PUBLISHER: Value Market Research | PRODUCT CODE: 1547882
PUBLISHER: Value Market Research | PRODUCT CODE: 1547882
The global demand for Home Decor Market is presumed to reach the market size of nearly USD 1668.69 Billion by 2032 from USD 905.37 Billion in 2023 with a CAGR of 7.03% under the study period 2024-2032.
Home decor refers to styling or decorating room through furnishing or adding additional elements in the interior as well as exterior across the home, office and other spaces. Some of the items used for decorating the interior includes lamps, candles, curtains, cushions, artifacts, carpets, wall decor items to enhance the beauty of the room. Different home decor style includes modern, contemporary, traditional, mid-century design, scandinavian style, rustic style and many more according to taste of the customer.
The growth of the home decor market is increasing significantly, including the emerging economies where home accessories and other related products are gaining high acceptance in the home decor market. The impact of this factor in home decor market is expected to increase during the forecast period due to the growth of the real estate industry in the large cities and transformation from traditional to urban living. Consumers in the developing economies are learning to renovate and redesign their homes with the help of home decor in order to make it more attractive and a better place to live in. therefore the market of home decor is gaining popularity globally. Consumers are connecting the idea of home decor with that of spirituality and aesthetic pleasures and the branded stores are offering their ideas and products in the similar manner. However, the home decor products are costly and it becomes slightly difficult for the whole world to grab the best home decor at a stupendous price. It is certainly a matter of fact that the urbanization in countries of the Asia Pacific, Latin America are increasing where the purchasing power of individuals are also increasing to afford such luxuries in life.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Home Decor . The growth and trends of Home Decor industry provide a holistic approach to this study.
This section of the Home Decor market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Home Decor market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Home Decor market include Inter IKEA Systems B.V., Kimball International Inc., Herman Miller Inc., Home24, Hanssem Corporation, Koninklijke Philips N.V., Conair Corporation, Suofeiya Home. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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