Global Home Decor Market: Industry Analysis and Forecast (2021-2027) by Product Type, Distribution Channel, and Region

Global Home Decor Market size was valued at US$ 640.65 Bn. in 2020 and the total revenue is expected to grow at a CAGR of 3.9% through 2021 to 2027, reaching nearly US$ 837.39 Bn.

Global Home Decor Market Overview:

The Global Home Decor market was valued at US $640.65 Bn. in 2020, and it is expected to reach US $837.39 Bn. by 2027 with a CAGR of 3.9% during the forecast period. Decorating the home can increase one’s mental health. So, in a way, home decor may have been a possible distraction or even an outlet for any pent-up frustrations brought by months of quarantine at home like adding a little pop of colour in dull lockdown routine. And the current development is proof. Of late, the industry has seen increasing interest in beautifying the home with fancy lights, wall decor or colourful cushions. The Godrej Company have been seeing a surge in the sales of home decor, mainly in soft furnishings which has seen a 2x growth. Global Home Decor MarketTo know about the Research Methodology :- Request Free Sample Report Though market forecasting through 2027 is based on real output, demand and supply of 2020, 2020 numbers are also estimated on real numbers published by key players as well all important players across the world. Market forecasting till 2027 is done based on past data from 2016 to 2019 with the impact of global lock down on the market in 2020 and 2021.

Global Home Decor Market Dynamics:

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. When the Covid-19 lockdown was 1st announced in March 2020, not many of people were sure about what really lay ahead. Now, even at the end of year 2020, a lot of people are still counting days to be able to lastly step out of the home to go to the office, hang out with friends & to travel, leaving behind their anxieties & worries about being infected. But in these last9-10 months, People have reoriented their way of living around the 4 walls of their homes. They have learned to connect with the society over the virtual medium, to cook & clean, & to WFH on a daily basis. And while doing so, many people have naturally channelled their energies into livening up their surrounds, leading to growing interest in reforming their homes. Many people continue working from their homes to date even while offices have reopened. But months of nonstop working from home meant one could not keep doing it from their bed or dining table. Physical discomfort &associated health issues motivated people to look for suitable home-office furniture as one of the 1st things to add to their homes. The home-office furniture class, especially study tables & ergonomic office chairs grew by 250 %& 400 %, respectively, in August 2020, in comparison to pre-lockdown levels. For instance, Pepperfry’s home-office furniture category adds about 25 % to the total sales volume, a category which accounted for about 10 % of overall sales during the pre-COVID times.

Global Home Decor Market Segment Analysis:

The Global Home Decor Market is segmented by Product Type, and Distribution Channel. Based on the Product Type, the market is segmented into Furniture, Home Textile, and Floor Covering. Furniture segment is expected to hold the largest market shares of xx% by 2027. The segment's rise has been urged by an increasing desire for wooden furniture due to its superior quality and appearance. Furthermore, the influence of western society is a significant factor in the increased usage of modular kitchens and wardrobes. The rising usage of eco-friendly items in many areas of the house, such as the bedroom, bathroom, outdoor, and indoor, is a result of shifting trends toward the adoption of eco-friendly products. Metal, plastic, glass, and leather, among other raw materials used in furniture manufacturing, have gained foothold in the market, as has pinewood as an alternative. These are the key factor that drives the growth of this segment in the Global Home Decor market during the forecast period 2021-2027. Global Home Decor Market by Product Based on the Distribution Channel, the market is segmented into Supermarkets & Hypermarkets, Specialty Stores, E-Commerce, and Others. Specialty Stores segment is expected to grow rapidly at a CAGR of xx% during the forecast period. The specialty stores industry has seen significant concentration in recent years, owing to greater external rivalry, while the tiny specialized retail stores industry has low market share concentration. These are the key drivers that boost the growth of this segment in the Global Home Decor market during the forecast period 2021-2027. Global Home Decor Market by Channel

Global Home Decor Market Regional Insights:

North America dominates the Global Home Decor market during the forecast period 2021-2027. North America is expected to hold the largest market shares of xx% by 2027. The market's growth can be attributed to enhanced product accessibility as well as increased penetration of both online and offline home decor channels. The maximum penetration of diverse decor products such as furniture, lighting, ornamental flooring, and textile usage is seen in regions with a significant number of market players. Furthermore, due to rising customer willingness to spend on home decor products, the United States dominates the worldwide outdoor furniture industry. These are the major factor that drives the growth of this region in the Global Home Decor market during the forecast period 2021-2027. The objective of the report is to present a comprehensive analysis of the Global Home Decor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the Global Home Decor Market dynamic, structure by analyzing the market segments and project the Global Home Decor Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Home Decor Market make the report investor’s guide.

Global Home Decor Market Scope: Inquire before buying

Global Home Decor Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 640.65 Bn.
Forecast Period 2021 to 2027 CAGR: 3.9% Market Size in 2027: US $ 837.39 Bn.
Segments Covered: by Product Type • Furniture • Home Textile • Floor Covering
by Distribution Channel • Supermarkets & Hypermarkets • Specialty Stores • E-commerce • Others

Global Home Decor Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Home Decor Market Key Players

Inter IKEA Systems BVForbo International SAArmstrong World Industries, Inc. • Mannington Mills Inc. • Mohawk Industries Inc. • Shaw Industries Group, Inc. • Herman Miller Inc. • Ashley Furniture Industries Ltd. • Kimball International • Duresta Upholstery Ltd. • home24 • Hanssem Corporation • Koninklijke Philips N.V. • Conair Corporation • Suofeiya Home Collection Co., Ltd. • Springs Window Fashions LLC • Siemens AG. • J.C. Penney • Otto • Sears Holdings

Frequently Asked Questions:

1] What segments are covered in Global Home Decor Market report? Ans. The segments covered in Global Home Decor Market report are based on Product Type, and Distribution Channel. 2] Which region is expected to hold the highest share in the Global Home Decor Market? Ans. North America is expected to hold the highest share in the Global Home Decor Market. 3] Who are the top key players in the Global Home Decor Market? Ans. Inter IKEA Systems BV, Forbo International SA, Armstrong World Industries, Inc., Mannington Mills Inc., and Mohawk Industries Inc. are the top key players in the Global Home Decor Market. 4] Which segment holds the largest market share in the Global Home Decor market by 2027? Ans. Furniture segment hold the largest market share in the Global Home Decor market by 2027. 5] What is the market size of the Global Home Decor market by 2027? Ans. The market size of the Global Home Decor market is US $837.39 Bn. by 2027. 6] What was the market size of the Global Home Decor market in 2020? Ans. The market size of the Global Home Decor market was worth US $640.65 Bn. in 2020.

Global Home Decor Market

1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Home Decor MarketSize, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Home Decor MarketAnalysis and Forecast 7. Global Home Decor MarketAnalysis and Forecast, by Product Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Home Decor MarketValue Share Analysis, by Product Type 7.4. Global Home Decor MarketSize (US$ Mn) Forecast, by Product Type 7.5. Global Home Decor MarketAnalysis, by Product Type 8. Global Home Decor MarketAnalysis and Forecast, by Distribution Channel 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Home Decor MarketValue Share Analysis, by Distribution Channel 8.4. Global Home Decor MarketSize (US$ Mn) Forecast, by Distribution Channel 8.5. Global Home Decor MarketAnalysis, by Distribution Channel 8.6. Global Home Decor MarketAttractiveness Analysis, by Distribution Channel 9. Global Home Decor MarketAnalysis and Forecast, by Region 9.1. Introduction and Definition 9.2. Key Findings 9.3. Global Home Decor MarketValue Share Analysis, by Region 9.4. Global Home Decor MarketSize (US$ Mn) Forecast, by Region 9.5. Global Home Decor MarketAnalysis, by Region 10. Global Home Decor MarketAnalysis 10.1. Key Findings 10.2. Global Home Decor MarketOverview 10.3. Global Home Decor MarketForecast, by Product Type 10.3.1. Furniture 10.3.2. Home Textile 10.3.3. Floor Covering 10.4. Global Home Decor MarketForecast, by Distribution Channel 10.4.1. Supermarkets & Hypermarkets 10.4.2. Specialty Stores 10.4.3. E-commerce 10.4.4. Others 10.5. Global Home Decor MarketForecast, by Region 10.5.1. North America 10.5.2. Europe 10.5.3. Asia-Pacific 10.5.4. MEA & Africa 10.5.5. Latin America 10.6. PEST Analysis 10.7. Key Trends 10.8. Key Developments 11. North-America Home Decor MarketAnalysis 11.1. Key Findings 11.2. North America Home Decor MarketForecast, by Product Type 11.2.1. Furniture 11.2.2. Home Textile 11.2.3. Floor Covering 11.3. North America Home Decor MarketForecast, by Distribution Channel 11.3.1. Supermarkets & Hypermarkets 11.3.2. Specialty Stores 11.3.3. E-commerce 11.3.4. Others 11.4. North-AmericaHome Decor MarketForecast, by Country 11.4.1. US 11.4.2. Canada 11.5. US Home Decor MarketForecast, by Product Type 11.5.1. Furniture 11.5.2. Home Textile 11.5.3. Floor Covering 11.6. US Home Decor MarketForecast, by Distribution Channel 11.6.1. Supermarkets & Hypermarkets 11.6.2. Specialty Stores 11.6.3. E-commerce 11.6.4. Others 11.7. Canada Home Decor MarketForecast, by Product Type 11.7.1. Furniture 11.7.2. Home Textile 11.7.3. Floor Covering 11.8. Canada Home Decor MarketForecast, by Distribution Channel 11.8.1. Supermarkets & Hypermarkets 11.8.2. Specialty Stores 11.8.3. E-commerce 11.8.4. Others 11.9. PEST Analysis 11.10. Key Trends 11.11. Key Developments 12. Europe Home Decor MarketAnalysis 12.1. Key Findings 12.2. Europe Home Decor MarketOverview 12.3. Europe Home Decor MarketForecast, by Product Type 12.3.1. Furniture 12.3.2. Home Textile 12.3.3. Floor Covering 12.4. Europe Home Decor MarketForecast, by Distribution Channel 12.4.1. Supermarkets & Hypermarkets 12.4.2. Specialty Stores 12.4.3. E-commerce 12.4.4. Others 12.5. EuropeHome Decor MarketForecast, by Country 12.5.1. UK 12.5.2. France 12.5.3. Germany 12.5.4. Russia 12.5.5. Italy 12.5.6. Rest of Europe 12.6. UK Home Decor MarketForecast, by Product Type 12.6.1. Furniture 12.6.2. Home Textile 12.6.3. Floor Covering 12.7. UK Home Decor MarketForecast, by Distribution Channel 12.7.1. Supermarkets & Hypermarkets 12.7.2. Specialty Stores 12.7.3. E-commerce 12.7.4. Others 12.8. France Home Decor MarketForecast, by Product Type 12.8.1. Furniture 12.8.2. Home Textile 12.8.3. Floor Covering 12.9. France Home Decor MarketForecast, by Distribution Channel 12.9.1. Supermarkets & Hypermarkets 12.9.2. Specialty Stores 12.9.3. E-commerce 12.9.4. Others 12.10. Germany Home Decor MarketForecast, by Product Type 12.10.1. Furniture 12.10.2. Home Textile 12.10.3. Floor Covering 12.11. Germany Home Decor MarketForecast, by Distribution Channel 12.11.1. Supermarkets & Hypermarkets 12.11.2. Specialty Stores 12.11.3. E-commerce 12.11.4. Others 12.12. Russia Home Decor MarketForecast, by Product Type 12.12.1. Furniture 12.12.2. Home Textile 12.12.3. Floor Covering 12.13. Russia Home Decor MarketForecast, by Distribution Channel 12.13.1. Supermarkets & Hypermarkets 12.13.2. Specialty Stores 12.13.3. E-commerce 12.13.4. Others 12.14. Rest of Europe Home Decor MarketForecast, by Product Type 12.14.1. Furniture 12.14.2. Home Textile 12.14.3. Floor Covering 12.15. Rest of Europe Home Decor MarketForecast, by Distribution Channel 12.15.1. Supermarkets & Hypermarkets 12.15.2. Specialty Stores 12.15.3. E-commerce 12.15.4. Others 12.16. PEST Analysis 12.17. Key Trends 12.18. Key Developments 13. Asia-Pacific Home Decor MarketAnalysis 13.1. Key Findings 13.2. Asia-Pacific Home Decor MarketOverview 13.3. Asia-Pacific Home Decor MarketForecast, by Product Type 13.3.1. Furniture 13.3.2. Home Textile 13.3.3. Floor Covering 13.4. Asia-Pacific Home Decor MarketForecast, by Distribution Channel 13.4.1. Supermarkets & Hypermarkets 13.4.2. Specialty Stores 13.4.3. E-commerce 13.4.4. Others 13.5. Asia-Pacific Home Decor MarketForecast, by Country 13.5.1. China 13.5.2. India 13.5.3. Japan 13.5.4. Malaysia 13.5.5. Indonesia 13.5.6. Rest of Asia-Pacific 13.6. China Home Decor MarketForecast, by Product Type 13.6.1. Furniture 13.6.2. Home Textile 13.6.3. Floor Covering 13.7. China Home Decor MarketForecast, by Distribution Channel 13.7.1. Supermarkets & Hypermarkets 13.7.2. Specialty Stores 13.7.3. E-commerce 13.7.4. Others 13.8. India Home Decor MarketForecast, by Product Type 13.8.1. Furniture 13.8.2. Home Textile 13.8.3. Floor Covering 13.9. India Home Decor MarketForecast, by Distribution Channel 13.9.1. Supermarkets & Hypermarkets 13.9.2. Specialty Stores 13.9.3. E-commerce 13.9.4. Others 13.10. Japan Home Decor MarketForecast, by Product Type 13.10.1. Furniture 13.10.2. Home Textile 13.10.3. Floor Covering 13.11. Japan Home Decor MarketForecast, by Distribution Channel 13.11.1. Supermarkets & Hypermarkets 13.11.2. Specialty Stores 13.11.3. E-commerce 13.11.4. Others 13.12. ASEAN Home Decor MarketForecast, by Product Type 13.12.1. Furniture 13.12.2. Home Textile 13.12.3. Floor Covering 13.13. ASEAN Home Decor MarketForecast, by Distribution Channel 13.13.1. Supermarkets & Hypermarkets 13.13.2. Specialty Stores 13.13.3. E-commerce 13.13.4. Others 13.14. Rest of APAC Home Decor MarketForecast, by Product Type 13.14.1. Furniture 13.14.2. Home Textile 13.14.3. Floor Covering 13.15. Rest of APAC Home Decor MarketForecast, by Distribution Channel 13.15.1. Supermarkets & Hypermarkets 13.15.2. Specialty Stores 13.15.3. E-commerce 13.15.4. Others 13.16. Beverages PEST Analysis 13.17. Key Trends 13.18. Key Developments 14. MEA & Africa Home Decor MarketAnalysis 14.1. Key Findings 14.2. MEA &Africa Home Decor MarketOverview 14.3. MEA &Africa Home Decor MarketForecast, by Product Type 14.3.1. Furniture 14.3.2. Home Textile 14.3.3. Floor Covering 14.4. MEA &Africa Home Decor MarketForecast, by Distribution Channel 14.4.1. Supermarkets & Hypermarkets 14.4.2. Specialty Stores 14.4.3. E-commerce 14.4.4. Others 14.5. MEA &Africa Home Decor MarketForecast, by Country 14.5.1. GCC 14.5.2. South Africa 14.5.3. Rest of MEA & Africa 14.6. GCC Home Decor MarketForecast, by Product Type 14.6.1. Furniture 14.6.2. Home Textile 14.6.3. Floor Covering 14.7. GCC Home Decor MarketForecast, by Distribution Channel 14.7.1. Supermarkets & Hypermarkets 14.7.2. Specialty Stores 14.7.3. E-commerce 14.7.4. Others 14.8. South Africa Home Decor MarketForecast, by Product Type 14.8.1. Furniture 14.8.2. Home Textile 14.8.3. Floor Covering 14.9. South Africa Home Decor MarketForecast, by Distribution Channel 14.9.1. Supermarkets & Hypermarkets 14.9.2. Specialty Stores 14.9.3. E-commerce 14.9.4. Others 14.10. Rest of MEA &Africa Home Decor MarketForecast, by Product Type 14.10.1. Furniture 14.10.2. Home Textile 14.10.3. Floor Covering 14.11. Rest of MEA &Africa Home Decor MarketForecast, by Distribution Channel 14.11.1. Supermarkets & Hypermarkets 14.11.2. Specialty Stores 14.11.3. E-commerce 14.11.4. Others 14.12. PEST Analysis 14.13. Key Trends 14.14. Key Developments 15. Latin AmericaHome Decor MarketAnalysis 15.1. Key Findings 15.2. Latin AmericaHome Decor MarketOverview 15.3. Latin America Home Decor MarketForecast, by Product Type 15.3.1. Furniture 15.3.2. Home Textile 15.3.3. Floor Covering 15.4. Latin America Home Decor MarketForecast, by Distribution Channel 15.4.1. Supermarkets & Hypermarkets 15.4.2. Specialty Stores 15.4.3. E-commerce 15.4.4. Others 15.5. Latin AmericaHome Decor MarketForecast, by Country 15.5.1. Mexico 15.5.2. Brazil 15.5.3. Rest of Latin America 15.6. Mexico Home Decor MarketForecast, by Product Type 15.6.1. Furniture 15.6.2. Home Textile 15.6.3. Floor Covering 15.7. Mexico Home Decor MarketForecast, by Distribution Channel 15.7.1. Supermarkets & Hypermarkets 15.7.2. Specialty Stores 15.7.3. E-commerce 15.7.4. Others 15.8. Brazil Home Decor MarketForecast, by Product Type 15.8.1. Furniture 15.8.2. Home Textile 15.8.3. Floor Covering 15.9. Brazil Home Decor MarketForecast, by Distribution Channel 15.9.1. Supermarkets & Hypermarkets 15.9.2. Specialty Stores 15.9.3. E-commerce 15.9.4. Others 15.10. Rest of LA Home Decor MarketForecast, by Product Type 15.10.1. Furniture 15.10.2. Home Textile 15.10.3. Floor Covering 15.11. Rest of LA Home Decor MarketForecast, by Distribution Channel 15.11.1. Supermarkets & Hypermarkets 15.11.2. Specialty Stores 15.11.3. E-commerce 15.11.4. Others 15.12. PEST Analysis 15.13. Key Trends 15.14. Key Developments 16. Company Profiles 16.1. Market Share Analysis, by Company 16.2. Market Share Analysis, by Region 16.3. Market Share Analysis, by Country 16.4. Competition Matrix 16.4.1. Competitive Benchmarking of key players by price, presence, market share, Raw materialand R&D investment 16.4.2. New Raw materialLaunches and Raw materialEnhancements 16.4.2.1. Market Consolidation 16.4.2.2. M&A by Regions, Investment and Raw material 16.4.2.3. M&A Key Players, Forward Integration and Backward Integration 16.5. Company Profiles: Key Players 16.5.1. Inter IKEA Systems BV 16.5.2. Forbo International SA 16.5.3. Armstrong World Industries, Inc. 16.5.4. Mannington Mills Inc. 16.5.5. Mohawk Industries Inc. 16.5.6. Shaw Industries Group, Inc. 16.5.7. Herman Miller Inc. 16.5.8. Ashley Furniture Industries Ltd. 16.5.9. Kimball International 16.5.10. Duresta Upholstery Ltd. 16.5.11. home24 16.5.12. Hanssem Corporation 16.5.13. Koninklijke Philips N.V. 16.5.14. Conair Corporation 16.5.15. Suofeiya Home Collection Co., Ltd. 16.5.16. Springs Window Fashions LLC 16.5.17. Siemens AG. 16.5.18. J.C. Penney 16.5.19. Otto 16.5.20. Sears Holdings

About This Report

Report ID 21247
Category Consumer Goods & Services
Published Date September 2019
Updated Date Oct 2021
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