Residential Construction Will Grow Wall Decor Market

The global wall décor market size is projected to reach US$87,870 million by 2028, from $71,270 million in 2021, growing at a compound annual growth rate (CAGR) of three per cent during the forecast period, says a report from Valuates Reports. Growth in residential construction is expected to drive the wall décor market, along with rising preference for interior design and increasing disposable income. The growing popularity of wallpaper is also expected to fuel growth of the market. As well, wall art continues to remain a popular choice for interior design. Wall art can complete the look of a room and tie the design story together. Wall décor can add colour and vibrancy to a room. The growing popularity of wall mirrors as part of interior design is expected to propel the wall decor market forward. A free-standing mirror or wall mirror is one of the more affordable home, entrance, office, or retail accessories and, strategically placed, can help create the illusion of more space. Wall décor can also help establish a company’s culture and brand. It can help to create a space that benefits the wellness and creativity of employees.