Home Decor Market Expansion Continues, with Forecast Valuation of $779.46 Billion by 2029

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Home Decor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the size of the home decor market has seen a slight increase. It is projected to expand from $644.93 billion in 2024 to $654.84 billion in 2025, with a compound annual growth rate (CAGR) of 1.5%. The historic period's expansion is credited to factors such as the impact of social media, the popularity of sustainable and eco-friendly products, the globalization of design, stability in the real estate market, and home improvement shows.

Home Decor Market Size Forecast: What's the Projected Valuation by 2029?
In the ensuing years, the home decor market size is projected to experience consistent growth. By 2029, it is expected to expand to a value of $779.46 billion, with a compounding annual growth rate (CAGR) of 4.5%. The projection of rise during this period is largely driven by factors such as the integration of smart home technology, wellness and biophilic design, sustainability and circular design, influencer impact, and a global cultural fusion. Significant trends for the forecast period include digital transformation and e-commerce, personalized and tailor-made solutions, subscription-based services and rental models, versatile furniture, and augmented reality shopping.

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What Are the Drivers Transforming the Home Decor Market?
A rise in the use of smartphones and online shopping platforms is predicted to drive the growth of the home decor market. A smartphone is a hand-held electronic device that provides connectivity to cell networks and the internet. These devices prove useful for purchasing home decor products like wall decorations, cushions, curtains, and figurines via various e-commerce platforms. As an example, the U.S. Department of Transportation, a government agency in the United States, reported in December 2023 that imports and exports accounted for 11.7 percent of the tonnage and 20.6 percent of the value of freight shipments. These numbers are anticipated to increase, with international trade projected to constitute 13.8 percent of the tonnage and 21.7 percent of the total value of freight transported across the USA by 2050. Consequently, the expanding use of smart devices is fueling the growth of the home decor market.

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What Trends Will Shape the Home Decor Market Through 2029 and Beyond?
The rise of strategic alliances and partnerships is a notable trend in the home decor market. Top firms in this sector are increasingly leaning towards collaborations to maintain their market standing. For example, in April 2022, the American home decor firm Mitzi partnered with Dabito, the founder of Old Brand New, who is also a reputable designer, photographer, and artist. This alliance resulted in the creation of 12 unique Mitzi pieces ranging from chandeliers to wall sconces, all of which possess a distinct blend of modernity, style, and desirability. In the same vein, Ruggable, an American company known for its innovative washable rugs, joined forces with Keith Haring Studio in April 2022. This collaboration resulted in a set of 15 chenille rugs and 9 doormats adorned with the renowned line drawings of the late American artist. True to Ruggable's standard, each rug features a cushioned base and a detachable, machine washable top layer.

Which Segments in the Home Decor Market Offer the Most Profit Potential?
The home decor market covered in this report is segmented -

1) By Product Type: Furniture, Textile, Flooring, Other Products
2) By Price: Premium, Mass
3) By Application: Indoor, Outdoor
4) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, E-Commerce, Other Distribution Channels

Subsegments:
1) By Furniture: Living Room Furniture (Sofas, Chairs, Coffee Tables), Bedroom Furniture (Beds, Nightstands, Dressers), Dining Room Furniture (Tables, Chairs, Cabinets), Office Furniture (Desks, Chairs, Bookcases), Outdoor Furniture (Patio Sets, Loungers)
2) By Textile: Curtains And Drapes, Cushions And Throws, Rugs And Carpets, Table Linens (Tablecloths, Runners), Bed Linens (Sheets, Duvet Covers)
3) By Flooring: Hardwood Flooring, Laminate Flooring, Vinyl Flooring, Carpeting, Tiles
4) By Other Products: Wall Art (Paintings, Prints, Mirrors), Decorative Accessories (Vases, Sculptures, Candles), Lighting Fixtures (Lamps, Chandeliers, Wall Sconces), Storage Solutions (Baskets, Shelves, Organizers), Home Fragrances (Candles, Diffusers, Air Fresheners)

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Which Firms Dominate the Home Decor Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in 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 regions covered in the home decor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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