Press release
Residential Artificial Flower Retail Market 2019: Top Vendors-At Home Stores Bed Bath & Beyond,Home Depot Product Authority Target Brands,Walmart
Global residential artificial flower retail market size will grow close to USD 331 million during 2019-2023. This report offers an analysis of the market by distribution channel (offline distribution channel and online distribution channel) and presents in-depth insights into the growth prospects of the market across the Americas, APAC, and EMEA. The report also provides an analysis of the market’s competitive landscape and offers information on several companies including At Home Stores, Bed Bath & Beyond, Home Depot Product Authority, Target Brands, and Walmart.
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Urbanization has led to a major shift in consumer lifestyles in developed and developing countries. Therefore, urbanization is expected to boost the market for artificial flowers during the forecast period. Demand patterns for artificial flowers used for interior designing in the residential sector in developing countries have witnessed significant changes for new and innovative designs.
Some of the leading players in the Selenium Testing Service market include, At Home Stores Bed Bath & Beyond,Home Depot Product Authority Target Brands,Walmart.
Artificial flowers are durable and high-quality products meant for long-term use which do not require frequent replacement. Hence most of these are expensive and one-time expenditures. They only need minimal maintenance and cleaning. This reduces frequent purchases thereby serving to be a major growth barrier for the market.
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The increased media penetration and awareness regarding the artistry of different regions has been contributing to an increased inclination toward interior design and designer home decor products such as artificial flowers. Interior designing and related products are characterized by contemporary styles and designs where modern designs have profuse growth potential. The interest in interior design is also increased owing to the rising number of working women and their increased participation in household decision-making.
The growing internet penetration across the globe is providing various upcoming opportunities for retailers and vendors to increase their target audiences via online presence. For example, the increasing number of mobile cellular subscriptions will be contributing to the growth of the online retail market as ordering products remotely is becoming more convenient for the customers. A customer is spending nearly 15 to 16 hours a week for shopping, online payments, booking tickets, and other online transactions on the internet.
Owing to the benefits of online shopping, consumers are likely to use online retail market portals for buying products like artificial flowers. As a result, the high penetration of smartphones and the internet will trigger the growth of the global residential artificial flower retail market over the next five years. The residential artificial flower retail market is expected to grow at a CAGR of over 4% during the forecast period.
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