Home Decor Market Size, Share, Growth, Trends, Key Vendors, Regions Demand and Forecast to 2025 - IMARC Group

According to IMARC Group’s latest study “Home Decor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025” the market reached a value of US$ 630.4 Billion in 2019. Looking forward, the market is expected to witness moderate growth during 2020-2025.

Home decor includes a wide range of accessories and furnishing items that are used to enhance the aesthetic appeal of the home. It majorly includes household furnishers, lamps, textiles, floor coverings, pots, candles, artifacts, wall hangings, etc. Home decor adds to the interior aesthetics and is an effective way of portraying the living style of the owner.

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Home Decor Market Trends:

The elevating consumer living standards supported by their rising income levels have increased the per capita expenditures on high-end and premium home decor items. Furthermore, the growing construction of luxury and ultra-luxury homes, including penthouses, villas, farmhouses, etc., is also propelling the market growth. Rapid globalization, coupled with lowering prices of premium products, is further propelling the sales of home decor items in the developing countries. Additionally, there is a rising consumer inclination towards online retail platforms for purchasing home decor products as these stores offer high-end items at discounted or affordable prices. Several key players are collaborating with renowned interior designers to expand their consumer base and increase their market presence.

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.

For more information about this report: https://www.imarcgroup.com/home-decorative-materials-market

Home Decor 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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Some of the major players and suppliers analyzed in the report include Inter IKEA Group, Forbo International SA, Armstrong World Industries Inc (NYSE: AWI), Mannington Mills, Inc., Mohawk Industries, Inc. (NYSE: MHK), Shaw Industries Group, Inc., Herman Miller Inc., Ashley Furniture Industries Ltd., Kimball International, and Duresta Upholstery Ltd.

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