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Global Home Decor Market: Unveiling Market Size, Growth Rate, Key Drivers and Upcoming Trends
Home Decor Market Size
What Is The Projected Market Size Of The Global Home Decor Market And Its Growth Rate?
The home decor market has shown promising signs of growth:
• The market size has increased from $644.93 billion in 2024 to $654.09 billion in 2025, marking a CAGR of 1.4%.
• This growth in the historic period is due to the influence of social media, sustainable and eco-friendly products, and the stability of the real estate market among other factors.
• The market size is projected to reach $777.81 billion in 2029, growing at a CAGR of 4.4%.
• The growth in the forecast period can be attributed to factors such as integration of smart homes, sustainable and circular design, and the increasing influence of influencers.
What Is Driving The Growth In The Home Decor Market?
The growth of the home decor market is largely driven by the increasing penetration of smartphones and e-commerce platforms. Smartphones facilitate the purchase of home decor products like cushions, curtains, and figurines from various online e-commerce websites. For instance, the U.S. Department of Transportation noted that exports and imports accounted for 11.7% of the tonnage and 20.6% of the value of freight shipments in 2023. These figures are expected to rise, with international trade projected to represent 13.8% of the tonnage and 21.7% of the value of freight moving across the United States by 2050. The increasing penetration of smart devices contributes significantly to the growth of the home decor market.
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Who Are the Key Players Driving Home Decor Market Growth?
Major companies operating in the home decor market include:
• General Electric
• Inter IKEA Systems BV
• Koninklijke Philips N.V.
• Wayfair Inc.
• Mohawk Industries Inc.
• Shaw Industries Group Inc.
• Bed Bath & Beyond Inc.
• IKEA USA
• Ashley Furniture Industries Ltd.
• Rooms To Go
• Herman Miller Inc.
• Crate & Barrel
• Springs Window Fashions LLC
• Suofeiya Home Collection Co. Ltd.
• Pier 1 Imports Inc.
• Forbo Group
• Hanssem Corporation
• Armstrong World Industries Inc.
• Mannington Mills Inc.
• home24
• Kimball International Inc.
• Samson Holding Ltd.
• Duresta Upholstery Ltd.
What Are The Key Trends In The Home Decor Market?
Major trends in the home decor market include:
• Digital transformation and online retail
• Personalization and customization
• Subscription services and rental models
• Multi-functional furniture
• Augmented reality (AR) shopping
What Are The Segments Of The Global Home Decor Market?
The global home decor market is segmented by:
• Product Type: Furniture, Textile, Flooring, Other Products
• Price: Premium, Mass
• Application: Indoor, Outdoor
• Distribution Channel: Super markets And Hypermarkets, Specialty Stores, E-Commerce, Other Distribution Channels
Which Region Leads The Home Decor Market?
North America was the largest region in the home decor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The home decor market report covers Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Home Decor Market Global Market Report?
- Market Size Analysis: Analyze the Home Decor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Home Decor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Home Decor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Home Decor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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