Home Decor Market new Developments and Market Insights
Home Decor Market Overview:
The Home Decor Market report offers a thorough analysis of the opposition, together with information on market share and company profiles for the leading foreign rivals. The scope of the study includes a full examination of the Home Decor Market as well as the factors influencing regional variations in the expansion of the sector.
The global home decor market had a value of US$ 691.58 billion in 2022, and it is anticipated to grow at a CAGR of 3.9% to US$ 903.97 billion by 2029. One’s mental health can improve after decorating their home. Therefore, in a way, house furnishings may have served as a diversion or perhaps an outlet for any resentments brought up by the lengthy confinement at home, such as bringing a dash of colour to the monotonous lockdown routine. And the current situation serves as evidence. Recent years have witnessed a rise in interest in adorning homes with elaborate lighting fixtures, wall accents, and vibrant couches.
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.
After Market engineering, which involved market statistics calculations, market size predictions, market projections, market breakdown, and data triangulation, was complete, extensive primary research was carried out to collect data and check and validate important figures. Throughout the
market engineering process, top-down, bottom-up, and other data triangulation methodologies were routinely employed to conduct market estimates and forecasting for the overall market segments and sub-segments outlined in this research. In order to provide vital information throughout the study, all data collected during the market engineering process is submitted to extensive qualitative and quantitative analysis.
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Home Decor Market Segmentation:
Global Home Decor Market, by Product Type (2022-2029)
• Furniture
• Home Textile
• Floor Covering
The market is divided into three categories: furniture, home textiles, and floor coverings, depending on the product type. By 2029, market shares for the furniture segment are anticipated to be the highest. Due to its superior quality and beauty, wooden furniture is becoming more and more popular, which has contributed to the segment’s growth. The rising use of modular kitchens and closets is also largely a result of the influence of western culture. Changes in consumer preferences for eco-friendly products have led to an increase in the use of eco-friendly products in various areas of the home, including the bedroom, bathroom, outdoor space, and indoor space. Other raw materials used to make furniture, like metal, plastic, glass, and leather, as well as pinewood as an alternative, have made strides in the market.
Global Home Decor Market, by Price (2022-2029)
• Premium
• Mass
Global Home Decor Market, by Income Group (2022-2029)
• LOWER-MIDDLE INCOME
• UPPER-MIDDLE INCOME
• HIGHER INCOME
Global Home Decor Market, by Distribution Channel (2022-2029)
• Supermarkets & Hypermarkets
• Specialty Stores
• E-commerce
• Others
The market is divided into Supermarkets & Hypermarkets, Specialty Stores, E-Commerce, and Others based on the distribution channel. During the projected period, the market of specialty stores is anticipated to expand quickly at a CAGR. Due to increased external competition, the specialty stores business has experienced high concentration recently, although the tiny specialised retail stores industry has experienced low market share concentration. These are the main factors that will fuel this segment’s expansion in the global home decor market from 2022 to 2029.
Home Decor Market Key Players:
Both primary and secondary research are carried out in order to identify the market’s leaders and forecast market revenue. CEOs, marketing executives, and seasoned front-line employees are just a few of the significant thought leaders and subject matter experts that are included in the primary study’s in-depth interviews. In-depth interviews with significant thought leaders and business experts, including CEOs, marketing executives, and seasoned front-line personnel, were done as part of the primary study. Reviewing the annual and financial reports of the major manufacturers was done as part of the secondary study. Secondary data is employed to calculate percentage splits, market shares, growth rates, and global market breakdowns. The results of these calculations are then compared to primary data. The Home Decor Market is dominated by the following businesses:
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:
The regional market research analysis for Home Decor also covers particular market driving forces and changes in market laws affecting current and future market trends. In order to assess the potential market as a whole and identify profitable patterns to build a stronger foundation, current and upcoming trends are researched. The current environment and predicted trends form the foundation of the geographic market’s appraisal.
COVID-19 Impact Analysis on Home Decor Market:
The research on the expansion of the programming language market offers a thorough regional analysis. It has a worldwide impact when it analyses the biggest regional differences, such as those between North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. To keep ahead of the competition, Home Decor Market research gains a better perspective and understanding of the Market and target audience.
Table Of Content :
1. Global Home Decor Market: Research Methodology
2. Global Home Decor Market: Executive Summary
2.1 Market Overview and Definitions
2.1.1. Introduction to Global Home Decor Market
2.2. Summary
2.2.1. Key Findings
2.2.2. Recommendations for Investors
2.2.3. Recommendations for Market Leaders
2.2.4. Recommendations for New Market Entry
3. Global Home Decor Market: Competitive Analysis
3.1 MMR Competition Matrix
3.1.1. Market Structure by region
3.1.2. Competitive Benchmarking of Key Players
3.2 Consolidation in the Market
3.2.1 M&A by region
3.3 Key Developments by Companies
3.4 Market Drivers
3.5 Market Restraints
3.6 Market Opportunities
3.7 Market Challenges
3.8 Market Dynamics
3.9 PORTERS Five Forces Analysis
3.10 PESTLE
3.11 Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
3.12 COVID-19 Impact
4. Global Home Decor Market Segmentation
4.1 Global Home Decor Market, by Product Type (2022-2029)
• Furniture
• Home Textile
• Floor Covering
4.2 Global Home Decor Market, by Price (2022-2029)
• Premium
• Mass
4.3 Global Home Decor Market, by Income Group (2022-2029)
• LOWER-MIDDLE INCOME
• UPPER-MIDDLE INCOME
• HIGHER INCOME
4.4 Global Home Decor Market, by Distribution Channel (2022-2029)
• Supermarkets & Hypermarkets
• Specialty Stores
• E-commerce
• Others
The Programming Language Market Report provides key answers to the following issues:
- How competitive is the Market environment?
- What are the primary factors influencing the Home Decor Market’s expansion?
- Which region dominates the Home Decor market in terms of Market share?
- What is the projected CAGR for the market from 2022 to 2029?
Key Offerings:
- Historical Market Size and Competitive Environment (2018–2021)
- Price curves in the past and by region (2018 to 2021)
- Market Size, Share, Size & Forecast for Each Segment | 2022–2029.
- Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation: Detailed Analysis by Segment with Sub-Segments and Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape: Strategic player profiles for a few prominent players by area
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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