Global Home Décor Market Report 2022: $800 + Billion Market in 2026 – Long Term Forecast to 2031 – ResearchAndMarkets.com

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The global home decor market is expected to grow from $610.65 billion in 2021 to $662.45 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The home decor market is expected to grow to $805.75 billion in 2026, at a compound annual growth rate of 5%.

The home decor market consists of sales of home decor products by entities (institutions, sole dealers, partnerships) that are used to make a home more attractive and visually appealing. Home décor is the placement of physical elements such as furniture accessories, room colors, walls, and ceilings in a decorative way. It can be summed up as carefully placing the décor pieces in a well-organized manner to create a pleasant and user-friendly environment.

The main types of home decor are furniture, textiles, flooring and other products. Furniture is used to describe moving objects that are used to make human life simpler and give comfort to rest and relaxation. Different price ranges include premium, block. They are distributed through supermarkets, hypermarkets, specialty stores, e-commerce, etc., and are used in various application areas that include indoor and outdoor venues.

North America was the largest region in the home décor market in 2021. Asia Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the Home Decoration market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East & Africa.

Home Decoration Market Research Report is one of a series of new reports that provide Home Decoration market statistics, including global Home Decoration industry market size, regional shares, competitors with home Decoration market share, detailed Home Decoration market segments, market trends and opportunities, And any other data you may need to thrive in the home decor industry. This Home Decor Market Research Report offers a complete perspective on everything you need, with an in-depth analysis of the current and future scenario of the industry.

The increasing prevalence of smartphones and e-commerce is expected to drive the growth of the home décor market in the future. The term “smartphone” refers to a portable electronic device that provides a connection to a cellular network and the Internet. Smartphones are useful in purchasing home decor products like wall decor, pillows, curtains, and figurines from various online e-commerce websites.

For example, in October 2021, according to The Economic Times, an Indian business newspaper, India had the highest mobile data consumption in the world at 12 GB per user per month, and the country is adding 25 million new smartphone users every quarter. Also, according to Bankmycell, a mobile price comparison site in the USA, in 2021 there are 6.37 billion (80.76% of the world’s population) smartphone users. Therefore, the increasing prevalence of smart devices contributes to the growth of the home decoration market.

Partnerships and strategic collaborations have emerged as a major trend gaining popularity in the home décor market. Major companies operating in the home decor market focus on strategic partnerships and collaborations to maintain their position in the market. For example, in April 2022, Mitzi, a US-based home décor company, teamed up with Dabito, a designer, photographer, artist, and founder of Old Brand New. Through this collaboration, 12 new Mitzi pieces have been created, from chandeliers to wall sconces, all equal parts gorgeous, contemporary and desirable.

Also, in April 2022, Ruggable, a US-based innovative washable rug company, teamed up with the Keith Haring studio to create a set of 15 chenille rugs and 9 doormats adorned with the late American artist’s iconic stripe drawings. As with all Ruggable products, each rug consists of a quilted base and an easily removable (and machine-washable) top layer.

The countries covered in the Home Decoration market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The major players in the home décor market are:

  • Inter IKEA Systems BV

  • Forbo Group

  • Armstrong World Industries Inc.

  • Mannington Mills Inc.

  • Mohawk Industries Corporation

  • Shaw Industries Group Inc.

  • Hermann Miller Company

  • Ashley Furniture Industry Limited.

  • Kimball International Inc.

  • Duresta Upholstery Ltd.

  • home 24

  • Hansem company

  • Royal Philips NV

  • Conair Corporation

  • Suofeiya Home Collection Co. Ltd.

  • Fashion Window Springs LLC

  • Siemens AG.

  • Zepter International Inc.

  • Samson Holding Ltd.

Main topics covered:

1. Executive Summary

2. Characteristics of the home decor market

3. Home décor market trends and strategies

4. Impact of COVID-19 on home decor

5. Home Decoration Market Size and Growth

5.1 Historic global home décor market, 2016-2021, billion

5.1.1. market drivers

5.1.2. Market Restrictions

5.2 Global Home Decor Market Forecast, 2021-2026F, 2031F, $1 billion

5.2.1. market drivers

5.2.2. market restrictions

6. Home Decoration Market Segmentation

6.1 Global Home Décor Market Segmentation by Product Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $1 Billion

  • furniture

  • Textile

  • flooring

  • other products

6.2 Global Home Décor Market Segmentation by Price, History and Forecast, 2016-2021, 2021-2026F, 2031F, $1 Billion

6.3 Global Home Decor Market, Segmentation by Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $1 Billion

6.4. Global Home Decor Market Segmentation by Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

  • Supermarket and hypermarket

  • Specialty Stores

  • E-Commerce

  • Other distribution channels

7. Regional and Country Home Decoration Market Analysis

7.1. Global home decor market, segmented by region, historical and forecast, 2016-2021, 2021-2026F, 2031F, billion dollars

7.2 Global Home Decor Market, Segmented by Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion

For more information on this report, visit https://www.researchandmarkets.com/r/z3bb7i

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