Global Home Decor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global Home Decor market in its upcoming report titled, “Global Home Decor Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global Home Decor market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global Home Decor market report has been segmented on the basis of product type and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Home decor products enhance the aesthetic appeal of the house which includes paintings, frames, posters, wall mirrors, furniture, and many more. Increasing purchasing power, easier and wider availability of home decor products and designs for consumers are some of the factors encouraging consumers to spend more on designer furniture, floor coverings, and textiles. Additionally, rise of the online products of furniture and other items used for home decor are available at a discounted price and have become more affordable, this factor plays as important role for growth of the target market.
Rising R&D activities and development of eco-friendly products, which are expected to boost the market growth over the forecast years. Additionally, favorable government regulations and initiatives to propel infrastructure growth and increasing spending on renovation activities are expected to fuel growth of the global market. Recent trend shows that people are focusing towards eco-friendly furnishings. Companies such as Greenington LLC and Palecek are involved in the production of eco-friendly furniture. Increasing awareness for harmful effects of deforestation on the climate and the air inside homes have led many furniture manufacturers to go green. Rising consciousness of a healthy environment has increased demand for eco-friendly furniture and other furnishings. In addition, improving lifestyle and an increase in disposable incomes is also encouraging growth of the home decor market. However, fluctuating raw material prices is limiting growth of the global market.
The market in Asia Pacific is projected to register fastest growth in terms of revenue during the forecast period. Emerging markets such as India, China and Brazil has witnessed a considerable growth in the recent years due to increase in real estate industry, urbanization coupled with lifestyle changes. Rise in construction of new buildings and inclining towards creative interior designing are some factors sfueling growth in these region. Moreover, consumer’s preference for online platforms for buying furniture, owing to availability of a wide array of home decor products offering growth opportunities for the market. In addition, increasing disposable income and improving life style are other important factors spurring the market growth in the region.
Global Home Decor Market Segmentation:
By Product type:
- Home textile
- Floor covering
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Kimball International
- Herman Miller
- Ashley Furniture Industries, Inc.
- Armstrong World Industries, Inc.
- Mannington Mills Inc.
- Mohawk Industries Inc.
- Shaw Industries, Herman Miller Inc.
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