Wall Art Market
Anticipated Growth in Revenue:
Wall Art Market was valued at USD 48.02 billion in 2023. Global Wall Art Market size is estimated to grow at a CAGR of 5.8 % over the forecast period.
Wall Art Market Overview:
Wall art is frequently utilised in homes and museums as a decorative element. An interior wall’s beauty is enhanced by paintings, sketches, sculptures, and other wall design elements. The use of such things among people is primarily increased by artworks’ capacity to transmit an uplifting and educational message. Players now host a variety of crafting events to promote their creations to a global audience and increase asales of their goods.
More and more individuals now utilize artistic panel works to maintain the attractiveness and decoration of their homes. Rising residential and commercial infrastructure will thereby reduce global wall art demand among the general population of the world. Existing-home sales in the U.S. hit 6.34 million in October 2021, an increase of 0.8% from the previous month. Further boosting the growth rate of such product consumption among consumers is the rising number of art museum visits in numerous nations across the world.
๐๐ง๐ฅ๐จ๐๐ค ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ: ๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ซ ๐๐๐ญ๐๐ฌ๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:https://www.stellarmr.com/report/Wall-Art-Market/972
What are Wall Art Market Dynamics?
Market Driver: The supply of home artworks will be made easier by an increase in artisans and painters, supporting the global wall art market demand. The U.S. Bureau of Labor Statistics has provided statistics showing that the employment of artists and related professionals in the country reached 12,600 in 2021 and is expected to increase by 9.5 % by 2029. Additionally, the regular introduction of campaigns centered on art by the major corporations will support their product revenues and promote global wall art market growth. For instance, to promote its selection of high-caliber contemporary arts to the public, Haarlem Artspace, a manufacturer of contemporary art products, started a “Go Fund Me” campaign in October 2021.
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ + ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐๐ซ๐:https://www.stellarmr.com/report/req_sample/Wall-Art-Market/972
What is Wall Art Market Regional Insight?
The North American market was worth USD 20.55 billion in 2023. The North American area dominates the global wall art market due to the substantial demand from American consumers for artisan-made home decor items like paintings, drawings, sculptures, etc.. Nearly 53% of respondents who like to purchase at least one piece of art a year were from the United States.
The European region will experience significant market growth, increasing the region’s consumption rate due to the rising number of people visiting art museums in the U.K. and France. In 2020-21, 51 % of U.K. respondents reported having visited a museum at least once, up from 42 % in 2005-2006. The growth of the European market is also being fueled by a growing awareness among Europeans of the availability of digital artworks.
What is Wall Art Market Segmentation?
by Type
Fine
Abstract
Modern
Other
by Material
Canvas
Paper
Other
by Sale Channel
Dealers
Auction Houses
๐ ๐๐๐ ๐๐๐ญ ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ!https://www.stellarmr.com/report/req_sample/Wall-Art-Market/972
Some of the current players in the Wall Art Market are:
Saatchi Art (California, U.S.)
Artfinder (London, U.K.)
Minted LLC. (California, U.S.)
Artspace LLC (New York, U.S.)
Artsy (New York, U.S.)
Art.com (New York, U.S.)
Zatista LLC (Yardley, U.S.)
The Tellenge Store (Bengaluru, India)
Artisera (Bengaluru, India)
Seven Wall Art Corporation (California, U.S.)
Key Offerings:
Past Market Size and Competitive Landscape
Wall Art Market Size, Share, Size & Forecast by different segment
Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
Wall Art Market Segmentation – A detailed analysis by Product
Competitive Landscape – Profiles of selected key players by region from a strategic perspective
Competitive landscape – Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER’s analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
This release was published on openPR.
