Giving A Soul to Your Walls with the Wall Art Market

Wall art refers to a type of decoration used to accessorize and decorate the walls. The term wall art covers a wide range of items, from wallpapers to hangings, frameworks, décor shelves, and 3D sculptures. Wall art is an underrated yet important aspect of modern housing that can accentuate the features of any house.

Along with revealing the focal point of homes, wall art creates a smooth texture and makes the space appear finished. The rising penetration of e-commerce sales across the globe and the growing demand for ready-to-install home décor items are some of the primary factors driving the growth of the wall art market.

The market for wall art was valued at USD 54.09 billion in 2022 and is expected to grow at a CAGR of 5.1%, generating an estimated revenue of USD 88.66 billion by 2032.

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Types of Wall Décor

Here’s a quick overview of the most common types of wall décor items:

Canvas prints: Canvas prints are a great way to showcase your photos and give them a unique texture. Here, an inkjet printer prints an image directly onto canvas material.

Hanging canvas prints: Hanging canvas prints are an excellent option to transform empty walls into attractive wall décor. High-quality archival inks are used to print the image on premium canvas in hanging canvas prints. The canvas print is then suspended between two hanging rails.

Mounted wall arts: Mounted wall arts are a modern way to showcase your images and artwork. The method usually involves printing the images onto archival photo paper and mounting them on a thick, rigid board.

Sculpture: Sculptures aren’t just limited to museums. A wide range of wall art sculptures are designed to be hung on walls. Most of these sculptures are available in various materials, styles, and textures.

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What’s Propelling the Market Forward?

There has been an increased demand among consumers for products that allow them to add a personal touch to their homes. Besides, the COVID-19 pandemic has also escalated the need for home renovation and repair, thereby driving the wall art market sales.

Another factor boosting the market demand is the rapid growth of the real estate industry. The booming residential and personal space sector, which encompasses houses, apartments, and more, significantly expands the market.

Furthermore, the prevalence of the Do-It-Yourself (DIY) trend in home remodeling projects has recently increased. According to the American Housing Survey, homeowners in the U.S. completed over 53 million DIY projects in 2022. This, in turn, is impacting the wall art market favorably.

Impact of Wall Art on Your Home Interior

Here are some reasons why wall art is a great addition to your home:

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·??????? Reflects your taste, style, and personality

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·??????? Allows homeowners to choose a color palette

·??????? Make your space appear more finished

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Recent Developments

In March 2023, the e-commerce platform Saatchi Art collaborated with the crypto-based digital art market SuperRare. The collaboration aimed to unveil a collection of 10 unique digital artworks made by renowned artists.

Creating the Perfect Home Atmosphere

Wall art plays an important role in showcasing the beauty and personality of both the home and its owners. Rising urbanization and increasing disposable incomes are expected to spur the wall art market demand in the upcoming years.