Global Home Decor Market 2024-2028
The home decor market is forecasted to grow by USD 326.66 mn during 2023-2028, accelerating at a CAGR of 7.34% during the forecast period. The report on the home decor market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rising disposable income among global consumers, ongoing evolution of consumer lifestyles, and rising popularity of blogs related to interior designing.
Technavio's home decor market is segmented as below:
- By Product
- Furniture
- Floor coverings
- Others
- By Distribution Channel
- Offline
- Online
- By Geography
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the growing demand for eco-friendly home decor items as one of the prime reasons driving the home decor market growth during the next few years. Also, enhancement of consumer experience through technologies and growing demand for multifunctional and modular furniture will lead to sizable demand in the market.
The report on the home decor market covers the following areas:
- Home decor market sizing
- Home decor market forecast
- Home decor market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading home decor market vendors that include Armstrong World Industries Inc., Ashley Global Retail LLC, Bansal Handicrafts, Berkshire Hathaway Inc., Crate and Barrel, Duresta Upholstery Ltd., Home Decor International, Home24 SE, Inter IKEA Holding BV, Mannington Mills Inc., MillerKnoll Inc., Mohawk Industries Inc., Overstock Inc., Rhysley Group., Springs Window Fashions LLC, The Home Depot Inc., Tianjin U LIKE Intl Co. Ltd, Vetaas Nature., Wayfair Inc., and KRAPHY. Also, the home decor market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.