Industry Background:
The picture frames are used to complement the pictures, artworks, and other mementos, the frames also ensure safety against wear and tear of the picture due to human handling. The picture frames enhance the appearance of the house or room with the aesthetic look. A good frame adds the interior decoration based on the styling sense, the various range of size, color, shapes, and designs of picture frames gives the wide number of styling options.This growth is primarily driven by Demand for the Protection of Pictures Against Wear and Tear Due to Human Handling and Growing Demand for Aesthetic Appeal of Photos which Adds up to Overall Look of the Rooms.
Globally, a noticeable market trend is evident The Increasing use of Hanging Display Picture Frames Giving it a Floating Look
. Major Vendors, such as IKEA (Sweden), Fletcher-Terry Company, LLC. (United States), Nielsen Bainbridge Group LLC (United States), Dunelm Limited (United Kingdom), Larson-Juhl (Albecca Inc) (United States), Provasi Luca Cornici (Italy), Huahong Holding Group Co. Ltd. (China), Boyce Highlands Inc. (United States), INTCO Framing (China), Ashworth & Thompson Ltd (United States) and Hiroshima Wood Frame (Daisho Co.) (Malaysia) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 24th April 2019, Fletcher-Terry Company, LLC announced the acquisition of Frameware, a leading picture framing hardware and supplies manufacturer. The acquisition of Frameware represents another step forward in the company's continued commitment to being a globally-leading, solution-driven technology provider. With significant crossover into some of FBG’s core markets, Frameware’s product offerings help strengthen the company’s ability to leverage its total value as a process solution partner.
Market Drivers
- Demand for the Protection of Pictures Against Wear and Tear Due to Human Handling
- Growing Demand for Aesthetic Appeal of Photos which Adds up to Overall Look of the Rooms
Market Trend
- The Increasing use of Hanging Display Picture Frames Giving it a Floating Look
- The advent of Digital Picture Frames
- Availability of Picture Frames in Various Designs, Style, and Sizes
Restraints
- The Slowdown of Economy might Affect the Picture Frames Market
Opportunities
Surging Demand for Picture Frames from Modern Household Around the World and Increasing Disposable of Income and Changing Standard of Living
Challenges
Stiff Competition in Picture Frames Market and Availability of Cheap Quality Picture Frames with Fragile Handling
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Picture Frames Study Sheds Light on
The Picture Frames Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Picture Frames industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Picture Frames industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.