As per Delvens' market home decor market growth analysis report, the global Home Decor market size is projected to reach USD 840 billion by 2026 at a CAGR of 4.3% from USD 630 billion in 2021 during the forecast period 2021-2028.
Home décor is all about styling the interior of a house. These may vary from person to person and also to the economic background of the owner but include all the aesthetic components like wall hangings, pictures, lamps, show pieces which would make the house look more appealing and visually attractive.
The global home decor market has grown significantly in recent years and is predicted to continue to develop gradually throughout the forecast period. This is due to the growing popularity of interior design items such as furniture, home textiles, and flooring among global customers.
With the expanding consumer base along with the recent trend of urbanization and consumer preferences for beautiful products to beautify houses, notably wooden floors and furniture, drive product demand. Furthermore, a preference for eco-friendly items that are less harmful to the environment has raised demand for unique home décor products made from various raw materials, hence boosting demand for home décor products throughout the projection period are some of the factors that have supported long-term expansion for Home Decor Market.
The rise of the real estate business is another reason driving the rapid growth of the home décor market. Home décor goods such as furniture, fabrics, and floor coverings that are utilised to improve the living area are increasing popularity.
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The unexpected COVID-19 epidemic has had an impact on people and companies all across the world. The US government has taken many precautionary measures to prevent the virus from spreading, resulting in partial lockdowns and the closure of physical retail outlets for an extended period of time. However, when individuals had more time at home, the majority of them began to remodel their homes, resulting in increased market income. Because of expanding consumer interest, the country's demand for do-it-yourself (DIY) furniture and other home design goods is increasing.
North America is expected to be the largest market during the forecast period. The advanced evolved retail structure along with the recent adoption of home decor products and the consumer expenditure on the same have led to growth in the home decor in the region.
During the forecast period, it is expected that European Home Decor market will register a growth of 4.2% CAGR.
Insights are provided for each region and major countries within the regions
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Report Feature |
Descriptions |
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Market Revenue In 2021 |
USD 630 billion |
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Growth Rate |
CAGR of 4.3% during the forecasting period, 2021-2028 |
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Historical Data |
2018-2019 |
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Forecast Years |
2021-2028 |
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Base Year |
2020 |
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Units Considered |
Revenue in USD million and CAGR from 2021 to 2028 |
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Report Segmentation |
Product type, distribution channel, income group and geography |
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Report Attribute |
Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling |
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Regional Level Scope |
North America, Europe, Asia-Pacific, South America, and Middle East and Africa |
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Country Level Scope |
U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe) |
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Companies Profiled |
Inter IKEA Group, 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, and Duresta Upholstery Ltd. |
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Available Customization |
In addition to the market data for Home Decor Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement. |
Home Decor Market is segmented into Distribution Channel, Income Group, Product Type, and Geography.
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