Home Decor Market size was valued at US$ 691.58 Bn in 2022 and the total revenue is expected to grow at a CAGR of 3.9% through 2023 to 2029, reaching nearly US$ 903.97 Bn.
Home Decor Market Overview:
The Maximize Market Research report analyses the global Home Decor Market in depth, precisely, and comprehensively, with a focus on market dynamics, market competition, regional growth, segment analysis, and important growth strategies. The analysis contains information on market growth as well as market segmentation like regions, product type, application, and end-use industry. Analyst creates comprehensive and precise marketing research reports using the most up-to-date Home Decor Market research techniques and technology. This analysis covers a wide range of industry verticals along with a thorough examination of the Home Decor market size and share.
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Home Decor Market Scope:
The report goes over demand estimates, market trends, and micro and macro variables in great detail. This study also highlights the elements that are driving and impeding the market’s growth. The MMR Matrix in the study gives information on prospective investment opportunities to both existing and new market participants. To provide market insights, the research use analytical approaches such as Porter’s five forces analysis and PESTLE of the Home Decor market. The research also looks at current market trends and forecasts for the years 2021-2027. The study also uncovered important impending advancements that would have an impact on demand over the anticipated timeframe.
Home Decor Market Segmentation:
The market is divided into three segments based on the kind of product: furniture, home textiles, and floor coverings. By 2029, the furniture segment is anticipated to have the most market shares, with x%. The growing demand for wooden furniture because of its superior quality and look has propelled the segment’s growth. Moreover, the growing popularity of modular wardrobes and kitchens can be attributed in large part to the impact of Western society. The growing trend of adopting eco-friendly products has led to an increase in the use of eco-friendly things in many parts of the house, including the bathroom, bedroom, outdoor space, and so on. Pinewood has become more popular as an ingredient in furniture, along with other raw materials like metal, plastic, glass, and leather.
The market is divided into Supermarkets & Hypermarkets, Specialty Stores, E-Commerce, and Others based on the Distribution Channel. Over the projection period, the Specialty Stores segment is anticipated to increase at a CAGR of xx%. Due to increased external competition, the specialty stores business has seen increasing concentration in recent years, but the little specialized retail stores industry has low market share concentration. During the forecast period of 2022-2029, these are the main factors that would propel the expansion of this category in the global home decor market.
Home Decor Market Size and Forecast, by Product Type (2022-2029)
1. Furniture
2. Home Textile
3. Floor Covering
Home Decor Market Size and Forecast, by Price (2022-2029)
1. Premium
2. Mass
Home Decor Market Size and Forecast, by Income Group (2022-2029)
3. LOWER-MIDDLE INCOME
3. UPPER-MIDDLE INCOME
3. HIGHER INCOME
Home Decor Market Size and Forecast, by Distribution Channel (2022-2029)
1. Supermarkets & Hypermarkets
2. Specialty Stores
3. E-commerce
4. Others
Home Decor Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Home Decor Market Key Players
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
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Regional Analysis:
Readers will be well-informed on the Home Decor market on a regional level thanks to the reports’ regional insights. A meaningful assessment of potential policy options in response market changes across the globe, requires a thorough understanding of local energy, economic, political, and geographic characteristics. The research provides readers with regional insights that ensure the effects on Home Decor market and local growth prospects, as well as domestic area restraints.
- Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
- Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
- North America (the United States, Mexico, and Canada.)
- South America (Brazil etc.)
- The Middle East and Africa (GCC Countries and Egypt.)
COVID-19 Impact Analysis on Home Decor Market:
The impact of COVID-19 on the Home Decor market is exhaustively examined in the research. As a result of the COVID-19 pandemic, analyst at Maximize Market Research, who are following the situation across the globe, believe that the market is expected to provide profitable opportunities for producers. The report’s purpose is to provide a more comprehensive view of the current situation, the economic downturn, and the influence of COVID-19 on the whole Home Decor market.
Key Questions Answered:
- This report presents analytical depiction of the global Home Decor market trade at the side of these trends and future estimations to work out the upcoming investment pockets.
- The report presents information associated with key drivers, restraints, and opportunities at the side of elaborated analysis of the Home Decor market share.
- The current market is quantitatively analysed from 2021 to 2027 to spotlight the world Home Decor market growth.
- Porter’s 5 forces analysis demonstrates the efficiency of consumers & suppliers within the market.
- Who Are the Global Key Players in This Home Decor Market? What are their Company Profile, Their Product Information, and Contact Information?
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