Home Decor Market Key Findings by 2031
Home decor is used for making internal and external spaces attractive and functionally more useful for the residents. Improving lifestyles and growing disposable income of individuals are creating lucrative business opportunities for this market. Consumers' preferences are shifting towards online sales channels due to the availability of a wide range of products at lower prices.
MARKET DYNAMICS
The growing number of homeowners, increasing construction in developing countries, and increase in the disposable income of individuals have influenced the home decor market positively. However, the increasing cost of raw material might affect the growth of the home decor market. Increasing urbanization and growing demand for home décor products for renovation are creating opportunities for the companies operating in the home décor market to gain a broad customer base and generate more revenues.
MARKET SCOPE
The "Global Home Decor Market Analysis to 2031" is a specialized and in-depth study of the home decor industry with a special focus on the global market trend analysis. The report aims to provide an overview of home decor market with detailed market segmentation by product, sales-channel, end-user and geography. The global home decor market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading home decor market players and offers key trends and opportunities in the home decor market.
MARKET SEGMENTATION
The global home decor market is segmented on the basis of product, sales-channel, and end-user. Based on product, the market is segmented furniture, textile, floor coverings, and others. On the basis of the sales channel the market is segmented as direct sales and indirect sales. Based on the end-user the market is segmented into residential and commercial.
REGIONAL FRAMEWORKThe report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global home decor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The home decor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting home decor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the home decor market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global home decor market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The home decor market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting home decor market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the home decor market in these regions.
MARKET PLAYERSThe reports cover key developments in the home decor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from home decor market are anticipated to lucrative growth opportunities in the future with the rising demand for home decor in the global market. Below mentioned is the list of few companies engaged in the home decor market.
The report also includes the profiles of key home decor companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Kimball International
- Herman Miller
- Ashley Furniture Industries Inc.
- Costco Wholesale
- Inter IKEA Group
- Forbo International SA
- Armstrong World Industries Inc.
- Mohawk Industries Inc.
- Shaw Industries Group, Inc.
- Duresta Upholstery Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Home Decor Market - By Product
1.3.2Home Decor Market - By Sales Channel
1.3.3Home Decor Market - By End user
1.3.4Home Decor Market - By Region
1.3.4.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.HOME DECOR MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.ECOSYSTEM ANALYSIS
4.4.EXPERT OPINIONS
5.HOME DECOR MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6.HOME DECOR MARKET - GLOBAL MARKET ANALYSIS
6.1.HOME DECOR - GLOBAL MARKET OVERVIEW
6.2.HOME DECOR - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.HOME DECOR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1.OVERVIEW
7.2.PRODUCT MARKET FORECASTS AND ANALYSIS
7.3.FURNITURE
7.3.1.Overview
7.3.2.Furniture Market Forecast and Analysis
7.3.3.Indoor Market
7.3.3.1.Overview
7.3.3.2.Indoor Market Forecast and Analysis
7.3.4. Outdoor Market
7.3.4.1.Overview
7.3.4.2. Outdoor Market Forecast and Analysis
7.4.TEXTILE
7.4.1.Overview
7.4.2.Textile Market Forecast and Analysis
7.4.3.Kitchen Textile Market
7.4.3.1.Overview
7.4.3.2.Kitchen Textile Market Forecast and Analysis
7.4.4. Other Textile Market
7.4.4.1.Overview
7.4.4.2. Other Textile Market Forecast and Analysis
7.5.FLOOR COVERINGS
7.5.1.Overview
7.5.2.Floor Coverings Market Forecast and Analysis
7.5.3.Tiles Market
7.5.3.1.Overview
7.5.3.2.Tiles Market Forecast and Analysis
7.5.4. Carpets and Rugs Market
7.5.4.1.Overview
7.5.4.2. Carpets and Rugs Market Forecast and Analysis
7.5.5. Others Market
7.5.5.1.Overview
7.5.5.2. Others Market Forecast and Analysis
7.6.OTHERS
7.6.1.Overview
7.6.2.Others Market Forecast and Analysis
8.HOME DECOR MARKET - REVENUE AND FORECASTS TO 2028 - SALES CHANNEL
8.1.OVERVIEW
8.2.SALES CHANNEL MARKET FORECASTS AND ANALYSIS
8.3.DIRECT SALES
8.3.1.Overview
8.3.2.Direct Sales Market Forecast and Analysis
8.4.INDIRECT SALES
8.4.1.Overview
8.4.2.Indirect Sales Market Forecast and Analysis
9.HOME DECOR MARKET - REVENUE AND FORECASTS TO 2028 - END USER
9.1.OVERVIEW
9.2.END USER MARKET FORECASTS AND ANALYSIS
9.3.RESIDENTIAL
9.3.1.Overview
9.3.2.Residential Market Forecast and Analysis
9.4.COMMERCIAL
9.4.1.Overview
9.4.2.Commercial Market Forecast and Analysis
10.HOME DECOR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Home Decor Market Overview
10.1.2North America Home Decor Market Forecasts and Analysis
10.1.3North America Home Decor Market Forecasts and Analysis - By Product
10.1.4North America Home Decor Market Forecasts and Analysis - By Sales Channel
10.1.5North America Home Decor Market Forecasts and Analysis - By End user
10.1.6North America Home Decor Market Forecasts and Analysis - By Countries
10.1.6.1United States Home Decor Market
10.1.6.1.1United States Home Decor Market by Product
10.1.6.1.2United States Home Decor Market by Sales Channel
10.1.6.1.3United States Home Decor Market by End user
10.1.6.2Canada Home Decor Market
10.1.6.2.1Canada Home Decor Market by Product
10.1.6.2.2Canada Home Decor Market by Sales Channel
10.1.6.2.3Canada Home Decor Market by End user
10.1.6.3Mexico Home Decor Market
10.1.6.3.1Mexico Home Decor Market by Product
10.1.6.3.2Mexico Home Decor Market by Sales Channel
10.1.6.3.3Mexico Home Decor Market by End user
10.2.EUROPE
10.2.1Europe Home Decor Market Overview
10.2.2Europe Home Decor Market Forecasts and Analysis
10.2.3Europe Home Decor Market Forecasts and Analysis - By Product
10.2.4Europe Home Decor Market Forecasts and Analysis - By Sales Channel
10.2.5Europe Home Decor Market Forecasts and Analysis - By End user
10.2.6Europe Home Decor Market Forecasts and Analysis - By Countries
10.2.6.1Germany Home Decor Market
10.2.6.1.1Germany Home Decor Market by Product
10.2.6.1.2Germany Home Decor Market by Sales Channel
10.2.6.1.3Germany Home Decor Market by End user
10.2.6.2France Home Decor Market
10.2.6.2.1France Home Decor Market by Product
10.2.6.2.2France Home Decor Market by Sales Channel
10.2.6.2.3France Home Decor Market by End user
10.2.6.3Italy Home Decor Market
10.2.6.3.1Italy Home Decor Market by Product
10.2.6.3.2Italy Home Decor Market by Sales Channel
10.2.6.3.3Italy Home Decor Market by End user
10.2.6.4United Kingdom Home Decor Market
10.2.6.4.1United Kingdom Home Decor Market by Product
10.2.6.4.2United Kingdom Home Decor Market by Sales Channel
10.2.6.4.3United Kingdom Home Decor Market by End user
10.2.6.5Russia Home Decor Market
10.2.6.5.1Russia Home Decor Market by Product
10.2.6.5.2Russia Home Decor Market by Sales Channel
10.2.6.5.3Russia Home Decor Market by End user
10.2.6.6Rest of Europe Home Decor Market
10.2.6.6.1Rest of Europe Home Decor Market by Product
10.2.6.6.2Rest of Europe Home Decor Market by Sales Channel
10.2.6.6.3Rest of Europe Home Decor Market by End user
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Home Decor Market Overview
10.3.2Asia-Pacific Home Decor Market Forecasts and Analysis
10.3.3Asia-Pacific Home Decor Market Forecasts and Analysis - By Product
10.3.4Asia-Pacific Home Decor Market Forecasts and Analysis - By Sales Channel
10.3.5Asia-Pacific Home Decor Market Forecasts and Analysis - By End user
10.3.6Asia-Pacific Home Decor Market Forecasts and Analysis - By Countries
10.3.6.1Australia Home Decor Market
10.3.6.1.1Australia Home Decor Market by Product
10.3.6.1.2Australia Home Decor Market by Sales Channel
10.3.6.1.3Australia Home Decor Market by End user
10.3.6.2China Home Decor Market
10.3.6.2.1China Home Decor Market by Product
10.3.6.2.2China Home Decor Market by Sales Channel
10.3.6.2.3China Home Decor Market by End user
10.3.6.3India Home Decor Market
10.3.6.3.1India Home Decor Market by Product
10.3.6.3.2India Home Decor Market by Sales Channel
10.3.6.3.3India Home Decor Market by End user
10.3.6.4Japan Home Decor Market
10.3.6.4.1Japan Home Decor Market by Product
10.3.6.4.2Japan Home Decor Market by Sales Channel
10.3.6.4.3Japan Home Decor Market by End user
10.3.6.5South Korea Home Decor Market
10.3.6.5.1South Korea Home Decor Market by Product
10.3.6.5.2South Korea Home Decor Market by Sales Channel
10.3.6.5.3South Korea Home Decor Market by End user
10.3.6.6Rest of Asia-Pacific Home Decor Market
10.3.6.6.1Rest of Asia-Pacific Home Decor Market by Product
10.3.6.6.2Rest of Asia-Pacific Home Decor Market by Sales Channel
10.3.6.6.3Rest of Asia-Pacific Home Decor Market by End user
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Home Decor Market Overview
10.4.2Middle East and Africa Home Decor Market Forecasts and Analysis
10.4.3Middle East and Africa Home Decor Market Forecasts and Analysis - By Product
10.4.4Middle East and Africa Home Decor Market Forecasts and Analysis - By Sales Channel
10.4.5Middle East and Africa Home Decor Market Forecasts and Analysis - By End user
10.4.6Middle East and Africa Home Decor Market Forecasts and Analysis - By Countries
10.4.6.1South Africa Home Decor Market
10.4.6.1.1South Africa Home Decor Market by Product
10.4.6.1.2South Africa Home Decor Market by Sales Channel
10.4.6.1.3South Africa Home Decor Market by End user
10.4.6.2Saudi Arabia Home Decor Market
10.4.6.2.1Saudi Arabia Home Decor Market by Product
10.4.6.2.2Saudi Arabia Home Decor Market by Sales Channel
10.4.6.2.3Saudi Arabia Home Decor Market by End user
10.4.6.3U.A.E Home Decor Market
10.4.6.3.1U.A.E Home Decor Market by Product
10.4.6.3.2U.A.E Home Decor Market by Sales Channel
10.4.6.3.3U.A.E Home Decor Market by End user
10.4.6.4Rest of Middle East and Africa Home Decor Market
10.4.6.4.1Rest of Middle East and Africa Home Decor Market by Product
10.4.6.4.2Rest of Middle East and Africa Home Decor Market by Sales Channel
10.4.6.4.3Rest of Middle East and Africa Home Decor Market by End user
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Home Decor Market Overview
10.5.2South and Central America Home Decor Market Forecasts and Analysis
10.5.3South and Central America Home Decor Market Forecasts and Analysis - By Product
10.5.4South and Central America Home Decor Market Forecasts and Analysis - By Sales Channel
10.5.5South and Central America Home Decor Market Forecasts and Analysis - By End user
10.5.6South and Central America Home Decor Market Forecasts and Analysis - By Countries
10.5.6.1Brazil Home Decor Market
10.5.6.1.1Brazil Home Decor Market by Product
10.5.6.1.2Brazil Home Decor Market by Sales Channel
10.5.6.1.3Brazil Home Decor Market by End user
10.5.6.2Argentina Home Decor Market
10.5.6.2.1Argentina Home Decor Market by Product
10.5.6.2.2Argentina Home Decor Market by Sales Channel
10.5.6.2.3Argentina Home Decor Market by End user
10.5.6.3Rest of South and Central America Home Decor Market
10.5.6.3.1Rest of South and Central America Home Decor Market by Product
10.5.6.3.2Rest of South and Central America Home Decor Market by Sales Channel
10.5.6.3.3Rest of South and Central America Home Decor Market by End user
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.HOME DECOR MARKET, KEY COMPANY PROFILES
12.1.ARMSTRONG WORLD INDUSTRIES INC.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.ASHLEY FURNITURE INDUSTRIES INC.
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.COSTCO WHOLESALE
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.DURESTA UPHOLSTERY LTD.
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.FORBO INTERNATIONAL SA
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.HERMAN MILLER
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.INTER IKEA GROUP
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.KIMBALL INTERNATIONAL
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.MOHAWK INDUSTRIES INC.
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.SHAW INDUSTRIES GROUP INC.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1.Armstrong World Industries Inc.
2.Ashley Furniture Industries Inc.
3.Costco Wholesale
4.Duresta Upholstery Ltd.
5.Forbo International SA
6.Herman Miller
7.Inter IKEA Group
8.Kimball International
9.Mohawk Industries Inc.
10.Shaw Industries Group Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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