Press release
Home Decor Market to reach USD 903.97 Bn by 2029, emerging at a CAGR of 3.9 percent and forecast 2023-2029
Home Decor Market Report Scope and Research MethodologyThe Home Decor Market Report by Maximize Market Research Pvt Ltd provides a comprehensive and detailed examination of the global Home Decor industry. The report encompasses an extensive scope, covering various aspects such as market size, trends, drivers, restraints, and regional insights. It delves into the diverse product types within the Home Decor sector, including furniture, home textile, and floor covering. Additionally, the report analyzes different distribution channels such as supermarkets & hypermarkets, specialty stores, e-commerce, and others. The scope of the report extends to a thorough exploration of market dynamics, highlighting factors that contribute to the growth of the Home Decor market.
Our research methodology is robust and thorough, ensuring the reliability and accuracy of the Home Decor Market Report. We employ a combination of quantitative and qualitative research techniques, leveraging the expertise of industry professionals and utilizing advanced analytical tools. The report relies on market surveys, extensive data analysis, and in-depth interviews with key industry stakeholders to gather comprehensive and up-to-date information. By adopting a meticulous approach, we aim to provide valuable insights into market trends, competitive landscapes, and future growth prospects within the Home Decor industry. The Research Methodology section of the report offers transparency and credibility, establishing a solid foundation for the information presented.
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What are Home Decor Market Dynamics:
The development of the global real estate & commercial construction industry is one of the important influences driving the development of the online home decor market. The other major factor contributing to online home decor sales is the growing number of renovation & modification projects. Factors like the rising tech-savvy population, growing internet penetration, & the development of the organized online retail sector have encouraged residents to order home furnishing items online. Moreover, the availability of numerous online home decor vendors, with wide product offerings, is providing consumers with a wide range of furniture & furnishings to choose from. As a result, the online home decor market development should be enormous during the forecast period.
When the Covid-19 lockdown was 1st announced in March 2021, not many of people were sure about what really lay ahead. Now, even at the end of year 2021, a lot of people are still counting days to be able to lastly step out of the home to go to the office, hang out with friends & to travel, leaving behind their anxieties & worries about being infected. But in these last9-10 months, People have reoriented their way of living around the 4 walls of their homes. They have learned to connect with the society over the virtual medium, to cook & clean, & to WFH on a daily basis. And while doing so, many people have naturally channelled their energies into livening up their surrounds, leading to growing interest in reforming their homes.
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Home Decor Market Regional Insights:
Within the Home Decor Market, regional dynamics play a pivotal role in shaping industry trends and market growth. Notably, North America emerges as a dominant force in the global landscape, projected to hold the largest market shares by 2029. This region's robust growth is attributed to factors such as enhanced product accessibility and the widespread penetration of both online and offline home decor channels. The prevalence of diverse decor products, including furniture, lighting, ornamental flooring, and textiles, is particularly pronounced in regions with a substantial number of market players. The United States, in particular, stands out as a key contributor to the global outdoor furniture industry, owing to a high customer willingness to invest in home decor products. As a result, North America is positioned as a frontrunner in driving the growth of the Home Decor market during the forecast period from 2022 to 2029. The insights derived from regional analysis offer valuable perspectives for industry stakeholders seeking to understand and capitalize on the varied market dynamics across different geographical areas.
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What is Home Decor Market Segmentation:
by Product Type
Furniture
Home Textile
Floor Covering
by Price
Premium
Mass
by Income Group
LOWER-MIDDLE INCOME
UPPER-MIDDLE INCOME
HIGHER INCOME
by Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
E-commerce
Others
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Who are Home Decor Market Key Players:
1. Inter IKEA Systems BV
2. Forbo International SA
3. Armstrong World Industries, Inc.
4. Mannington Mills Inc.
5. Mohawk Industries Inc.
6. Shaw Industries Group, Inc.
7. Herman Miller Inc.
8. Ashley Furniture Industries Ltd.
9. Kimball International
10.Duresta Upholstery Ltd.
11.home24
12.Hanssem Corporation
13.Koninklijke Philips N.V.
14.Conair Corporation
15.Suofeiya Home Collection Co., Ltd.
16.Springs Window Fashions LLC
17.Siemens AG.
18.J.C. Penney
19.Otto
20.Sears Holdings
Table of content for the Home Decor Market includes:
1. Global Home Decor Market : Research Methodology
2. Global Home Decor Market : Executive Summary
• Market Overview and Definitions
• Introduction to the Global Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry
3.Global Home Decor Market : Competitive Analysis
• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact
4 . Company Profile: Key players
• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments
Key Offerings:
• Past Market Size and Competitive Landscape (2022 to 2029)
• Past Pricing and price curve by region (2022 to 2029)
• Market Size, Share, Size and Forecast by different segment | 2022-2029
• Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
• Market Segmentation - A detailed analysis by growth and trend
• Competitive Landscape - Profiles of selected key players by region from a strategic perspective
• Competitive landscape - Market Leaders, Market Followers, Regional player
• Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis
• Value chain and supply chain analysis
• Legal Aspects of business by region
• Lucrative business opportunities with SWOT analysis
• Recommendations
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