The home decor market, valued at US$ 718.55 billion in 2023, is anticipated to witness steady growth, with total revenue projected to reach nearly US$ 939.21 billion by 2030, growing at a CAGR of 3.9% from 2024 to 2030. This growth can be attributed to several factors, including rising disposable incomes, urbanization, and a growing focus on interior aesthetics. Additionally, the increasing popularity of home improvement and renovation projects, coupled with a growing preference for personalized and unique home decor items, is driving market expansion. The market is also benefiting from the rise of online retail channels, making it easier for consumers to access a wide range of home decor products. Overall, these trends indicate a promising outlook for the home decor market in the coming years.

Global Home Decor Market Report Scope and Research Methodology:

The global home decor market report encompasses a comprehensive analysis of the industry, providing insights into key market trends, drivers, challenges, and opportunities. The report employs a rigorous research methodology, including primary and secondary research, to gather and analyze data. Primary research involves interviews with industry experts, stakeholders, and key market players to gather first-hand information. Secondary research includes data from various sources such as company websites, annual reports, press releases, and industry publications. The report also utilizes quantitative and qualitative analysis techniques to provide a detailed understanding of the market dynamics. Additionally, the report offers a detailed segmentation of the market based on product type, distribution channel, and region, providing valuable insights for stakeholders and decision-makers in the home decor industry.

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What are Global Home Decor Market Dynamics:

The global home decor market has experienced significant dynamics, especially driven by the real estate and commercial construction industry’s growth. The online home decor market has particularly benefited from this development, with factors such as increasing renovation and modification projects also contributing to online sales. The rise in the tech-savvy population, coupled with growing internet penetration and the organized online retail sector’s development, has further fueled the online home decor market. The availability of a wide range of products from numerous online vendors has provided consumers with more choices, driving market growth. As a result, the online home decor market is expected to witness substantial development in the forecast period.

The COVID-19 lockdown, which began in March 2021, has significantly impacted people’s lives, forcing them to spend more time within the confines of their homes. As the year 2021 comes to a close, many are still eagerly anticipating the return to normalcy, longing for the freedom to go to the office, socialize with friends, and travel without the fear of infection. However, during these 9-10 months, individuals have adapted their lifestyles to revolve around their homes, connecting with society virtually, cooking, cleaning, and working from home. This shift in lifestyle has led many to focus on enhancing their living spaces, resulting in a growing interest in home renovation and decor projects.

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Global Home Decor Market Regional Insights:

North America is poised to dominate the global home decor market from 2024 to 2030, holding the largest market share of xx% by 2030. The region’s growth is fueled by factors such as increased accessibility to products and the growing presence of both online and offline home decor channels. Regions with a significant number of market players tend to have higher penetration of diverse decor products like furniture, lighting, ornamental flooring, and textiles. The United States, in particular, leads the global outdoor furniture industry due to a rising customer willingness to spend on home decor products. These factors contribute to North America’s dominance in the global home decor market during the forecast period.

The report aims to provide stakeholders in the industry with a comprehensive analysis of the global home decor market. It presents the past and current status of the industry, along with forecasted market size and trends, using an analysis of complex data presented in simple language. The report covers all aspects of the industry, including a dedicated study of key players, encompassing market leaders, followers, and new entrants.

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What is Global Home Decor Market Segmentation:

The global home decor market is segmented based on several factors. One key segmentation criterion is product type, which includes furniture, home textiles, and floor coverings. These categories encompass a wide range of products that contribute to the overall aesthetic of a home. Another segmentation is based on price, with products categorized as premium or mass market, catering to different consumer segments based on their budget and preferences. Income group segmentation divides consumers into lower-middle income, upper-middle income, and higher income groups, reflecting varying purchasing power and buying behaviors. The distribution channel is another important segmentation, with options including supermarkets & hypermarkets, specialty stores, e-commerce platforms, and others, providing consumers with multiple channels to access home decor products. These segmentation criteria help to understand the diverse nature of the global home decor market and tailor strategies to meet the needs of different consumer segments.

by Product Type
Furniture
Home Textile
Floor Covering

by Price
Premium
Mass

by Income Group
LOWER-MIDDLE INCOME
UPPER-MIDDLE INCOME
HIGHER INCOME

by Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
E-commerce
Others

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Who are Global Home Decor Market Key Players:

1. Inter IKEA Systems BV
2. Forbo International SA
3. Armstrong World Industries, Inc.
4. Mannington Mills Inc.
5. Mohawk Industries Inc.
6. Shaw Industries Group, Inc.
7. Herman Miller Inc.
8. Ashley Furniture Industries Ltd.
9. Kimball International
10.Duresta Upholstery Ltd.
11.home24
12.Hanssem Corporation
13.Koninklijke Philips N.V.
14.Conair Corporation
15.Suofeiya Home Collection Co., Ltd.
16.Springs Window Fashions LLC
17.Siemens AG.
18.J.C. Penney
19.Otto
20.Sears Holdings

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