Global Home Decor Market is expected to reach US$ XX Billion by 2026 from US$ XX Billion in 2017 at CAGR of 6.7%.
Global Home Decor Market
Home decor market is segmented by product type, application, distribution channel, and region.
Based on product type, home decor market is classified by furniture, textiles, and floor coverings. Furniture segment is estimated to hold the largest share of the market during the forecast period due to the raised influence of western culture and income.
On the basis of application, the home decor market is divided into the commercial sector and residential sector. Residential sector segment is expected to hold the largest share of the market during the forecast period due to the rise in interest and trend of home decoration in consumers.
Accordingly, distribution channel, home decor market is classified by online and offline. Online segment is estimated to hold the largest share of the market during forecast period due to online retailing provides more discounts and wider options to purchase the product, the online platform becomes popular owing to that it provides the delivery to the doorstep by order of products, With an online platform, a consumer can compare the price of product on different websites, Online platforms provide the home delivery and free shipping and Exchange & return offer turns to increase the home decor market.
Major driving factors of the market are increasing trend of the home decoration, rising economy & income, improving living standards, rising developments in real estate sector, increasing expansion in real estate sector industry, rising urban population, and increasing construction activities and at the same time high cost of materials will hamper the market.
In terms of region, home decor market is divided by North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia Pacific is estimated to hold the largest share of the market during the forecast period due to increasing demand home décor as urbanization is rising and changing the lifestyle in this region.
Key player’s studies, analysed, profiled and benchmarked in home decor market are Kimball International, Herman Miller, Ashley Furniture Industries, Inc., IKEA Herman Miller, Ashley Furniture Industries Inc., Costco Wholesale, Herman Miller, Home24, J.C. Penney, Otto, Sears Holdings, Target, and IKEA.
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