Home Decor Market Size and Growth Outlook to Reach USD 939.21 Billion by 2030

The 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 global home decor market is a thriving industry, fueled by increasing consumer interest in creating personalized and aesthetically pleasing living spaces. From vibrant wall art to innovative lighting solutions, home decor offers a way to transform interiors while enhancing comfort and style. The pandemic has further accelerated this trend, as many people turned to home improvement projects during lockdowns to boost their mental well-being and productivity. Leading companies like Godrej have reported substantial growth in demand for soft furnishings and decorative items, reflecting a broader consumer preference for cozy, stylish, and functional home environments.

𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐋𝐚𝐭𝐞𝐬𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬: https://www.maximizemarketresearch.com/request-sample/21247/

𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭:

One of the primary drivers of the home decor market is the increasing trend of urbanization and rising disposable incomes globally. As more people migrate to urban areas, the demand for modern housing and personalized decor solutions grows. Consumers are willing to invest in high-quality furnishings, art pieces, and accessories to make their living spaces more inviting and luxurious. Additionally, the growth of e-commerce platforms has made home decor products more accessible, offering a wide variety of designs and styles to suit diverse tastes and budgets.

Another significant factor propelling market growth is the influence of social media and home improvement TV shows, which have inspired a wave of DIY enthusiasts and decor aficionados. Platforms like Instagram and Pinterest showcase creative home decor ideas, encouraging consumers to experiment with colors, textures, and themes. This trend is further bolstered by sustainability-conscious shoppers seeking eco-friendly and locally crafted decor items, providing a boost to artisans and small businesses globally.

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐓𝐫𝐞𝐧𝐝𝐬:

A notable trend in the home decor market is the rising demand for multifunctional furniture and decor that blends style with utility. As urban living spaces become smaller, consumers are seeking compact, versatile solutions that optimize space without compromising on aesthetics. Additionally, sustainability is gaining prominence, with increasing interest in eco-friendly materials, upcycled decor, and energy-efficient lighting. The integration of smart technology into home decor items, such as app-controlled lighting and automated blinds, is another growing trend, reflecting the fusion of innovation and design in modern living spaces.

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐞𝐱𝐩𝐞𝐜𝐭𝐞𝐝 𝐠𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧?

The Home Decor Market is anticipated to witness significant growth across various product type segments, including furniture, textiles, floor coverings, and lighting. Among these, the furniture segment holds the largest market share due to the growing demand for innovative, multifunctional, and space-saving designs, particularly in urban areas. The textiles segment, encompassing curtains, cushions, and upholstery, is also experiencing robust growth, driven by increasing consumer interest in enhancing home aesthetics. The floor coverings segment, including rugs and carpets, is gaining traction owing to the rising popularity of luxury and sustainable materials. Additionally, the lighting segment is seeing increased adoption of smart and energy-efficient solutions, aligning with the growing trend of modern and eco-friendly home decor.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐓𝐨𝐝𝐚𝐲 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬: https://www.maximizemarketresearch.com/inquiry-before-buying/21247/

𝐂𝐨𝐮𝐧𝐭𝐫𝐲-𝐒𝐩𝐞𝐜𝐢𝐟𝐢𝐜 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦

Vietnam is emerging as a significant market for home decor due to increasing urbanization and rising disposable incomes. The country has witnessed a surge in demand for modern furniture and home textiles, driven by its growing middle class. Companies like 𝐍𝐢𝐭𝐨𝐫𝐢 𝐂𝐨., 𝐋𝐭𝐝. have been exploring expansion opportunities in Vietnam to meet the increasing demand for high-quality, affordable home furnishings.

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝

Thailand's home decor market is flourishing, with a focus on luxury and traditional designs. The rising number of residential projects and hotels has contributed to the growing demand for furniture and decorative lighting. Key players such as 𝐈𝐊𝐄𝐀 have been expanding their footprint in Thailand, capitalizing on the growing consumer preference for Scandinavian designs and multifunctional furniture.

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐓𝐫𝐞𝐧𝐝𝐬 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧

Japan's home decor market is shaped by its minimalistic aesthetic and functional designs. Consumers are increasingly seeking space-saving and multifunctional furniture that complements smaller living spaces. Companies like 𝐌𝐮𝐣𝐢 and 𝐏𝐚𝐧𝐚𝐬𝐨𝐧𝐢𝐜 𝐇𝐨𝐦𝐞𝐬 & 𝐋𝐢𝐯𝐢𝐧𝐠 are leading trends in integrating smart technology with elegant design, further enhancing market growth.

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚

South Korea is experiencing significant consolidation in its home decor industry, with major players focusing on partnerships and acquisitions to enhance their market presence. Companies such as 𝐇𝐲𝐮𝐧𝐝𝐚𝐢 𝐋𝐢𝐯𝐚𝐫𝐭 have been investing heavily in eco-friendly furniture and smart home solutions, aligning with the country's emphasis on sustainability and technological integration.

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞

Singapore's home decor market is witnessing robust growth, driven by a focus on sustainability and premium designs. With a growing interest in eco-friendly and smart decor, companies like 𝐀𝐬𝐡𝐥𝐞𝐲 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 have been innovating their product lines to cater to Singapore's discerning consumers. Recent government incentives supporting green technologies have further fueled market expansion.

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐔𝐒

The US continues to dominate the global home decor market, driven by a strong preference for luxury furniture and smart home solutions. Companies like 𝐖𝐢𝐥𝐥𝐢𝐚𝐦𝐬-𝐒𝐨𝐧𝐨𝐦𝐚 and 𝐖𝐚𝐲𝐟𝐚𝐢𝐫 are at the forefront of the market, leveraging e-commerce platforms to reach a broader consumer base. The growing trend of DIY home improvement projects has also spurred demand for customizable decor solutions.

𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞

Europe's home decor market thrives on its rich cultural heritage and demand for high-quality craftsmanship. The region is witnessing a surge in demand for sustainable and artisanal home decor products. Companies such as 𝐇𝐚𝐛𝐢𝐭𝐚𝐭 and 𝐑𝐨𝐜𝐡𝐞 𝐁𝐨𝐛𝐨𝐢𝐬 are leading the market with innovative designs that merge tradition and modernity. Increasing investments in smart home technologies have also boosted market growth.

𝐂𝐮𝐫𝐢𝐨𝐮𝐬 𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬? 𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: 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

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐓𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.maximizemarketresearch.com/market-report/global-home-decor-market/21247/

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.
16.Springs Window Fashions LLC
17.Siemens AG.
18.J.C. Penney
19.Otto
20.Sears Holdings

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐌𝐨𝐫𝐞: 𝐕𝐢𝐬𝐢𝐭 𝐎𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞 𝐟𝐨𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

♦ Controlled Environment Agriculture Market https://www.maximizemarketresearch.com/market-report/controlled-environment-agriculture-market/147449/

♦ Global Film Capacitor Market https://www.maximizemarketresearch.com/market-report/global-film-capacitor-market/58111/

♦ Open-Source Intelligence Market https://www.maximizemarketresearch.com/market-report/global-open-source-intelligence-market/66653/

♦ Global Contract Lifecycle Management Market https://www.maximizemarketresearch.com/market-report/global-contract-lifecycle-management-market/74488/

♦ Life Reinsurance Market https://www.maximizemarketresearch.com/market-report/life-reinsurance-market/189286/

♦ Portable Air Conditioner Market https://www.maximizemarketresearch.com/market-report/portable-air-conditioner-market/194526/

♦ Microcontroller Market https://www.maximizemarketresearch.com/market-report/global-microcontroller-market/16152/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

MAXIMIZE MARKET RESEARCH PVT. LTD.
⮝ 3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
✆ +91 9607365656
🖂 sales@maximizemarketresearch.com
🌐 www.maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.