The IMARC Group provides extensive analysis of the home décor industry covering the market trends, investment opportunities, growth trends, statistics, and industry prospects. The report offers a comprehensive analysis of the industry, which comprises insights on home décor market size, share, trends, analysis, growth, demand, statistics, and overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report. The market is segmented by size and region. The report provides an analysis of the key trends in each sub-segment of the market, along with forecasts at the global and regional level from 2022-2027. The report also includes competitive landscape of major key players in the industry along with emerging trends in the market.
Informed covered in the report:
- Historical market data from 2016-2021
- CAGR of the market during the forecast period 2022-2027
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Keyword market size and its contribution to the parent market
- Upcoming market trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on key players
- Comprehensive details of factors that will challenge the growth of smart meters market key players
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The global home décor market reached a value of US$ 682 Billion in 2021. Home décor involves a variety of products used in the decoration of an apartment or a house. It primarily includes household furniture, textiles, lamps, floor coverings, pots, candles, artifacts, furnishing items, etc. Home décor is an effective way of portraying the lifestyle that a consumer believes in and keeps the home more attractive and organized.
Home Décor Market Trends:
Rapid urbanization, along with the inflating income levels of consumers, is primarily driving the growth of the home décor market. Furthermore, the expanding construction and real estate industries have resulted in an increased number of new households being set up, which in turn is creating a positive impact on the demand for home décor products. Besides this, with the growing concerns towards the environment, the manufacturers are developing eco-friendly products for reducing carbon emissions. They are also partnering with interior designers to offer a broad range of customized home décor items to consumers. Moreover, the increasing adoption of online retail channels by several brick-and-mortar home décor stores to expand their consumer base is expected to further bolster the market growth in the coming years. Looking forward, IMARC Group expects the home décor market to reach US$ 898.3 Billion by 2027, exhibiting at a CAGR of 4.8% during 2022-2027.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global home decor market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and distribution channel.
Breakup by Product Type:
- Home Furniture
- Home Textiles
- Flooring
- Wall Decor
- Lighting
- Others
Based on product types, the market has been classified into home furniture, home textiles, flooring, wall decor, lighting and others. The report finds that home furniture is currently one of the most popular type of home decor products as it offers utility and aesthetic value to the homes.
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Home Decor Stores
- Gift Shops
- Direct to Consumer
- Online Stores
- Others
Based on the distribution channel, the market has been segmented into home décor stores, supermarkets and hypermarkets, online store, gift shops and others.
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Region-wise, North America represents the largest market for home decor products worldwide, owing to the construction of new buildings in the region. Other major regions include Europe, Asia Pacific, Latin America, and Middle East and Africa.
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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