Home Decor Market size was valued at US$ 665.63 Bn in 2021 and the total revenue is expected to grow at a CAGR of 3.9% through 2022 to 2029, reaching nearly US$ 903.98 Bn.
Home Decor Market Overview
The research on the Home Decor Market is based on the detailed dynamics the Home Decor Market. The report covers market revenue forecasts at global, regional and segment, and national levels. Industry potential is analysed focusing on the drivers, opportunities & limitations in the market.
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Home Decor Market Report Scope and Research Methodology
The report is a comprehensive analysis of the complementary and Home Decor market by region, segment and competitive landscape. The scope of the research included market potential, regulatory scenario, consumer behaviour, technological influence & Industry rivalry. Region wise data has been collected the analyse the country wise markets. The new entrants in Home Decor market were researched for growth prospects and future business outlooks
Secondary data was collected from official databases of various organisations and government sites, industry journals, white papers, annual reports, releases of product manufacturers and suppliers in the Home Decor industry along with paid and free databases. To estimate the segment wise, regional and global Home Decor Market size, bottom-up approach was used.
Home Decor Market Segmentation
The market is divided into three categories based on the type of product: furniture, home textiles, and floor coverings. By 2029, the furniture segment is anticipated to command the biggest market shares. Growing demand for wooden furniture because of its superior quality and look has fueled the segment's growth. The rising use of modular kitchens and closets is also significantly influenced by western society. The increasing use of eco-friendly products is the consequence of evolving consumer patterns, which has led to an increase in the use of green products in various parts of the home, including the bedroom, bathroom, outdoor space, and indoor space. Other raw materials utilised in the production of furniture, including as metal, plastic, glass, and leather, have established themselves on the market.
The market is divided into Supermarkets & Hypermarkets, Specialty Stores, E-Commerce, and Others based on the distribution channel. Due to increased external competition, the specialty stores business has experienced high concentration recently, although the tiny specialised retail stores industry has experienced low market share concentration. These are the main factors that will fuel this segment's expansion in the global home decor market from 2022 to 2029.
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Home Decor Market 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.
• home24
• Hanssem Corporation
• Koninklijke Philips N.V.
• Conair Corporation
• Suofeiya Home Collection Co., Ltd.
• Springs Window Fashions LLC
• Siemens AG.
• J.C. Penney
• Otto
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Home Decor Market Regional Insights
The Regional Analysis in the report helps to understand the Home Decor market in various countries. The report includes a detailed analysis of the nation wise market dynamics. By region the market is categorised into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Table of Content
1. Global Home Decor Market: Research Methodology
2. Global Home Decor Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Home Decor Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Home Decor Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
Key questions answered in the Home Decor Market are:
- What is Home Decor ?
- What are the factors driving the Home Decor Market growth?
- What are the factors are limiting the Home Decor Market growth?
- What was the Home Decor market size in 2021?
- Which trends are expected to generate additional revenue for the Home Decor market growth?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Home Decor Market?
- What growth strategies are the players considering to increase their foothold in the Home Decor Market?
- Who held the largest market share in the Home Decor Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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