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Wall Decor Market in the US to register a growth of USD 10.78 billion | Introduction of premium products is a key driver | Technavio

Apr 20, 2022

, /PRNewswire/ -- The wall décor market in the US is estimated to grow by USD 10.78 billion from 2020 to 2025, and the market's growth is anticipated to accelerate at a CAGR of 9.94%.

Factors such as the introduction of premium products owing to the improved standard of living are significantly driving the wall décor market in the US.

Technavio has announced its latest market research report titled Wall Decor Market in US by Product and Distribution Channel - Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Wall Decor Market in US by Product and Distribution Channel - Forecast and Analysis 2021-2025

Our report on "Wall Decor Market in US by Product and Distribution Channel - Forecast and Analysis 2021-2025" has extensively covered factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market share during the forecast period.

Wall Decor Market in US key highlights

  • Estimated year-on-year growth rate: 7.20%
  • Key market segments: Product (wall art, picture frames, wall clock, and other decorative accents) and distribution channel (offline and online).

Wall Decor Market in US Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum CAGR

Accelerate at a CAGR of 9.94%

Market growth 2021-2025

USD 10.78 billion

Market structure

Fragmented

YoY growth (%)

7.20

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Do reach out to our analysts for more customized reports as per needs. Speak to our Analyst now!

Wall Decor Market in US Trend

  • Increased demand for personalized and customized wall décor

The increased demand for personalized and customized wall décor is a trend in the US. The increasing trend of personalization has encouraged retailers to focus on equipping their product portfolio with personalized wall décor products. Moreover, many customers are willing to pay extra for product personalization. Hence, retailers are able to gain a margin on their offerings. Vendors and retailers that offer customized and personalized wall décor items are expected to help the market grow in the US during the forecast period.

Wall Decor Market in US Challenge

  • Rising competition is increasing price war and reducing profit margins

The rising competition, which is increasing price war and reducing profit margins, is a challenge for the wall décor market growth in the US. Manufacturers of wall décor in the US compete on parameters such as product portfolio, premiumization, differentiation, and pricing. The entry of new players and private-label brands will intensify competition further. This will result in price wars, which may further degrade the quality of products and, in turn, impact the market negatively. Market competition and price wars intensify the need for operational efficiency required for cost optimization and pricing strategy. This reduces profit margins to sustain in the market. In addition, some retailers may close stores due to their underperformance and inability to achieve operational efficiency.

Download a report sample for insights on key market Drivers, Trends, and Challenges influencing the wall decor market in US.

Key market vendor insights

The wall décor market in the US is fragmented, and the vendors are deploying growth strategies such as differentiating themselves on innovative products to compete in the market.

Some of the key market vendors are:

  • 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.
  • Wayfair Inc.

 For more highlights on products offerings and the growth strategies adopted by other vendors, Download a sample report

Key Segment Analysis by product 

  • Wall art

The wall art segment will have significant market share growth during the forecast period. The high demand and fast growth rate in the segment are attributed to the high price of the products. Various artists sell their wall art products at premium prices. The US has a high population of wealthy individuals, which opens opportunities for the segment.

  • Picture frames
  • Wall clock
  • Other decorative accents

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Table of Contents

1. Executive Summary 

2. Market Landscape  

  2.1 Market ecosystem 

  2.2.1 Parent Market

  Exhibit 01:  Parent market

  Exhibit 02:  Market characteristics

  2.2 Value chain analysis 

  Exhibit 03:  Value chain analysis for home furnishings

  2.2.1 Inputs 

  2.2.2 inbound Logistics

  2.2.3  Operations

  2.2.4  Outbound logistics

  2.2.5  Marketing and sales

  2.2.6  Service

  2.2.7  Support activities

  2.2.8  Innovation

3. Market Sizing 

  3.1  Market definition 

  Exhibit 04:  Offerings of vendors included in the market definition

  3.2  Market segment analysis 

  Exhibit 05:  Market segments

  3.3  Market size 2020 

  3.4  Market outlook: Forecast for 2020 - 2025 

  Exhibit 06:  US - Market size and forecast 2020 - 2025 ($ billion)

  Exhibit 07:  US market: Year-over-year growth 2019 - 2024 (%)

4. Five Forces Analysis 

  4.1 Five Forces Summary 

  Exhibit 08: Five forces analysis 2019 2024

  4.2 Bargaining power of buyers 

  Exhibit 09:  Bargaining power of buyers

  4.3 Bargaining power of suppliers 

  Exhibit 10:  Bargaining power of suppliers

  4.4 Threat of new entrants 

  Exhibit 11:  Threat of new entrants

  4.5 Threat of substitutes 

  Exhibit 12:  Threat of substitutes

  4.6 Threat of rivalry 

  Exhibit 13:  Threat of rivalry

  4.7 Market condition

  Exhibit 14: Market condition - Five forces 2020

5. Market Segmentation by Product 

  5.1 Market segments

  The segments covered in this chapter are:

  • Wall art
  • Picture frames
  • Wall clock
  • Other decorative accents

The two segments have been ranked based on their market share in 2020. The wall art constituted the largest segment in 2020, while the smallest segment was other decorative accents

  Exhibit 15: Service - Market share 2020-2025 (%)

  5.2 Comparison by Product 

  Exhibit 16: Comparison by Product

  5.3 Wall Art- Market size and forecast 2020-2025  

  Exhibit 17: Wall Art - Market size and forecast 2020-2025 ($ million)

  Exhibit 18:  Wall Art - Year-over-year growth 2020-2025 (%)

  5.4  Picture frames- Market size and forecast 2020-2025 

  Exhibit 19:   Picture frames  - Market size and forecast 2020-2025 ($ million)

  Exhibit 20:   Picture frames- Year-over-year growth 2020-2025 (%)

  5.5  Wall Clock- Market size and forecast 2020-2025 

  Exhibit 21:   Wall Clock  - Market size and forecast 2020-2025 ($ million)

  Exhibit 22:   Wall Clock - Year-over-year growth 2020-2025 (%)

  5.6    Other decorative accents- Market size and forecast 2020-2025 

Exhibit 23:    Other decorative accents  - Market size and forecast 2020-2025 ($ million)

  Exhibit 24:   Other decorative accents - Year-over-year growth 2020-2025 (%)

  5.7 Market opportunit by Product 

  Exhibit 25: Market opportunity by Product

6. Market Segmentation by Distribution Channel 

  6.1 Market segments

  The segments covered in this chapter are:

  • Offline
  • Online

The two segments have been ranked based on their market share in 2020. Offline constituted the largest segment in 2020, while the smallest segment was Online

  Exhibit 26: Service - Market share 2020-2025 (%)

  6.2 Comparison by Distribution Channel 

  Exhibit 27: Comparison by Distribution Channel

  6.3 Offline- Market size and forecast 2020-2025  

  Exhibit 28: Offline - Market size and forecast 2020-2025 ($ million)

  Exhibit 29: Offline- Year-over-year growth 2020-2025 (%)

  6.4 Online - Market size and forecast 2020-2025 

  Exhibit 30:   Online  - Market size and forecast 2020-2025 ($ million)

  Exhibit 31:   Online - Year-over-year growth 2020-2025 (%)

  6.5 Market opportunit by Distribution channel 

  Exhibit 32: Market opportunity by Distribution Channe'

7. Customer landscape 

  Exhibit 33: Customer landscape

8. Drivers, Challenges, and Trends  

  8.1 Market drivers 

  8.1.1  Improved standard of living increasing introduction of premium products

  8.1.2  Growing residential construction market

  8.1.3  Growing culture of gifting

  8.1.4  Rising popularity of blogs related to interior designing

  8.2 Market challenges 

  8.2.1  Rising competition increasing price war and reducing profit margins

  8.2.2  Highly complex inventory, supply chain, and merchandizing management

  8.2.3  Long product replacement cycle

  Exhibit 34:  Impact of drivers and challenges

  8.3  Market trends 

  8.3.1  Increasing trend for interior designing

  8.3.2  Increased demand for personalized and customized wall decor

  8.3.3  Growing online demand for home decor products

  8.3.4  Growing demand for eco-friendly home decor items

9. Vendor Landscape  

  9.1 Overview

  Exhibit 35: Vendor landscape

  9.2 Landscape disruption 

The potential for the disruption of the market landscape was moderate in 2020, and its threat is expected to remain unchanged by 2025. 

  Exhibit 36: Landscape disruption

  Exhibit 37: Industry risks

10. Vendor Analysis 

  10.1 Vendors covered 

  Exhibit 38: Vendors covered

  10.2 Market positioning of vendors 

  Exhibit 39: Market positioning of vendors

  10.3  Amazon.com Inc.

  Exhibit 40:  Amazon.com Inc. - Overview

  Exhibit 41:  Amazon.com Inc. - Business segments

  Exhibit 42:  Amazon.com Inc. – Key news

  Exhibit 43:  Amazon.com Inc. - Key offerings

  Exhibit 44:  Amazon.com Inc. - Segment focus

  10.4  Bed Bath Beyond Inc.

  Exhibit 45:  Bed Bath Beyond Inc. - Overview

  Exhibit 46:  Bed Bath Beyond Inc. - Business segments

  Exhibit 47:  Bed Bath Beyond Inc. – Key news

  Exhibit 48:  Bed Bath Beyond Inc. - Key offerings

  Exhibit 49:  Bed Bath Beyond Inc. - Segment focus

  10.5  Ethan Allen Interiors Inc. 

  Exhibit 50:  Ethan Allen Interiors Inc. - Overview

  Exhibit 51:  Ethan Allen Interiors Inc. - Business segments

  Exhibit 52:  Ethan Allen Interiors Inc. – Key news

  Exhibit 53:  Ethan Allen Interiors Inc. - Key offerings

  Exhibit 54:  Ethan Allen Interiors Inc. - Segment focus

  10.6  Franchise Concepts Inc.

  Exhibit 55:  Franchise Concepts Inc. - Overview

  Exhibit 56:  Franchise Concepts Inc. - Product and service

  Exhibit 57:  Franchise Concepts Inc. – Key news

  Exhibit 58:  Franchise Concepts Inc. - Key offerings

  10.7  Haverty Furniture Companies Inc. 

  Exhibit 59:  Haverty Furniture Companies Inc. - Overview

  Exhibit 60:  Haverty Furniture Companies Inc. - Product and service

  Exhibit 61:  Haverty Furniture Companies Inc. – Key news

  Exhibit 62:  Haverty Furniture Companies Inc. - Key offerings

  10.8  Lowe's Companies Inc. 

  Exhibit 63:  Lowe's Companies Inc. - Overview

  Exhibit 64:  Lowe's Companies Inc. - Business segments

  Exhibit 65:  Lowe's Companies Inc. – Key news

  Exhibit 66:  Lowe's Companies Inc. - Key offerings

  10.9  Target Corp. 

  Exhibit 67:  Target Corp. - Overview

  Exhibit 68:  Target Corp. - Business segments

  Exhibit 69:  Target Corp. – Key news

  Exhibit 70:  Target Corp. - Key offerings

  10.10 The Home Depot Inc. 

  Exhibit 71:  The Home Depot Inc. - Overview

  Exhibit 72:  The Home Depot Inc. - Business segments

  Exhibit 73:  The Home Depot Inc. – Key news

  Exhibit 74:  The Home Depot Inc. - Key offerings

  Exhibit 75:  The Home Depot Inc. - Segment focus

  10.11 Walmart Inc. 

  Exhibit 76:  Walmart Inc. - Overview

  Exhibit 77:  Walmart Inc. - Business segments

  Exhibit 78:  Walmart Inc. – Key news

  Exhibit 79:  Walmart Inc. - Key offerings

  Exhibit 80:  Walmart Inc. - Segment focus

  10.12 Wayfair Inc. 

  Exhibit 81:  Wayfair Inc. - Overview

  Exhibit 82:  Wayfair Inc. - Product and service

  Exhibit 83:  Wayfair Inc. - Key offerings

11. Appendix 

11.1 Scope of the report 

  11.1.1 Market definition

  11.1.2 Objectives

  11.1.3 Notes and caveats

  11.2 Currency conversion rates for US$ 

  Exhibit 84: Currency conversion rates for US$

  11.3 Research Methodology 

  Exhibit 85: Research Methodology

  Exhibit 86: Validation techniques employed for market sizing

  Exhibit 87: Information sources

  11.4 List of abbreviations 

  Exhibit 88: List of abbreviations

About Technavio Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts Technavio Research Jesse Maida Media Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: media@technavio.com Website: www.technavio.com/

SOURCE Technavio; Technavio

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