The global home furnishing market is anticipated to register an impressive CAGR during the forecast period.
Furniture, fabrics, flooring, and other things are the primary categories of home decor. Moveable items used to simplify daily life and provide comfort for rest and relaxation are referred to as furniture. The various price points include premium and mass. These are sold in a variety of indoor and outdoor application locations and are supplied through supermarkets, hypermarkets, specialty shops, e-commerce, and other outlets.
The market for
Additionally, it is expected that the rising homeownership rates would have a favorable effect on this market as a result of the recovery of the global real estate sector. The robust success of the online retail industry is another important factor influencing this market. With the advent of online retail, purchasing home decor is now simple, economical, and convenient.
Increasing Internet Penetration Fuels Market Growth
with 12 gigabytes consumed per month according to The Economic Times, an Indian business journal. India also adds 25 million new smartphone users every three months.
Strategic Collaborations Propels Market Growth
Dabito, a designer, photographer, artist, and the creator of Old Brand New, joined forces with Mitzi, a US-based home decor firm, in April 2022. 12 new Mitzi pieces were produced as a result of this cooperation, ranging from wall sconces to chandeliers, and they are all equally sleek, modern, and desirable.
Increasing Trend of Home Decoration Fuels Market Growth
The interior design of a consumer's house can make an impression on their lifestyle. Home décor items are used in conjunction with other accessories and furnishings to give a home or apartment a more aesthetically pleasant and welcoming appearance. Household furnishings, lamps, linens, floor coverings, pots, antiquities, and other furnishing items are examples of objects used in home decor. With rising urbanization and globalization trends, home decoration has become more popular in both developed and developing economies. Nowadays, consumers may easily and widely access these ornamental objects, patterns, and concepts, owing to globalization. In order to make their homes more aesthetically pleasing and well-organized, homeowners are opting for such products which is driving market growth.
Market Segmentation
Company Profile
Walmart Inc., Bed Bath & Beyond Inc., IKEA Group, Macy's, Inc., Wayfair LLC, Home Depot Product Authority, LLC, Carrefour, Herman Miller, Inc., Penney IP LLC, Haworth Inc. Ltd are
Attribute | Details |
Base Year | 2022 |
Historical Years | 2018 – 2021 |
Estimated Year | 2023 |
Forecast Period | 2024 – 2028 |
Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023-2028 |
Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered | · Product Type · Distribution Channel |
Regional Scope | North America, Europe, Asia-Pacific, Middle East & Africa, and South America |
Country Scope | United States, Canada, Brazil, China, Japan, India, Indonesia, Vietnam, Russia, Italy, France, Spain, United Kingdom, Saudi Arabia, Egypt, UAE, Turkey, Brazil, Argentina, Colombia |
Key Companies Profiled | Walmart Inc., Bed Bath & Beyond Inc., IKEA Group, Macy's, Inc., Wayfair LLC, Home Depot Product Authority, LLC, Carrefour, Herman Miller, Inc., Penney IP LLC, Haworth Inc. Ltd, etc. |
Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |