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Global Wall Art Market Share, Analysis, Report, Forecast: By Type: Abstract, Fine, Modern, Others; By Material: Canvas, Paper, Others; By Price: Mass, Premium; By Sales Channel: Auction Houses, Specialty Stores, E-Commerce, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Wall Art Market Outlook
The global wall art market size reached a value of approximately USD 46.2 billion in 2022. The market is projected to grow at a CAGR of 5.80% between 2023 and 2028, reaching a value of nearly USD 64.5 billion by 2028.
Key Trends in the Market
Wall art refers to artwork or graphic artwork that is either painted or placed on the wall or ceiling. Wall art has been used for centuries as a method of decoration or expression. It can be found in different forms ranging from murals to paintings, 3D structures, and photo frames, among others. It has also become an important part of society as a way to improve the aesthetic appeal of spaces.
- The rising popularity of digital artworks is a key trend propelling the market growth. Schools, offices, and other commercial places extensively use digital artworks frames to convey inspirational messages.
- Art is increasingly becoming a way to decorate and maintain the aesthetics of homes and infrastructures. Hence, with the rapid development of residential and commercial settings, the wall art market demand is anticipated to significantly grow during the forecast period. Additionally, the rising attraction of tourists towards art museums around the world is likely to further aid the growth of the market.
- The development and popularity of e-commerce platforms have been a major factor aiding global wall art market expansion, as this provides a convenient and affordable way for consumers to browse and choose from a wide range of wall art and paintings. Consumers are increasingly inclined towards online shopping as it allows them to purchase from any place while comparing prices and reading customer reviews.
Market Analysis
Based on type, the market is segmented into abstract, fine, and modern, among others. On the basis of material, the market can be divided into canvas and paper, among others. Based on price, the market is bifurcated into mass and premium.
The market division, based on sales channels, includes auction houses, speciality stores, and e-commerce, among others. The major regional markets for wall art can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global wall art market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
- Leaf Group Ltd.
- Minted LLC
- Artspace LLC
- Mercana
- Art Discovery Limited (Artfinder)
- Art.sy, Inc.
- Zatista LLC
- The Tallenge Store
- TWP Retail Private Limited (Artisera)
- 7 Wall Arts
- Others
Market Share by Type
Among the different types of wall art, the fine art segment accounts for a major share. This is owed to the association of fine art as a significant part of various cultures. It also enjoys popularity as a long-term investment among affluent customers.
Fine art can be categorised into five main parts including painting, architecture, music, sculpture, and poetry. Moreover, fine arts are considered to be more sophisticated and are primarily used for aesthetics and expression.
Market Share by Material
Canvas art pieces are available in different sizes and styles and are more affordable than other types of wall art materials. With such benefits of canvas-based artworks, the canvas segment is anticipated to hold a significant portion of the overall wall art market share. Additionally, the growing utilisation of cotton, synthetic fibre, and linen canvas material-based arts by regular artists further support the canvas segment growth.
Art students are engaging more in paper art and crafting activities to enhance their creativity and imagination skills. As a result, there is a growing utilisation of paper among artists, which, in turn, supports the growth of the paper segment.
Competitive Landscape
Leaf Group Ltd., formerly known as Demand Media Inc, is an American-based content and marketplace company, that is engaged in different lifestyle market segments, including fitness and wellness, home, and art and design. The company was formed in 2006 and has established brands such as Well+Good, Saatchi Art, and Society6, among others, which are creator-driven to reach passionate audiences.
Minted LLC is an online marketplace for lifestyle and premium design goods. The products provided on the platform are designed by independent artists and designers around the world. The company was founded in 2007 and it is currently located in California, the United States. The company sells products in different forms, including art, home décor, and stationery.
Artspace LLC is an online retail platform for contemporary artworks, founded in 2011 with the goal of making art accessible to a wider audience while supporting the artists. Artspace offers a curated selection of artworks, including paintings, prints, sculptures, photography, and mixed media, among others. It has developed its market presence to become a prominent player in the online art market, offering a diverse range of artworks.
Other market players include Mercana, Art Discovery Limited (Artfinder), Art.sy, Inc., Zatista LLC, The Tallenge Store, TWP Retail Private Limited (Artisera), and 7 Wall Arts, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
|
| Breakup by Price |
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| Breakup by Sales Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wall Art Market Analysis
8.1 Key Industry Highlights
8.2 Global Wall Art Historical Market (2018-2022)
8.3 Global Wall Art Market Forecast (2023-2028)
8.4 Global Wall Art Market by Type
8.4.1 Abstract
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fine
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Modern
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Wall Art Market by Material
8.5.1 Canvas
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Paper
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Wall Art Market by Price
8.6.1 Mass
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Premium
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Wall Art Market by Sales Channel
8.7.1 Auction Houses
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Specialty Stores
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 E-Commerce
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Others
8.8 Global Wall Art Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Wall Art Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Wall Art Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Wall Art Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Wall Art Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Wall Art Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Leaf Group Ltd.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Minted LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Artspace LLC
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Mercana
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Art Discovery Limited (Artfinder)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Art.sy, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Zatista LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 The Tallenge Store
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 TWP Retail Private Limited (Artisera)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Wall Arts
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wall Art Market: Key Industry Highlights, 2018 and 2028
2. Global Wall Art Historical Market: Breakup by Type (USD MillionBillion), 2018-2022
3. Global Wall Art Market Forecast: Breakup by Type (USD MillionBillion), 2023-2028
4. Global Wall Art Historical Market: Breakup by Material (USD MillionBillion), 2018-2022
5. Global Wall Art Market Forecast: Breakup by Material (USD MillionBillion), 2023-2028
6. Global Wall Art Historical Market: Breakup by Price (USD MillionBillion), 2018-2022
7. Global Wall Art Market Forecast: Breakup by Price (USD MillionBillion), 2023-2028
8. Global Wall Art Historical Market: Breakup by Sales Channel (USD MillionBillion), 2018-2022
9. Global Wall Art Market Forecast: Breakup by Sales Channel (USD MillionBillion), 2023-2028
10. Global Wall Art Historical Market: Breakup by Region (USD MillionBillion), 2018-2022
11. Global Wall Art Market Forecast: Breakup by Region (USD MillionBillion), 2023-2028
12. North America Wall Art Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
13. North America Wall Art Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
14. Europe Wall Art Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
15. Europe Wall Art Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
16. Asia Pacific Wall Art Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
17. Asia Pacific Wall Art Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
18. Latin America Wall Art Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
19. Latin America Wall Art Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
20. Middle East and Africa Wall Art Historical Market: Breakup by Country (USD MillionBillion), 2018-2022
21. Middle East and Africa Wall Art Market Forecast: Breakup by Country (USD MillionBillion), 2023-2028
22. Global Wall Art Market Structure
Key Questions Answered in the Report
The market, in 2022, reached an approximate value of USD 46.2 billion.
The market is projected to grow at a CAGR of 5.80% between 2023 and 2028.
The market is estimated to reach a value of nearly USD 64.5 billion by 2028.
The market for wall art is being driven by the increasing urbanisation around the world and the surging use of art to convey morals while maintaining the aesthetics of the area.
The rising popularity of digital artwork and the rapid growth of online marketplaces are the key trends propelling the market expansion.
The major wall art types in the market include abstract, fine, and modern, among others.
The different materials used for wall art canvas and paper, among others.
The significant sales channels in the market include auction houses, speciality stores, and e-commerce, among others.
The regional markets of the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The prominent players in the global wall art market are Leaf Group Ltd., Minted LLC, Artspace LLC, Mercana, Art Discovery Limited (Artfinder), Art.sy, Inc., Zatista LLC, The Tallenge Store, TWP Retail Private Limited (Artisera), and 7 Wall Arts, among others.
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