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 compound annual growth rate (CAGR) of 4.91% throughout the forecast period.
Decorative accents, such as throw pillows, scented candles, and artworks, enhance the aesthetics of living spaces. The growing consumer preference for home products made from recycled, upcycled, and eco-friendly materials is expected to drive market expansion.
During the COVID-19 pandemic, interior designers transitioned to virtual consultations and meetings, offering personalized interior solutions. This convenient, remote approach, along with the increased use of software and applications for creating virtual living room designs, significantly contributed to market growth.
Fortune Business Insights™ provides this information in its research report, titled “Home Décor Market, 2024-2032”.
Read More: https://www.fortunebusinessinsights.com/home-decor-market-109906
Segmentation:
Greater Spending on Soft Flooring to Proliferate the Floor Covering Segment Growth
By product, the market is segregated into furniture & home furnishings, home textile, floor covering, and others. The floor covering segment witnesses the largest home décor market share supported by the greater spending of households on soft flooring during home remodeling and renovation activities.
Ease of Accessibility and Wide Range of Affordable Products Spur Hypermarkets/Supermarkets Expansion
On the basis of distribution channel, the market is classified into online channels, hypermarkets & supermarkets, specialty stores, and others. The hypermarkets & supermarkets segment dominates driven by the ease of consumers’ accessibility to the broad assortment of premium-priced and affordable products under one roof at supermarkets.
On the basis of region, the market for home décor is segmented into Europe, the Middle East & Africa, North America, the Asia Pacific, and South America.
Top Company in the Home Decor Market