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Home Decor Market to Witness Massive Growth By 2027 | Market Research Report

North America is one of the prominent regions, which accounted for a sizeable share of the total market in 2019.

According to a new report published by Allied Market Research, titled, “Home Decor Market by Product Type, Income Group, Price Point, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020–2027,” the global home decor market was valued at $616.6 billion in 2019, and is estimated to reach $838.6 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. In 2019, the floor coverings segment accounted for significant revenue share in the total global home decor market, and is expected to grow at a CAGR of 4.0% throughout the forecast period. North America is one of the prominent regions, which accounted for a sizeable share of the total market in 2019.

 

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quote Rise in urbanized population in emerging economies coupled with increase in expenditure on home decor products such as rough textile and carpet have significantly contributed toward the growth of the global market. According to the global home decor market analysis, the floor covering segment generated the highest revenue in 2019, and is expected to remain dominant throughout the forecast period. This is attributed to rise in demand for stylish floor covering products among consumers. In addition, increase in popularity of home decor products coupled with rise in demand for various designs & customization positively impact the growth of the global home decor market. quote

The global home decor market has witnessed significant growth over the years, and is expected to grow at a steady pace during the forecast period. This is attributed to the fact that market players are focusing on developing eco-friendly products, owing to rise in environment awareness.

The key players profiled in this report include

  • Inter IKEA Systems BV
  • Forbo International SA
  • Armstrong World Industries, Inc.
  • Mannington Mills Inc.
  • Mohawk Industries Inc.
  • Shaw Industries Group, Inc.
  • Herman Miller Inc.
  • Ashley Furniture Industries Ltd.
  • Kimball International
  • Duresta Upholstery Ltd.

 

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Key Findings Of The Study

  • On the basis of product type, the furniture segment is expected to witness the fastest growth, registering a CAGR of 4.0% during the forecast period.
  • In 2019, by distribution channel, the specialty stores segment garnered around half of the global market share.
  • In 2019, by price point, the mass segment held the highest share, and is expected to growth at a CAGR of 3.6% during the forecast period
  • Higher income group segment dominated the market in 2019, accounting for significant home decor market share, globally.
  • In 2019, China was the most prominent market in the Asia-Pacific region, and is expected to grow at a significant CAGR throughout the forecast period.
  • North America was the dominant region in 2019, accounting for more the one-third of the global home decor market share.

FREQUENTLY ASKED QUESTIONS?

Q1. What will be Home Decor Market growth in 2027?
Q2. What is the CAGR of Home Decor Market?
Q3. What is the Home Decor Market effecting factor?
Q4. What are the key trends in the Home Decor Market?
Q5. What are the segments of Home Decor Market?

 

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LIST OF TABLES

TABLE 01.GLOBAL HOME DÉCOR MARKET REVENUE, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 02.GLOBAL HOME DÉCOR MARKET REVENUE, FOR HOME TEXTILE, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 03.GLOBAL HOME DÉCOR MARKET REVENUE, FOR HOME TEXTILE, 2019–2027 ($MILLION)
TABLE 04.GLOBAL HOME DÉCOR MARKET REVENUE, FOR RUGS TEXTILES, 2019–2027 ($MILLION)
TABLE 05.GLOBAL HOME DÉCOR MARKET REVENUE, FOR BATH TEXTILES, 2019–2027 ($MILLION)
TABLE 06.GLOBAL HOME DÉCOR MARKET REVENUE, FOR BED TEXTILES, 2019–2027 ($MILLION)
TABLE 07.GLOBAL HOME DÉCOR MARKET REVENUE, FOR KITCHEN & DINING TEXTILES, 2019–2027 ($MILLION)
TABLE 08.GLOBAL HOME DÉCOR MARKET REVENUE, FOR LIVING ROOM TEXTILES, 2019–2027 ($MILLION)
TABLE 09.GLOBAL HOME DÉCOR MARKET REVENUE, FOR FLOOR COVERING, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 10.GLOBAL HOME DÉCOR MARKET REVENUE, FOR FLOOR COVERING, 2019–2027 ($MILLION)

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