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Home Decor Market by Product Type, Distribution Channel, Income Group, and Price Point: Global Opportunity Analysis and Industry Forecast, 2020-2027

  • ID: 5125460
  • Report
  • May 2020
  • Region: Global
  • 343 Pages
  • Allied Analytics LLP

FEATURED COMPANIES

  • Duresta Upholstery Ltd
  • Forbo International SA
  • Herman Miller Inc.
  • IKEA Group
  • Kimball International
  • Mannington Mills Inc.
The global home decor market was valued at $616.6 billion in 2019, and is estimated to reach $838.6 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. Home décor products such as furniture and textiles are installed across various settings, including spa, office, clean room, restaurants, camping, bedroom, outdoor, library, and stores. The home décor products include various items such as furniture, home textiles (, and floor coverings. Depending on end use, furniture designs can be modified through machine-based processes and handcrafting. The adoption of home decor products has been considerably high in the developed regions such as the U.S., Canada, and Germany, while emerging countries such as China, Brazil, and India are witnessing steady increase.



The global home decor market is highly fragmented due to the presence of multiple vendors in both international and regional players. Developing real estate industry is driving the growth of the global home decor market in the current scenario. The global home decor market has witnessed significant growth over the years, and is expected to grow at a steady pace during the forecast period. This is attributed to A surge in popularity of home décor products such as furniture, home textile, and floor covering among consumers. Moreover, rise in number of small-size houses has encouraged the use of products having facility for extra storage along with enhancing the aesthetical appearance of homes. In addition, rise in popularity of eco-friendly home decor products among consumers, owing to increase in environment concerns significantly contribute toward the growth of the global market.

Moreover, an increase in disposable income and to improvement in living standards in the emerging countries such as China and India along with rise in affinity of consumers toward luxury home decor products augment the growth of the home décor market. Presence of low-cost home decor producers in China and Vietnam is further anticipated to drive the growth of the global market. However, availability of low-quality and counterfeit products restricts the growth of the global market. In addition, the dearth of skilled labor, ineffective transportation, and lack of infrastructure facilities may act as a hindrance for the global home decor market. On the contrary, upA surge in demand for trendy, customized, and fashionable designs for home decor products and an increase in popularity of home decor products among high-income consumers are anticipated to provide lucrative growth opportunities for the global home decor market.

The global home decor market is segmented into product type, Income group, price point, distribution channel, and region. On the basis of product type, the market is divided into furniture, home textile, and floor covering. Depending on distribution channel, it is segregated into supermarkets and hypermarkets, specialty stores, e-commerce, and others. By income group, it is fragmented into lower-middle income, upper-middle income, and higher income. As per price point, it is categorized into mass and premium. Region wise, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in this report 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 focusing on the development of eco-friendly home decor products.

KEY BENEFITS FOR STAKEHOLDERS
  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing global home decor market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the size and segmentation assists to determine the prevailing market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the global industry.
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the global home decor industry.

KEY MARKET SEGMENTATION

BY Product Type
  • Furniture
  • Kitchen
  • Living & Bedroom
  • Bathroom
  • Outdoor
  • Lighting
  • Home Textiles
  • Rugs Textiles
  • Bath Textiles
  • Bed Textiles
  • Kitchen & Dining
  • Textiles
  • Living Room Textiles
  • Floor Coverings
  • Tiles
  • Wood & Laminate
  • Vinyl & Rubber
  • Carpets & Rugs
  • Others

BY Distribution Channel
  • Supermarkets & Hypermarkets
  • Specialty Stores
  • E-commerce
  • Others

Income Group
  • Lower-middle Income
  • Upper-Middle Income
  • Higher Income

Price Point
  • Mass
  • Premium

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • South Africa
  • UAE
  • Rest of LAMEA
Frequently Asked Questions about the Global Home Decor Market

What is the estimated value of the Global Home Decor Market?

The Global Home Decor Market was estimated to be valued at $616.6 billion in 2019.

What is the growth rate of the Global Home Decor Market?

The growth rate of the Global Home Decor Market is 3.9%, with an estimated value of $838.6 billion by 2027.

What is the forecasted size of the Global Home Decor Market?

The Global Home Decor Market is estimated to be worth $838.6 billion by 2027.

Who are the key companies in the Global Home Decor Market?

Key companies in the Global Home Decor Market include 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. and Duresta Upholstery Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

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

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings
2.1.1. Top Impacting Factors
2.1.2. Top Investment Pockets
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Porter’S Five Forces Analysis
3.1.1. Moderate Bargaining Power of Suppliers
3.1.2. High Bargaining Power of Buyers
3.1.3. Moderate Threat of Substitutes
3.1.4. Moderate Threat of New Entrants
3.1.5. High Intensity of Rivalry
3.2. Supply Chain Analysis
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Growing Consumer Interest Towards Home Décor
3.3.1.2. Growth and Developments in Real Estate Industry
3.3.1.3. Increasing Urbanization Worldwide
3.3.2. Restraints
3.3.2.1. Increasing Cost of Raw Materials
3.3.3. Opportunities
3.3.3.1. Increasing Disposable Income
3.3.3.2. Improving Life Style
Chapter 4: Global Home Decormarket, by Product Type
4.1. Overview
4.1.1. Market Size and Forecast
4.2. Home Textile
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Competitive Scenario
4.2.3. Market Size and Forecast
4.2.4. Market Size and Forecast
4.2.5. Market Analysis by Country
4.2.5.1. Rugs Textiles
4.2.5.1.1. Key Market Trends, Growth Factors, and Opportunities
4.2.5.1.2. Competitive Scenario
4.2.5.1.3. Market Size and Forecast
4.2.5.2. Bath Textiles
4.2.5.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.5.2.2. Competitive Scenario
4.2.5.2.3. Market Size and Forecast
4.2.5.3. Bed Textiles
4.2.5.3.1. Key Market Trends, Growth Factors, and Opportunities
4.2.5.3.2. Competitive Scenario
4.2.5.3.3. Market Size and Forecast
4.2.5.4. Kitchen & Dining Textiles
4.2.5.4.1. Key Market Trends, Growth Factors, and Opportunities
4.2.5.4.2. Competitive Scenario
4.2.5.4.3. Market Size and Forecast
4.2.5.5. Living Room Textiles
4.2.5.5.1. Key Market Trends, Growth Factors, and Opportunities
4.2.5.5.2. Competitive Scenario
4.2.5.5.3. Market Size and Forecast
4.3. Floor Covering
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Competitive Scenario
4.3.3. Market Size and Forecast
4.3.4. Market Size and Forecast
4.3.5. Market Analysis by Country
4.3.5.1. Tiles
4.3.5.1.1. Key Market Trends, Growth Factors, and Opportunities
4.3.5.1.2. Competitive Scenario
4.3.5.1.3. Market Size and Forecast
4.3.5.2. Wood & Laminate
4.3.5.2.1. Key Market Trends, Growth Factors, and Opportunities
4.3.5.2.2. Competitive Scenario
4.3.5.2.3. Market Size and Forecast
4.3.5.3. Vinyl & Rubber
4.3.5.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.5.3.2. Competitive Scenario
4.3.5.3.3. Market Size and Forecast
4.3.5.4. Carpets & Rugs
4.3.5.4.1. Key Market Trends, Growth Factors, and Opportunities
4.3.5.4.2. Competitive Scenario
4.3.5.4.3. Market Size and Forecast
4.3.5.5. Others
4.3.5.5.1. Key Market Trends, Growth Factors, and Opportunities
4.3.5.5.2. Competitive Scenario
4.3.5.5.3. Market Size and Forecast
4.4. Furniture
4.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.2. Competitive Scenario
4.4.3. Market Size and Forecast
4.4.4. Market Size and Forecast
4.4.5. Market Analysis by Country
4.4.5.1. Kitchen
4.4.5.1.1. Key Market Trends, Growth Factors, and Opportunities
4.4.5.1.2. Competitive Scenario
4.4.5.1.3. Market Size and Forecast
4.4.5.2. Living and Bedroom
4.4.5.2.1. Key Market Trends, Growth Factors, and Opportunities
4.4.5.2.2. Competitive Scenario
4.4.5.2.3. Market Size and Forecast
4.4.5.3. Bathroom
4.4.5.3.1. Key Market Trends, Growth Factors, and Opportunities
4.4.5.3.2. Competitive Scenario
4.4.5.3.3. Market Size and Forecast
4.4.5.4. Outdoor
4.4.5.4.1. Key Market Trends, Growth Factors, and Opportunities
4.4.5.4.2. Competitive Scenario
4.4.5.4.3. Market Size and Forecast
4.4.5.5. Lighting
4.4.5.5.1. Key Market Trends, Growth Factors, and Opportunities
4.4.5.5.2. Competitive Scenario
4.4.5.5.3. Market Size and Forecast
Chapter 5: Global Home Decormarket, by Distribution Channel
5.1. Overview
5.1.1. Market Size and Forecast
5.2. Supermarkets and Hypermarkets
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis by Country
5.3. Specialty Stores
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis by Country
5.4. E Commerce
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis by Country
5.5. Others
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis by Country
Chapter 6: Global Home Decormarket, by Price
6.1. Overview
6.1.1. Market Size and Forecast
6.2. Premium
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Region
6.2.3. Market Analysis by Country
6.3. Mass
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Region
6.3.3. Market Analysis by Country
Chapter 7: Global Home Decormarket, by Income Group
7.1. Overview
7.1.1. Market Size and Forecast
7.2. Lower-Middle Income
7.2.1. Key Market Trends, Growth Factors, and Opportunities
7.2.2. Market Size and Forecast, by Region
7.2.3. Market Analysis by Country
7.3. Upper-Middle Income
7.3.1. Key Market Trends, Growth Factors, and Opportunities
7.3.2. Market Size and Forecast, by Region
7.3.3. Market Analysis by Country
7.4. Higher Income
7.4.1. Key Market Trends, Growth Factors, and Opportunities
7.4.2. Market Size and Forecast, by Region
7.4.3. Market Analysis by Country
Chapter 8: Global Home Decor Market, by Region
8.1. Overview
8.1.1. Key Market Trends, Growth Factors, and Opportunities
8.1.2. Market Size and Forecast
8.2. North America
8.2.1. Key Market Trends, Growth Factors, and Opportunities
8.2.2. Competitive Scenario
8.2.3. Market Size and Forecast by Product Type
8.2.4. Market Size and Forecast by Distribution Channel
8.2.5. Market Size and Forecast
8.2.6. Market Size and Forecast
8.2.7. Market Size and Forecast by Country
8.2.7.1. U. S.
8.2.7.1.1. Market Size and Forecast, by Product Type
8.2.7.1.2. Market Size and Forecast by Distribution Channel
8.2.7.1.3. Market Size and Forecast
8.2.7.1.4. Market Size and Forecast
8.2.7.2. Canada
8.2.7.2.1. Market Size and Forecast, by Product Type
8.2.7.2.2. Market Size and Forecast by Distribution Channel
8.2.7.2.3. Market Size and Forecast
8.2.7.2.4. Market Size and Forecast
8.2.7.3. Mexico
8.2.7.3.1. Market Size and Forecast, by Product Type
8.2.7.3.2. Market Size and Forecast by Distribution Channel
8.2.7.3.3. Market Size and Forecast
8.2.7.3.4. Market Size and Forecast
8.3. Europe
8.3.1. Key Market Trends, Growth Factors, and Opportunities
8.3.2. Competitive Scenario
8.3.3. Market Size and Forecast by Product Type
8.3.4. Market Size and Forecast by Distribution Channel
8.3.5. Market Size and Forecast
8.3.6. Market Size and Forecast
8.3.7. Market Size and Forecast by Country
8.3.7.1. Germany
8.3.7.1.1. Market Size and Forecast, by Product Type
8.3.7.1.2. Market Size and Forecast by Distribution Channel
8.3.7.1.3. Market Size and Forecast
8.3.7.1.4. Market Size and Forecast
8.3.7.2. France
8.3.7.2.1. Market Size and Forecast, by Product Type
8.3.7.2.2. Market Size and Forecast by Distribution Channel
8.3.7.2.3. Market Size and Forecast
8.3.7.2.4. Market Size and Forecast
8.3.7.3. UK
8.3.7.3.1. Market Size and Forecast, by Product Type
8.3.7.3.2. Market Size and Forecast by Distribution Channel
8.3.7.3.3. Market Size and Forecast
8.3.7.3.4. Market Size and Forecast
8.3.7.4. Italy
8.3.7.4.1. Market Size and Forecast, by Product Type
8.3.7.4.2. Market Size and Forecast by Distribution Channel
8.3.7.4.3. Market Size and Forecast
8.3.7.4.4. Market Size and Forecast
8.3.7.5. Spain
8.3.7.5.1. Market Size and Forecast, by Product Type
8.3.7.5.2. Market Size and Forecast by Distribution Channel
8.3.7.5.3. Market Size and Forecast
8.3.7.5.4. Market Size and Forecast
8.3.7.6. Rest of Europe
8.3.7.6.1. Market Size and Forecast, by Product Type
8.3.7.6.2. Market Size and Forecast by Distribution Channel
8.3.7.6.3. Market Size and Forecast
8.3.7.6.4. Market Size and Forecast
8.4. Asia-Pacific
8.4.1. Key Market Trends, Growth Factors, and Opportunities
8.4.2. Competitive Scenario
8.4.3. Market Size and Forecast by Product Type
8.4.4. Market Size and Forecast by Distribution Channel
8.4.5. Market Size and Forecast
8.4.6. Market Size and Forecast
8.4.7. Market Size and Forecast by Country
8.4.7.1. China
8.4.7.1.1. Market Size and Forecast, by Product Type
8.4.7.1.2. Market Size and Forecast by Distribution Channel
8.4.7.1.3. Market Size and Forecast
8.4.7.1.4. Market Size and Forecast
8.4.7.2. India
8.4.7.2.1. Market Size and Forecast, by Product Type
8.4.7.2.2. Market Size and Forecast by Distribution Channel
8.4.7.2.3. Market Size and Forecast
8.4.7.2.4. Market Size and Forecast
8.4.7.3. Japan
8.4.7.3.1. Market Size and Forecast, by Product Type
8.4.7.3.2. Market Size and Forecast by Distribution Channel
8.4.7.3.3. Market Size and Forecast
8.4.7.3.4. Market Size and Forecast
8.4.7.4. Australia
8.4.7.4.1. Market Size and Forecast, by Product Type
8.4.7.4.2. Market Size and Forecast by Distribution Channel
8.4.7.4.3. Market Size and Forecast
8.4.7.4.4. Market Size and Forecast
8.4.7.5. South Korea
8.4.7.5.1. Market Size and Forecast, by Product Type
8.4.7.5.2. Market Size and Forecast by Distribution Channel
8.4.7.5.3. Market Size and Forecast
8.4.7.5.4. Market Size and Forecast
8.4.7.6. Rest of Asia-Pacific
8.4.7.6.1. Market Size and Forecast, by Product Type
8.4.7.6.2. Market Size and Forecast by Distribution Channel
8.4.7.6.3. Market Size and Forecast
8.4.7.6.4. Market Size and Forecast
8.5. LAMEA
8.5.1. Key Market Trends, Growth Factors, and Opportunities
8.5.2. Competitive Scenario
8.5.3. Market Size and Forecast by Product Type
8.5.4. Market Size and Forecast by Distribution Channel
8.5.5. Market Size and Forecast
8.5.6. Market Size and Forecast
8.5.7. Market Size and Forecast by Country
8.5.7.1. Brazil
8.5.7.1.1. Market Size and Forecast, by Product Type
8.5.7.1.2. Market Size and Forecast by Distribution Channel
8.5.7.1.3. Market Size and Forecast
8.5.7.1.4. Market Size and Forecast
8.5.7.2. South Africa
8.5.7.2.1. Market Size and Forecast, by Product Type
8.5.7.2.2. Market Size and Forecast by Distribution Channel
8.5.7.2.3. Market Size and Forecast
8.5.7.2.4. Market Size and Forecast
8.5.7.3. Uae
8.5.7.3.1. Market Size and Forecast, by Product Type
8.5.7.3.2. Market Size and Forecast by Distribution Channel
8.5.7.3.3. Market Size and Forecast
8.5.7.3.4. Market Size and Forecast
8.5.7.4. Rest of LAMEA
8.5.7.4.1. Market Size and Forecast, by Product Type
8.5.7.4.2. Market Size and Forecast by Distribution Channel
8.5.7.4.3. Market Size and Forecast
8.5.7.4.4. Market Size and Forecast
Chapter 9: Company Profiles
9.1. Inter Ikea SysteMS Bv
9.1.1. Company Overview
9.1.2. Key Executive
9.1.3. Company Snapshot
9.1.4. Product Portfolio
9.1.5. Business Performance
9.1.6. Key Strategic Moves and Developments
9.1.7. Swot Analysis of Inter Ikea SysteMS Bv
9.2. Forbo International Sa
9.2.1. Company Overview
9.2.2. Company Snapshot
9.2.3. Operating Business Segments
9.2.4. Product Portfolio
9.2.5. Business Performance
9.2.6. Swot Analysis of Forbo International Sa
9.3. ArMStrong World Industries, Inc.
9.3.1. Company Overview
9.3.2. Key Executives
9.3.3. Company Snapshot
9.3.4. Operating Business Segments
9.3.5. Product Portfolio
9.3.6. R&D Expenditure
9.3.7. Business Performance
9.3.8. Swot Analysis of ArMStrong World Industries, Inc.
9.4. Mannington Mills Inc.
9.4.1. Company Overview
9.4.2. Key Executive
9.4.3. Company Snapshot
9.4.4. Product Portfolio
9.4.5. Swot Analysis of Mannington Mills Inc.
9.5. Mohawk Industries Inc.
9.5.1. Company Overview
9.5.2. Key Executive
9.5.3. Company Snapshot
9.5.4. Product Portfolio
9.5.5. Business Performance
9.5.6. Swot Analysis of Mohawk Industries, Inc.
9.6. Shaw Industries Group, Inc.
9.6.1. Company Overview
9.6.2. Key Executive
9.6.3. Company Snapshot
9.6.4. Product Portfolio
9.6.5. Swot Analysis of Shaw Industries
9.7. Herman Miller Inc.
9.7.1. Company Overview
9.7.2. Key Executive
9.7.3. Company Snapshot
9.7.4. Product Portfolio
9.7.5. R&D Expenditure
9.7.6. Business Performance
9.8. Ashley Furniture Industries Ltd.
9.8.1. Company Overview
9.8.2. Key Executive
9.8.3. Company Snapshot
9.8.4. Product Portfolio
9.8.5. Swot Analysis of Ashley Furniture Industries, Inc.
9.9. Kimball International
9.9.1. Company Overview
9.9.2. Key Executive
9.9.3. Company Snapshot
9.9.4. Product Portfolio
9.9.5. R&D Expenditure
9.9.6. Business Performance
9.9.7. Swot Analysis of Kimball International
9.10. Duresta Upholstery Ltd.
9.10.1. Company Overview
9.10.2. Company Snapshot
9.10.3. Product Portfolio
9.10.4. Swot Analysis of Duresta Upholstery Ltd.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Duresta Upholstery Ltd
  • Forbo International SA
  • Herman Miller Inc.
  • IKEA Group
  • Kimball International
  • Mannington Mills Inc.
According to the report titled, 'Home Decor Market by Product Type, Income Group, Price Point, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2020-2027' the global home decor market was valued at $616.6 billion in 2019, and is estimated to reach $838.6 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. In 2019, the floor coverings segment accounted for significant revenue share in the total global home decor market, and is expected to grow at a CAGR of 4.0% throughout the forecast period. North America is one of the prominent regions, which accounted for a sizeable share of the total market in 2019.

The global home decor market has witnessed significant growth over the years, and is expected to grow at a steady pace during the forecast period. This is attributed to the fact that market players are focusing on developing eco-friendly products, owing to rise in environment awareness.

The floor covering segment occupied the largest share in the overall home decor market in 2019, and is expected to maintain its leading position throughout the forecast period, owing to the wide adoption of floor coverings, globally. In addition, surge in disposable income and improvement in living standards in the emerging countries such as China and India along with rise in affinity of consumers toward consumer-friendly home décor products are anticipated to boost the demand for home decor products. However, availability of low-quality and counterfeit products and fluctuations in the prices of raw materials used to manufacture these products restrain market growth. Conversely, surge in demand for trendy and unique furniture is anticipated to provide lucrative growth opportunities for the home decor industry.

The report segments the global home decor market on the basis of product type, distribution channel, and region. Depending on product type, the market is divided into furniture, home textile, and floor covering. By distribution channel, it is fragmented into supermarkets & hypermarkets, specialty stores, e-commerce, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

In 2018, Floor coverings was the most prominent segment accounting for maximum share in the global market. This can be attributed to rise in trend of home decoration as well as the standard lifestyle. However, the e-commerce segment is expected to witness the highest growth, owing to increase in penetration of internet and online shopping.

Depending on the global home decor market forecast, Asia-Pacific accounted for the maximum share in the global market in 2019, and is anticipated to continue this trend in the near future. This is attributed to upsurge in expenditure of consumers on luxury home decor products and improvement in standard of living. Moreover, developed retail structure and celebrity brand endorsements help push sales in this region. Furthermore, China is expected to grow at the highest CAGR, owing to rapidly improving infrastructure and changes in the buying behavior of people due to increase in disposable income.

Key Findings of the Study:

On the basis of product type, the furniture segment is expected to witness the fastest growth, registering a CAGR of 4.0% during the forecast period.
In 2019, by distribution channel, the specialty stores segment garnered around half of the global market share.
In 2019, by price point, the mass segment held the highest share, and is expected to growth at a CAGR of 3.6% during the forecast period
Higher income group segment dominated the market in 2019, accounting for significant home decor market share, globally.
In 2019, China was the most prominent market in the Asia-Pacific region, and is expected to grow at a significant CAGR throughout the forecast period.
North America was the dominant region in 2019, accounting for more the one-third of the global home decor market share.

The key players profiled in this report 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 to strengthen their foothold in the market.
Note: Product cover images may vary from those shown
  • 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

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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