The global home décor market was valued at USD 697.91 billion in 2023 and is projected to grow from USD 747.75 billion in 2024 to USD 1,097.51 billion by 2032, reflecting a CAGR of 4.91% during the forecast period.
Decorative items like throw pillows, scented candles, and artworks play a crucial role in enhancing the aesthetics of living spaces. A growing consumer preference for home products made from recycled, upcycled, and eco-friendly materials is expected to drive market growth. The COVID-19 pandemic led interior designers to adopt virtual consultations and meetings, enabling personalized interior product selections. This shift, along with the increased use of software and applications for creating virtual room designs, has significantly contributed to market expansion.
Fortune Business Insights™ provides this information in its research report, titled “Home Décor Market, 2024-2032”.
Information Source: https://www.fortunebusinessinsights.com/home-decor-market-109906
Segmentation:
Greater Spending on Soft Flooring to Proliferate the Floor Covering Segment Growth
The market is divided into categories based on products: furniture & home furnishings, home textiles, floor coverings, and others. The floor covering segment holds the largest share of the home décor market, driven by increased household spending on soft flooring during remodeling and renovation projects.
Ease of Accessibility and Wide Range of Affordable Products Spur Hypermarkets/Supermarkets Expansion
Regarding distribution channels, the market is segmented into online channels, hypermarkets & supermarkets, specialty stores, and others. The hypermarkets & supermarkets segment leads the market due to the convenience they offer consumers, providing a wide range of both premium and affordable products all in one location.
Regionally, the home décor market is divided into Europe, the Middle East & Africa, North America, the Asia Pacific, and South America.
Top Leading Company in the Home Decor Market