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.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201126005602/en/
Technavio has announced its latest market research report titled Wall Decor Market in US 2020-2024 (Graphic: Business Wire)
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:
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.
Related Reports on Consumer Discretionary Include:
Hammocks Market by Material and Geography - Forecast and Analysis 2020-2024- The hammocks market size has the potential to grow by USD 470.76 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get a FREE sample report in minutes
Digital Textile Printing Market by Ink Type, Application, and Geography - Forecast and Analysis 2020-2024- The digital textile printing market size has the potential to grow by USD 1.98 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get a FREE sample report in minutes
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
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:
Other Decorative Accents
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41554
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.
Register for a free trial today and gain instant access to 17,000+ market research reports.
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:
Value chain analysis
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
Drivers, Challenges, and Trends
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 positioning of vendors
Bed Bath & Beyond Inc.
Ethan Allen Interiors, Inc.
Franchise Concepts Inc.
Haverty Furniture Companies, Inc.
Lowe's Companies Inc.
The Home Depot Inc.
Scope of the report
Currency conversion rates for US$
List of abbreviations
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201126005602/en/