Home Decor Market Industry Forecast-(2023-2028)


Posted April 20, 2023 by sandycool

The Home Decor Market was valued at $ 727.6 billion in 2022 and is anticipated to reach $ 939.7 billion by 2028, registering a CAGR of 6.8% from 2023-2028

 
The Home Decor Market was valued at $ 727.6 billion in 2022 and is anticipated to reach $ 939.7 billion by 2028, registering a CAGR of 6.8% from 2023-2028

Home Decor is most commonly known as a short for Home Decoration. Home decor is most commonly known as the art of making your home look nice. It mostly refers to the aesthetic components which are mainly used to make a home more attractive and visually appealing; these are the main factors that have considerably increased the demand for the Home Decor in the market, thereby driving the huge growth of the Home Decor market in the upcoming years

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https://www.marketdataforecast.com/market-reports/home-decor-market

Market Drivers and Restrains:

The main factors that have considerably increased the demand for the Home Decor in the market is mainly due to the huge increase in the environment awareness among the consumers has been shifted their preference towards the eco-friendly home decor products, which is a key growth factor of the global market. Moreover, huge rise in the disposable income of consumers in developed as well as emerging countries fuels the market growth. In addition, aggressive advertisements and celebrity endorsement have significantly contributes toward the growth of the global market; these are the main factors that have considerably increased the demand for the Home Decor in the market, thereby driving the huge growth of the Home Decor market in the upcoming years

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Report is segmented as:

Home Decor Market is segmented on the basis of by price point; on the basis of by product type; on the basis of by distribution channel; on the basis of by:

* Home Decor Market is segmented on the basis of by price point into Mass and Premium

* Home Decor Market is segmented on the basis of by income group into Lower Middle Income, Upper Middle Income and High Income

* Home Decor Market is segmented on the basis of by price distribution channel into Specialty Stores, Supermarket/Hypermarket, E-Commerce and Others

* Home Decor Market is segmented on the basis of by price product type into Furniture, Home Textiles and Floor Coverings

Geographical Segmentation:

Home Decor Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa and rest of world. North America has the dominant share in the Home Decor is due to the increase in expenditure of consumers on home decor products are the main factors that have considerably increased the demand for the Home Decor in the North America region, followed by Europe, Asia Pacific, Latin America and Middle East & Africa will register a slower increase in the Home Decor Market

Impact of COVID-19 on Market

Covid-19 pandemic has impacted the growth of the Home Decor market, The COVID-19 has started in the end of 2019 in Wuhan china; this has affected many industries from different sectors in various countries and also affected Home Decor market. Covid-19 pandemic has impacted huge on the sales revenue of Home Decor market. Due to the government restrictions like lockdown in many countries has stopped the production of products by the manufacturing companies, In recent days relaxation in restrictions by the government and people are getting vaccinated to stop the spread of corona virus are expecting to raise the Home Decor market growth

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Tags home decor market trends , home decor market values
Last Updated April 20, 2023