Selbyville, Delaware, March 10, 2022 (GLOBE NEWSWIRE) —
According to a report, the wall decoration market is expected to exceed $40 billion by 2028. Research Report by Global Market Insights Inc. Changes in lifestyle and adoption of Western culture in developing countries have led to rapid urbanization. This leads to an increase in personal income levels and ultimately to changes in people’s tastes, preferences and needs. The ever-changing architectural design and fast-moving construction industry demand aesthetically pleasing exteriors and innovative interior designs.
The rising trend of “do it yourself” in the home decoration segment will largely hinder the growth of the wall decoration market. Recycling artefacts is a cost-effective and preferable way to change the look, feel and landscape of a room. This will have a positive impact on the sales of wall decoration products in the short term. In addition, the COVID-19 global health crisis has disrupted global supply chains and has had a long-term impact on people’s personal spending, resulting in stalled market demand. However, once shipping and supply chains return to normal, the market will grow again.
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The wall hanging market is expected to reach $285 million by 2028. People tend to buy unique antique multifunctional wall clocks rather than meeting the basic needs of a clock. Major players in the wall clock industry are trying to offer innovative products with weather forecast systems, internet connectivity, voice commands, artificial intelligence-driven systems and Bluetooth connectivity.
The specialty store segment is expected to grow at a CAGR of around 5.5% through 2028. Having all the necessary products in one place is attracting more customers. Manufacturers also invest heavily in R&D and product development to offer products such as waterproof wallpaper, low maintenance products, washable durable wall hangings and sustainable and environmentally friendly wall decoration products.
The fast-growing hotel industry Europe and the Middle East to drive the wall decoration market For commercial use. The business segment is expected to generate approximately $16.5 billion in revenue by 2028. Wallpaper, stickers, shelves, frame and mirror works and some other crafts will experience high demand in the commercial sector. These are cost-effective and time-saving alternatives to traditional paint and furniture solutions. This will positively impact the market growth through 2028.
Some of the key findings of the Wall Decoration Market report include:
- Rising aesthetic tendencies will drive market demand.
- Booming commercial construction activities across the globe will boost the growth of the frame.
- Popular wooden and nature-influenced furniture and interior design in Europe and Asia Pacific are driving market trends.
- The adoption of ever-changing technologies, including wall printing, laminates, printed graphics, and dry printing, is a major factor in the evolving technology-based interior design industry.
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Sections of the Table of Contents (TOC):
Chapter 2 Executive Summary
2.1 360 Degree Overview of Wall Decoration Industry, 2018 – 2028
2.2 Business Trends
2.3 Product Trend
2.4 Distribution Channel Trends
2.5 End-use trends
2.6 Regional Trends
Chapter 3 Wall Decoration Market Insights
3.2 Industry Pattern
3.3 Industry Ecosystem Analysis
3.4 Pricing Analysis
3.5 Regulatory Environment
3.6 Global Construction Industry Outlook
3.7 Industry influence
3.7.1 Growth drivers
18.104.22.168 Development of Global Home Decoration Industry
22.214.171.124 Increased improvement and maintenance activities in developed countries
126.96.36.199 Rapid growth of construction industry in Asia Pacific
188.8.131.52 Increasing the penetration rate of products in commercial buildings
3.7.2 Industry Traps and Challenges
184.108.40.206 Growth of the European construction industry stagnated
3.8 2021 Growth Potential Analysis
3.9 Global Wall Decoration Market Prospects
3.10 Innovation and Sustainability
3.11 Porter Analysis
3.12 PESTEL analysis
3.13 COVID-19 Impact on Wall Decoration Demand, by End User
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, USA, is a provider of global market research and consulting services; providing syndicated and custom research reports and growth consulting services. Our business intelligence and industry research reports provide clients with in-depth insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed through proprietary research methods for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.