Published on : Dec 15, 2017
Albany, New York, December 15, 2017: Home décor has been a popular consumer interest market for a decade now. The growth of the home décor market is growing expressively, including the emerging economies where home accessories and other related products are gaining high acceptance in the home décor market. According to the latest study findings, one factor responsible for the rapid increase in the home décor market is the expansion of the real estate industry. Also, in the coming years, the global home décor market is estimated to grow at a robust CAGR. Market Research Hub (MRH) has freshly broadcasted this latest study to its online repository, which is titled as “Home Décor Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2022)”. In this 170-page report, the market is explored in detail, and the market dynamics of the global home décor market have been enclosed comprehensively, explaining to the report readers the drivers, restraints and trends operating in this highly competitive market.
Home décor mainly consists of the decoration of a livable interior where layout and furnishings of a space are enhanced using ornamentation and beautification. Things like furniture, textiles and floor covering are used to enhance the living space. The modern home decor designs combine style with simplicity. In the present time, improving lifestyle and an increase in the disposable incomes of consumers is encouraging the growth of the home décor market, as they want to spend a huge amount on the interior decoration of the house. As per the study evaluations, the global home decor market is slated to touch a value of nearly US$ 855,680 Mn in the year 2022 and grow at a strong CAGR during forecast 2017-2022.
Key Insights from the Study
- Due to the rise of the online retail, furniture and other items used for home décor are available at a discounted price and have become more affordable. Hence, a large number of people are accessing these online retail outlets to decorate their homes.
- The furniture category of home décor has witnessed an increased adoption among consumers, owing to the increased disposable income along with the influence of western culture, especially growing adoption of modular kitchen and lighting. Among various product type available in the market, home furniture sub-segment to dominate the product type segment throughout the assessment period.
- The global home décor market is also analyzed across key regions- North America, Latin America, Europe, Japan, APEJ and MEA. In terms of geography, the market in APEJ is set to govern the global home decor market in terms of value and this trend is projected to sustain itself throughout the assessment period. This is mainly because of the growing urbanization in the region and the purchasing power of individuals are also increasing to afford such luxuries in life.
- A trend of using eco-friendly products that have a low key impact on the environment has also boosted the growth of the home décor market.
Further, the report throws some light on competition involved in the global barrier raisins market by listing major companies operating in the market some of which are, Inter Ikea Systems B.V, Koninklijke Philips N.V., Suofeiya Home Collection Co., Ltd., Springs Window Fashions LLC, Zepter International Inc., Conair Corporation, Siemens AG, Hanssem Co., Ltd., Samson Holding Ltd. and The Oneida Group, Inc.
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