Market Research Future (MRFR) has published on the “Global Home-décor Market”.
The home-décor market is estimated to register a CAGR of 4.00% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global home-décor market— Forbo Management SA, Shaw Industries Group, Inc., Ashley Furniture Industries, LLC., Mannington Mills, Inc., Armstrong World Industries, Inc., Mohawk Industries, Inc., MillerKnoll, Inc., Inter IKEA Holding B.V., Duresta Upholstery Ltd., Kimball International Inc.
Home-Décor Market Highlights
The global home-décor market is accounted to register a CAGR of 4.00% during the forecast period. It is estimated to reach USD 882.1 billion by 2032.
The growing influence of social media drives the home décor market growth. Moreover, customers' awareness of the latest home decorations and rising disposable income drives the market. The ineffective transportation and lack of infrastructure facilities restrains the market growth. Additionally, the increasing adoption of virtual reality home décor and online shopping is anticipated to promote the growth of the global home décor market.
Segment Analysis
The global home-décor market has been segmented based on product type, price, distribution channel, and income group.
On the basis of product type, the market is segmented into home textiles, floor covering, and furniture. The furniture segment was attributed to holding the largest market share in 2022 due to its ability to combine form and function.
Based on price, the global home décor market has been segmented into premium and mass. The mass segment was expected to hold the largest market share in 2022 due to rising social media influence and the availability of different product varieties.
Based on distribution channels, the global home décor market has been segmented into supermarkets/hypermarkets, speciality stores, e-commerce, and others. The speciality stores segment was expected to hold the largest market share in 2022 due to the availability of a large selection of goods.
Based on income group, the global home décor has been segmented into lower middle income, upper middle income, and higher income. The higher income segment was expected to hold the largest market share in 2022 due to rising per capita income.
Regional Analysis
The global home-décor market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe home-décor market comprises Germany, France, the UK, Italy, Spain, and the Rest of Europe. The home-décor market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the Rest of Asia-Pacific. The Rest of the World home-décor market comprises the Middle East, Africa, and Latin America.
The North American regional sector maintained the largest market share for home-décor. This increase is attributed to rising product accessibility and expansion of online and offline channels. Additional factors promoting market growth include increased investor investments, government support, and the technology's viability. Implementing stringent rules, the growing penetration of different décor products and major production companies all impact the U.S. market.
Moreover, the Europe market has been persistently growing over the forecast period. The demand for home-décor is driven by rising social media influence. An increase in disposable income supports the market expansion.
Additionally, due to the increasing population migration to the cities, Asia Pacific is anticipated to experience the quickest growth over the forecast period.
Furthermore, the Rest of the world's home décor market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising social media influence and customer's awareness of the environment. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.
Key Findings of the Study
- The global home-décor market is expected to reach USD 882.17 billion by 2032, at a CAGR of 4.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increasing population migration to the cities.
- Based on application, the speciality stores segment was attributed to holding the largest market in 2022, with an approximate market share of X–X%.
- Forbo Management SA, Shaw Industries Group, Inc., Ashley Furniture Indsutries, LLC., Mannington Mills, Inc., Armstrong World Industries, Inc., MohawkIndustries, Inc., MillerKnoll, Inc., Inter IKEA Holding B.V., Duresta Upholstery Ltd., Kimball International Inc.
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Report details
| Companies Covered | 15 |
| Pages | 128 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
