According to IMARC Group’s latest report, titled “Home Decor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global market reached a value of US$ 682 Billion in 2021. Home decor 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.
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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 decor 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 decor 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.
Breakup by Product Type:
- Home Furniture
- Home Textiles
- Wall Decor
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Home Decor Stores
- Gift Shops
- Direct to Consumer
- Online Stores
Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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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.
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