Home décor market is witnessing a robust growth all over the world. Items like furniture, floor covering and textiles are important components of home décor. Due to the rapid growth of the real estate industry the home décor market is growing at a steady pace. Also, factors such as globalization have facilitated the easier and variety of choices in home décor products and designs for the consumers. In addition, a trend of using eco-friendly products that have a low key impact on the environment has also boosted the growth of the home décor market. Moreover, a dazzling growth of the online retail segment for buying things like furniture where such home décor products are available at a discounted or affordable prices have also spurred market growth. In addition, improving lifestyle and an increase in the disposable incomes is also encouraging the growth of the home décor market. However, increasing cost of raw materials such as wood and leather is limiting the growth of this market.
Home décor consists of the decoration of a liveable interior where layout and furnishings of a space are enhanced using ornamentation and beautification. Items like household furniture, furnishings for home and other decorative items like lamps, clay pots, artefacts and candles etc. are used for home décor.
This Future Market Insights report on the global home decor market forecasts that the global home decor market will touch a value of nearly US$ 855,680 Mn in the year 2022 and grow at a robust CAGR during the assessment period.
APEJ Market Set to Dominate the Global Home Decor Market in Terms of Revenue
The market in APEJ is set to dominate the global home decor market in terms of value and this trend is projected to sustain itself throughout the assessment period. APEJ Home decor market is the most attractive market, growing at a robust CAGR over the assessment period.
Home Furniture Segment Poised to Touch a Value of Nearly US$ 202,900 Mn in 2022
As per the forecast of Future Market Insights, the home furniture segment is expected to reach a value of nearly US$ 202,900 Mn in the year 2022. This represents a robust CAGR during the forecast period of 2017-2022. Home furniture segment is expected to account for more than one-fifth of the revenue share of the product type segment by the year 2017 and is expected to gain market share by the end of the year 2022.
Retail Stores Segment to exhibit a CAGR of 6.3% During the Assessment Period
As per the forecast of Future Market Insights, the retail stores segment is slated to touch a figure of nearly US$ 272,300 Mn in the year 2022. This represents a CAGR of 6.3% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The retail stores segment is expected to account for nearly one-third of the revenue share of the distribution channel segment by the year 2017.
The report also profiles companies that are expected to remain active in the expansion of global home decor market through 2022, which include Inter Ikea Systems B.V, Koninklijke Philips N.V., Suofeiya Home Collection Co., Ltd., Springs Window Fashions LLC, Zepter International Inc., Conair Corporation, Siemens AG, Hanssem Co., Ltd., Samson Holding Ltd. and The Oneida Group, Inc.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Future Market Insights
Future Market Insights delivers yet another unbiased, comprehensive and insightful report titled ‘Home Décor Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)’. In this report, the global home décor market is explored in vast detail, and the market dynamics of the global home décor market have been covered comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market. Also, analysis of the data over different parameters has been done in order to arrive at market numbers concerning the global home décor market. In addition, the competition landscape of the global home décor market is also covered in this report, giving valuable information about the key companies operating in the global home décor market.
In the first part of the report, the executive summary and the introduction are stated. The executive summary gives a summary of the global home décor market and gives the pertinent market numbers that are most significant, which include the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in the year 2022. Information about lucrative markets from the point of view of leading revenue share and highest CAGR are also given in the executive summary.
In the introduction section, home décor is defined in detail so that the report readers are clear about the scope of this market.
The next section of the report gives information on the key dynamics of the home décor market. Key points covered in this section include the global economy, fiscal stimulus and bottom line of enterprises.
In the subsequent section of the report, information is given on the cost structure analysis and pricing analysis of the global home décor market. Information is also given on raw material sourcing strategy and analysis and innovations in products. An analysis on the market presence of key participants (intensity map) is also offered in this section.
The next part of the report consists of the global home décor market analysis and forecast by product type, distribution channel, application and region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The global home décor market is also analysed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA.
The last section of the report contains the competition landscape, where leading market players operating in the global home décor market are profiled in detail. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape also features the SWOT analysis of the selected companies, which gives the report readers information about the strengths, weaknesses, opportunities and the threats that such companies operating in the global home décor market are facing. The competition landscape is an invaluable part of the report as it contains all the necessary information to study the leading companies operating in the global home décor market and how they implement their strategies and vision to stay in the pole position in this highly competitive market.
The report on the global home décor market is backed by an exhaustive research methodology that relies on both primary and secondary research to gain all the necessary insights into the global home décor market. This report is validated several times by the team of diverse, expert analysts of Future Market Insights using proprietary tools so that it can be used as an authoritative source by the esteemed clients of Future Market Insights.