Home Decor Market Size, Trends, Key Players, Growth and Forecast 2026-2033

IMARC Group has recently released a new research study titled "Home Decor Market Size, Share, Trends and Forecast by Product Type, Distribution Channel, and Region, 2026-2034" which offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.

Market Overview

The global home decor market size reached USD 779.8 Billion in 2025 and is expected to grow to USD 1,104.0 Billion by 2034, registering a CAGR of 3.9% during 2026-2034. This steady growth is driven by an increased focus on health and wellness, rising demand for personalized and aesthetically pleasing interior designs, and the integration of smart technologies into décor products that enhance user experience.

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The home decor market size is expanding consistently due to rising urbanization, increasing disposable incomes, and growing consumer interest in visually appealing and functional living spaces. Products such as furniture, lighting, textiles, wall décor, and decorative accessories play a vital role in enhancing both residential and commercial interiors. The growing influence of social media platforms, home renovation trends, and online retail channels has further accelerated consumer spending in this sector.

Demand is also supported by increasing homeownership rates, renovation activities, and the rise of work-from-home culture, which has encouraged investments in comfortable and stylish interiors. Sustainability has emerged as a key purchasing criterion, prompting manufacturers to innovate using recycled, natural, and ethically sourced materials. Additionally, smart décor solutions and multifunctional designs are gaining strong traction among modern consumers.

Study Assumption Years

• Base Year: 2025

• Historical Years: 2020-2025

• Forecast Period: 2026-2034

Home Decor Market Key Takeaways

• Current Market Size: USD 779.8 Billion (2025)

• CAGR: 3.9%

• Forecast Period: 2026-2034

• Market growth is driven by rising DIY trends and

increasing demand for space-saving solutions.

• Technological innovations such as AR and VR-based product visualization support market expansion.

• North America dominates the market, while Asia Pacific is emerging rapidly due to eco-conscious product demand.

• Sustainability initiatives by key players emphasize eco-friendly materials and responsible manufacturing practices.

Home Decor Market Growth Factors

The home decor market experiences its primary growth from expanding demand for space-saving multifunctional products which people need in urban environments that have smaller residential areas. The rising popularity of do-it-yourself (DIY) projects enables consumers to design their own home spaces which increases their need for adaptable decorative items that provide both visual appeal and practical use.

The market growth receives support from technological progress which creates new opportunities for expansion. The use of augmented reality (AR) and virtual reality (VR) technologies enables customers to see how décor items will look in their homes before making a purchase, which increases their purchasing confidence while decreasing product returns. Consumers now prefer smart home technologies which include smart lighting systems, voice-activated products and automated decorative elements because these systems offer both operational ease and energy savings and user-definable options.

North America dominates the home decor market because its people have a strong home improvement tradition and its retail system includes established stores which customers can access through multiple online channels. The Asia Pacific region experiences fast development because rising income levels and increased internet access and consumer preference for sustainable and ethically sourced décor products are driving market growth. These dynamics present significant opportunities for manufacturers and retailers who concentrate on creating innovative products while implementing sustainable practices and delivering customized solutions.

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Home Decor Market Segmentation

Breakup by Product Type:

• Home Furniture: Represents the largest segment, including sofas, chairs, tables, beds, and cabinets, combining functionality with aesthetics.

• Home Textiles: Includes curtains, drapes, bedding, cushions, rugs, and towels, enhancing comfort and visual appeal.

• Flooring: Covers hardwood, tiles, carpets, laminate, and vinyl flooring, playing a key role in defining interior style.

• Wall Decor: Encompasses artwork, mirrors, wall clocks, decals, and wallpaper for personalization and focal design.

• Lighting: Includes chandeliers, pendant lights, floor lamps, table lamps, and LED lighting for functional and ambient purposes.

• Others: Additional home décor products not specifically categorized.

Breakup by Distribution Channel:

• Home Decor Stores: Dedicated retail outlets offering wide product selections and expert guidance.

• Supermarkets and Hypermarkets: Provide convenient access with limited but budget-friendly décor options.

• Online Store: E-commerce platforms offering extensive product variety, convenience, and customer reviews.

• Gift Shops: Specialized outlets focusing on unique, artisanal, and handcrafted décor products.

• Others: Additional distribution channels contributing to market reach.

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Regional Insights

North America dominates the home decor market, holding the largest share due to strong consumer interest in home improvement and aesthetically appealing interiors. The region benefits from advanced e-commerce platforms and a wide range of décor options. Asia Pacific is emerging as a fast-growing region, supported by rising incomes, rich artisanal traditions, and increasing demand for sustainable and eco-friendly décor products.

Recent Developments & News

• July 20, 2022: Inter IKEA Systems B.V. opened its third store in Mumbai at R CITY, Ghatkopar (W), enhancing accessibility in India.

• August 21, 2023: Herman Miller Inc. introduced the Fuld nesting chair designed by Stefan Diez, targeting flexible workspace solutions.

• March 2021: Ashley Furniture Industries Inc. announced plans for a new 1.7 million-square-foot manufacturing facility near Pottsville, PA.

Key Players

• Ashley Global Retail, LLC
• Duresta Upholstery Limited
• Forbo Holding AG
• Hanssem Co. Ltd.
• Herman Miller, Inc.
• Inter IKEA Systems B.V.
• Kimball International Inc. (HNI Corporation)
• Mannington Mills, Inc.
• Mohawk Industries Inc.
• Samson Holding Ltd
• Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
• Signify Holding
• Sophia Home
• Springs Window Fashions
• Suofeiya Home Collection Co., Ltd.

Competitive Landscape

The market research report covers a comprehensive competitive landscape analysis including market structure, key player positioning, winning strategies, competitive dashboards, and company evaluation quadrants. Detailed profiles of all major companies have been provided.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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