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 Home Decor market report includes New recent developments, trade rules, import-export assessment, business model, value chain optimization, market share, the impact of domestic and localized market participants, evaluates opportunity in terms of emerging income pockets, shifts in market restrictions, tactical market growth analysis, sales volume, segment’s market growths, application niches and dominance, product approvals, product releases, geographic regions, etc..
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Home Decor Market Scope:
A competitor’s information is provided in the highly competitive environment for the Home Decor market. The information includes a business overview, financials, revenue generated, market potential, research and development investment, new market efforts, geographical presence, firm advantages and disadvantages, product introduction, and application dominance. The information shown above is only related to the businesses’ focus on the Home Decor industry.
Home Decor Market Drivers:
The development of the global real estate & commercial construction industry is one of the important influences driving the development of the online home decor market. The other major factor contributing to online home decor sales is the growing number of renovation & modification projects. Factors like the rising tech-savvy population, growing internet penetration, & the development of the organized online retail sector have encouraged residents to order home furnishing items online. Moreover, the availability of numerous online home decor vendors, with wide product offerings, is providing consumers with a wide range of furniture & furnishings to choose from. As a result, the online home decor market development should be enormous during the forecast period.
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Home Decor Market Segmentation:
by Product Type
Furniture
Home Textile
Floor Covering
by Price
Premium
Mass
by Income Group
LOWER-MIDDLE INCOME
UPPER-MIDDLE INCOME
HIGHER INCOME
by Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
E-commerce
Others
Home Decor Market Key Players:
The major players covered in the Home Decor market report are
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:
The causes for the global Home Decor market’s rise, and the industry’s numerous users, are explored. Market participants, geographies, and special requirements all give data. This study proposal is ready for the market and offers a full evaluation of all important advancements that are now prevalent in all market sectors. Statistics, infographics, and demonstrations have been used to provide key data analysis.
COVID-19 Impact Analysis on Home Decor Market:
The COVID-19 pandemic resulted in a severe and prolonged decline in production utilization, while travel bans and facility closures kept people away from their facilities, leading the Home Decor market to slow in 2020. The new research features COVID 19’s impact on the Home Decor market, as well as insights, analysis, estimations, and projections.
Key Questions Answered in the Home Decor Market Report are:
- Which segment was responsible for the largest share in the Home Decor market?
- How was the competitive scenario of the Home Decor market in 2020?
- Which are the key factors responsible for the Home Decor market growth?
- Which region held the maximum share in the Home Decor market in 2020?
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