The global home decor market valuation is US$ 216,291.4 million in 2023 and is predicted to reach US$ 394,715.7 million by 2033. The global market is expected to expand at a CAGR of 6.2% over the forecast period.
The rise of the real estate sector is one reason for the home décor market’s quick growth. Additionally, the ease with which individuals may access new types of designs and a diversity of things for house décor as a result of factors like globalization is promoting the expansion of this sector.
Furniture and other home décor goods are now more readily available and more reasonably priced thanks to the growth of internet retail. As a result, a lot of individuals are using these online retail stores to furnish their houses.
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The increase in disposable incomes and the improvement in people’s lifestyles are further elements promoting the expansion of this sector. However, some factors, such as the rising cost of raw materials like wood and leather, are restraining the market expansion of home décor items.
Forecast Highlights on the Global Home Décor Market
According to Future Market Insights’ prediction, the rug market would reach a value of roughly US$ 155,460 Mn in 2022. From 2017 to 2022, the CAGR for this period of assessment was a strong one. By the end of 2017, the rug segment is projected to represent over one-fifth of the product type segment’s revenue share, and by the end of 2022, it is anticipated to increase market share.
As per the forecast of Future Market Insights, the direct to consumer segment will reach a value of nearly US$ 127,733 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The direct to consumer segment is estimated to account for more than one-fifth of the revenue share of the distribution channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
As per the forecast of Future Market Insights, the indoor segment is slated to reach a value of nearly US$ 560,205 Mn in 2022. The indoor segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the APEJ region in the indoor segment.
Future Market Insights forecasts the China home décor market to grow from US$ 79,955 Mn in 2017 to US$ 109,434 Mn in 2022. This represents a compound annual growth rate (CAGR) of 6.5% from 2017 to 2022.
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The report has also profiled leading players in the global market for home decor, which will remain active through 2022. These include companies such as Samson Holding Ltd., Koninklijke Philips N.V., Springs Window Fashions LLC, The Oneida Group, Inc., Siemens AG, Suofeiya Home Collection Co., Ltd., Conair Corporation, Inter Ikea Systems B.V, Hanssem Co., Ltd. and Zepter International Inc.
Market Taxonomy
Product Type
Home Furniture
Rugs
Bath Textiles
Bed Textiles
Kitchen and Dining Textiles Tiles
Wood & Laminate Flooring
Vinyl & Rubber Flooring
Lighting
Other Products
Distribution Channel
Retail Stores
Direct to Consumer
Manufacturer Stores
E-commerce Stores
Discount stores
Rental Stores
Club Stores
DIY Stores
Application
Indoor
Outdoor
Other Applications
Region
North America
Latin America
Europe
Japan
APEJ
MEA
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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