Enjoy complimentary customisation on priority with our Enterprise License!
The global home decor market is projected to increase by USD 326.66 million, growing at a CAGR of 7.34% from 2023 to 2028. This growth is driven by rising disposable incomes, evolving consumer lifestyles, growth of the online furniture market, and the increasing popularity of interior design blogs and social media platforms that inspire home decoration ideas.
For More Highlights About this home decor market size analysis report, Download Free Sample in a Minute .
Rising Disposable Incomes: As consumers have more financial resources, they invest in enhancing their living spaces.
Consumer Lifestyles: Shifts towards personalized and aesthetically pleasing home decor products are on the rise.
Online Retail Growth: The availability of diverse upholstery products, fixtures, and eco-friendly items online caters to a wide range of preferences, contributing significantly to the Online Home Decor Market.
Interior Design Influence: Blogs and social media drive consumer interest in unique home-improvement products.
Technological Integration: The use of AR and VR by vendors enhances consumer experience, allowing virtual visualization of home decor products.
Eco-Friendly Products: Growing awareness of environmental sustainability increases demand for eco-friendly home decor items.
Infrequent Purchases: The long replacement cycle of durable home decor products results in less frequent buying, posing a challenge to market growth.
The home decor market overview report includes the adoption lifecycle of the market research and growth, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market analysis and report also include key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth and forecasting strategies.
Home Decor Market Customer Landscape
By Product:
By Distribution Channel:
By Region:
APAC leads the market due to increasing urbanization and disposable incomes. Other regions such as North America, Europe, South America, and the Middle East and Africa also contribute significantly, driven by online retail growth and evolving consumer preferences. The US Home Decor Market is particularly robust, benefiting from a strong online presence and consumer interest in both online furniture and home decor.
Leading companies in the market include Armstrong World Industries Inc., Ashley Global Retail LLC, Berkshire Hathaway Inc., Crate and Barrel, Duresta Upholstery Ltd., Home Decor International, Home24 SE, Inter IKEA Holding BV, Mannington Mills Inc., MillerKnoll Inc., Mohawk Industries Inc., Overstock Inc., Rhysley Group, Springs Window Fashions LLC, The Home Depot Inc., Tianjin U LIKE Intl Co. Ltd, Vetaas Nature, Wayfair Inc., and KRAPHY.
The home decor market is poised for robust growth, driven by increasing incomes, consumer interest in lifestyle enhancement, and the influence of online platforms. Technological advancements and eco-friendly trends will shape the future of the market, despite challenges posed by infrequent purchase cycles. The online home decor market, in particular, will play a crucial role in driving overall market growth, with significant contributions from the US home decor market and the online furniture market.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.