Home Decor Market Size to Grow by USD 286.82 billion | Rise in Online Spending and Smartphone Penetration to Drive Growth | Technavio

Some of the primary growth drivers for the home decor market are the rise in online spending and smartphone penetration, increase in demand for multifunctional furniture, and rising popularity of blogs related to interior designing, according to Technavio. However, factors such as long product replacement cycle resulting in infrequent purchases may challenge market growth.

Product Segment Highlights

• The home decor market has been segmented by product into furniture, floor coverings, and others.
• The furniture segment is expected to have significant market share growth during the forecast period.

Regional Analysis

• Based on geography, the home decor market has been segmented into five regions, namely APAC, North America, Europe, South America, and MEA.
• 43% of the growth will originate from APAC.
• China and India are the key countries for the home decor market in APAC.
• An increase in demand for multifunctional furniture will drive the home decor market growth in APAC during the forecast period.

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Notes:

• The home decor market size is expected to accelerate at a CAGR of 8.81% during the forecast period.
• The home decor market is segmented product (furniture, floor coverings, and others) and geography (APAC, North America, Europe, South America, and MEA).
• The market is fragmented due to the presence of many vendors holding significant market share.
• The research report offers information on several market vendors, including Armstrong World Industries Inc., Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Duresta Upholstery Ltd., Forbo Holding Ltd, Herman Miller Inc., Inter IKEA Holding BV, Kimball International Inc., Mannington Mills Inc., and Mohawk Industries Inc.

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Related Reports:

• Luxury Furniture Market: The luxury furniture market has been segmented by distribution channel (offline and online), application (residential and commercial), and geography (Europe, North America, APAC, MEA, and South America). Download Free Sample Report
• Home Furnishings Market: The home furnishings market has been segmented by product (home furniture and home textiles) and geography (Europe, North America, APAC, MEA, and South America). Download Free Sample Report

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