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In 2023, the global market for home decor was valued at $616.16 billion, and it is projected to grow to $838.16 billion by 2030, a CAGR of 4.9%. In 2019, floor coverings generated a sizable share of the global home decor market's total revenue, and this share is anticipated to increase at a CAGR of 5.0% over the course of the forecast year.
Decorating a home is the practice of enhancing its visual appeal and enhancing its practicality for its inhabitants. Floor coverings including tiles, wood & laminate, vinyl & rubber, carpets & rugs, and others are all part of the wide range of home design products available. Machine techniques and handcrafting both allow for adaptation of furniture designs. Consumer demand for home design products is expected to grow steadily in growing markets like China, Brazil, and India. Adoption has been most rapid in developed nations like the United States, Canada, and Germany.
The global market is expanding because of rising customer interest in interior design and home improvement. DIY home design is a growing trend, and increased consumer spending combined with shifting tastes and preferences is fueling the sector. As more and more people seek to express their individuality by way of do-it-yourself projects, the demand for home decor items has skyrocketed. Concerns about the environment have led consumers to seek out eco-friendly alternatives while decorating their homes. However, the purchase of a new dwelling also stimulates refurbishment efforts, which in turn boosts the expansion of the home furnishings sector.
Demand in the market will be pushed upward by the growing interest in upholstered furniture, home furnishings, and architectural elements. Consumers' penchant for showy furnishings and flooring, especially those made of wood, help drive demand for the commodity. Demand for home décor products is expected to increase throughout the forecast period, in part due to the growing popularity of eco-friendly products. The result is a rise in interest in novel home decoration items made from a wide variety of materials.
The rapid urbanization of society has shifted consumer tastes toward urban lifestyles, fueling the expansion of the industry. Adjusting to a new way of life requires strategically placing furniture and other premium furnishings. The United Nations estimates that 55.0% of the world's population resides in metropolitan areas. This growth rate boosts the case for home decor purchases over the anticipated time frame. It is also expected that the real estate market would expand, which will help fuel the home furnishings sector.
As the middle class in developing countries expands, so does the need for home furnishings. A major driver of the international home decor market is the increasing preference for environmentally friendly items among customers. The growth of the market is also supported by rising consumer disposable income in both developed and developing nations. Aggressive marketing campaigns and celebrity endorsements have also played key roles in expanding the global market. The market may expand even further if not for the prevalence of low-quality and counterfeit items and the volatility in the cost of key inputs. On the other hand, the home decor business is expected to benefit from the uptick in demand for trendy and one-of-a-kind furnishings.
As a result of globalization, consumers now have access to a larger market, meaning more products are readily available through more avenues of distribution. The expansion of the interior design market has also enabled the production of high-end, aesthetically pleasing home furnishings. The spiritual and visual satisfaction provided by these high-end items contributes to the overall sophistication of the home's inhabitants. Wooden or marble flooring, stylish lighting, and eco-friendly furniture are just few of the many home décor items that have seen a surge in popularity as consumers opt to renovate their homes more frequently.
In addition, the convenience of purchasing home decor items from the comfort of one's own couch has contributed to the rise in popularity of shopping for these items online. Availability and convenience have also contributed to the expansion of the home furnishings sector. However, these items typically come at higher price points, making them out of reach for many shoppers. Moreover, rising raw material prices for common manufacturing components like wood and leather are stifling industry expansion.
Report Coverage
Global Home Decor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Home Decor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Home Decor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Home Decor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Home Decor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Home Decor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Armstrong World Industries, Inc., Shaw Industries Group, Inc., Herman Miller Inc., Inter IKEA Systems BV, Kimball International, Mannington Mills Inc., Ashley Furniture Industries Ltd., Mohawk Industries Inc., Forbo International SA, Duresta Upholstery Ltd, Bed Bath & Beyond, Wayfair, Williams-Sonoma, Inc., Home Depot, Lowe's, Target, Amazon, Pier 1 Imports, Pottery Barn, West Elm, Crate & Barrel, Ashley Furniture Industries, Ethan Allen Interiors, Sherwin-Williams, Benjamin Moore & Co., J.C. Penney, Kirkland's, HomeGoods.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Home Decor market based on the below-mentioned segments:
Global Home Decor Market, By Type
Home textile
Floor covering
Floor covering
Global Home Decor market, By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
E-commerce
Others
Global Home Decor Market, By Income Group
LOWER-MIDDLE INCOME
UPPER-MIDDLE INCOME
HIGHER INCOME
Global Home Decor market, Regional Analysis
Decorating a home is the practice of enhancing its visual appeal and enhancing its practicality for its inhabitants. Floor coverings including tiles, wood & laminate, vinyl & rubber, carpets & rugs, and others are all part of the wide range of home design products available. Machine techniques and handcrafting both allow for adaptation of furniture designs. Consumer demand for home design products is expected to grow steadily in growing markets like China, Brazil, and India. Adoption has been most rapid in developed nations like the United States, Canada, and Germany.
The global market is expanding because of rising customer interest in interior design and home improvement. DIY home design is a growing trend, and increased consumer spending combined with shifting tastes and preferences is fueling the sector. As more and more people seek to express their individuality by way of do-it-yourself projects, the demand for home decor items has skyrocketed. Concerns about the environment have led consumers to seek out eco-friendly alternatives while decorating their homes. However, the purchase of a new dwelling also stimulates refurbishment efforts, which in turn boosts the expansion of the home furnishings sector.
Demand in the market will be pushed upward by the growing interest in upholstered furniture, home furnishings, and architectural elements. Consumers' penchant for showy furnishings and flooring, especially those made of wood, help drive demand for the commodity. Demand for home décor products is expected to increase throughout the forecast period, in part due to the growing popularity of eco-friendly products. The result is a rise in interest in novel home decoration items made from a wide variety of materials.
The rapid urbanization of society has shifted consumer tastes toward urban lifestyles, fueling the expansion of the industry. Adjusting to a new way of life requires strategically placing furniture and other premium furnishings. The United Nations estimates that 55.0% of the world's population resides in metropolitan areas. This growth rate boosts the case for home decor purchases over the anticipated time frame. It is also expected that the real estate market would expand, which will help fuel the home furnishings sector.
As the middle class in developing countries expands, so does the need for home furnishings. A major driver of the international home decor market is the increasing preference for environmentally friendly items among customers. The growth of the market is also supported by rising consumer disposable income in both developed and developing nations. Aggressive marketing campaigns and celebrity endorsements have also played key roles in expanding the global market. The market may expand even further if not for the prevalence of low-quality and counterfeit items and the volatility in the cost of key inputs. On the other hand, the home decor business is expected to benefit from the uptick in demand for trendy and one-of-a-kind furnishings.
As a result of globalization, consumers now have access to a larger market, meaning more products are readily available through more avenues of distribution. The expansion of the interior design market has also enabled the production of high-end, aesthetically pleasing home furnishings. The spiritual and visual satisfaction provided by these high-end items contributes to the overall sophistication of the home's inhabitants. Wooden or marble flooring, stylish lighting, and eco-friendly furniture are just few of the many home décor items that have seen a surge in popularity as consumers opt to renovate their homes more frequently.
In addition, the convenience of purchasing home decor items from the comfort of one's own couch has contributed to the rise in popularity of shopping for these items online. Availability and convenience have also contributed to the expansion of the home furnishings sector. However, these items typically come at higher price points, making them out of reach for many shoppers. Moreover, rising raw material prices for common manufacturing components like wood and leather are stifling industry expansion.
Report Coverage
Global Home Decor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Home Decor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Home Decor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Home Decor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Armstrong World Industries, Inc., Shaw Industries Group, Inc., Herman Miller Inc., Inter IKEA Systems BV, Kimball International, Mannington Mills Inc., Ashley Furniture Industries Ltd., Mohawk Industries Inc., Forbo International SA, Duresta Upholstery Ltd, Bed Bath & Beyond, Wayfair, Williams-Sonoma, Inc., Home Depot, Lowe's, Target, Amazon, Pier 1 Imports, Pottery Barn, West Elm, Crate & Barrel, Ashley Furniture Industries, Ethan Allen Interiors, Sherwin-Williams, Benjamin Moore & Co., J.C. Penney, Kirkland's, HomeGoods. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Home Decor Market from 2021 to 2030.
- Market Forecast for Home Decor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Home Decor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Home Decor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Home Decor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Home Decor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Armstrong World Industries, Inc., Shaw Industries Group, Inc., Herman Miller Inc., Inter IKEA Systems BV, Kimball International, Mannington Mills Inc., Ashley Furniture Industries Ltd., Mohawk Industries Inc., Forbo International SA, Duresta Upholstery Ltd, Bed Bath & Beyond, Wayfair, Williams-Sonoma, Inc., Home Depot, Lowe's, Target, Amazon, Pier 1 Imports, Pottery Barn, West Elm, Crate & Barrel, Ashley Furniture Industries, Ethan Allen Interiors, Sherwin-Williams, Benjamin Moore & Co., J.C. Penney, Kirkland's, HomeGoods.
Primary Target Market
- Market Players of Home Decor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Home Decor market based on the below-mentioned segments:
Global Home Decor Market, By Type
Home textile
Floor covering
Floor covering
Global Home Decor market, By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
E-commerce
Others
Global Home Decor Market, By Income Group
LOWER-MIDDLE INCOME
UPPER-MIDDLE INCOME
HIGHER INCOME
Global Home Decor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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Through INFINITIVE Data Expert is a professional Market Research services, I will identify the home decor market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.