Global Home Decor Market to Reach USD 1,104.0 Billion by 2033, Impelled by Growing Real Estate Sector

December 04, 2024 | Retail

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According to the latest report by IMARC Group, titled “Home Decor Market Report by Product Type (Home Furniture, Home Textiles, Flooring, Wall Decor, Lighting, and Others), Distribution Channel (Home Décor Stores, Supermarkets and Hypermarkets, Online Stores, and Others), and Region 2025-2033,” the global home decor market reached a value of USD 779.8 Billion in 2024. Home decor is the act of making a residential space more attractive and visually appealing by decorating its interiors. It includes various aesthetic components, such as color, furniture, window coverings, and artworks. Some of the common home decor items include furniture, lamps, floor coverings, vases, artifacts and furnishing items. Inflating income levels and improved living standards have led to a rise in the number of individual households. This has created a significant demand for home décor products across the globe.

Global Home Decor Market Trends:

Rapid development in the real estate sector and a significant shift of the population from rural to urban areas are majorly driving the global home decor market. Besides this, the growing consumer preference toward remodeling and renovating their homes after particular periods is further fueling the demand for luxury home décor items across the globe. Moreover, increasing environmental consciousness amongst consumers has given rise to the demand for eco-friendly home decor products, which has created numerous growth opportunities in the market. The market is also being driven by aggressive marketing strategies, including celebrity endorsements and advertising on social media platforms. Furthermore, the proliferation of online stores with the availability of a dynamic product portfolio and customization features for consumers is creating a positive outlook for the market. Looking forward, the market value is expected to reach USD 1,104.0 Billion by 2033, growing at a CAGR of 3.9% during 2025-2033.

Market Summary:

On the basis of the product type, the market has been classified into home furniture, home textiles, flooring, wall decor, lighting and others. Currently, home furniture is the most popular product type.
According to the distribution channel, the market has been classified into home décor stores, supermarkets and hypermarkets, online store, gift shops and others.
On a regional basis, the market has been spread across North America, Asia Pacific, Europe, Latin America and Middle East and Africa. Amongst these, North America holds the leading position in the market.
The competitive landscape of the market has also been analyzed with the detailed profiles of the key players operating in the market. Some of these players include Ashley Furniture Industries Inc., Duresta Upholstery Ltd., Forbo Holding AG, Hanssem Co. Ltd., Herman Miller Inc., Inter IKEA Systems B.V., Kimball International Inc. (HNI Corporation), Koninklijke Philips N.V., Mannington Mills Inc., Mohawk Industries Inc., Samson Holding Ltd., Shaw Industries Group Inc. (Berkshire Hathaway Inc.), Sophia Home, Springs Window Fashions and Suofeiya Home Collection Co. Ltd.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	Ashley Furniture Industries Inc., Duresta Upholstery Ltd., Forbo Holding AG, Hanssem Co. Ltd., Herman Miller Inc., Inter IKEA Systems B.V., Kimball International Inc. (HNI Corporation), Koninklijke Philips N.V., Mannington Mills Inc., Mohawk Industries Inc., Samson Holding Ltd., Shaw Industries Group Inc. (Berkshire Hathaway Inc.), Sophia Home, Springs Window Fashions and Suofeiya Home Collection Co. Ltd.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Home Decor Market to Reach USD 1,104.0 Billion by 2033, Impelled by Growing Real Estate Sector

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