Global Home Decor Market Overview And Prospects – Includes Home Decor Market Size
Learn about the global home decor market through The Business Research Company, which provides information on home decor market size, home decor market drivers and restraints, home decor market players, the COVID-19 impact on the home decor market, and more.
The global home decor market size is expected to grow from $610.65 billion in 2021 to $662.45 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The global home decor products market size is expected to grow to $805.75 billion in 2026 at a CAGR of 5%.
The increasing penetration of smartphones and e-commerce is expected to propel the growth of the home decor market going forward.
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The home decor market consists of sales of home decor products by entities (organizations, sole traders, and partnerships) that are used to make a home more attractive and visually appealing. Home decor is the placement of physical items such as furniture accessories, room colours, walls, and ceilings in a decorative manner. It can be summarized as carefully placing decor pieces in a well-organized manner to create a pleasant, user-friendly environment.
Global home decor market segments include:
By Product Type: Furniture, Textile, Flooring, Others
By Price: Premium, Mass
By Application: Indoor, Outdoor
By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, E-Commerce, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America was the largest region in the home decor market in 2021.
Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the home decor market. Major companies operating in the home decor market are focused on strategic partnerships and collaborations to sustain their position in the market.
Major Market Players: IKEA Systems BV, Forbo Group, Armstrong World Industries Inc., Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries Group Inc., Herman Miller Inc., Ashley Furniture Industries Ltd., Kimball International Inc, Duresta Upholstery Ltd, home24, Hanssem Corporation, Koninklijke Philips N.V., Conair Corporation, Suofeiya Home Collection Co. Ltd., Springs Window Fashions LLC, Siemens AG., Zepter International Inc., and Samson Holding Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Home Decor Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides home decor market overviews, analyzes and forecasts market size, share, home decor market players, home decor market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s home decor market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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