What industry is home decor in?

retail industry
The home furnishings retail industry allows consumers to make their homes truly their own with their very choices of furniture and decor. The demand for home furnishings is cyclical, influenced by housing starts, as desires to remodel and redesign are not necessary during slow economic times.

How much is the home decor industry worth?

The home decor market was valued at $ 727.6 billion in 2021 and is anticipated to reach $ 939.7 billion by 2027, registering a CAGR of 6.8% from 2022 to 2027….

REPORT METRIC DETAILS
Forecast Period 2022 – 2027
CAGR 6.8%
Segments Covered Product type, Income group, Price point

How big is the home decor industry?

The value of the home décor market in the United States was forecast to reach 202 billion U.S. dollars in 2024, a 20 percent increase from 2019 value, which stood at 169 billion U.S. dollars. IKEA, Wayfair, and Bed Bath & Beyond are among the leaders in the home décor and furnishing industry in the United States.

Is the home furnishing industry growing?

The home furnishings market is expected to grow by $ 354.85 bn from 2021 to 2025, progressing at a CAGR of over 6.17% during the forecast period.

What comes under home furnishings?

What are Home Furnishings?

  • Table Linens.
  • Loose Covers.
  • Cushions.
  • Blankets & Throws.
  • Rugs.
  • Lampshades.
  • Bedding & Covers.
  • Headboards.

What does home decor include?

Home decor is inclusive of physical items and objects (furniture, art, and accessories), placement of physical items and objects, and room colors and materials (flooring, wall coverings, window coverings, and ceilings).

How big is the home goods market?

The global home decor market size was valued at USD 663.1 billion in 2018….

Report Attribute Details
The market size value in 2020 USD 737.20 billion
The revenue forecast in 2025 USD 1037.14 billion
Growth Rate CAGR of 6.6% from 2019 to 2025
The base year for estimation 2018

What is another word for home furnishings?

What is another word for home furnishings?

household effects furnishings
furnishments furniture
house furnishings household goods

What is the meaning of home decor?

uncountable noun. The decor of a house or room is its style of furnishing and decoration.

What’s another word for home decor?

What is another word for home decor?

home decoration home furnishings
house furnishings interior decoration
décor furnishings
home accessories

What is the purpose of home decor?

The ways people decorate and furnish their homes, and the objects they choose to display, can reveal their values, aspirations and tastes. Décor and furnishings can also contribute to their sense of mental and physical wellbeing.

How big is the home decor industry in India?

The rise in online spending and smartphone penetration is one of the key drivers supporting the online home decor market growth in India….

Online Home Decor Market in India Scope
Report Coverage Details
Market growth 2022-2026 USD 3.75 billion
Market structure Fragmented
YoY growth (%) 8.82

What is the home furniture retail industry?

The home furnishings retail industry allows consumers to make their homes truly their own with their very choices of furniture and decor. The demand for home furnishings is cyclical, influenced by housing starts, as desires to remodel and redesign are not necessary during slow economic times.

How big is the global home decor market?

The global home decor market size was valued at USD 663.1 billion in 2018. Rising demand for furniture and fixtures as well as upholstery products will boost the product demand in the market.

Which region is leading the home décor market?

Based on geography, North America is leading the home décor market with a share of 23.4% of the global total, owing to the customer lifestyles, preferences, and tastes that have been changing as per the consumer income levels.

What are the key development strategies of the global home decor market?

The players in the global home decor market have adopted acquisition as their key development strategy to increase profitability and to strengthen their foothold in the global home decor market share. In addition, players have relied on product launch to improve their product portfolio and stay competitive in the global market.