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Home Decor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global home decor market size reached a value of US$ 682 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 898.3 Billion by 2027, exhibiting at a growth rate (CAGR) of 4.8% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Home decor refers to aesthetic components and accessories used to make residential spaces aesthetically appealing. It includes furniture, showpieces, key holders, flower vases, quoted wall hangers, wooden wall shelves, scented candles, tealight candle holders, and decorative mirror stickers. It also comprises home textiles, such as bath, kitchen and dining room, living room, and bedroom textiles and laminated floor coverings. It boosts mood and assists in keeping homes more organized and well-maintained. As a result, the demand for home decor items is rising worldwide.

 

 
 

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Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Market Trends and Drivers:

The increasing construction, remodeling, and renovating activities in residential and commercial spaces currently represent one of the key factors positively influencing the market. In addition, the shifting population from rural to urban areas and the increasing expenditure capacity of individuals are catalyzing the demand for home decor items across the globe. Apart from this, a considerable rise in the trade activities of decorative products is creating a positive market outlook. In line with this, the rising internet penetration and shifting consumer reliance on smartphones is increasing the sales of home decor products through online platforms. Furthermore, the easy availability of aesthetic components at discounted rates, coupled with the facilities of free home delivery and secured online payment methods, is offering lucrative growth opportunities to manufacturers. Additionally, the rising awareness among individuals about the benefits of using eco-friendly materials is encouraging leading market players to expand their product portfolios. Moreover, they are focusing on strategic collaborations with interior designers to provide consumers with customized home decor items, which is anticipated to propel market growth in the coming years.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global home decor market report, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type and distribution channel.

Breakup by Product Type:

 

 
 

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  • Home Furniture
  • Home Textiles
  • Flooring
  • Wall Decor
  • Lighting
  • Others


Home furniture is the most popular product as it offers utility and enhances the aesthetic appeal of residential places.

Breakup by Distribution Channel:

  • Home Décor Stores
  • Supermarkets and Hypermarkets
  • Online Store
  • Gift Shops
  • Others


Home decor stores account for the majority of the market share as they are easily accessible and offer a wide range of products at affordable rates. They also provide customized decorative items to customers.

Breakup by Region:

 

 
 

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  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America


North America exhibits a clear dominance in the market due to the flourished retail sector and the presence of various prominent players in the region.

Competitive Landscape 

The competitive landscape of the industry has also been examined along with the profiles of the key players Ashley Furniture Industries Inc., Duresta Upholstery Ltd., Forbo Holding AG, Herman Miller Inc., Inter IKEA Systems B.V., Kimball International Inc., Koninklijke Philips N.V., Mannington Mills Inc., Mohawk Industries Inc., Hanssem Co., Ltd., Siemens AG, Springs Window Fashions, LLC, Suofeiya Home Collection Co., Ltd., Samson Holding Ltd, Shaw Industries Group Inc. (Berkshire Hathaway Inc.) and Sophia Home.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
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, Herman Miller Inc., Inter IKEA Systems B.V., Kimball International Inc., Koninklijke Philips N.V., Mannington Mills Inc., Mohawk Industries Inc., Hanssem Co., Ltd., Siemens AG, Springs Window Fashions, LLC, Suofeiya Home Collection Co., Ltd., Samson Holding Ltd, Shaw Industries Group Inc. (Berkshire Hathaway Inc.) and Sophia Home
Customization Scope 10% Free Customization
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1   Preface
2   Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Home Decor Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Breakup by Product Type
    5.5    Market Breakup by Distribution Channel
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Raw Material Procurement
        5.9.3    Manufacturing
        5.9.4    Marketing
        5.9.5    Distribution
        5.9.6    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6   Market Breakup by Product Type
    6.1    Home Furniture
        6.1.1    Market Trends
        6.1.2    Market Forecast   
    6.2    Home Textiles
        6.2.1    Market Trends
        6.2.2    Market Forecast
    6.3    Flooring 
        6.3.1    Market Trends
        6.3.2    Market Forecast
    6.4    Wall Decor
        6.4.1    Market Trends
        6.4.2    Market Forecast
    6.5    Lighting
        6.5.1    Market Trends
        6.5.2    Market Forecast
    6.6   Others
        6.6.1    Market Trends
        6.6.2    Market Forecast
7   Market Breakup by Distribution Channel
    7.1    Home Décor Stores
        7.1.1    Market Trends
        7.1.2    Market Forecast
    7.2    Supermarkets and Hypermarkets
        7.2.1    Market Trends
        7.2.2    Market Forecast
    7.3    Online Store
        7.3.1    Market Trends
        7.3.2    Market Forecast
    7.4    Gift Shops
        7.4.1    Market Trends
        7.4.2    Market Forecast
    7.5    Others
        7.5.1    Market Trends
        7.5.2    Market Forecast
8   Market Breakup by Region
    8.1    North America
        8.1.1    Market Trends
        8.1.2    Market Forecast
    8.2    Europe
        8.2.1    Market Trends
        8.2.2    Market Forecast
    8.3    Asia Pacific
        8.3.1    Market Trends
        8.3.2    Market Forecast
    8.4    Middle East and Africa
        8.4.1    Market Trends
        8.4.2    Market Forecast
    8.5    Latin America
        8.5.1    Market Trends
        8.5.2    Market Forecast
9   Competitive Landscape
    9.1    Market Structure
    9.2    Key Players
    9.3    Profiles of Key Players
        9.3.1   Ashley Furniture Industries Inc.
        9.3.2   Duresta Upholstery Ltd.
        9.3.3   Forbo Holding AG
        9.3.4   Herman Miller Inc.
        9.3.5   Inter IKEA Systems B.V.
        9.3.6   Kimball International Inc.
        9.3.7   Koninklijke Philips N.V.
        9.3.8   Mannington Mills Inc.
        9.3.9   Mohawk Industries Inc.
        9.3.10   Hanssem Co., Ltd.
        9.3.11   Siemens AG
        9.3.12   Springs Window Fashions, LLC
        9.3.13   Suofeiya Home Collection Co., Ltd.
        9.3.14   Samson Holding Ltd
        9.3.15   Shaw Industries Group Inc. (Berkshire Hathaway Inc.)
        9.3.16   Sophia Home
 

List of Figures

Figure 1: Global: Home Decor Market: Major Drivers and Challenges
Figure 2: Global: Home Decor Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Home Decor Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Home Decor Market: Breakup by Distribution Channel (in %), 2021
Figure 5: Global: Home Decor Market: Breakup by Region (in %), 2021
Figure 6: Global: Home Decor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 7: Global: Home Decor Industry: SWOT Analysis
Figure 8: Global: Home Decor Industry: Value Chain Analysis
Figure 9: Global: Home Decor Industry: Porter’s Five Forces Analysis
Figure 10: Global: Home Decor (Home Furniture) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 11: Global: Home Decor (Home Furniture) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 12: Global: Home Decor (Home Textiles) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 13: Global: Home Decor (Home Textiles) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 14: Global: Home Decor (Flooring) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 15: Global: Home Decor (Flooring) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 16: Global: Home Decor (Wall Decor) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 17: Global: Home Decor (Wall Decor) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 18: Global: Home Decor (Lighting) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 19: Global: Home Decor (Lighting) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 20: Global: Home Decor (Others) Market: Sales Value (in Billion US$), 2016 & 2021
Figure 21: Global: Home Decor (Others) Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 22: Global: Home Decor Market: Sales through Home Décor Stores (in Billion US$), 2016 & 2021
Figure 23: Global: Home Decor Market Forecast: Sales through Home Décor Stores (in Billion US$), 2022-2027
Figure 24: Global: Home Decor Market: Sales through Supermarkets and Hypermarkets (in Billion US$), 2016 & 2021
Figure 25: Global: Home Decor Market Forecast: Sales through Supermarkets and Hypermarkets (in Billion US$), 2022-2027
Figure 26: Global: Home Decor Market: Sales through Online Stores (in Billion US$), 2016 & 2021
Figure 27: Global: Home Decor Market Forecast: Sales through Online Stores (in Billion US$), 2022-2027
Figure 28: Global: Home Decor Market: Sales through Gift Shops (in Billion US$), 2016 & 2021
Figure 29: Global: Home Decor Market Forecast: Sales through Gift Shops (in Billion US$), 2022-2027
Figure 30: Global: Home Decor Market: Sales through Other Distribution Channels (in Billion US$), 2016 & 2021
Figure 31: Global: Home Decor Market Forecast: Sales through Other Distribution Channels (in Billion US$), 2022-2027
Figure 32: North America: Home Decor Market: Sales Value (in Billion US$), 2016 & 2021
Figure 33: North America: Home Decor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 34: Europe: Home Decor Market: Sales Value (in Billion US$), 2016 & 2021
Figure 35: Europe: Home Decor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 36: Asia Pacific: Home Decor Market: Sales Value (in Billion US$), 2016 & 2021
Figure 37: Asia Pacific: Home Decor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 38: Middle East and Africa: Home Decor Market: Sales Value (in Billion US$), 2016 & 2021
Figure 39: Middle East and Africa: Home Decor Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 40: Latin America: Home Decor Market: Sales Value (in Billion US$), 2016 & 2021
Figure 41: Latin America: Home Decor Market Forecast: Sales Value (in Billion US$), 2022-2027


List of Tables

Table 1: Global: Home Decor Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Home Decor Market Forecast: Breakup by Product Type (in Billion US$), 2022-2027
Table 3: Global: Home Decor Market Forecast: Breakup by Distribution Channel (in Billion US$), 2022-2027
Table 4: Global: Home Decor Market Forecast: Breakup by Region (in Billion US$), 2022-2027
Table 5: Global: Home Decor Market: Competitive Structure
Table 6: Global: Home Decor Market: Key Players


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Key Questions Answered in This Report

The global home decor market was valued at US$ 682 Billion in 2021.

We expect the global home decor market to exhibit a CAGR of 4.8% during 2022-2027.

The expanding real estate sector, along with the rising popularity of eco-friendly home decor products,
is primarily catalyzing the global home decor market.

The sudden outbreak of the COVID-19 pandemic has led to the shifting consumer inclination from
conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of
home decor products.

Based on the product type, the global home decor market has been divided into home furniture, home
textiles, flooring, wall decor, lighting, and others. Among these, home furniture exhibits a clear
dominance in the market.

Based on the distribution channel, the global home decor market can be segmented into home décor
stores, supermarkets and hypermarkets, online store, gift shops, and others. Currently, home décor
stores account for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global home decor market include Ashley Furniture Industries Inc.,
Duresta Upholstery Ltd., Forbo Holding AG, Herman Miller Inc., Inter IKEA Systems B.V., Kimball
International Inc., Koninklijke Philips N.V., Mannington Mills Inc., Mohawk Industries Inc., Hanssem
Co., Ltd., Siemens AG, Springs Window Fashions, LLC, Suofeiya Home Collection Co., Ltd., Samson
Holding Ltd, Shaw Industries Group Inc. (Berkshire Hathaway Inc.) and Sophia Home.

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