The Latin America, Middle East and Africa Sustainable Home Decor Market is expected to witness market growth of 7.1% CAGR during the forecast period (2022-2028).
The demand for eco-friendly home furnishings has been growing in emerging economies as the middle to the upper middle class is expanding. Additionally, the rise of the business is fueled by increased consumer disposable income in both established and emerging nations. Furthermore, aggressive marketing campaigns and celebrity endorsements have significantly contributed to the growth of the industry.
The increase in sustainable interiors from the residential sector is also being driven by an increase in the adoption of eco-friendly housing projects by businesses in nations like Australia, China, Singapore, the United States, and Canada due to client demand as well as the prominence of environmental regulations. The use of ecologically friendly furniture and other furnishings in the commercial and residential sectors is greatly boosted by this situation. Leading business executives predict that the market for sustainable home décor will grow significantly over the forecast period due to growing consumer interest in the concept of sustainable home decor.
In this region, the sustainable home decor sector is undergoing rapid development. It is due to the fast-rising number of Multinational Companies (MNCs) that are being established and the soaring job prospects, which are fuelling the demand for office spaces and furniture. The green building projects across the region bolster the expansion of the sustainable home decor market. The rise of e-commerce and online retailing are the forces behind the expansion of the market in this region.
The Brazil market dominated the LAMEA Sustainable Home Decor Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $8,335.8 million by 2028.The Argentina market is experiencing a CAGR of 7.6% during (2022 - 2028). Additionally, The UAE market is expected to display a CAGR of 6.8% during (2022 - 2028).
Based on Price Point, the market is segmented into Mass and Premium. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarket/Hypermarket, Ecommerce and Others. Based on Income Group, the market is segmented into Higher Income, Upper Middle Income and Lower Middle Income. Based on Product Type, the market is segmented into Floor Covering, Furniture and Home Textile. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Armstrong World Industries, Inc., Mohawk Industries Inc., Inter IKEA Systems B.V., Herman Miller, Inc., Forbo Management SA, Kimball International Inc., Ashley Furniture Industries, LLC, Cisco Brothers Corp., Duresta Upholstery Ltd., and Greenington Fine Bamboo.
The demand for eco-friendly home furnishings has been growing in emerging economies as the middle to the upper middle class is expanding. Additionally, the rise of the business is fueled by increased consumer disposable income in both established and emerging nations. Furthermore, aggressive marketing campaigns and celebrity endorsements have significantly contributed to the growth of the industry.
The increase in sustainable interiors from the residential sector is also being driven by an increase in the adoption of eco-friendly housing projects by businesses in nations like Australia, China, Singapore, the United States, and Canada due to client demand as well as the prominence of environmental regulations. The use of ecologically friendly furniture and other furnishings in the commercial and residential sectors is greatly boosted by this situation. Leading business executives predict that the market for sustainable home décor will grow significantly over the forecast period due to growing consumer interest in the concept of sustainable home decor.
In this region, the sustainable home decor sector is undergoing rapid development. It is due to the fast-rising number of Multinational Companies (MNCs) that are being established and the soaring job prospects, which are fuelling the demand for office spaces and furniture. The green building projects across the region bolster the expansion of the sustainable home decor market. The rise of e-commerce and online retailing are the forces behind the expansion of the market in this region.
The Brazil market dominated the LAMEA Sustainable Home Decor Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $8,335.8 million by 2028.The Argentina market is experiencing a CAGR of 7.6% during (2022 - 2028). Additionally, The UAE market is expected to display a CAGR of 6.8% during (2022 - 2028).
Based on Price Point, the market is segmented into Mass and Premium. Based on Distribution Channel, the market is segmented into Specialty Stores, Supermarket/Hypermarket, Ecommerce and Others. Based on Income Group, the market is segmented into Higher Income, Upper Middle Income and Lower Middle Income. Based on Product Type, the market is segmented into Floor Covering, Furniture and Home Textile. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Armstrong World Industries, Inc., Mohawk Industries Inc., Inter IKEA Systems B.V., Herman Miller, Inc., Forbo Management SA, Kimball International Inc., Ashley Furniture Industries, LLC, Cisco Brothers Corp., Duresta Upholstery Ltd., and Greenington Fine Bamboo.
Scope of the Study
Market Segments Covered in the Report:
By Price Point
- Mass
- Premium
By Distribution Channel
- Specialty Stores
- Supermarket/Hypermarket
- Ecommerce
- Others
By Income Group
- Upper Middle Income
- Lower Middle Income
By Product Type
- Floor Covering
- Furniture
- Home Textile
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Armstrong World Industries, Inc.
- Mohawk Industries Inc.
- Inter IKEA Systems B.V.
- Herman Miller, Inc.
- Forbo Management SA
- Kimball International Inc.
- Ashley Furniture Industries, LLC
- Cisco Brothers Corp.
- Duresta Upholstery Ltd.
- Greenington Fine Bamboo
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Sustainable Home Decor Market by Price Point
Chapter 5. LAMEA Sustainable Home Decor Market by Distribution Channel
Chapter 6. LAMEA Sustainable Home Decor Market by Income Group
Chapter 7. LAMEA Sustainable Home Decor Market by Product Type
Chapter 8. LAMEA Sustainable Home Decor Market by Country
Chapter 9. Company Profiles
Companies Mentioned
- Armstrong World Industries, Inc.
- Mohawk Industries Inc.
- Inter IKEA Systems B.V.
- Herman Miller, Inc.
- Forbo Management SA
- Kimball International Inc.
- Ashley Furniture Industries, LLC
- Cisco Brothers Corp.
- Duresta Upholstery Ltd.
- Greenington Fine Bamboo
Methodology
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