Home-décor Market Size was valued at USD 619.8 Billion in 2022. The home-décor Market industry is projected to grow from USD 644.5 Billion in 2023 to USD 882.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.00% during the forecast period (2023 - 2032).
In the realm of interior design, Germany is a treasure trove of inspiration, innovation, and impeccable craftsmanship. From sleek modernist aesthetics to timeless traditional motifs, German home decor blends functionality with style to create spaces that are both beautiful and functional. Join us as we delve into the dynamic world of the home decor industry in Germany.
A Tradition of Excellence
With a rich cultural heritage and a legacy of design innovation, Germany has long been synonymous with quality craftsmanship and attention to detail. From the Bauhaus movement of the early 20th century to the contemporary design hubs of Berlin and Munich, German designers and artisans continue to push the boundaries of creativity and craftsmanship in the realm of home decor.
From furniture and lighting to textiles and accessories, German home decor products are renowned for their precision, durability, and timeless appeal. With a focus on quality materials, ergonomic design, and sustainability, German-made home decor items embody the ethos of form meeting function, creating spaces that are both aesthetically pleasing and supremely comfortable.
Key Companies in the home décor Market include
- Forbo Management SA
- Shaw Industries Group, Inc.
- Ashley Furniture Industries
- Mannington Mills, Inc.
- Armstrong World Industries, Inc.
- Mohawk Industries, Inc.
- Millerknoll, Inc.
- IKEA Holding BV.
- Duresta Upholstery Ltd.
- Kimball International Inc.
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, Home-décor Market drivers, growth potential, industry-specific challenges and risks).
- To analyze the concerning individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
Home-décor Industry Developments
March 2023:Wayfair joined hands with various home-décor brands to offer a wider range of products on its platform, including décor and luxury furniture.
June 2023:Overstock purchased Bed Bath & Beyond for $ 21.5 million, and the firm announced that Overstock would rebrand itself as Bed Bath & Beyond. As of right now, users visiting Overstock.com are sent to bedbathandbeyond.com.
June 2022: Home Depot said in a news release that it has added furniture for kids to its online inventory of décor items. The brand, appropriately named StyleWell Kids, debuted exclusively on the Home Depot online on June 2 and provides 'on-trend home décor' for the younger demographic.
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