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 competitive landscape separates information by a competitor. The facts include a corporate overview, financials, revenue generated, market potential, investment in research and development, new market efforts, geographical presence, firm strengths and weaknesses, product introduction, product width and breadth, and application dominance. The preceding data points are solely relevant to the businesses' concentrate on the Home Decor market.
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Home Decor Market Scope:
This Home Decor market research covers latest developments, trade restrictions, import-export analysis, production analysis, value chain optimization, market share, the influence of domestic and localised market players, and other topics.
The report comprehensively analyzes the global Home Decor Market, encompassing trends, forecasts, and monetary values. It details segments and sub-segments in both global and regional Home Decor Markets, utilizing a bottom-up approach for precise market sizing. The report offers comprehensive insights on key market players and newcomers, encompassing services, revenue, financial status, growth strategies, and regional presence. It also projects market size, growth rate, and spotlights current and future trends within the Home Decor Market.
Furthermore, the report delves into an in-depth analysis of demand projections, market trends, and micro and macro factors influencing the Home Decor Market. It identifies drivers and constraints impacting market growth. Utilizing qualitative and quantitative research methods, the report employs tools such as SWOT, PESTLE, and Porter’s Five Forces analyses, enabling a thorough grasp of market dynamics. It also provides insights into key upcoming developments that will shape the demand for Automotive Leaf Spring in the foreseeable future.
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.
When the Covid-19 lockdown was 1st announced in March 2021, not many of people were sure about what really lay ahead. Now, even at the end of year 2021, a lot of people are still counting days to be able to lastly step out of the home to go to the office, hang out with friends & to travel, leaving behind their anxieties & worries about being infected. But in these last9-10 months, People have reoriented their way of living around the 4 walls of their homes. They have learned to connect with the society over the virtual medium, to cook & clean, & to WFH on a daily basis. And while doing so, many people have naturally channelled their energies into livening up their surrounds, leading to growing interest in reforming their homes.
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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 key players 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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Home Decor Market Regional Analysis:
The geographical section of the research also includes individual market influencing variables and changes in market regulations that affect current and future market trends. Data points such as value chain analysis, technology trends, porter's five forces analysis, pestle analysis, and case studies are only a few of the indicators used to forecast the market scenario for various countries.
COVID-19 Impact Analysis on Home Decor Market: The impact of the COVID-19 pandemic on the Home Decor market has also been included in the research.
Key Questions Answered in the Home Decor Market Report are:
- Which segment grabbed the largest share in the Home Decor market in 2020?
- How is the competitive landscape of the Home Decor market?
- Which are the key factors aiding the Home Decor market growth in the forecast period (2021-2027)?
- Which region held the maximum share in the Home Decor market in 2020?
- What will be the CAGR of the Home Decor market during the forecast period (2021-2027)?
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