Home Decor Market size was valued at US$ 691.58 Bn in 2022 and the total revenue is expected to grow at a CAGR of 3.9% through 2023 to 2029, reaching nearly US$ 903.97 Bn.

Home Decor  Market Overview:

The purpose of this study is to provide an in-depth analysis of the  Home Decor Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Home Decor    industry. The study also provides a thorough examination of the market’s value chain.

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Home Decor  Market Scope:

The research method used to assess and forecast the Home Decor    market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Home Decor    market.

Home Decor   Market Drivers:

The development of the global real estate & commercial construction industry is one of the important influences driving the development of the online home decor market. The other major factor contributing to online home decor sales is the growing number of renovation & modification projects. Factors like the rising tech-savvy population, growing internet penetration, & the development of the organized online retail sector have encouraged residents to order home furnishing items online. Moreover, the availability of numerous online home decor vendors, with wide product offerings, is providing consumers with a wide range of furniture & furnishings to choose from. As a result, the online home decor market development should be enormous during the forecast period.

When the Covid-19 lockdown was 1st announced in March 2021, not many of people were sure about what really lay ahead. Now, even at the end of year 2021, a lot of people are still counting days to be able to lastly step out of the home to go to the office, hang out with friends & to travel, leaving behind their anxieties & worries about being infected. But in these last9-10 months, People have reoriented their way of living around the 4 walls of their homes. They have learned to connect with the society over the virtual medium, to cook & clean, & to WFH on a daily basis. And while doing so, many people have naturally channelled their energies into livening up their surrounds, leading to growing interest in reforming their homes.

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Home Decor    Market Segmentation:

by Product Type

Furniture
Home Textile
Floor Covering

by Price

Premium
Mass

by Income Group

LOWER-MIDDLE INCOME
UPPER-MIDDLE INCOME
HIGHER INCOME

by Distribution Channel

Supermarkets & Hypermarkets
Specialty Stores
E-commerce
Others

Home Decor Market Key Players are:

1. Inter IKEA Systems BV
2. Forbo International SA
3. Armstrong World Industries, Inc.
4. Mannington Mills Inc.
5. Mohawk Industries Inc.
6. Shaw Industries Group, Inc.
7. Herman Miller Inc.
8. Ashley Furniture Industries Ltd.
9. Kimball International
10.Duresta Upholstery Ltd.
11.home24
12.Hanssem Corporation
13.Koninklijke Philips N.V.
14.Conair Corporation
15.Suofeiya Home Collection Co., Ltd.
16.Springs Window Fashions LLC
17.Siemens AG.
18.J.C. Penney
19.Otto
20.Sears Holdings

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Home Decor    Market Regional Analysis:

Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.

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Key Questions Answered in the Home Decor    Market Report are:

  • Which segment had the largest share in the Home Decor    market?
  • How is the competitive scenario of the Home Decor    market in 2020?
  • Which are the key drivers impacting the Home Decor    market growth?
  • Which region holds the maximum share in the Home Decor    market?
  • What will be the CAGR of the Home Decor    market during the forecast period (2021-2027)?

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