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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Home Decor Market Size
The global home decor market size reached approximately USD 782.44 billion in 2023. The market is projected to grow at a CAGR of 4.8% between 2024 and 2032, reaching a value of around USD 1,193,17 billion by 2032.
Key Takeaways
- Consumers are increasingly seeking items made from natural, recycled, or responsibly sourced materials due to rising environmental consciousness.
- Online platforms have made it easier for consumers to access a wide range of products from around the world.
- As living spaces become smaller, especially in urban areas, there is a demand for versatile and multifunctional furniture.
Home decor refers to the aesthetic components used for making a home visually appealing and attractive. It includes physical objects and items such as art, furniture and accessories, placement of physical objects and items, and materials such as flooring, sealings, and coverings. Apart from increasing visual appeal, home decor helps in keeping homes well-maintained and organised.
The major factors propelling the global home decor market growth include increasing renovation and remodelling activities in the residential sector. Renovation and remodelling allow homeowners to alter their surroundings to better suit their current needs without spending huge amounts of money on moving and customising a new home. There is a growing availability of home decor across various distribution channels such as supermarkets hypermarkets and speciality stores. Furthermore, the rising convenience of online shopping with facilities such as online payments and home delivery is aiding the home decor market development.
Home Decor Market Report Snapshots
Home Decor Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 782.44 billion in 2023.
The market is projected to grow at a CAGR of 4.8% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1,193.17 billion by 2032.
The major market drivers include the expansion of the real estate sector and growing popularity of eco-friendly home décor objects and materials.
The key trends fuelling the growth of the market include increasing renovation and remodelling activities, rising influence of social media platforms, and growing availability of home decor across various distribution channels.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant distribution channels for home decor include supermarkets and hypermarkets, speciality stores, and online, among others.
The major players in the market are Inter IKEA Systems B.V., Forbo Holding Ltd, Armstrong World Industries, Inc., Mannington Mills Inc., Mohawk Industries, Inc., Shaw Industries Group, Inc., MillerKnoll, Inc., Ashley Home Stores, Ltd., Kimball International Inc., and Duresta Upholstery Ltd, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124