The global home décor market size was valued at USD 697.91 billion in 2023. The market is expected to expand from USD 747.75 billion in 2024 to USD 1,097.51 billion by 2032, exhibiting a CAGR of 4.91% over the study period.
Decorative accents, which include throw pillows, scented candles, and artworks, boost the aesthetics of living spaces. The evolution of preferences of consumers toward home products made using recycled/upcycled and eco-friendly material is slated to surge the market expansion.
During the COVID-19 pandemic, interior designers shifted to virtual consultations and meetings, which offered personalized interior products. With this convenient and remote facility, the rising use of software and applications to create virtual living room designs significantly boosted 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.
Report Coverage
The competitive strategies deployed by top companies to gain a competitive edge have been mentioned in the report. Besides this, it describes the significant driving and restraining factors impacting the market growth in detail. The report further offers an in-depth analysis of the key segments, the COVID-19 pandemic impact, the top trends, and notable industry developments.
Top Company in the Home Decor Market: