Home Décor Market – Global Opportunities & Forecast, 2020-2027

GMI Research market report focuses on providing an overview of the industry through detailed market segmentation. The report has information related to the overview and scope of the market followed by the key drivers, restraints, and emerging trends in the market. This report is especially designed to include both qualitative and quantitative aspects of the industry in each region and country included in the study.

List of Significant Manufacturers in the Home Décor Market include:

·         IKEA Systems B.V.

·         Kimball International, Inc.

·         Herman Miller, Inc.

·         Hanssem Corporation

·         HOME24

·         Koninklijke Philips N.V

·         Suofeiya Home Collection Co., Ltd.

·         Springs Window Fashions LLC

Home Décor Market Drivers and Restraints:

The key factors boosting the growth of the global home décor market include the expansion of the interior designing industry and increasing urbanization. It has been observed that individuals are changing gradually from rural areas to urban areas. According to the UN's analysis, Department of Economics and Social Affairs world’s 68% of the population would live in urban areas by 2050. Moreover, the world population could add another 2.5 billion people to urban areas by 2050. People from rural areas shift to cities in search of more facilities, better opportunities, employment, and an enhanced lifestyle. This change has led to a rise in individuals' disposable income, which has changed the lifestyle of people. Presently, living in a house is not a basic need of an individual, but the house symbolizes status. Thereby, the growing urbanization has propelled the demand for home décor among individuals in urban areas.

The raw materials used for home décor, such as stone, wood, fabric, rattan, and others, are expensive, restricting people from using such materials to decorate their houses. However, owing to the rising disposable income of individuals, particularly in the developing countries, it is anticipated that the cost of raw materials would reduce, or they might become more affordable for a larger range of population, which leads to the growth opportunity for home décor market across the globe.

Segmentation: Home Décor Market

Home Décor Market: By Product

·         Furniture

·         Textile

·         Flooring

·         Others

Home Décor Market: By Application

·         Indoor

·           Outdoor

Home Décor Market: By Distribution Channel

·         Supermarkets & Hypermarkets

·         Specialty Stores

·         E-commerce

·         Others

Home Décor Market: By Region

·         North America

 

o   United States of America

o   Canada

 

·         Asia Pacific

 

o   China

o   Japan

o   India

o   Rest of APAC

 

·         Europe

 

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

 

·         RoW

 

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

 

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