Global Home Decor Market By Overview
Home decor market Size was valued at USD 17 Billion in 2024 and is expected to reach USD 26.2 Billion by 2034 growing at a CAGR of 3.7%.
The home decor market encompasses a broad range of products designed to enhance the aesthetic and functionality of living spaces. This market includes furniture, lighting, textiles, wall art, and decorative accessories, catering to various tastes and styles, from modern and minimalist to traditional and eclectic.
In recent years, the market has seen significant growth due to rising disposable incomes, increased home ownership, and a growing emphasis on interior design. The trend towards remote work and spending more time at home has also driven demand, as people seek to create comfortable and visually appealing environments. Sustainability is a key trend, with consumers increasingly opting for eco-friendly materials and products. Additionally, the rise of e-commerce has made it easier for people to access a wider variety of home decor items from around the world, often at competitive prices. Social media platforms like Instagram and Pinterest have played a major role in influencing home decor trends, with influencers and DIY enthusiasts showcasing their styled spaces, inspiring others to update their homes. Overall, the home decor market continues to evolve, driven by changing lifestyles, consumer preferences, and technological advancements.
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Global Home Decor Market By Dynamics
Key Drivers of Target Market:
Rising Disposable Income:
- As individuals increase their income, they are more inclined to spend on improving their living environments, resulting in increased interest in home decor items. The standard of living is rising.
Rising Home Ownership:
- An increase in global home ownership rates drives the need for home décor as new homeowners look to customize their living spaces. The natural population growth factor is beneficial in the market.
Restrains:
High Cost:
- Economic downturns can lead to reduced consumer spending on non-essential items like home decor, negatively impacting the market.
Global Home Decor Market By Segmentation
The market is segmented based on Product Type, End-User, and Region.
Product Type Insights:
- Furniture: It includes all the standard items like table, chair and decorative items
o Kitchen, living room and bedroom: Important pieces of furniture such as cabinets, sofas, beds, and storage units created for comfort and practicality in these main spaces of the house
o Bathroom: Vanity units, storage solutions, and practical elements such as shelves and seating created to improve both the appearance and functionality of the bathroom.
o Outdoor: Furniture made for patios, gardens, or balconies, such as seating, tables, and storage that can endure outdoor weather.
o Lighting: Different lighting fixtures such as chandeliers, table lamps, and wall sconces offer both practical light and decorative charm.
- Textiles: Comfortable and stylish soft materials that improve the feel and look of various parts of the house.
o Rugs: Practical and attractive floor coverings that enhance rooms with both style and comfort.
o Bath Textiles: Towels, bath mats, and shower curtains that bring both color and coziness to the restroom.
o Kitchen And Dining Textiles: Products such as tablecloths, napkins, and kitchen towels that enhance both functionality and aesthetic appeal in dining spaces.
o Living Room Textiles: Pillows, blankets, and drapes that enhance the comfort and visual charm of living areas.
- Floor Coverings: Materials utilized for the purpose of covering and enhancing floors, playing a role in the aesthetic appeal and ambiance of a space.
o Tiles: Resilient and waterproof type of flooring, often found in kitchen and bathroom areas.
o Wood and Laminate: Flexible and durable flooring options commonly utilized in heavily trafficked zones for their long-lasting nature and simple upkeep.
o Vinyl and Rubber: Gentle flooring choices that offer a cozy surface and can be utilized to distinguish different areas.
o Carpets: Encompasses rarer materials such as linoleum, cork, bamboo, and concrete, all providing distinct textures and environmentally-friendly choices for designing floors
End-User Insights:
- Household: This group consists of single consumers who buy home decor items for their own homes. Families are looking for decor pieces to improve the comfort, style, and practicality of their homes, including furniture, textiles, and rugs. The emphasis is on designing a customized space that mirrors the homeowner's preferences and way of living.
- Commercial: This category includes businesses and organizations that buy home decor items for commercial use in places such as offices, hotels, restaurants, and retail stores. The main objective is to establish a welcoming and efficient setting for both customers and employees. Business consumers frequently focus on durability, style, and brand recognition in their choice of decorative item.
Regional Insights
- North America: North America is one of the leading players in the home decor market worldwide, owing to the presence of a well-organized ecosystem for innovation and market development. The most important factors in the region are the well-developed home decor industries, besides high levels of disposable income. Leading companies invest heavily in developing interior designing with better functionality and broader applications, continuously pushing the boundaries of infrastructural visuals.
- Asia Pacific: The highest growth in the global specialty enzyme market is witnessed in Asia. Several reasons trigger this growth. The furniture and décor industries in this region are the fastest growing. Second, there is a growth in healthcare spending within the Asia Pacific. Lastly, there is an enhanced demand for processed foods in the region. Other than the above factors, governments of various countries in the region have been enacting policies and initiating funding programs to support and increase comfort; this indirectly impacts the home decor market.
- Europe: The home decor market is well-matured and developed in Europe, with strong innovation and regulatory emphasis. Europe's leading companies had always excelled in making high-quality, home decor for all applications.
- Latin America: The Latin American home decor market is emerging and promises high growth. The company has witnessed reasonable growth from different End-Users for some time now. The moment the economies in the region start on a growing path, disposable income also goes up. This will increase the carpet industry and many others, which heavily require home decor. On the other hand, there is excellent awareness about health in Latin America, which consequently gives way to increasing demand for various diagnostic tests and treatments, including home decor.
- Middle East and Africa: MEA is yet another developing market for home decor, with the expansion being quite stifled due to certain constraints. On the other hand, the capability to produce home decor is low in the MEA market. The region would heavily depend on imports from the rest of the world. Further, the regulatory frameworks for home decor may vary substantially between countries in the MEA region.
Home decor market Report Scope:
|
Attribute |
Details |
|
Market Size 2024 |
USD 17 Billion |
|
Projected Market Size 2034 |
USD 26.2 Billion |
|
CAGR Growth Rate |
3.7% |
|
Base year for estimation |
2023 |
|
Forecast period |
2024 – 2034 |
|
Market representation |
Revenue in USD Billion & CAGR from 2024 to 2034 |
|
Market Segmentation |
By Product- Furniture (Kitchen, Living and Bedroom, Bathroom, Outdoor, and Lighting), Textiles (Rugs, Bath Textiles, Kitchen and Dining Textiles, and Living Room Textiles), Floor Coverings (Tiles, Wood and Laminate, Vinyl and Rubber, Carpets and Rugs, and Other Floor Coverings By End-User-Household and Commercial |
|
Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study segmented the target market report based on Product Type, End-User, Application, and Region.
Segmentation:
By Product Type:
- Furniture (Kitchen, Living and Bedroom, Bathroom, Outdoor, and Lighting)
- Textiles (Rugs, Bath Textiles, Kitchen and Dining Textiles, and Living Room Textiles)
- Floor Coverings (Tiles, Wood and Laminate, Vinyl and Rubber, Carpets and Rugs, and Other Floor Coverings)
By End-User:
- Household
- Commercial
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
Global Home Decor Market By Key Players
The key players operating the Home decor market Kimball International, Inc, Herman Miller, Inc, Ashley Furniture Industries, Inc, Costco Wholesale Corporation, J. C. Penney Company, Inc., Stitching INGKA Foundation, Berkshire Hathaway, Inc., Mannington Mills Inc, Williams-Sonoma, Inc, and Bed Bath & Beyond Inc.
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Global Home Decor Market By Company Profile
- Kimball International, Inc. *
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Herman Miller, Inc
- Ashley Furniture Industries, Inc
- Costco Wholesale Corporation
- J. C. Penney Company, Inc
- Stichting INGKA Foundation
- Berkshire Hathaway, Inc.
- Mannington Mills Inc
- Williams-Sonoma, Inc
- Bed Bath & Beyond Inc.
“*” marked represents similar segmentation in other categories in the respective section.
Global Home Decor Market By Table of Contents
Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
Market Preview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By End-User
- Market Snippet, By Region
- Opportunity Map Analysis
Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- Product Launch
- Merger and Acquisitions
- Impact Analysis
- PEST Analysis
- Porter’s Analysis
Market Segmentation, By Product Type, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Furniture (Kitchen, Living and Bedroom, Bathroom, Outdoor, and Lighting)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Textile (Rugs, Bath Textiles, Kitchen and Dining Textiles, and Living Room Textiles)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Floor Covering (Tiles, Wood and Laminate, Vinyl and Rubber, Carpets and Rugs, and Other Floor Coverings)
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By End-User, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Segment Trends
- Household
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
- Commercial
- Overview
- Market Size and Forecast (USD Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
Market Segmentation, By Region, Forecast Period up to 10 Years, (USD Bn)
- Overview
- Market Value and Forecast (USD Bn), and Share Analysis (%), Forecast Period up to 10 Years
- Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
- Regional Trends
- North America
- Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- U.S
- Canada
- Asia Pacific
- Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Europe
- Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
- Latin America
- Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Market Size and Forecast (USD Bn), By Product Type, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By End-User, Forecast Period up to 10 Years
- Market Size and Forecast (USD Bn), By Country, Forecast Period up to 10 Years
- GCC
- Israel
- South Africa
- Rest of Middle East and Africa
Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Kimball International, Inc
- Herman Miller, Inc
- Ashley Furniture Industries, Inc
- Costco Wholesale Corporation
- J. C. Penney Company, Inc
- Stitching INGKA Foundation
- Berkshire Hathaway, Inc.
- Mannington Mills Inc
- Williams-Sonoma, Inc
- Bed Bath & Beyond Inc.
The Last Word
- Future Impact
- About Us
- Contact
FAQs
Home decor market Size was valued at USD 17 Billion in 2024 and is expected to reach USD 26.2 Billion by 2034 growing at a CAGR of 3.7%
The Home decor market is segmented into Product Type, End-User, and Region.
Factors driving the market include the growing populations and urbanization as well as home aesthetics.
The Home decor market's restraints include the unstable economic factors for home decor, which are among the major constraints to the sector's growth.
The market is segmented by region into North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa. North America is expected to dominate the Market.
The key players operating the home decor market include Kimball International, Inc, Herman Miller, Inc, Ashley Furniture Industries, Inc, Costco Wholesale Corporation, J. C. Penney Company, Inc, Stitching INGKA Foundation, Berkshire Hathaway, Inc., Mannington Mills Inc, Williams-Sonoma, Inc, and Bed Bath & Beyond Inc.