Press release
Online Home Decor Market Significant Demand Foreseen by 2026 | Bed Bath & Beyond, Chairish, Coyuchi, Herman Miller
Online Home Decor Market
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Summary
Global Online Home Decor Market is valued approximately at USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2026. Online Home Decor market includes the availability of home décor goods such as Posters, frames, furniture, vases, wall mirrors, which enhance the visual appeal of the house, Online. The Rising demand for eco-friendly furnishings and multi-functional furniture drives the market towards growth. Further rising demand for premium furniture and availability of multiple options on the Online store fuels the market growth. Also, the rising disposable income coupled with growing popularity of interior designing further boosts the market growth.
Moreover, the spread of the COVID-19 Pandemic has positively impacted the market growth. As countries moved towards shutdown the population base using Smartphones and others technologies increased and the shutdowns gave people time to redecorate their homes by purchasing home furnishings online. As per the company sources, Wayfair company, an online furniture store, witnessed an increase in sales amidst the pandemic. As in January and February the company witnessed a gross revenue growth of just 20% but by the end of the March the gross revenue growth surged to more than double. This is mainly due the shift towards Work from home culture which has provoked the employees to purchase and set up small office spaces in their home leading to Online Home décor applications. This can be witnessed through the data from Sales Force's Q1 Shopping Index, which states that home décor and crafting items have posted a 51% digital sales boost in 2020's first quarter.
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However, increase in operational costs impedes the growth of the market over the forecast period of 2020-2026. Although, rising prevalence of Smartphones coupled with easy availability of Internet further drives the market towards growth.
Major market player included in this report are:
Bed Bath & Beyond Inc., Chairish Inc., Coyuchi Inc., Herman Miller Inc., Home24 SE, Inter IKEA Holding B.V., Lowe's Companies Inc., Pier 1 Imports Inc., Trendsutra Platform Services Pvt. Ltd., Urban Ladder Home Décor Solutions Pvt. Ltd.
The detailed segments and sub-segment of the market are explained below:
By Product:
Online Home Furniture
Online Home Furnishings
Other Online Home Decorative Products
By Region:
North America, U.S., Canada, Europe, UK, Germany, Asia Pacific, China, India, Japan, Latin America, Brazil, Mexico, Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2016, 2017, 2018
Base year - 20198
Forecast period - 2020 to 2026
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Target Audience of the Global Online Home Decor Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Online Home Decor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Online Home Decor Market Dynamics
3.1. Online Home Decor Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Online Home Decor Market: Industry Analysis
Chapter 5. Global Online Home Decor Market, by Product
Chapter 6. Global Online Home Decor Market, Regional Analysis
....Continued
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It's vital you keep your market knowledge up to date. If you have a different set of players/manufacturers according to geography or needs regional or country segmented reports we can provide customization accordingly.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the "Accurate Forecast" in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their "Goals & Objectives".
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