Home Decor Market Size Worth US$ 898.3 Billion by 2027 | Growth Rate (CAGR) Of 4.8%
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.
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Home decor refers to the process of selecting and arranging items, such as furniture, textiles, accessories, and color schemes in a living space to create a visually appealing and functional environment. It involves personalizing the home to suit individual tastes and needs and making the space both aesthetically pleasing and comfortable to live in. Home décor aims to create a cohesive and harmonious look that reflects the homeowners’ personal style.
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Home Décor Market Trends:
The increasing demand for furniture and fixtures, and upholstery products represents a significant factor driving the market growth. In addition to this, the rising preference of consumers for fancy and unique items to decorate homes, especially wooden flooring, and furniture is contributing to the growth of the market. Moreover, the advent of eco-friendly and sustainable home décor products is acting as a major growth-inducing factor. This, along with the rising environment consciousness among the masses, is facilitating the sales for items that are made from various recycled substances, jute, linseed oil, beeswax and cotton, among other sustainable materials. Other factors, such as rising consumer expenditure capacities, rapid urbanization, and the easy product availability at both the offline and online retail outlets, are further driving the market toward growth.
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Note: In this report you will get detailed analysis of the market, growth analysis graphs, historical period analysis, forecast period analysis, major market segmentation, top leading key players of the market, table of content, list of figures, and list of tables.
Competitive Landscape:
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
- Herman Miller Inc.
- Inter IKEA Systems B.V.
- Kimball International Inc.
- Koninklijke Philips N.V.
- Mannington Mills Inc.
- Mohawk Industries Inc.
- Hanssem Co., Ltd.
- Siemens AG
- Springs Window Fashions LLC
- Suofeiya Home Collection Co. Ltd.
- Samson Holding Ltd
- 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
- Flooring
- Wall Decor
- Lighting
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Home Decor Stores
- Gift Shops
- Direct to Consumer
- Online Stores
- Others
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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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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