Home décor market is witnessing a robust growth all over the world. Items like furniture, floor covering and textiles are important components of home décor. Due to the rapid growth of the real estate industry the home décor market is growing at a steady pace. Also, factors such as globalization have facilitated the easier and variety of choices in home décor products and designs for the consumers. In addition, a trend of using eco-friendly products that have a low key impact on the environment has also boosted the growth of the home décor market.
Moreover, a dazzling growth of the online retail segment for buying things like furniture where such home décor products are available at a discounted or affordable prices have also spurred market growth. In addition, improving lifestyle and an increase in the disposable incomes is also encouraging the growth of the home décor market. However, increasing cost of raw materials such as wood and leather is limiting the growth of this market.
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Home décor consists of the decoration of a liveable interior where layout and furnishings of a space are enhanced using ornamentation and beautification. Items like household furniture, furnishings for home and other decorative items like lamps, clay pots, artefacts and candles etc. are used for home décor.
This Future Market Insights report on the global home decor market forecasts that the global home decor market will touch a value of nearly US$ 855,680 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
The global home decor market is slated to touch a value of nearly US$ 855,680 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
4 Forecast Highlights on Global Home Decor Market
- As per the forecast of Future Market Insights, the rugs segment is slated to touch a value of nearly US$ 155,460 Mn in the year 2022. This represents a robust CAGR growth during the assessment period of 2017-2022. The rugs segment is estimated to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.
- As per the forecast of Future Market Insights, the direct to consumer segment will reach a value of nearly US$ 127,733 Mn in the year 2017. This represents a robust CAGR growth during the forecast period. The direct to consumer segment is estimated to account for more than one-fifth of the revenue share of the distribution channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.
- As per the forecast of Future Market Insights, the indoor segment is slated to reach a value of nearly US$ 560,205 Mn in 2022. The indoor segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the APEJ region in the indoor segment.
- Future Market Insights forecasts the China home décor market to grow from US$ 79,955 Mn in 2017 to US$ 109,434 Mn in 2022. This represents a compound annual growth rate (CAGR) of 6.5% from 2017 to 2022.
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Major Key Player:
The report has also profiled leading players in the global market for home decor, which will remain active through 2022. The report also profiles companies that are expected to remain active in the expansion of global home decor market through 2022, which include Inter Ikea Systems B.V, Koninklijke Philips N.V., Suofeiya Home Collection Co., Ltd., Springs Window Fashions LLC, Zepter International Inc., Conair Corporation, Siemens AG, Hanssem Co., Ltd., Samson Holding Ltd. and The Oneida Group, Inc.
By Segment:
Product Type
- Home Furniture
- Rugs
- Bath Textiles
- Bed Textiles
- Kitchen and Dining Textiles Tiles
- Wood & Laminate Flooring
- Vinyl & Rubber Flooring
- Lighting
- Other Products
Distribution Channel
- Retail Stores
- Direct to Consumer
- Manufacturer Stores
- E-commerce Stores
- Discount stores
- Rental Stores
- Club Stores
- DIY Stores
Application
- Indoor
- Outdoor
- Other Applications
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
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The market in APEJ is set to dominate the global home decor market in terms of value and this trend is projected to sustain itself throughout the assessment period. APEJ Home decor market is the most attractive market, growing at a robust CAGR over the assessment period.