World Home Decor Market - Opportunities and Forecasts, 2014 - 2020

  • ID: 3578982
  • Report
  • Region: Global
  • 110 pages
  • Allied Analytics LLP
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World Home Decor Market is Expected to Garner $664.0 Billion, by 2020

FEATURED COMPANIES

  • Duresta Upholstery Ltd.
  • Forbo International SA
  • Herman Miller, Inc.
  • Inter IKEA Group
  • Kimball International
  • Mannington Mills, Inc.
  • MORE
According to a new report titled, “World Home Decor Market—Opportunities and Forecasts, 2014–2020”, the world home decor market is estimated to garner $664.0 billion by 2020, registering a CAGR of 4.2% during the forecast period (2015 – 2020). Home décor products have generated substantial demand among consumers owing to the growing consumer’s interest towards the concept of home décor. Asia-Pacific is the leading market, occupying around 31% of the market share followed by Europe.

The market players are focusing on developing eco-friendly products since popularity of these products is growing among consumers, owing to rising environment awareness. Among the three key product segments; home textiles, floor coverings and furniture, floor covering segment occupied the largest share in the overall home decor market in 2014. The segment is expected to maintain its leading position throughout the forecast period, owing to the wide adoption of floor coverings in different geographical markets. In 2014, Asia-Pacific occupied the highest market share in floor covering segment. Rapid urbanization, increasing disposable income and growing/booming real estate sector in the region, are main driving forces for the growth of home décor market in the region.

The three product segments are further bifurcated into sub categories based on their type. In 2014, floor covering segment was dominated by carpets & rugs, followed by tiles. North America held the largest share in vinyl & rubber flooring segment and is expected to maintain its share during 2015-2020, owing to stringent government regulations restricting the use of hazardous floor covering materials. Additionally, low maintenance, high durability and comparatively lower price than other flooring materials, are other factors that have driven the high demand of vinyl and rubber flooring in North America.

In developed countries such as the U.S. and U.K, eco-friendly home décor products have generated a high demand owing to the increased environment awareness. Multifunctional furniture is popular among the consumers in developing countries. Online buying of home décor products is gaining popularity, worldwide. Globally, consumers are more inclined towards buying stylish and luxury home décor products.

Geographically, APAC is the leading market for home décor products. In emerging markets such as India, China and Brazil, the residential real estate industry has witnessed a considerable growth in the recent past, thereby fostering favorable environment for the home décor market in the region. Additionally, high urbanization rate, increasing disposable income and improving life style are other important factors spurring the market growth in the region.

Key findings of the study:

- The world market for home decor product, is expected to grow owing to the growth in real estate industry and increasing urbanization in developing countries during the forecast period (2015-2020)
- Floor covering segment would continue to maintain its growth trend during the forecast period
- Asia-Pacific was the largest market for home décor products in 2014, owing to the high growth in real estate sector and increasing urban population in the region

World home decor market comprises players such as Inter IKEA Group, Forbo International SA, Armstrong World Industries, Inc., Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries, Herman Miller Inc., Ashley Furniture Industries, Inc., Kimball International and Duresta Upholstery Ltd. The leading players are acquiring smaller players to widen their customer base. Leading players are consistently introducing new products with a wide range of design and style in order to increase their market share. Besides this, many furniture manufacturers are partnering with interior designers to create and offer a wide range of customized furniture.
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FEATURED COMPANIES

  • Duresta Upholstery Ltd.
  • Forbo International SA
  • Herman Miller, Inc.
  • Inter IKEA Group
  • Kimball International
  • Mannington Mills, Inc.
  • MORE


Chapter 1 INTRODUCTION

1.1 Report description
1.2 Key benefits
1.3 Key market segments
1.4 Research methodology

1.4.1 Secondary research
1.4.2 Primary research
1.4.3 Analyst tools and models

Chapter 2 EXECUTIVE SUMMARY

2.1 CXO perspective

Chapter 3 MARKET OVERVIEW

3.1 Market definition and scope
3.2 Key Findings

3.2.1 Top impacting factors
3.2.2 Top investment Pockets
3.2.3 Top winning strategies

3.3 Porters Five force Analysis

3.3.1 Presence of several domestic players lead to high rivalry
3.3.2 Multiplicity of options leads to high bargaining power of the buyer
3.3.3 Presence of several suppliers with low product differentiation lowers bargaining power of suppliers
3.3.4 Low feasibility of alternatives leads to low threats of substitute
3.3.5 Low brand loyalty and low product differentiation creates high threats of new entrants

3.4 Value chain analysis
3.5 Market dynamics

3.5.1 Drivers

3.5.1.1 Growing consumer interest towards home dcor
3.5.1.2 Growth and developments in real estate industry
3.5.1.3 Increaing urbanization worldwide

3.5.2 Restraints

3.5.2.1 Increasing cost of raw materials

3.5.3 Opportunities

3.5.3.1 Increasing disposable income
3.5.3.2 Improving life style

Chapter 4 WORLD HOME DECOR MARKET BY PRODUCT TYPE, 2014-2020, $MILLION

4.1 Furniture

4.1.1 Key market trends
4.1.2 Key growth factors and opportunities
4.1.3 Competitive scenario
4.1.4 Market size and forecast
4.1.5 Kitchen

4.1.5.1 Key market trends
4.1.5.2 Key growth factors and opportunities
4.1.5.3 Competitive scenario
4.1.5.4 Market size and forecast

4.1.6 Living and bedroom

4.1.6.1 Key market trends
4.1.6.2 Key growth factors and opportunities
4.1.6.3 Competitive scenario
4.1.6.4 Market size and forecast

4.1.7 Bathroom

4.1.7.1 Key market trends
4.1.7.2 Key growth factors and opportunities
4.1.7.3 Competitive scenario
4.1.7.4 Market size and forecast

4.1.8 Outdoor

4.1.8.1 Key market trends
4.1.8.2 Key growth factors and opportunities
4.1.8.3 Competitive scenario
4.1.8.4 Market size and forecast

4.1.9 Lighting

4.1.9.1 Key market trends
4.1.9.2 Key growth factors and opportunities
4.1.9.3 Competitive scenario
4.1.9.4 Market size and forecast

4.2 Home Textile

4.2.1 Key market trends
4.2.2 Key growth factors and opportunities
4.2.3 Competitive scenario
4.2.4 Market size and forecast
4.2.5 Rug

4.2.5.1 Key market trends
4.2.5.2 Key growth factors and opportunities
4.2.5.3 Competitive scenario
4.2.5.4 Market size and forecast

4.2.6 Bath Textiles

4.2.6.1 Key market trends
4.2.6.2 Key growth factors and opportunities
4.2.6.3 Competitive scenario
4.2.6.4 Market size and forecast

4.2.7 Bed Textiles

4.2.7.1 Key market trends
4.2.7.2 Key growth factors and opportunities
4.2.7.3 Competitive scenario
4.2.7.4 Market size and forecast

4.2.8 Kitchen & dining textiles

4.2.8.1 Key market trends
4.2.8.2 Key growth factors and opportunities
4.2.8.3 Competitive scenario
4.2.8.4 Market size and forecast

4.2.9 Living room textiles

4.2.9.1 Key market trends
4.2.9.2 Key growth factors and opportunities
4.2.9.3 Competitive scenario
4.2.9.4 Market size and forecast

4.3 Floor covering

4.3.1 Key market trends
4.3.2 Key growth factors and opportunities
4.3.3 Competitive scenario
4.3.4 Market size and forecast
4.3.5 Tiles

4.3.5.1 Key market trends
4.3.5.2 Key growth factors and opportunities
4.3.5.3 Competitive scenario
4.3.5.4 Market size and forecast

4.3.6 Wood & laminate

4.3.6.1 Key market trends
4.3.6.2 Key growth factors and opportunities
4.3.6.3 Competitive scenario
4.3.6.4 Market size and forecast

4.3.7 Vinyl & rubber

4.3.7.1 Key market trends
4.3.7.2 Key growth factors and opportunities
4.3.7.3 Competitive scenario
4.3.7.4 Market size and forecast

4.3.8 Carpets & rugs

4.3.8.1 Key market trends
4.3.8.2 Key growth factors and opportunities
4.3.8.3 Competitive scenario
4.3.8.4 Market size and forecast

4.3.9 Others

4.3.9.1 Key market trends
4.3.9.2 Key growth factors and opportunities
4.3.9.3 Competitive scenario
4.3.9.4 Market size and forecast

Chapter 5 WORLD HOME DECOR MARKET BY GEOGRAPHY, 2014-2020, $MILLION

5.1 North America

5.1.1 Key market trends
5.1.2 Key growth factors and opportunities
5.1.3 Competitive scenario
5.1.4 Market size and forecast

5.2 Europe

5.2.1 Key market trends
5.2.2 Key growth factors and opportunities
5.2.3 Competitive scenario
5.2.4 Market size and forecast

5.3 Asia-Pacific

5.3.1 Key market trends
5.3.2 Key growth factors and opportunities
5.3.3 Competitive scenario
5.3.4 Market size and forecast

5.4 LAMEA

5.4.1 Key market trends
5.4.2 Key growth factors and opportunities
5.4.3 Competitive scenario
5.4.4 Market size and forecast

Chapter 6 COMPANY PROFILES

6.1 Inter IKEA Group

6.1.1 Company overview
6.1.1 Business performance
6.1.2 SWOT analysis of Inter IKEA Group

6.2 Forbo International SA

6.2.1 Company overview
6.2.2 Business performance
6.2.3 SWOT analysis of Forbo International SA

6.3 Armstrong World Industries Inc.

6.3.1 Company overview
6.3.2 Business performance
6.3.3 SWOT analysis of Armstrong World Industries, Inc.

6.4 Mannington Mills, Inc.

6.4.1 Company overview
6.4.2 Strategic moves and developments
6.4.3 SWOT analysis of Mannington Mills Inc.

6.5 Mohawk Industries Inc.

6.5.1 Company overview
6.5.1 Business performance
6.5.2 Strategic moves and developments
6.5.1 SWOT analysis of Mohawk Industries, Inc.

6.6 Shaw Industries Group, Inc.

6.6.1 Company overview
6.6.2 SWOT analysis of Shaw Industries

6.7 Herman Miller Inc.

6.7.1 Company overview
6.7.2 Business Performance
6.7.3 Strategic moves and developments
6.7.4 SWOT analysis of Herman Miller Inc.

6.8 Ashley Furniture Industries Ltd.

6.8.1 Company overview
6.8.2 SWOT analysis of Ashley Furniture Industries, Inc.

6.9 Kimball International

6.9.1 Company overview
6.9.2 Business performance
6.9.3 SWOT analysis of Kimball International

6.10 Duresta Upholstery Ltd.

6.10.1 Company overview
6.10.2 SWOT analysis of Duresta Upholstery Ltd.

List of Tables
Table 1 World Home Decor Market Revenue By Product, 2014-2020 ($Million)
Table 2 World Home Decor Market Revenue By Geography, 2014-2020 ($Million)
Table 3 World Furniture Market Revenue By Type, 2014-2020 ($Million)
Table 4 World Furniture Market Revenue By Geography, 2014-2020 ($Million)
Table 5 World Kitchen Furniture Market Revenue By Geography, 2014-2020 ($Million)
Table 6 World Living & Bedroom Furniture Market Revenue By Geography, 2014-2020 ($Million)
Table 7 World Bathroom Furniture Market Revenue By Geography, 2014-2020 ($Million)
Table 8 World Outdoor Furniture Market Revenue By Geography, 2014-2020 ($Million)
Table 9 World Lighting Furniture Market Revenue By Geography, 2014-2020 ($Million)
Table 10 World Home Textile Market Revenue By Type, 2014-2020 ($Million)
Table 11 World Home Textile Market Revenue By Geography, 2014-2020 ($Million)
Table 12 World Rug Home Textile Market Revenue By Geography, 2014-2020 ($Million)
Table 13 World Bath Home Textile Market Revenue By Geography, 2014-2020 ($Million)
Table 14 World Bed Home Textile Market Revenue By Geography, 2014-2020 ($Million)
Table 15 World Kitchen & Dining Home Textile Market Revenue By Geography, 2014-2020 ($Million)
Table 16 World Living Room Home Textile Market Revenue By Geography, 2014-2020 ($Million)
Table 17 World Floor Covering Market Revenue By Type, 2014-2020 ($Million)
Table 18 World Floor Covering Market By Geography, 2014-2020 ($Million)
Table 19 World Tile Floor Covering Market Revenue By Geography, 2014-2020 ($Million)
Table 20 World Wood & Laminate Floor Covering Market Revenue By Geography, 2014-2020 ($Million)
Table 21 World Vinyl & Rubber Floor Covering Market Revenue By Geography, 2014-2020 ($Million)
Table 22 World Carpet & Rugs Floor Covering Market Revenue By Geography, 2014-2020 ($Million)
Table 23 World Other Floor Covering Market Revenue By Geography, 2014-2020 ($Million)
Table 24 North America Home Decor Market Revenue By Product, 2014-2020 ($Million)
Table 25 Europe Home Decor Market Revenue By Product, 2014-2020 ($Million)
Table 26 Asia-Pacific Home Decor Market Revenue By Product, 2014-2020 ($Million)
Table 27 LAMEA Home Decor Market Revenue By Product, 2014-2020 ($Million)
Table 28 Snapshot Of Inter Ikea Group
Table 29 Snapshot Of Forbo International Sa
Table 30 Snapshot Of Armstrong World Industries, Inc.
Table 31 Snapshot Of Mannington Mills Inc.
Table 32 Snapshot Of Mohawk Industries Inc.
Table 33 Snapshot Of Shaw Industries
Table 34 Snapshot Of Herman Miller Inc.
Table 35 Snapshot Of Ashley Furniture Industries, Inc.
Table 36 Snapshot Of Kimball International
Table 37 Snapshot Of Duresta Upholstery Ltd.

List of Figures
Fig. 1 Top Impacting Factors
Fig. 2 Top Investment Pockets Of Home Decor Market
Fig. 3 Top Winning Strategies Of Home Decor Market
Fig. 4 Porters Five Force Analysis
Fig. 5 Value Chain Analysis
Fig. 6 U.S. Furnishings And Durable Household Equipment Expenditures (2013-2014)
Fig. 7 Value Of Private Residential Construction In U.S., In $Million (2009-2014)
Fig. 8 Gross National Disposable Income Per Capita (Pps) In Selected European Countries, In Euro(2008-2013)
Fig. 9 Urban Population In Selected Asian Countries, In % (2011-2014)
Fig. 10 Swot Analysis Of Inter Ikea Group
Fig. 11 Revenue Generated By Forbo International Sa, 2012-2014 ($Million)
Fig. 12 Revenue Of Forbo International Sa By Business Segment (%), 2014
Fig. 13 Revenue Of Forbo International Sa By Geography (%), 2014
Fig. 14 Swot Analysis Of Forbo International Sa
Fig. 15 Revenue Generated By Armstrong World Industries, Inc., 2012-2014 ($Million)
Fig. 16 Revenue Of Armstrong World Industries, Inc. By Business Segment (%), 2014
Fig. 17 Revenue Of Armstrong World Industries, Inc. By Geography (%), 2014
Fig. 18 Swot Analysis Of Armstrong World Industries, Inc.
Fig. 19 Swot Analysis Of Mannington Mills Inc.
Fig. 20 Revenue Generated By Mohawk Industries Inc., 2012-2014 ($Million)
Fig. 21 Revenue Of Mohawk Industries Inc. By Business Segment (%), 2014
Fig. 22 Revenue Of Mohawk Industries Inc. By Geography (%), 2014
Fig. 23 Swot Analysis Of Mohawk Industries, Inc.
Fig. 24 Swot Analysis Of Shaw Industries
Fig. 25 Revenue Generated By Herman Miller Inc., 2012-2014 ($Million)
Fig. 26 Revenue Of Herman Miller Inc. By Business Segment (%), 2014
Fig. 27 Revenue Of Herman Miller Inc. By Geography (%), 2014
Fig. 28 Swot Analysis Of Herman Miller Inc.
Fig. 29 Swot Analysis Of Ashley Furniture Industries, Inc.
Fig. 30 Revenue Generated By Kimball International, 2012-2014 ($Million)
Fig. 31 Revenue Of Kimball International By Business Segment (%), 2014
Fig. 32 Revenue Of Kimball International By Geography (%), 2014
Fig. 33 SWOT Analysis Of Kimball International
Fig. 34 SWOT Analysis Of Duresta Upholstery Ltd.

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FEATURED COMPANIES

  • Duresta Upholstery Ltd.
  • Forbo International SA
  • Herman Miller, Inc.
  • Inter IKEA Group
  • Kimball International
  • Mannington Mills, Inc.
  • MORE
Furniture, textiles and floor covering products are important components of home decor. Expansion and further developments in real estate industry, have supplemented the growth of world home decor market. Globalization facilitates easier and wider availability of home decor products and designs for consumers. Moreover, growing consumers preference towards adoption and usage of eco-friendly products, known for their minimal impact on the environment, has also boosted the growth of the market.

Nowadays, consumers prefer online retail platforms for buying furniture, owing to the all-time availability of a wide array of home decor products at discounted/affordable price. Increasing cost of raw materials, such as leather and superior quality wood, is limiting the market growth. Improving lifestyle and increasing disposable income of individuals would offer several growth opportunities to the players operating in the market.

The world home decor market is segmented on the basis of products and geography. The product segment is further segmented into furniture, textiles and floor coverings. The furniture segment is sub-segmented into kitchen, living & bedroom, bathroom, outdoor and lighting. The textiles segment is further categorized into rugs textiles, bath textiles, bed textiles, kitchen & dining textiles and living room textiles. The floor coverings segment includes tiles, wood & laminate, vinyl & rubber, carpets & rugs and others. Based on geography, the market is segmented into North America, Europe, Asia Pacific and LAMEA regions.

The world home decor market is expected to grow at a CAGR of 4.2% during the forecast period 2015 - 2020. Floor covering segment occupied the largest market share in 2014, followed by furniture. In 2014, world home decor market was dominated by Asia-Pacific region and the region is expected to register the fastest CAGR during the forecast period.

The key players operating in the market, include Inter IKEA Group, Forbo International SA, Armstrong World Industries, Inc., Mannington Mills, Inc., Mohawk Industries Inc., Shaw Industries Group, Inc., Herman Miller, Inc., Ashley Furniture Industries Ltd., Kimball International and Duresta Upholstery Ltd. These players are concentrating on development of eco-friendly home decor products.

Key Benefits

- The study provides an in-depth analysis of the world home decor market with current and future trends to elucidate the imminent investment pockets in the market
- Current and future trends have been outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market
- The report provides information regarding key drivers, restraints and opportunities with impact analysis
- Quantitative analysis of the current market and forecast during the period from 20152020 have been provided to highlight the financial appetency of the market
- Porters five forces model analysis of the industry illustrates the potency of the buyers and suppliers participating in the market
- Value chain analysis in the report provides a clear understanding on the roles of stakeholders involved in the value chain

Home Decor Market Segment and Scope

The world home decor market is segmented on the basis of products and geography.

By Product

Furniture
- Kitchen
- Living & bedroom
- Bathroom
- Outdoor
- Lighting
- Textiles
- Rugs
- Bath Textiles
- Bed Textiles
- Kitchen and Dining Textiles
- Living room Textiles
- Floor coverings
- Tiles
- Wood & Laminate
- Vinyl & Rubber
- Carpet & Rugs
- Others (Linoleum, Cork, Bamboo, Concrete)

By Geography

- North America
- Europe
- APAC
- LAMEA

Key Players

- Inter IKEA Group
- Forbo International SA
- Armstrong World Industries, Inc.
- Mannington Mills, Inc.
- Mohawk Industries, Inc.
- Shaw Industries Group, Inc.
- Herman Miller, Inc.
- Ashley Furniture Industries, Ltd.
- Kimball International
- Duresta Upholstery Ltd.

Note: Product cover images may vary from those shown
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- Armstrong World Industries, Inc.
- Ashley Furniture Industries, Ltd.
- Duresta Upholstery Ltd.
- Forbo International SA
- Herman Miller, Inc.
- Inter IKEA Group
- Kimball International
- Mannington Mills, Inc.
- Mohawk Industries, Inc.
- Shaw Industries Group, Inc.

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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