The global home decor market was worth US$ X Billion in 2017. Home decor is an effective way of portraying the lifestyle that a consumer believes in. Home decor products are used in the decoration of an apartment or a house with various accessories and furnishings to provide a more aesthetic and pleasant appeal to the building. Items in home decor include household furniture, lamps, textiles, floor coverings, pots, candles, artifacts, furnishing items, etc. Home decor has been gaining prominence across both developed and developing markets with increasing urbanization and globalization trends. Globalization is now enabling easy and wide availability of such decorative items, designs, and ideas to consumers. Homeowners are also realizing the need for such items and are often searching for them to keep their homes more attractive and organized.

Home decor is witnessing a strong growth catalyzed by rising levels of disposable incomes, recovery of the real estate industry, increasing urbanization rates and raising awareness levels. Rising levels of urbanization have resulted in an increasing number of new households being set up. Currently more than half of the global population live in urban areas and these levels are expected to increase further in the coming years, creating a positive impact on the demand for home decor products. Moreover, home decor products are income elastic, we expect global disposable incomes to increase continuously over the next few years, particularly in emerging economies such as Asia, Africa, Middle East, Eastern Europe, etc. Additionally, the recovery of the global real estate industry is also expected to drive homeownership rates creating a positive impact on this market. Another major factor driving this market is the strong performance of the online retail sector. The advent of online retail has made home decor products easily available, affordable and convenient to buy. Looking forward, the global home decor market is projected to exceed US$ X Billion by 2023, exhibiting a CAGR of around X% during 2018-2023.

Market Summary:

Based on the product type, the market has been segmented into
Home Furniture
Home Textiles
Flooring
Wall Decor
Lighting And Others.

Based on the distribution channel, the market has been segmented into
Supermarkets And Hypermarkets
Home Decor Stores
Direct To Customer
Gift Shops
Online
And Others.

Region-wise, the market has been segmented into
North America
Europe
Asia Pacific
Middle East and Africa
Latin America.

The competitive landscape along with the profiles of key players operating in the market have also been examined in this report.

For More Details Please Visit: https://www.aarkstore.com/retail/1001663/home-decor-market-global-industry-trends-share-size-growth-opportunity-and-forecast

Category: Business Services Market
Contact Details:
Aarkstore Enterprise
+917710006788 | [email protected] | aarkstore.com