Home Decor Market Research Report 2021, Industry Trends, Share, Size by IMARC Group
by Chris jackson Market ResearchAccording
to the global home decor
market report by IMARC Group, the market reached a value of US$ 641.4 Billion
in 2020. Looking forward, the market is expected to witness moderate growth
during 2021-2026. Home décor refers to products that are used for decorating a
house or an apartment, including luxury furniture, home textiles, lighting, and
flooring. With the expanding real estate industry and improving standards of
living, there has been an increased demand for home accessories and furnishings
as they provide a more aesthetic and pleasant appeal to space.
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Report Metric
Historical: 2015-2020
Base Year: 2020
Forecast Year: 2021-2026
Some of
the major players and suppliers analyzed in the report include Inter IKEA
Group, Forbo International SA, Armstrong World Industries Inc (NYSE: AWI),
Mannington Mills, Inc., Mohawk Industries, Inc. (NYSE: MHK), Shaw Industries
Group, Inc., Herman Miller Inc., Ashley Furniture Industries Ltd., Kimball
International, and Duresta Upholstery Ltd.
Global
Home Decor Market Trends
Over the years, with the inflating income levels and rapid globalization, homeowners have been putting increased focus on the importance and need for decorative items. In addition to this, consumers prefer to purchase home décor products from online retail platforms as these stores offer products from different parts of the world at discounted and affordable prices. Moreover, due to the rising environmental concerns, the leading players in the market are introducing eco-friendly home décor products, which have minimal impact on the environment. They are also collaborating with interior designers to provide consumers with a broad range of customized home décor items.
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Note: As
the novel coronavirus (COVID-19) crisis takes over the world, we are
continuously tracking the changes in the markets, as well as the purchase
behaviours of the consumers globally and our estimates about the latest market
trends and forecasts are being done after considering the impact of this
pandemic.
Market
Segmentation:
The report has segmented on the basis of product type, distribution channel and region.
Market
Breakup by Product Type
- Home Furniture
- Home Textiles
- Flooring
- Wall Decor
- Lighting
- Others
Market
Breakup by Distribution Channel
- Supermarkets and
Hypermarkets
- Home Decor Stores
- Gift Shops
- Direct to Consumer
- Online
- Others
Market Breakup
by Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Laminate Flooring Market: https://www.imarcgroup.com/laminate-flooring-market
Global
Hardwood Flooring Market: https://www.imarcgroup.com/hardwood-flooring-market
Global
Luxury Furniture Market: https://www.imarcgroup.com/luxury-furniture-market
Global
Vinyl Flooring Market: https://www.imarcgroup.com/vinyl-flooring-market
About Us
IMARC
Group is a leading market research company that offers management strategy and
market research worldwide. We partner with clients in all sectors and regions
to identify their highest-value opportunities, address their most critical
challenges, and transform their businesses.
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Created on May 13th 2021 00:59. Viewed 357 times.