Wall Decor Market in US 2019-2023

Wall Decor Market in US 2019-2023

  • November 2018 •
  • 128 pages •
  • Report ID: 3952864
About this market
The increasing trend for interior designing is likely to fuel growth in the market. Consumer spending on home improvement and décor products such as on designer wall décor (such as wall clocks, wall arts, and picture frames) has also increased. This has motivated interior designers and designing companies to introduce trends that influence homeowners to invest in interior designing. Technavio’s analysts have predicted that the wall decor market in US will register a CAGR of almost 9% by 2023.

Market Overview
Increasing use of wall décor in designing the interiors of houses
Home renovation has increased in the US, mostly led by the enhanced lifestyles and rising disposable income. The demand for home renovation is further propelled by the modern and designer home décor products that include wall décor items.
Rising competition increasing price war and reducing profit margins
The entry of new players and private label brands will further intensify competition. This will lead to price wars degrading the quality of the product, which will affect the market negatively.
For the detailed list of factors that will drive and challenge the growth of the wall decor market during the 2019-2023, view our report.

Competitive Landscape
The market appears to be fragmented and with the presence of several companies including Target Brands and Walmart the competitive environment is quite intense. Factors such as the increasing trend for interior designing and increasing use of wall décor in designing the interiors of houses, will provide considerable growth opportunities to wall decor market in US manufactures. Amazon.com, Bed Bath & Beyond, Lowe’s, Target Brands, Walmart, and Home Depot Product Authority are some of the major companies covered in this report.

‘With the presence of a considerable number of companies, this market appears to be fragmented. Vendors and retailers offer personalized wall décor items at both macro and micro levels. Customers have many options, based on their requirements.’