According to IMARC Group’s latest report titled “home decor market: Global Industry Trends, Participation, Size, Growth, Opportunities, and Forecast 2022-2027“, the global market reached a value of 682 billion US dollars in 2021. Home decor includes a variety of products used in the decoration of an apartment or house. It mainly includes home furnishings, textiles, lamps, floor coverings, utensils, candles, handicrafts, and furniture , etc. Home décor is an effective way to portray the lifestyle that the consumer believes in and keeps the home more attractive and organized.
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Rapid urbanization, along with inflated income levels for consumers, is primarily driving the growth of the home decor market. Moreover, the expansion of the construction and real estate industries has led to an increase in the number of new families being created, which in turn creates a positive impact on the demand for home décor products. Besides, with growing concerns about the environment, manufacturers are developing eco-friendly products to reduce carbon emissions. They also partner with interior designers to offer consumers a wide range of custom home décor items. Moreover, the increasing adoption of online retail channels by many traditional home decor stores to expand the consumer base is expected to further enhance the growth of the market in the coming years. Looking ahead, IMARC Group expects the home decoration market to reach US$898.3 billion by 2027, at a compound annual growth rate of 4.8% during 2022-2027.
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like the new corona virusCOVID-19The crisis is taking over the world, we are constantly following changes in markets, as well as industry behaviors for consumers globally, and our estimates about the latest market trends and forecasts are made after considering the impact of this pandemic.
Segmentation by product type:
- home furniture
- home textiles
- wall decor
Distribution by channel of distribution:
- Supermarkets and hypermarkets
- home decor stores
- Gift Shops
- directly to the consumer
- active shops
Division by region:
- North Amarica
- Asia Pacific
- Middle East and Africa
- Latin america
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Highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market trends
- Market drivers and success factors
- Impact of COVID-19
- value chain analysis
- Comprehensive mapping of competitive landscapes
If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.
IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients in all sectors and regions to identify the highest-value opportunities, address the most critical challenges, and transform their businesses.
IMARC’s information products include key markets and scientific, economic and technological developments of business leaders in pharmaceutical, industrial and high-tech enterprises. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and new processing methods are on top of the company’s expertise.
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