Home decor is the art of designing the internal and external part of a house, making them functionally useful for residents. Home decor items include floor covering, textiles, Carpet & Area Rugs, Bedroom & Kitchen Furniture, Lamp & Lighting Pots, Candles, Artifacts etc. The United States is mostly an urbanized society with high disposable income, making the home decor industry a bright future. According to the report, United States Home Décor Market is expected to be USD 283 Billion by the end of the year 2026.
Online Stores Emerged as new Medium for the Sale of Home Décor Products
In the last few decades, home décor products were traditionally sold from Specialty Stores and Supermarkets. But in the last few years, especially after COVID, E-commerce stores have also started to generate good sales. Penetration of devices like smartphones and tablets with easy payment options has also fueled the market growth of online home décor products. Digital marketing and Social Media have started to play a much bigger role compared to magazines and television advertisements. Social media influences consumer purchasing decisions. Since Generation Z and Millennial, people also buy home decor products through social media. The US Home Decor Market has witnessed significant growth over the years, and it is expected to grow with a CAGR of 6.78% from 2020 to 2026.
COVID-19 Impact on the United States Home Décor Market
Due to the pandemic, international trade was put on hold, which resulted in a shortage of raw materials.
COVID-19 outbreak, on the other hand, interrupted the supply chain. Also, a majority of the manufacturing facilities halted their operations too.
The demand for home décor also declined during the first phase of the lockdown. However, in several regions, the government bodies are uplifting the regulations, thereby allowing them to restart their processes.
The reasons for this report to be among the best and must buy category:
The study concludes with a quantitative analysis of the current United States home decor market drift, assessment, and dynamics of the market size from 2016 to 2026 to identify the prevailing opportunities.
In-depth analysis and the United States home decor market size and segmentation help determine the general global home decor market opportunities.
The different market players positioning segment facilitates benchmarking and clarifies the industry's market players' present position.
This new report titled "United States Home Decor Market by Product (Home Textile, Floor Covering, Furniture) Distribution Channels (Specialty Stores, E-commerce, Supermarkets & Others) Category (Eco-friendly, Conventional), Price (Premium, Mass), Income (Lower Middle, Upper Middle, Higher) Company (Inter IKEA Systems B.V., Bed Bath & Beyond Inc., Herman Miller, Mohawk Industries Inc., Williams-Sonoma, Inc.)" provides detailed analysis of United States Home Décor Industry.
Home Décor - Market is Covered from 5 Viewpoints
1. By Product Type
2. By Distribution Channel
3. By Category
4. By Price
5. By Income
Products - Market breakups from 3 Viewpoints
1. Home Textile
2. Floor Covering
3. Furniture
Home Textile - Market breakups from 4 Viewpoints
1. Bedroom Textile
2. Bathroom Textile
3. Carpet & Floor Covering Textile
4. Others
Floor Covering - Market breakups from 8 Viewpoints
1. Carpet & Area Rugs
2. Hardwood
3. Ceramic
4. Vinyl
5. 7Luxury Vinyl Tile
6. Stone
7. Laminate
8. Rubber/Other Resilient
Furniture - Market breakups from 5 Viewpoints
1. Living Room & Dining Room
2. Bedroom Furniture
3. Kitchen Furniture
4. Lamp & Lighting
5. Plastic & Other Furniture
Distribution Channel - Market breakups from 4 Viewpoints
1. Specialty Stores
2. E-commerce
3. Supermarkets
4. Others
Category - Market breakups from 2 Viewpoints
1. Eco-friendly
2. Conventional
Price - Market breakups from 2 Viewpoints
1. Premium
2. Mass
Income - Market breakups from 3 Viewpoints
1. Lower Middle Income
2. Upper Middle Income
3. Higher Income
All companies have been covered from 3 viewpoints
- Overviews
- Recent Developments
- Revenues
Company Analysis
1. Inter IKEA Systems B.V.
2. Bed Bath & Beyond Inc.
3. Herman Miller
4. Mohawk Industries Inc.
5. Williams-Sonoma, Inc.
Table of Contents
Companies Mentioned
- Inter IKEA Systems B.V.
- Bed Bath & Beyond Inc.
- Herman Miller
- Mohawk Industries Inc.
- Williams-Sonoma, Inc.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
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