Global Home Decor Market 2020: Industry Overview, Growth Rate, Trends, COVID-19 Impact Analysis, Opportunities and Forecast

The global home decor market is projected to reach USD 788.5 Billion by 2025, exhibiting a CAGR of 3.8% during 2020-2025.

Home decor refers to products that are used for decorating a house or an apartment, including luxury furniture, home textiles, lighting, and flooring. With the expanding real estate industry and improving standards of living, there has been an increased demand for home accessories and furnishings as they provide a more aesthetic and pleasant appeal to the space.

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Global Home Decor Market Trends

Over the years, with the inflating income levels and rapid globalization, homeowners have been putting increased focus on the importance and need for decorative items. In addition to this, consumers prefer to purchase home decor products from online retail platforms as these stores offer products from different parts of the world at discounted and affordable prices. Moreover, due to the rising environmental concerns, the leading players in the market are introducing eco-friendly home decor products, which have minimal impact on the environment. They are also collaborating with interior designers to provide consumers with a broad range of customized home decor items.

Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Market Segmentation

Market Breakup by Product Type

Home Furniture
Home Textiles
Flooring
Wall Decor
Lighting
Others

Market Breakup by Distribution Channel

Supermarkets and Hypermarkets
Home Decor Stores
Gift Shops
Direct to Consumer
Online
Others

Market Breakup by Region

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

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This release was published on openPR.