CONSUMER PRODUCT & SERVICES
Global Home Decor Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Home Decor Market, By Product Type (Home Textile, Floor Covering, Furniture, and Others), Price (Premium and Mass), Application (Indoor and Outdoor), Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and Others), Income Group (Lower-middle Income, Upper-Middle Income, and Higher Income), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global Home Décor market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
Home decor is the art and practice of embellishing the interior of a residential area so that it is visually pleasant, useful, and reflects the residents' personal style and preferences. It includes a diverse range of items, such as furniture, accessories, colour schemes, lighting, textiles, and decorative artefacts, all meticulously selected and organised to create a coherent and harmonious environment.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Growth of e-commerce
- Rising demand for smart home integration
RESTRAINTS
- Changing consumer preferences
- High competition
OPPORTUNITIES
- Growing awareness of sustainability
- Home renovation and remodelling activities
CHALLENGES
- Supply chain disruptions
- Economic instability
SEGMENTATION
- Product Type
- Home Textile
- Rugs Textiles
- Bath Textiles
- Bed Textiles
- Kitchen And Dining Textiles
- Others
- Floor Covering
- Tiles
- Wood And Laminate
- Vinyl And Rubber
- Carpets And Rugs
- Others
- Furniture
- Kitchen
- Living And Bedroom
- Bathroom
- Lighting
- Others
- Others
- Price
- Premium
- Mass
- Application
- Indoor
- Outdoor
- Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- E-commerce
- Others
- Income Group
- Lower-middle Income
- Upper-Middle Income
- Higher Income
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, and segments as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- MillerKnoll, Inc.
- Inter IKEA Holding B.V.
- Shaw Industries Group, Inc.
- Duresta Upholstery Ltd.
- Forbo Management SA
- Mohawk Industries, Inc.
- Kimball International Inc.
- Ashley Furniture Industries, LLC.
- Armstrong World Industries, Inc.
- Mannington Mills, Inc.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Home Décor Market, by Product Type
- 3.2 Global Home Décor Market, by Price
- 3.3 Global Home Décor Market, by Application
- 3.4 Global Home Décor Market, by Distribution Channel
- 3.5 Global Home Décor Market, by Income Group
- 3.6 Global Home Décor Market, by Geography
- 3.7 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Preference for customization and personalization
- 5.1.2 Influence of social media and home design trends
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Growth of e-commerce
- 5.2.2 Rising demand for smart home integration
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 Changing consumer preferences
- 5.3.2 High competition
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Growing awareness of sustainability
- 5.4.2 Home renovation and remodelling activities
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Supply chain disruptions
- 5.5.2 Economic instability
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL HOME DÉCOR MARKET, BY PRODUCT TYPE
- 6.1 Product Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Home Décor Market, by Product Type (2019-2032)
- SECTION 7 - GLOBAL HOME DÉCOR MARKET, BY PRICE
- 7.1 Price Summary
- 7.2 Market Attractive Index
- 7.3 Global Home Décor Market, by Price (2019-2032)
- SECTION 8 - GLOBAL HOME DÉCOR MARKET, BY APPLICATION
- 8.1 Application Summary
- 8.2 Market Attractive Index
- 8.3 Global Home Décor Market, by Application (2019-2032)
- SECTION 9 - GLOBAL HOME DÉCOR MARKET, BY DISTRIBUTION CHANNEL
- 9.1 Distribution Channel Summary
- 9.2 Market Attractive Index
- 9.3 Global Home Décor Market, by Distribution Channel (2019-2032)
- SECTION 10 - GLOBAL HOME DÉCOR MARKET, BY INCOME GROUP
- 10.1 Income Group Summary
- 10.2 Market Attractive Index
- 10.3 Global Home Décor Market, by Income Group (2019-2032)
- SECTION 11 - GLOBAL HOME DÉCOR MARKET, BY GEOGRAPHY
- 11.1 Regional Summary
- 11.2 Market Attractive Index
- 11.3 Global Home Décor Market, by Geography (2019-2032)
- SECTION 12 - NORTH AMERICA HOME DÉCOR MARKET
- 12.1 North America Summary
- 12.2 Market Attractive Index
- 12.3 North America Home Décor Market, by Product Type (2019-2032)
- 12.4 North America Home Décor Market, by Price (2019-2032)
- 12.5 North America Home Décor Market, by Application (2019-2032)
- 12.6 North America Home Décor Market, by Distribution Channel (2019-2032)
- 12.7 North America Home Décor Market, by Income Group (2019-2032)
- 12.8 North America Home Décor Market, by Country (2019-2032)
- 12.8.1 U.S.
- 12.8.2 Canada
- 12.8.3 Mexico
- 12.8.4 Rest of North America
- SECTION 13 - EUROPE HOME DÉCOR MARKET
- 13.1 Europe Summary
- 13.2 Market Attractive Index
- 13.3 Europe Home Décor Market, by Product Type (2019-2032)
- 13.4 Europe Home Décor Market, by Price (2019-2032)
- 13.5 Europe Home Décor Market, by Application (2019-2032)
- 13.6 Europe Home Décor Market, by Distribution Channel (2019-2032)
- 13.7 Europe Home Décor Market, by Income Group (2019-2032)
- 13.8 Europe Home Décor Market, by Country (2019-2032)
- 13.8.1 Germany
- 13.8.2 U.K.
- 13.8.3 France
- 13.8.4 Italy
- 13.8.5 Spain
- 13.8.6 Russia
- 13.8.7 The Netherlands
- 13.8.8 Belgium
- 13.8.9 Turkey
- 13.8.10 Rest of Europe
- SECTION 14 - ASIA-PACIFIC HOME DÉCOR MARKET
- 14.1 Asia-Pacific Summary
- 14.2 Market Attractive Index
- 14.3 Asia-Pacific Home Décor Market, by Product Type (2019-2032)
- 14.4 Asia-Pacific Home Décor Market, by Price (2019-2032)
- 14.5 Asia-Pacific Home Décor Market, by Application (2019-2032)
- 14.6 Asia-Pacific Home Décor Market, by Distribution Channel (2019-2032)
- 14.7 Asia-Pacific Home Décor Market, by Income Group (2019-2032)
- 14.8 Asia-Pacific Home Décor Market, by Country (2019-2032)
- 14.8.1 China
- 14.8.2 India
- 14.8.3 Japan
- 14.8.4 South Korea
- 14.8.5 Singapore
- 14.8.6 Malaysia
- 14.8.7 Australia
- 14.8.8 Thailand
- 14.8.9 Philippines
- 14.8.10 Rest of Asia-Pacific
- SECTION 15 - SOUTH AMERICA HOME DÉCOR MARKET
- 15.1 South America Summary
- 15.2 Market Attractive Index
- 15.3 South America Home Décor Market, by Product Type (2019-2032)
- 15.4 South America Home Décor Market, by Price (2019-2032)
- 15.5 South America Home Décor Market, by Application (2019-2032)
- 15.6 South America Home Décor Market, by Distribution Channel (2019-2032)
- 15.7 South America Home Décor Market, by Income Group (2019-2032)
- 15.8 South America Home Décor Market, by Country (2019-2032)
- 15.8.1 Brazil
- 15.8.2 Argentina
- 15.8.3 Chile
- 15.8.4 Colombia
- 15.8.5 Rest of South America
- SECTION 16 - MIDDLE EAST AND AFRICA HOME DÉCOR MARKET
- 16.1 Middle East and Africa Summary
- 16.2 Market Attractive Index
- 16.3 Middle East and Africa Home Décor Market, by Product Type (2019-2032)
- 16.4 Middle East and Africa Home Décor Market, by Price (2019-2032)
- 16.5 Middle East and Africa Home Décor Market, by Application (2019-2032)
- 16.6 Middle East and Africa Home Décor Market, by Distribution Channel (2019-2032)
- 16.7 Middle East and Africa Home Décor Market, by Income Group (2019-2032)
- 16.8 Middle East and Africa Home Décor Market, by Country (2019-2032)
- 16.8.1 Kingdom of Saudi Arabia
- 16.8.2 South Africa
- 16.8.3 U.A.E.
- 16.8.4 Egypt
- 16.8.5 Rest of Middle East and Africa
- SECTION 17 - COMPANY SHARE ANALYSIS
- 17.1 Global Home Décor Market, Company Share Analysis
- 17.2 North America Home Décor Market, Company Share Analysis
- 17.3 Europe Home Décor Market, Company Share Analysis
- 17.4 Asia-Pacific Home Décor Market, Company Share Analysis
- SECTION 18 - COMPANY PROFILES
- 18.1 MillerKnoll, Inc.
- 18.1.1 Company Snapshot
- 18.1.2 Financial Overview
- 18.1.3 Product Portfolio
- 18.1.4 Recent Developments
- 18.2 Inter IKEA Holding B.V.
- 18.2.1 Company Snapshot
- 18.2.2 Financial Overview
- 18.2.3 Product Portfolio
- 18.2.4 Recent Developments
- 18.3 Shaw Industries Group, Inc.
- 18.3.1 Company Snapshot
- 18.3.2 Financial Overview
- 18.3.3 Product Portfolio
- 18.3.4 Recent Developments
- 18.4 Duresta Upholstery Ltd.
- 18.4.1 Company Snapshot
- 18.4.2 Financial Overview
- 18.4.3 Product Portfolio
- 18.4.4 Recent Developments
- 18.5 Forbo Management SA
- 18.5.1 Company Snapshot
- 18.5.2 Financial Overview
- 18.5.3 Product Portfolio
- 18.5.4 Recent Developments
- 18.6 Mohawk Industries, Inc.
- 18.6.1 Company Snapshot
- 18.6.2 Financial Overview
- 18.6.3 Product Portfolio
- 18.6.4 Recent Developments
- 18.7 Kimball International Inc.
- 18.7.1 Company Snapshot
- 18.7.2 Financial Overview
- 18.7.3 Product Portfolio
- 18.7.4 Recent Developments
- 18.8 Ashley Furniture Industries, LLC.
- 18.8.1 Company Snapshot
- 18.8.2 Financial Overview
- 18.8.3 Product Portfolio
- 18.8.4 Recent Developments
- 18.9 Armstrong World Industries, Inc.
- 18.9.1 Company Snapshot
- 18.9.2 Financial Overview
- 18.9.3 Product Portfolio
- 18.9.4 Recent Developments
- 18.10 Mannington Mills, Inc.
- 18.10.1 Company Snapshot
- 18.10.2 Financial Overview
- 18.10.3 Product Portfolio
- 18.10.4 Recent Developments
- SECTION 19 - RELATED REPORTS
- SECTION 20 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.