LONDON--(BUSINESS WIRE)--Technavio has been monitoring the wall decor market in the US and it is poised to grow by USD 8.19 bn during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the wall decor market in the US. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
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What are the major trends in the market?
Increased demand for personalized and customized wall décor is a major trend driving the growth of the market. -
At what rate is the market projected to grow?
The market will accelerate at a CAGR of over 9% and the incremental growth of the market is anticipated to be $ 8.19 bn. -
Who are the top players in the market?
Amazon.com Inc., Art.com Inc., Bed Bath & Beyond Inc., Ethan Allen Interiors Inc., Franchise Concepts Inc., Haverty Furniture Companies Inc., Lowe's Companies Inc., Target Corp., The Home Depot Inc., and Walmart Inc. are some of the major market participants. -
What is the key market driver?
The increasing introduction of premium products is one of the major factors driving the market. -
How big is the wall art market?
The wall art segment will contribute to 75% of the market share.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Amazon.com Inc., Art.com Inc., Bed Bath & Beyond Inc., Ethan Allen Interiors Inc., Franchise Concepts Inc., Haverty Furniture Companies Inc., Lowe's Companies Inc., Target Corp., The Home Depot Inc., and Walmart Inc. are some of the major market participants. The increasing introduction of premium products will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this wall decor market in the US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Wall decor market in US 2020-2024: Segmentation
Wall decor market in the US is segmented as below:
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Product
- Wall Art
- Picture Frames
- Wall Clock
- Other Decorative Accents
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Distribution channel
- Offline
- Online
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Wall decor market in US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The wall decor market in US report covers the following areas:
- Wall decor market in US Size
- Wall decor market in US Trends
- Wall decor market in US Industry Analysis
This study identifies increased demand for personalized and customized wall décor as one of the prime reasons driving the wall decor market in the US growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Wall decor market in US 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist wall decor market in US growth during the next five years
- Estimation of the wall decor market in US size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the wall decor market in the US
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the wall decor market in US vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Customer landscape
- Overview
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- Amazon.com Inc.
- Art.com Inc.
- Bed Bath & Beyond Inc.
- Ethan Allen Interiors, Inc.
- Franchise Concepts Inc.
- Haverty Furniture Companies, Inc.
- Lowe's Companies Inc.
- Target Corp.
- The Home Depot Inc.
- Walmart Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.
