other decor items, making it quicker and more convenient. This customer-centric approach is anticipated to drive market growth throughout the forecast period.

The COVID-19 pandemic significantly impacted the home improvement market, leading to notable changes in consumer behavior. Consumer Specialists observed a shift in attitudes among consumers. With lockdowns and remote work becoming the norm, individuals spent more time at home, which motivated them to enhance their living spaces. Travel restrictions and limited options for entertainment prompted homeowners to invest heavily in households, focusing on creating more enjoyable environments. Additionally, the rise of remote work improved work-from-home set-ups, leading to renovations & remodeling projects aimed at workspaces.

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The demand for window coverings is on the rise, fueled by the rapid growth of the commercial sector, especially in the hospitality industry. TOPHOTELPROJECTS data reveals that the United Kingdom is poised to witness the opening of 431 hotels, offering a total of 61,232 rooms, in the coming years. Notably, 112 hotels with 14,872 rooms are set to launch in 2022. The trend continues with 68 new hotels (10,531 rooms) opening in 2023, followed by 39 properties (6,806 rooms) in 2024. This growth trajectory is projected to persist, with 212 hotels providing 29,023 rooms scheduled to open in 2025 and beyond.

The rise of online stores has gained significant popularity, offering consumers a convenient avenue to shop for wall art from the comfort of their own homes. These online platforms not only provide ease and accessibility but also offer an extensive range of products. The advantage of online stores lies in their ability to provide consumers with a more personalized shopping experience through tailored recommendations and customization options, enhancing overall customer satisfaction.

Wall Art Market Report Highlights

  • Hangings wall art segment accounted for largest market share in 2022, as they can be easily updated with the changing décor styles
  • Online channels segment is projected to grow at a significant CAGR, as younger population is more engaged in the smart-phones
  • North America region dominated the global market with largest share in 2022, owing to presence of world class artists, interior designers, and home décor specialists
  • The global key market players include VGL Group, Art.com, Uprise Art, Saatchi Art, Society6, Minted, Artsy, 1stdibs.com, Artnet Worldwide, and Artspace.

Polaris Market Research has segmented the wall art market report based on type, sales channel, application, and region:

Wall Art, Type Outlook (Revenue - USD Billion, 2023 - 2032)

  • Wallpapers/Stickers/Wall Coverings
  • Hangings
  • Frameworks
  • Décor Shelves
  • Others

Wall Art, Sales Channel Outlook (Revenue - USD Billion, 2023 - 2032)

  • Offline
    • Hypermarkets and Supermarkets
    • Specialty Stores
    • Others
  • Online

Wall Art, Application Outlook (Revenue - USD Billion, 2023 - 2032)

  • Residential
  • Commercial          

Wall Art, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Wall Art Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 59.58 billion

Revenue forecast in 2032

USD 88.66 billion

CAGR

5.10% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD million/billion and CAGR from 2024 to 2032

Segments covered

By Type, By Sales Channel, By Application, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Key companies

VGL Group, Art.com, Uprise Art, Saatchi Art, Society6, Minted, Artsy, 1stdibs.com, Artnet Worldwide, and Artspace.

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  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
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