According to IMARC Group’s latest report, titled “Home Decor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global home decor market size reached a value of US$ 682 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 898.3 Billion by 2027, exhibiting at a growth rate (CAGR) of 4.8% during 2022-2027.
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.
Home décor represents a range of several aesthetic components that makes a house interior attractive and visually appealing. It includes floor covering, furniture accents, paint colors, textile, and ceiling textures as standard products that are carefully placed or arranged in a well-organized manner to create an appealing and user-friendly environment. Home décor is easier to clean up, improves mood motivation, provides a hospitable atmosphere, and conceals design flaws. As a result, home décor finds extensive applications in commercial and residential infrastructures to improve the overall aesthetics of external and internal spaces.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Home Décor Market Trends:
The global home décor market is primarily driven by consumers shifting preferences toward urban lifestyles and the growing demand for furniture, fixtures, and upholstery items, such as chairs, couches, cushions, ottomans, and bench seating for a comfortable living experience. Moreover, increasing trends of renovating homes after a specific duration are fuelling the demand for different home décor products such as wooden or marble flooring, fancy furniture, and decorative lighting. Additionally, the introduction of eco-friendly products and creative home décor items manufactured from different raw materials, including organic cotton, jute, and terrazzo, is favoring the market growth. Furthermore, the ongoing uptake of diverse online shopping platforms, such as e-commerce, to purchase various home décor items, especially during the COVID-19 pandemic, owing to their easy payment and accessibility, is propelling the market growth. Besides this, aggressive product advertising and the emergence of do-it-yourself (DIY) home décor products are supporting the market growth.
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Ashley Furniture Industries Inc.
- Duresta Upholstery Ltd.
- Forbo Holding AG (SWX: FORN)
- Herman Miller Inc. (NASDAQ: MLKN)
- Inter IKEA Systems B.V.
- Kimball International Inc.
- Koninklijke Philips N.V. (AMS: PHIA)
- Mannington Mills Inc.
- Mohawk Industries Inc. (NYSE: MHK)
- Hanssem Co., Ltd. (KRX: 009240)
- Siemens AG (ETR: SIE)
- Springs Window Fashions LLC
- Suofeiya Home Collection Co. Ltd. (SHE: 002572)
- Samson Holding Ltd (HKG: 0531)
- Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
- Sophia Home
Key Market Segmentation:
The report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
- Home Furniture
- Home Textiles
- Wall Decor
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Home Decor Stores
- Gift Shops
- Direct to Consumer
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
Explore full report with TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=1122&flag=C
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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