Market Overview:
The global home decor market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for home furniture, rugs, bath textiles, bed textiles, kitchen and dining textiles, tiles, wood & laminate flooring vinyl & rubber flooring lighting and others across the globe. Additionally, rising disposable income of consumers coupled with growing urbanization are some other factors that are expected to fuel the growth of this market in the coming years. On the basis of type, the global home decor market is segmented into home furniture rugs bath textiles bed textiles kitchen and dining textiles tiles wood & laminate flooring vinyl & rubber flooring lighting and others. Among these segments, Home Furniture held a dominant position in 2017 and is projected to maintain its dominance throughout the forecast period as well. This can be attributed to increasing demand for stylish yet functional furniture among consumers across different regions globally.
Product Definition:
Home decor is a term used to describe the objects and accessories that make a house feel like a home. Home decor can include furniture, art, rugs, curtains, plants and other items. The purpose of home decor is to create an environment that reflects the personal style and interests of the people who live in the house. Home decor is important because it can help to create a comfortable and inviting environment for residents and guests.
Home Furniture:
Home furniture is the movable or static personal property which includes beds, sofas, chairs and tables used for living purposes. It also includes storage devices like dressers, chest of drawers and shelves. Home furniture is generally designed to serve the purpose of comfort i.e., it should be both efficient and attractive in its functioning as well as appearance so that it can complement the room in which it stands.
Rugs:
Rugs are floor covering, which is generally used to protect the floor from scratches and scuffs. It also serves as an attractive addition to home décor. The global market for rugs and its usage in home decor is driven by factors such as changing trends in interior decoration, growth of the real estate industry, rise in consumer disposable income levels and inclination towards luxury lifestyle along with increasing demand for eco-friendly products made from natural fibers like wool & cotton.
Application Insights:
The indoor application segment accounted for the largest share of more than 70.0% in 2017. The growing trend of social networking websites has fueled the demand for home dĩcor products such as furniture and decorative accessories that can be used at home on a daily basis. Furthermore, rising disposable income levels among consumers is expected to fuel the demand for Indoor applications over the forecast period.
The outdoor application segment is expected to witness significant growth over the forecast period owing to increasing consumer spending on landscaping and garden or lawn care activities which include plant selection, maintenance and decoration activities with a focus on aesthetics at homes worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing disposable income, growing population, and changing lifestyles of consumers. In addition, rising construction of new commercial spaces such as shopping complexes and corporate buildings is anticipated to drive product demand in this region.
North America accounted for a share of more than 20% in terms of revenue generated by the global market on account of high demand for home decor products from U.S., Canada, and Mexico on account changing lifestyle coupled with increasing purchasing power parity (PPP) among middle-class income groups across these countries over the past few years has resulted in increased spending on home d©cor products including rugs, lighting fixtures & accessories). Moreover North America being one of largest tourism markets offers immense potential for industry expansion through online as well as offline channels which includes travel agencies that promote trips specifically related to homes/interiors/furniture etc.).
Growth Factors:
- Increasing disposable income of the population: The growth in the home decor market is directly proportional to the increase in disposable income of the population. As people get more money to spend, they are inclined to spend it on improving their homes.
- Changing lifestyles and preferences: There is a constant change in people's lifestyles and preferences, which leads to a change in their demand for home decor products. This provides opportunities for new players to enter the market and existing players to introduce new products.
- Rising number of nuclear families: The number of nuclear families is increasing rapidly, which leads to an increased demand for smaller homes that need less space decoration-wise. This provides opportunities for companies that manufacture furniture and other home decor items designed specifically for small spaces.
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Decor Market Research Report
By Type
Home Furniture, Rugs, Bath Textiles, Bed Textiles, Kitchen and Dining Textiles, Tiles, Wood & Laminate Flooring, Vinyl & Rubber Flooring, Lighting, Others
By Application
Indoor, Outdoor, Others
By Companies
Ikea, Philips, Suofeiya Home Collection, Springs Window Fashions, Zepter, Conair, Siemens, Hanssem, Samson, Oneida, Ikea
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Home Decor Market Report Segments:
The global Home Decor market is segmented on the basis of:
Types
Home Furniture, Rugs, Bath Textiles, Bed Textiles, Kitchen and Dining Textiles, Tiles, Wood & Laminate Flooring, Vinyl & Rubber Flooring, Lighting, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Indoor, Outdoor, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ikea
- Philips
- Suofeiya Home Collection
- Springs Window Fashions
- Zepter
- Conair
- Siemens
- Hanssem
- Samson
- Oneida
- Ikea
Highlights of The Home Decor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Home Furniture
- Rugs
- Bath Textiles
- Bed Textiles
- Kitchen and Dining Textiles
- Tiles
- Wood & Laminate Flooring
- Vinyl & Rubber Flooring
- Lighting
- Others
- By Application:
- Indoor
- Outdoor
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Decor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home decor is the term used to describe the various elements of a home that give it a unique and personal look. This can include furniture, artwork, rugs, lighting fixtures, and other decorative items.
Some of the major players in the home decor market are Ikea, Philips, Suofeiya Home Collection, Springs Window Fashions, Zepter, Conair, Siemens, Hanssem, Samson, Oneida, Ikea.
The home decor market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Home Decor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Home Decor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Home Decor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Home Decor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Home Decor Market Size & Forecast, 2020-2028
4.5.1 Home Decor Market Size and Y-o-Y Growth
4.5.2 Home Decor Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Home Furniture
5.2.2 Rugs
5.2.3 Bath Textiles
5.2.4 Bed Textiles
5.2.5 Kitchen and Dining Textiles
5.2.6 Tiles
5.2.7 Wood & Laminate Flooring
5.2.8 Vinyl & Rubber Flooring
5.2.9 Lighting
5.2.10 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Indoor
6.2.2 Outdoor
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Home Decor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Home Decor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Home Furniture
9.6.2 Rugs
9.6.3 Bath Textiles
9.6.4 Bed Textiles
9.6.5 Kitchen and Dining Textiles
9.6.6 Tiles
9.6.7 Wood & Laminate Flooring
9.6.8 Vinyl & Rubber Flooring
9.6.9 Lighting
9.6.10 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Indoor
9.10.2 Outdoor
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Home Furniture
10.6.2 Rugs
10.6.3 Bath Textiles
10.6.4 Bed Textiles
10.6.5 Kitchen and Dining Textiles
10.6.6 Tiles
10.6.7 Wood & Laminate Flooring
10.6.8 Vinyl & Rubber Flooring
10.6.9 Lighting
10.6.10 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Indoor
10.10.2 Outdoor
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Home Furniture
11.6.2 Rugs
11.6.3 Bath Textiles
11.6.4 Bed Textiles
11.6.5 Kitchen and Dining Textiles
11.6.6 Tiles
11.6.7 Wood & Laminate Flooring
11.6.8 Vinyl & Rubber Flooring
11.6.9 Lighting
11.6.10 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Indoor
11.10.2 Outdoor
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Home Furniture
12.6.2 Rugs
12.6.3 Bath Textiles
12.6.4 Bed Textiles
12.6.5 Kitchen and Dining Textiles
12.6.6 Tiles
12.6.7 Wood & Laminate Flooring
12.6.8 Vinyl & Rubber Flooring
12.6.9 Lighting
12.6.10 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Indoor
12.10.2 Outdoor
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Home Furniture
13.6.2 Rugs
13.6.3 Bath Textiles
13.6.4 Bed Textiles
13.6.5 Kitchen and Dining Textiles
13.6.6 Tiles
13.6.7 Wood & Laminate Flooring
13.6.8 Vinyl & Rubber Flooring
13.6.9 Lighting
13.6.10 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Indoor
13.10.2 Outdoor
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Home Decor Market: Competitive Dashboard
14.2 Global Home Decor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Ikea
14.3.2 Philips
14.3.3 Suofeiya Home Collection
14.3.4 Springs Window Fashions
14.3.5 Zepter
14.3.6 Conair
14.3.7 Siemens
14.3.8 Hanssem
14.3.9 Samson
14.3.10 Oneida
14.3.11 Ikea
