Home Decor Market Projected to Exceed a Value of US$ 770 Billion by 2024by IVO Smith Business Analyst Home décor items are used for decorating a house or apartment and providing a personal touch to the place. These products add to the interior aesthetics and are an effective way of portraying the style of the owner. Some of the common home décor products include artifacts, lamps, candles, furniture and vases. Inflating income levels and improving standards of living have led to a rapid increase in the number of individual households. This has resulted in a rise in the demand for home décor items across the globe. Moreover, as affluent consumers hire interior decorators to enhance the aesthetics of their homes, it has further impelled the demand for luxurious home décor products.
The latest report by IMARC Group, the global home decor market reached a value of US$ 605 Billion in 2018.
Created on May 8th 2019 06:29. Viewed 402 times.
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