The Malaysia home decor market size reached USD 3,287.17 Million in 2024. The market is projected to reach USD 4,626.29 Million by 2033, exhibiting a growth rate (CAGR) of 3.87% during 2025-2033. The market is driven by increased urbanization, growing middle-class affluence, and a shift towards modern living spaces. Additionally, the rise of eco-conscious consumers, the demand for space-saving solutions, and a growing interest in sustainable materials are contributing to the expanding Malaysia home decor market share.
Report Attribute
|
Key Statistics
|
---|---|
Base Year
|
2024
|
Forecast Years
|
2025-2033
|
Historical Years
|
2019-2024
|
Market Size in 2024 | USD 3,287.17 Million |
Market Forecast in 2033 | USD 4,626.29 Million |
Market Growth Rate 2025-2033 | 3.87% |
Sustainable and Eco-friendly Products
Sustainability is a major driver in the Malaysia home decor market growth, with consumers increasingly seeking eco-friendly products. There is a growing interest in home furniture made of bamboo, reclaimed wood, and other recycled materials furniture. Eco-conscious living is prompting manufacturers to design products that are aesthetically pleasing and minimize environmental impact. Companies are focusing more on green production processes and reducing carbon emissions. This is a great advantage for younger consumers that care about the environment because they will appreciate the trend that prioritizes sustainability. This trend is rapidly growing in Malaysia, which enables manufacturers to capture the increasing demand. These global environmental shifts influence local shopping habits and align with the trend. For instance, the Malaysia Furniture & Furnishings Market (MFFM) successfully took place in September 2024, marking a significant milestone for Malaysia’s furniture industry. The event brought together global exhibitors and buyers, showcasing high-quality furniture, home décor, and sustainable solutions. It provided a valuable platform for industry professionals, featuring a Hosted Buyers Program and business matching opportunities that fostered international trade.
Space-saving Solutions for Urban Living
In 2024, Malaysia's urban population reached approximately 27,007,541, accounting for around 78.9% of the country's total population. As urban citizens in Malaysia, especially in Kuala Lumpur and Penang, adjust to city life, the need for convenient home furnishing has risen sharply. With apartments and condominiums becoming the new normal, there is greater need for space-saving, multifunctional furniture. Compact and multifunctional furniture is increasingly prevalent in the form of folding tables and chairs, modular seating, and mounted storage units. Such space-saving furnishings enable people to live in smaller, cozier, stylish, and comfortable spaces. In addition to these factors, the abandonment of clutter in favor of minimalistic design is further driving the need for sleek furniture that serves several purposes. In response to the market demand, manufacturers are increasingly employing contemporary designs that are functional and stylish.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country/regional levels for 2025-2033. Our report has categorized the market based on product type and distribution channel.
Product Type Insights:
The report has provided a detailed breakup and analysis of the market based on the product type. This includes home furniture, home textiles, flooring, wall decor, lighting, and others.
Distribution Channel Insights:
A detailed breakup and analysis of the market based on the distribution channel have also been provided in the report. This includes home decor stores, supermarkets and hypermarkets, online store, gift shops, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include Selangor, W.P. Kuala Lumpur, Johor, Sarawak, and others.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
---|---|
Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Million USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
|
Product Types Covered | Home Furniture, Home Textiles, Flooring, Wall Decor, Lighting, Others |
Distribution Channels Covered | Home Decor Stores, Supermarkets and Hypermarkets, Online Store, Gift Shops, Others |
Regions Covered | Selangor, W.P. Kuala Lumpur, Johor, Sarawak, Others |
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) |
Key Questions Answered in This Report:
Key Benefits for Stakeholders: