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Wall Art Market Outlook

According to the report by Expert Market Research (EMR), The Global Wall Art Market Size, Share, Analysis, Report and Forecast 2024-2032″, the wall art market reached a value of approximately USD 46.2 billion in 2023. Aided by the escalating demand for aesthetic home décor and the rising applications of wall art in commercial spaces, the market is projected to further grow at a CAGR of 5.80% between 2024 and 2032 to reach a value of USD 64.5 billion by 2032.

Wall art includes various forms of artistic decoration applied to a wall, such as paintings, murals, wall sculptures, photographs, and other artworks. It plays an essential role in enhancing the ambiance, exhibiting personal taste and style, and creating a focal point in any living or working space.

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The global wall art market expansion is driven by the rising consumer preference for sophisticated home décor. With an increasing awareness of the significance of interior aesthetics in shaping one’s mood and productivity, there has been a notable shift towards incorporating more creative and meaningful elements in home décor, propelling the demand for wall art. Additionally, the trend of personalising spaces to reflect individual tastes, lifestyles, and cultures has significantly contributed to the increasing popularity of wall art.

The proliferating applications of wall art in various commercial spaces also significantly drive the wall art market growth. In the hospitality industry, wall art is increasingly used to create a distinct atmosphere and brand identity in hotels, restaurants, and cafés. Businesses in the corporate sector employ wall art to boost employee morale, enhance creativity, and project a positive company image.

Moreover, the rising demand for online interior design services and e-commerce home décor platforms has further fuelled the wall art market demand. With the proliferation of digital platforms, consumers are finding it easier to access a wide variety of wall art styles, mediums, and artists, stimulating market growth. Additionally, the convenience of online shopping, coupled with the ability to visualise how artworks would fit into existing interiors using augmented reality tools, has resulted in a surge in online wall art sales, aiding the wall art market development.

Further, the growing trend of sustainable and eco-friendly décor is encouraging the development and use of wall art made from recyclable or responsibly sourced materials. With the increasing global emphasis on sustainability and the reduction of environmental impact, artists and manufacturers are leveraging sustainable practices in the creation of wall art, thereby contributing to the wall art market expansion.

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Wall Art Market Segmentation

The market can be divided based on type, material, price, sales channel, and region.

Market Breakup by Type

• • Abstract
  • Fine
  • Modern
  • Others

Market Breakup by Material

• • Canvas
  • Paper
  • Others

Market Breakup by Price

• • Mass
  • Premium

Market Breakup by Sales Channel

• • Auction Houses
  • Speciality Stores
  • E-Commerce
  • Others

Market Breakup by Region 

• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Wall Art Market Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global wall art companies. Some of the major key players explored in the report by Expert Market Research are as follows:

• • Leaf Group Ltd.
  • Minted LLC
  • Artspace LLC
  • Mercana
  • Art Discovery Limited (Artfinder)
  • Art.sy, Inc.
  • Zatista LLC
  • The Tallenge Store
  • TWP Retail Private Limited (Artisera)
  • Wall Arts
  • Others

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