Home Decor Market is estimated to reach $1.1 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032

According to a new report published by Allied Market Research, titled, "Home Decor Market," The home decor market size was valued at $647.40 million in 2022, and is estimated to reach $1.1 billion by 2032, growing at a CAGR of 4.9% from 2023 to 2032.

The home decor industry is currently experiencing significant expansion, underpinned by a myriad of distinct factors and industry dynamics. A surge in consumer disposable income, coupled with an escalating focus on interior aesthetics, is the driving force behind the industry's remarkable progress. The ubiquity of e-commerce platforms has facilitated the exploration of a diverse range of home decor products, further catalyzing the Home Decor Market Growth.

📚 𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝐏𝐃𝐅 𝐨𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-sample/751

A prominent trend within the industry is the increasing emphasis on eco-friendly and sustainable product offerings. With consumers becoming more environmentally conscious, there is a growing Home Decor Market Demand for decor choices that are ecologically responsible. As a consequence, businesses that provide sustainable decor alternatives are poised to prosper in this thriving market. Furthermore, there is a burgeoning inclination toward personalization and customization, as consumers seek one-of-a-kind and tailored decor solutions, creating niche business opportunities.

Nevertheless, the home decor market is not without its challenges. It is marked by intense competition, with established entities and newcomers fiercely competing for market share. Adapting to the ever-evolving preferences of consumers presents an ongoing challenge, necessitating a commitment to innovation and an acute awareness of emerging Home Decor Market Trends. Supply chain disruptions, fluctuating raw material costs, and logistical issues can also pose obstacles to the industry's advancement.

Within this landscape of challenges and opportunities, there are substantial prospects for businesses in the home decor sector. Harnessing the power of digital marketing and online platforms can enable companies to reach a broader audience. Collaborative ventures with interior designers, participation in home improvement exhibitions, or engagement with influential figures can enhance brand visibility. Moreover, diversifying into complementary sectors such as smart home decor or do-it-yourself (DIY) kits can tap into emerging niches and confer a competitive advantage.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 : https://www.alliedmarketresearch.com/request-for-customization/751

The global home decor market analysis is segmented into product type, Income group, price point, distribution channel, and region. On the basis of product type, the market is divided into furniture, home textile, and floor covering. Depending on the distribution channel, it is segregated into supermarkets, hypermarkets, specialty stores, e-commerce, and others. By income group, it is fragmented into lower-middle income, upper-middle income, and higher income. As per price point, it is categorized into mass and premium. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

By product type, the market is segmented into furniture, home textiles, and floor covering. The floor covering segment accounted for a major share of the home decor market in 2022 and is expected to grow at a significant CAGR during the forecast period.

Further, the furniture segment is segmented into Kitchen Living and Bedroom, Bathroom, Outdoor, and Lighting. The Living and Bedroom segment accounted for a major Home Decor Market Share in 2022 and is expected to grow at a significant CAGR during the forecast period.

Further, the home textiles segment is segmented into Rugs textiles, Bath Textiles, Bed Textiles, Kitchen, Dining Textiles, and Living Room Textiles. The Living Room Textiles segment accounted for a major share of the home decor market in 2022 and is expected to grow at a significant CAGR during the forecast period.

Further, the floor covering segment is segmented into Tiles, Wood & Laminate, Vinyl & Rubber, Carpets & Rugs, and Others. The Carpets & Rugs segment accounted for a major share of the home decor market in 2022 and is expected to grow at a significant CAGR during the forecast period.

By distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, e-commerce, and others. The supermarkets and hypermarkets segment accounted for a major share of the home decor market in 2022 and is expected to grow at a significant CAGR during the forecast period.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.alliedmarketresearch.com/checkout-final/a83bef5cdcdd1f86d374a3ab90752610

By price, the market is segmented into Premium and Mass. The mass segment accounted for a major share of the home decor market in 2022 and is expected to grow at a significant CAGR during the forecast period.

By income group, the market is segmented into lower-middle income, upper-middle income, and higher income. The higher income segment accounted for a major share of the home decor market in 2022 and is expected to grow at a significant CAGR during the forecast period.

The key players profiled in this report include Inter IKEA Group, Forbo International SA, Armstrong World Industries, Inc., Mannington Mills, Inc., Mohawk Industries Inc., Shaw Industries Group, Inc., Herman Miller, Inc., Ashley Furniture Industries Ltd., Kimball International, and Duresta Upholstery Ltd. These players are focusing on the development of eco-friendly home decor products.

KEY FINDINGS OF THE STUDY
By Product Type, the floor covering segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
By price, the mass segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
By distribution channel, the specialty stores segment was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.
By region, the Asia-Pacific region was the highest revenue contributor to the market in 2022 and is expected to grow at a significant CAGR during the forecast period.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:-
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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