Trendsetting digital & traditional paintings | Global Sources
by Stef Calimlim (Content Editor)
Image from Getty
From museums, homes and workplaces to recreational establishments and even hospitals, artworks for display are experiencing a boom in sales as more people are increasingly seeing the value of art. Traditional paintings are witnessing a revival while the introduction of digital printing is opening new market opportunities.
Holding nearly a one percent share in the overall home décor market, the global wall décor market is expected to reach a value of $58.2 billion by the end of 2022 and $70.9 billion by 2027, reaching a CAGR of four percent according to Future Market Insights (FMI). This growth is primarily fueled by rising influences across developing countries and the changing lifestyle preferences of consumers.
In Europe, Technavio’s latest report revealed that the wall décor market is projected to grow significantly due to the increasing sales of a variety of wall décors for gifting and as home accents. The market is expected to reach $9.56 billion from 2020 to 2024. Countries like the UK, Germany, France, Italy, Spain, the Netherlands and Switzerland are spurring market growth through online sales channels. Meanwhile, the US market is poised to grow by $10.78 billion from 2021 to 2025 owing to the growing gifting culture.
According to Fortune Business Insights, North America will continue to have a prominent market share as home constructions continue to foster home décor consumption. The Asia-Pacific, on the other hand, is assessed to provide a vital impact in the market as more dual-income households hold more spending power.
The products in the gallery below have been selected by our Market Analyst for representing trends in paintings in today’s market.
Company: Shenzhen Yizhantong Import & Export Co. Ltd
The YZT-176 model from Shenzhen Yizhantong is a crystal porcelain canvas print in a brushed metal frame that is suitable for use as home décor and gift. The minimum order of one unit is quoted at $27.46. Lead time is 15 to 30 days.
Company: Seattle-art (Xiamen) Co. Ltd
Available in 60x80x3.8cm or custom dimensions, this OXTY-502 hand-painted oil painting in canvas from Seattle-art uses a wooden stretcher bar frame with a metal hook. The supplier requires an order of at least five pieces for delivery in 30 to 45 days. Price ranges from $15 to $22.50.
Company: Jinjiang Jiaxing Import and Export Co. Ltd
This 100 percent hand-painted 3D wall painting, the De30cor Wall Art-032U, uses white and gold ceramic paint, measures 60x60x6cm and comes in buyer-specified designs. The 1,000-piece minimum order has a lead time of 15 to 25 days. The product is priced at $78 per item.
Company: Quanzhou Maxtop Group Co. Ltd
Available in abstract and geometric designs, Quanzhou Maxtop’s P5M82 canvas print comes in 30x40, 35x50, 40x60, 50x70, 60x80, 70x90, 80x110 and 90x120cm dimensions. An item is priced at $6.61 to $7.96. The 10-piece minimum order is for delivery in five to 10 days.
Company: Skylark Network Co. Ltd
Skylark offers this SLZSH-1 diamond painting that measures 30x40cm and comes in various designs. An order of at least 100 bags is for delivery in 30 to 60 days. Price ranges from $1.19 to $1.22.
Company: Wild Horse Group Co. Ltd
Wild Horse’s WHSX089-1 five-panel wall art uses eco-solvent ink and 260g polyester, cotton, linen or paper canvas. It is available in buyer-specified designs, and 30x40x2, 30x60x2, 30x80x1 and custom dimensions. The minimum order of 10 pieces has a lead time of seven to 15 days. Price ranges from $3.50 to $6.
