Home Decor Market Expected to Expand at a 3.9% CAGR, Reaching USD 939.21 Billion from 2024 to 2030

Forecast Increase in Revenue:

Home Decor Market size was valued at USD 718.55 Bn in 2023 and the total revenue is expected to grow at a CAGR of 3.9% through 2024 to 2030, reaching nearly USD 939.21 Bn.

Home Decor Market Overview:

The Home Decor Market has experienced substantial growth, driven by rising consumer interest in enhancing their living spaces. The global pandemic has accelerated this trend, as more people spent extended periods at home and turned to home improvement as a way to alleviate stress and improve comfort. Increasing demand for furniture, textiles, and decorative items has been bolstered by the growing influence of online retail, which has provided consumers with easy access to a wide range of products, further driving market expansion.

𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐈𝐬 𝐉𝐮𝐬𝐭 𝐚 𝐂𝐥𝐢𝐜𝐤 𝐀𝐰𝐚𝐲! https://www.maximizemarketresearch.com/request-sample/21247/

Drivers in the Home Decor Market:

Key drivers in the Home Decor Market include the growing real estate and construction industries, which fuel the demand for furnishings and decor products. Additionally, the surge in renovation and home improvement projects, driven by the need for more comfortable home environments during lockdowns, has boosted sales. The shift towards online retail, aided by increasing internet penetration and the tech-savvy population, has also contributed to market growth, as consumers find it easier to access and purchase decor items from the comfort of their homes.

Home Decor Market Trends:

The Home Decor Market is witnessing several key trends, such as the growing demand for eco-friendly and sustainable home decor products, with consumers seeking items made from recycled or natural materials. Another trend is the increasing adoption of modular and multifunctional furniture, catering to the needs of compact urban living spaces. The rise of home-office furniture, spurred by the work-from-home shift during the pandemic, has also gained momentum, with ergonomic designs becoming particularly popular.

𝐍𝐞𝐞𝐝 𝐌𝐨𝐫𝐞 𝐈𝐧𝐟𝐨𝐫𝐦𝐚𝐭𝐢𝐨𝐧? 𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 + 𝐆𝐫𝐚𝐩𝐡𝐬 𝐇𝐞𝐫𝐞: https://www.maximizemarketresearch.com/inquiry-before-buying/21247/

Home Decor Market Opportunities:

The Home Decor Market offers several opportunities, particularly for vendors focused on innovative, sustainable, and customizable products. The expansion of e-commerce platforms and the increasing popularity of virtual shopping experiences present opportunities for companies to reach a broader consumer base. Emerging markets, where digital transformation and urbanization are accelerating, also provide significant growth potential for home decor brands looking to tap into new customer segments.

What is Home Decor Market Regional Insight?

Regionally, North America and Europe dominate the Home Decor Market due to high disposable incomes and a strong trend toward home renovation and improvement. In Asia-Pacific, the market is growing rapidly, driven by urbanization, rising middle-class incomes, and the increasing influence of Western decor styles. The Middle East and Latin America also present growth opportunities, as consumers in these regions increasingly invest in home furnishings and decor, further supported by expanding online retail infrastructure.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐭𝐨 𝐩𝐞𝐞𝐤 𝐢𝐧𝐬𝐢𝐝𝐞? 𝐆𝐫𝐚𝐛 𝐲𝐨𝐮𝐫 𝐬𝐚𝐦𝐩𝐥𝐞 𝐜𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐩𝐨𝐫𝐭 𝐧𝐨𝐰: https://www.maximizemarketresearch.com/request-sample/21247/

Segmentation Analysis of the Home Decor Market

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

Who is the largest manufacturers of Home Decor Market worldwide?

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.

𝐆𝐞𝐭 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐎𝐧 𝐓𝐡𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐎𝐟 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.maximizemarketresearch.com/market-report/global-home-decor-market/21247/

Key Offerings:

Past Market Size and Competitive Landscape
Home Decor Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Home Decor Market Segmentation - A detailed analysis by Product
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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