Market Research Report
Home Decor Global Market Report 2022
|Home Decor Global Market Report 2022|
The Business Research Company
Content info: 175 Pages
Delivery time: 2-10 business days
“Home Decor Global Market Report 2022 ” from The Business Research Company provides the strategists, marketers and senior management with the critical information they need to assess the global home decor market.
This report focuses on home decor market which is experiencing strong growth. The report gives a guide to the home decor market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
Where is the largest and fastest growing market for the home decor? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The Home Decor market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider home decor market, and compares it with other markets.
Markets Covered: 1) By Product Type: Furniture; Textile; Flooring; Other Products
2) By Price: Premium; Mass
3) By Application: Indoor; Outdoor
4) By Distribution Channel: Supermarkets and Hypermarkets; Specialty Stores; E-Commerce; Other Distribution Channels
Companies Mentioned: Inter IKEA Systems BV; Forbo Group; Armstrong World Industries Inc.; Mannington Mills Inc.; Mohawk Industries Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Major players in the home decor market are: Inter IKEA Systems BV, Forbo Group, Armstrong World Industries Inc., Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries Group Inc., Herman Miller Inc., Ashley Furniture Industries Ltd., Kimball International Inc, Duresta Upholstery Ltd, home24, Hanssem Corporation, Koninklijke Philips N.V., Conair Corporation, Suofeiya Home Collection Co. Ltd., Springs Window Fashions LLC, Siemens AG., Zepter International Inc., and Samson Holding Ltd.
The global home decor market is expected to grow from $610.65 billion in 2021 to $662.45 billion in 2022 at a compound annual growth rate (CAGR) of 8.5%. The home decor market is expected to grow to $805.75 billion in 2026 at a CAGR of 5%.
The home decor market consists of sales of home decor products by entities (organizations, sole traders, and partnerships) that are used to make a home more attractive and visually appealing. Home decor is the placement of physical items such as furniture accessories, room colors, walls, and ceilings in a decorative manner. It can be summarized as carefully placing decor pieces in a well-organized manner to create a pleasant, user-friendly environment.
The main types of home decor are furniture, textiles, flooring, and other products. Furniture is used to describe moveable objects that are used to make human life simpler and give comfort to rest and relax. The different price ranges include premium, mass. These are distributed through supermarkets and hypermarkets, specialty stores, e-commerce, and others, and are used in various application areas that include indoor and outdoor.
North America was the largest region in the home decor market in 2021. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the home decor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The home decor market research report is one of a series of new reports from The Business Research Company that provides home decor market statistics, including home decor industry global market size, regional shares, competitors with a home decor market share, detailed home decor market segments, market trends and opportunities, and any further data you may need to thrive in the home decor industry. This home decor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The increasing penetration of smartphones and e-commerce is expected to propel the growth of the home decor market going forward. A Smartphone refers to a handheld electronic gadget that furnishes a connection to a cellular network and the internet. Smartphones are helpful for buying home decor products such as wall decor, cushions, curtains, and figurines from various online e-commerce websites. For instance, in October 2021, according to The Economic Times, an Indian business newspaper, India had the highest mobile data consumption rate in the world at 12 gigabytes per user a month, and the country is adding 25 million new smartphone users every quarter. Also, according to Bankmycell, a USA-based price comparison site for mobile phones, in 2021, there are 6.37 billion (80.76% of the world population) smartphone users. Therefore, the increasing penetration of smart devices contributes to the growth of the home decor market.
Strategic partnerships and collaborations have emerged as a key trend gaining popularity in the home decor market. Major companies operating in the home decor market are focused on strategic partnerships and collaborations to sustain their position in the market. For instance, in April 2022, Mitzi, a US-based home decor company, collaborated with Dabito, a designer, photographer, artist, and founder of Old Brand New. Through this collaboration, 12 new Mitzi pieces were created, from chandeliers to wall sconces, all equal parts cool, contemporary, and covetable. Also, in April 2022, Ruggable, a US-based innovative washable rug company, teamed up with Keith Haring Studio to create a collection of 15 chenille rugs and 9 doormats decorated with the late American artist's iconic line drawings. As with all Ruggable's products, each rug consists of a padded base and an easily removable (and machine washable) top layer.
In January 2019, NBG Home, a US-based manufacturer of home decor products, acquired Quoizel for an undisclosed amount. Through this acquisition, NBG would increase its operating scale and product and brand diversity to enhance category management solutions to the benefit of retail partners. Quoizel is a US-based manufacturer of home decor products.
The countries covered in the home decor market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.