COVID-19 Impacts: Wall Decor Market in US will Accelerate at a CAGR of over 9% through 2020-2024 | Increasing Introduction of Premium Products to Boost Growth | Technavio
Technavio has been monitoring the wall decor market in US and it is poised to grow by USD 8.19 billion during 2020-2024, progressing at a CAGR of 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.
What was the value of the wall decor market in US in 2019?
Technavio says that the value of market was at USD 15.15 billion in 2019 and is projected to reach USD 23.34 billion by 2024.
At what rate is the market projected to grow during the forecast period 2020-2024?
Growing at a CAGR of over 9%, the market growth will accelerate in the forecast period.
What is the key factor driving the market?
Increasing introduction of premium products is one of the key factors driving the market growth.
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 major trend of the market?
Increased demand for personalized and customized wall décor is a major trend driving the market growth.
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. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing introduction of premium products has been instrumental in driving the growth of the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our 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 growth in US during the next few years.
Wall Decor Market in US 2020-2024: Vendor Analysis
We provide a detailed analysis of vendors operating in the wall decor market in us, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the wall decor market in US are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist wall decor market growth in US during the next five years
Estimation of the wall decor market size in US and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the wall decor market in US
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of wall decor market vendors in US
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
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
Market condition
Customer landscape
Overview
Drivers, Challenges, and Trends
Market drivers
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 challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
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.
Walmart Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
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.
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