Home Decor Market Size is expected to reach
USD 1.0 trillion by 2019-2025
“Home Decor Market Size, Share & Trends Analysis
Report By Product (Furniture, Textile, Flooring), By
Application (Indoor, Outdoor), By Region, And
Segment Forecasts, 2019 - 2025.”
The global home decor market size is expected to reach USD 1.0 trillion by 2025, expanding at a
CAGR of 6.6% over the forecast period. Several factors including increasing preference for luxury
lifestyle as a result of the influence of western culture and growing interior designing market are
expected to boost the market growth in the near future. Growing urbanization has resulted in
increased urban dwellers. According to United Nations, 55% of the population is living in urban
areas in 2018. As a result of growing urbanization, consumers are expected to build their homes
according to the standard of their society and therefore are willing to choose creative and
innovative home decor products. In addition, growing working population, particularly women, has
induced the consumers to invest in these products owing to increasing purchasing power. Therefore,
growing urban population will pose a positive effect on the demand for home decor products in the
forecast period. Moreover, globalization has resulted in presence of a wider market for consumers,
which facilitate easy product availability with a variety of products across various distribution
channels.
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In 2018, furniture was the largest product segment in the home decor market on account of being
an integral part of every house subject to seating, relaxing, and storing. Influence of the western
culture plays an important role in increasing the adoption of modular kitchen and wardrobes. This
shifting trend has built up a market for non-wooden furniture on account of rising popularity of ecofriendly products. Therefore, new furniture are manufactured in the market with different raw
materials such as leather, metal, glass, and other alternatives such as pine wood in combination
with wood. Furthermore, increasing popularity of multifunctional furniture owing to less storage
space and greater convenience is boosting the growth of furniture in the market.
Indoor was the largest application segment in 2018 owing to its increasing application in different
locations of the house such as bedroom, bathroom, kitchen, living room, and other covered areas
inside the home. Shifting trend towards creative and innovative furnishing as well as furniture has
influenced the consumers to invest in these products. For instance, products such as foldable bed
cum sofa, and foldable dining table and shelves have been increasingly gaining traction in the
market. Moreover, increasing adoption of western culture lifestyle has largely influenced consumers
to buy luxury products, particularly for bathroom and bedroom. In addition, increasing usage of
upholstery in various applications pose a great potential in the indoor home decor market.
Further key findings from the study suggest:

By product, textile is projected to ascend at a CAGR of 7.2% over the forecast period

The indoor application segment dominated the global market with a revenue share of 92.6%
in 2018

North America dominated the global home decor market in 2018, accounting for 37.7% share
of the overall revenue

The industry is highly competitive in nature with the main players including Inter IKEA
Systems B.V.; Kimball International Inc.; Herman Miller, Inc.; home24; Hanssem
Corporation; Koninklijke Philips N.V.; and Conair Corporation.
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Table of Contents:
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
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1.2. Market Definition
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Continued…
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