In a recent published report, Kenneth Research has updated the market report for Wall Decor Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Wall Decor Market products.
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By the end of 2050, the world’s population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Wall Decor Market to reach USD 78.59 billion by 2025. Global Wall Decor Market valued approximately USD 60.69 billion in 2016 is anticipated to grow with a healthy growth rate of more than 3.26% over the forecast period 2018-2025. Rapid increasing popularity of creative interior designing is the key factor driving the growth of the Global Wall Decor Market. Furthermore, the offices, homes, clubs have been inclined towards creative interior designing, the trend of giving the Wall decor products as a gift in festival seasons and special occasions, change in the lifestyle and preferences of the consumers, changing taste are aiding to the growth of the Market. Wall Decor refers to the enhancement of the interior of a building to provide a pleasing environment inside it. Wall Decor involves an imperious part of the outlook of the interior of a house. Wall Decor is mostly used by people who love art, to give a pleasant look to the office buildings, home decoration etc. Redecorating a leeway with wall Decor is one of the means for consumers to change the look of their interiors with minimum impact on the bank accounts.
The regional analysis of Global Wall Decor Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of Market share. Whereas, owing to the countries such as China, Japan, and India, Asia Pacific region is anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025.
Major market players in Wall Decor Market are Bed Bath & Beyond, Home Depot, IKEA, Lowes, Target, Art.com, Costco, Ethan Allen, Franchise Concepts, Havertys, J.C. Penney, Kirkland, Kohls, Macys Inc., Pier 1 Imports, Restoration Hardware, Sears, Williams-Sonoma, Wayfair Company and so on. Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
The objective of the study is to define Market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the Market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
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Wall Decor Market Segmentation:
By Product Type:
*Wallpaper
*Wall Mirror
*Wall Art
*Others
By Application:
*Household
*Office & Building
*Medical & Dental Facility
*Hotels & Spa
*Others
By Consumer Segment:
*Premium Customers
*Mass Customers
By Distribution Channel:
*Online Channel
*Offline Channel
By Region:
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
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