GITNUX MARKETDATA REPORT 2024

Wall Art Industry Statistics

The wall art industry is expected to experience steady growth driven by increasing demand for personalized and decorative home decor products.

Statistic 1

"The global wall décor market size was valued at USD 60.7 billion in 2018,"

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Statistic 2

"The wall décor market is set to expand at a CAGR of 2.8% from 2021 to 2028,"

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Statistic 3

"The wall décor market in Europe is expected to reach USD 11.4 billion by 2025,"

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Statistic 4

"The digitization trend has substantially influenced the wall art industry, contributing to expected growth during the forecast period of 2021 to 2026,"

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Statistic 5

"By 2023, the global art market is predicted to grow by 5.9% compounded annually,"

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Statistic 6

"In 2019, the enchased picture frames segment held the largest market share at 35.9%,"

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Statistic 7

"The online sales channel is expected to expand at the fastest CAGR of 4.2% from 2021 to 2028,"

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Statistic 8

"North America held the largest revenue share of 32.4% in 2018,"

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Statistic 9

"The art market was worth $67.4 billion in 2018, with a significant portion spent on wall arts,"

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Statistic 10

"Art-related sales in the US reached $27.6 billion in 2018, with wall art being a significant contributing factor,"

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Statistic 11

"Retailers specializing in wall art observed an 11% increase in online conversion rates,"

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Statistic 12

"Globally, the display of prints/posters was the most popular choice for wall art at 37%,"

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Statistic 13

"More than 80% of consumers in the US prefer to shop wall décor items in-store,"

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Statistic 14

"85% of millennials purchased wall art in the past two years,"

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Statistic 15

"The commercial wall décor market is expected to grow by 9.0% annually,"

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Statistic 16

"The global wall décor market is expected to reach $78,269.9 million by 2026,"

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