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Sustainable Home Decor Emerging Market Trends and Growth Opportunities in 2023-2031: A Comprehensive Analysis | Vermont Woods Studios, Shaw Industries Group Inc., Moso International B.V.
Report Ocean (150+ country's markets analyzed, function on 1,00000+ published and forthcoming reports every year.] presents a research report and top winning strategies for the Sustainable Home Decor. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Sustainable Home Decor study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Sustainable Home Decor.The global sustainable home decor market size was US$ 331.0 billion in 2021. The global sustainable home decor market size is estimated to reach US$ 535.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.5% during the forecast period from 2022 to 2030.
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The art of creating both aesthetically pleasing interior and exterior spaces that are also practical for the occupants is known as sustainable home decor. They range from furniture to floor coverings like tiles, vinyl & rubber, carpets & rugs, wood & laminate, and others. They also include home textiles like kitchen & dining textiles, bath textiles, rugs, bed textiles, and living room textiles. Furniture designs can be altered through machine-based and handcrafted processes.
Factors Affecting Marketing Growth
There has been an expansion in emerging economies owing to a rise in the population of affluent people which drives the global market.
An increase in environmental consciousness has resulted in changing customer demand for eco-friendly, sustainable home decor products, which is a major factor driving the global market growth.
Rising consumer disposable income in developed and emerging markets drives market expansion. In addition, intensive marketing campaigns and celebrity endorsements have made a big difference in the expansion of the global market.
Variations in the cost of the raw materials and the availability of low-quality and fake goods used to make these products hinder the global market growth.
Impact on COVID-19 Analysis
The COVID-19 outbreak impacted moderately on the global market. It was affected by the pandemic's disruption of the supply chain, lack of raw material availability, and limitations on the transit of goods. Also, the shipping and delivery of sustainable home decor around the world have been hampered by delays and disturbances at national borders. In contrast, the increased penetration of online sales channels positively impacted the global market.
Regional Analysis
North America held the highest global market share for sustainable home decor in 2021 owing to its highly developed retail infrastructure. Additionally, intensive advertising and celebrity brand endorsements have boosted the acceptance of sustainable home decor items globally, which fuels the growth of the global market. The appeal of sustainable home design items in the region has also increased with consumers spending more on such items and improving living standards.
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Leading Competitors
The prominent players in the global sustainable home decor market are:
Vermont Woods Studios
Shaw Industries Group Inc.
Moso International B.V.
Mohawk Industries Inc.
Mannington Mills Inc.
Kimball International
Inter IKEA Systems BV
Herman Miller Inc.
Forbo International SA
D Upholstery Ltd.
Ashley Furniture Industries Ltd.
Others
Segmentation Analysis
The global sustainable home decor market segmentation focuses on Product Type, Print Type, Income Group, Distribution Channel, and Region.
Segmentation on the basis of Product Type
Home Textile
Furniture
Floor Covering
Segmentation on the basis of Print Type
Premium
Mass
Segmentation on the basis of Income Group
Higher income
Upper middle income
Lower middle income
Segmentation on the basis of Distribution channel
E-commerce
Specialty Stores
Supermarkets and Hypermarkets
Others
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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the market over the forecast period?
- What are the factors driving and restraining the market?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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About Report Ocean:
We are the best market research reports provider in the industry. Report Ocean believes in providing quality reports to clients to meet the top line and bottom line goals which will boost your market share in today's competitive environment. Report Ocean is a 'one-stop solution' for individuals, organizations, and industries that are looking for innovative market research reports.
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