The report also emphasized the issues that influence the global Home Decor Market including cost, market share, import, capacity utilization, gross margin, and supply. Moreover, the report also highlights the future scope of the global market for the upcoming period. Furthermore, the Home Decor Market research report incorporates qualitative data to understand market dynamics, trends, and developments. It also offers top-notch insights about current trends and future estimations of the market.
Home Decor Market, by Product Type (Furniture, Home Textile, and Floor Covering), Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, E-commerce, and Others), Income Group (Lower-middle Income, Upper-middle Income, and Higher Income) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)
Home Decor Market Overview
As per Delvens' market home decor market growth analysis report, the global Home Decor market size is projected to reach USD 840 billion by 2026 at a CAGR of 4.3% from USD 630 billion in 2021 during the forecast period 2021-2028.
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Home décor is all about styling the interior of a house. These may vary from person to person and also to the economic background of the owner but include all the aesthetic components like wall hangings, pictures, lamps, show pieces which would make the house look more appealing and visually attractive.
The global home decor market has grown significantly in recent years and is predicted to continue to develop gradually throughout the forecast period. This is due to the growing popularity of interior design items such as furniture, home textiles, and flooring among global customers.
With the expanding consumer base along with the recent trend of urbanization and consumer preferences for beautiful products to beautify houses, notably wooden floors and furniture, drive product demand. Furthermore, a preference for eco-friendly items that are less harmful to the environment has raised demand for unique home décor products made from various raw materials, hence boosting demand for home décor products throughout the projection period are some of the factors that have supported long-term expansion for Home Decor Market.
The rise of the real estate business is another reason driving the rapid growth of the home décor market. Home décor goods such as furniture, fabrics, and floor coverings that are utilised to improve the living area are increasing popularity.
The unexpected COVID-19 epidemic has had an impact on people and companies all across the world. The US government has taken many precautionary measures to prevent the virus from spreading, resulting in partial lockdowns and the closure of physical retail outlets for an extended period of time. However, when individuals had more time at home, the majority of them began to remodel their homes, resulting in increased market income. Because of expanding consumer interest, the country's demand for do-it-yourself (DIY) furniture and other home design goods is increasing.
Home Decor Market Regional Analysis
• North America is expected to be the largest market during the forecast period. The advanced evolved retail structure along with the recent adoption of home decor products and the consumer expenditure on the same have led to growth in the home decor in the region.
• During the forecast period, it is expected that European Home Decor market will register a growth of 4.2% CAGR.
Home Decor Market Competitive Landscape
Key Players
• Inter IKEA Systems BV
• Forbo International SA
• Armstrong World Industries, Inc.
• Mannington Mills Inc.
• Mohawk Industries Inc.
• Shaw Industries Group, Inc.
• Herman Miller Inc.
• Ashley Furniture Industries Ltd.
• Kimball International
• Duresta Upholstery Ltd.
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Recent Developments in the Home Decor Market
• Ingka Centres, part of the Ingka Group, (which also includes IKEA Retail and Ingka Investments), has today taken its first step to expand into India with a major land acquisition in India.
• Thibaut, a fabric, wallcoverings, and furniture business located in New Jersey, has purchased Italian textile manufacturer Coraggio in a transaction that finalised on July 13.
• In an interview with CNBC, Nebraska Furniture Mart chairman, Irv Blumkin, says there has been a slight shift in demand amid inflation.
Reasons to Acquire Home Decor Market Report
• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Home Decor market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
Table of Contents
Home Decor Market is segmented into Distribution Channel, Income Group, Product Type, and Geography.
On the basis of Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
E-commerce
Others
On the basis of Income Group
Lower-middle income
Upper-middle income
Higher income
On the basis of Product Type
Home textile
Rugs textiles
Bath Textiles
Bed Textiles
Kitchen & Dining Textiles
Living Room Textiles
Floor covering
Tiles
Wood & Laminate
Vinyl & Rubber
Carpets & Rugs
Others
Furniture
Kitchen
Living and Bedroom
Bathroom
Outdoor
Lighting
On the basis of Region
Asia Pacific
North America
Europe
South America
Middle East & Africa
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