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by Stef Calimlim (Content Editor)
Image from GettyFrom museums, homes and workplaces to recreational establishments and even hospitals, artworks for display are experiencing a boom in sales as more people are increasingly seeing the value of art. Traditional paintings are witnessing a revival while the introduction of digital printing is opening new market opportunities.
Holding nearly a one percent share in the overall home décor market, the global wall décor market is expected to reach a value of $58.2 billion by the end of 2022 and $70.9 billion by 2027, reaching a CAGR of four percent according to Future Market Insights (FMI). This growth is primarily fueled by rising influences across developing countries and the changing lifestyle preferences of consumers.
In Europe, Technavio’s latest report revealed that the wall décor market is projected to grow significantly due to the increasing sales of a variety of wall décors for gifting and as home accents. The market is expected to reach $9.56 billion from 2020 to 2024. Countries like the UK, Germany, France, Italy, Spain, the Netherlands and Switzerland are spurring market growth through online sales channels. Meanwhile, the US market is poised to grow by $10.78 billion from 2021 to 2025 owing to the growing gifting culture.
According to Fortune Business Insights, North America will continue to have a prominent market share as home constructions continue to foster home décor consumption. The Asia-Pacific, on the other hand, is assessed to provide a vital impact in the market as more dual-income households hold more spending power. The products in the gallery below have been selected by our Market Analyst for representing trends in paintings in today’s market.






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