"Harmonizing Homes: Understanding Consumer Behavior in the Home Decor Market"


Posted March 12, 2024 by Rutuja123

The Global Home Decor market was valued at US $ 691.58 Bn. in 2022, and it is expected to reach US$ 903.97 Bn.
 
The global 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.

Market Overview:

This study aims to provide a comprehensive analysis of the Home Decor market, encompassing its various segments, industries, and geographical regions. The research incorporates detailed insights into the primary factors influencing the growth of the Home Decor industry, along with an extensive evaluation of its value chain.

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Market Scope:

The research methodology employed for analyzing and forecasting the Home Decor market involves gathering revenue data from major suppliers through secondary research sources. Additionally, vendor offerings are considered in the process of market segmentation. The overall size of the Home Decor market is estimated using the bottom-up approach, leveraging the revenue of prominent firms.

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.

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

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Key Players:

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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Regional Analysis:

Our research team conducted thorough primary and secondary research for the global Home Decor market study. Secondary research was conducted to enhance available data, segment the market, assess total market size, forecast market size, and growth rate. Various methodologies have been employed to calculate market value and growth rate. We gather market insights and data from diverse regions to offer a comprehensive regional perspective. Country-level analysis is conducted by examining multiple regional stakeholders, tax laws, consumer behavior, and macroeconomic indicators.

Separate market share data is provided for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts are encouraged to leverage their competitive strengths and conduct independent competitive analysis on each rival.

COVID-19 Impact Analysis on Home Decor Market: Our research on the Home Decor market also includes a comprehensive evaluation of COVID-19's impact, considering factors such as imports, suppliers, and market players.

Key Questions Answered in the Home Decor Market Report:

• Which segment contributed the largest share to the Home Decor market?

• What was the competitive scenario of the Home Decor market in 2020?

• What are the key factors driving the growth of the Home Decor market?

• Which region held the highest share in the Home Decor market in 2020?

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Categories Blogging , Computers , Education
Tags home decor market , home decor market size , home decor market analysis
Last Updated March 12, 2024