Home Decor Market Research Report

GMI Research's recent analysis, global home decor market, forecast to 2027, examines the trends in this market and how they are evolving across the different key geographic regions of the world. The development of the interior designing industry and rapid urbanization are the key factors driving the growth of the home décor market.

Introduction of the Home Decor Market:

The method by which internal and external space in the individual's home is made more attractive and functionally useful is called home décor. It is used for decorating a home with different design elements, such as the style of furniture, floor design, color, and others. It is usually done by a person who has an interest in decorating the home or by interior designers.

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Home Decor Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

The development of the interior designing industry and rapid urbanization are some of the factors surging the growth of the global home décor market size. Individuals are drastically shifting from urban areas to rural areas. According to the analysis of UN, Department of Economics and Social Affairs, about world's 68% of the population will live in urban areas by the end of 2050. Moreover, the world population can add about 2.5 billion people more to urban areas by 2050. According to the home décor market research, people are shifting from rural areas to cities looking for better job opportunities, enhanced lifestyles, and more facilities, but nowadays, the house is a symbol of status for many individuals. People prefer to stay in a house which is attractive to safety and comfort which is the emerging trend for home décor market. Thereby, the growing urbanization has led to an increase in the demand for home décor industry among individuals in urban areas.

Presently, the raw materials generally used for home décor, include stone, wood, rattan, fabric, and others, are high in cost, which is restricting people from using these materials to decorate their houses. In addition to this, rising disposable income of individuals, particularly in the developing countries, it is observed that there is a decrease in the cost of raw materials and might become more affordable for a larger range of population, thus creating various growth opportunities for home décor market at a global level.

Key Players of the Global Home Decor Market:

·        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 Decor Market Segmentation:

Segmentation by Product:

·        Furniture

·        Textile

·        Flooring

·        Others

Segmentation by Application:

·        Indoor 

·        Outdoor 

Segmentation by Distribution Channel:

·        Supermarkets & Hypermarkets

·        Specialty Stores

·        E-commerce

·        Others

Segmentation 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)

About GMI Research

GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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