The global sustainable home décor market was valued at $331.0 billion in 2021, and is projected to reach $556.3 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.Furniture and fabrics made of sustainable materials are used in a variety of locations, including spas, offices, clean rooms, restaurants, campgrounds, outdoor spaces, libraries, and retail establishments. Furniture, home textiles, and floor coverings are just a few examples of the sustainable home décor products. Furniture designs can be altered using both machine-based and handcrafted techniques, depending on the intended application. While rising nations like China, Brazil, and India are seeing steady growth, developed nations like the U.S., Canada, and Germany have seen a significant surge in the use of sustainable home decor products.
Due to the numerous vendors in both worldwide and regional competitors, the global market for sustainable home decor is highly fragmented. The global market for sustainable home decor is now being driven by the expanding real estate sector. The market for sustainable home decor has shown tremendous growth over the years and is anticipated to continue expanding steadily throughout the projected period. This is due to a rise in customer interest in environmentally friendly home furnishings, textiles, and floor covering. Additionally, the increase in small-sized homes has promoted the adoption of devices that can add extra storage space while also improving the aesthetic appeal of homes.
The global sustainable home decor market is segmented into product type, price point, income group, distribution channel, and region. On the basis of product type, the market is divided into furniture, home textile, and floor covering. As per price point, it is categorized into mass and premium. By income group, it is fragmented into lower-middle income, upper-middle income, and higher income. Depending on distribution channel, it is segregated into supermarkets and hypermarkets, specialty stores, e- commerce, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, and rest of LAMEA).
The impact of the COVID-19 outbreak was moderate on the growth of the global sustainable home decor market. Rise in internet penetration and surge in e-commerce sales contributed toward the growth of the market. However, trade restrictions and lockdown resulted into halting of production and manufacturing units. Conversely, the recovery of the sustainable home decor market is expected in near future.
A crucial factor in the expansion of the global market is the growing customer preference for environmentally friendly, sustainable home design items, which is a result of growing environmental concerns. Additionally, the surge in consumer preference for high-end sustainable home decor products and improvements to living standards in rising nations like China and India all contribute to the market's expansion. It is also projected that the existence of low-cost sustainable home decor makers in China and Vietnam will further propel the expansion of the worldwide market. The global market's expansion is also constrained by the availability of low-quality and fake goods.
The major players operating in the global sustainable home decor market are Vermont Woods Studios, Cisco Brothers, Lee Industries Inc., Duresta Upholstery Ltd., Greenington, Jianxgi, La-Z-Boy Inc., Manchester Wooden, Moso International, Shenzhen Vincent Handicraft, Ashley Furniture, Forbo, Herman Miller Inc., Inter IKEA Holding B.V., and Mannington Mills, Inc.
Due to the numerous vendors in both worldwide and regional competitors, the global market for sustainable home decor is highly fragmented. The global market for sustainable home decor is now being driven by the expanding real estate sector. The market for sustainable home decor has shown tremendous growth over the years and is anticipated to continue expanding steadily throughout the projected period. This is due to a rise in customer interest in environmentally friendly home furnishings, textiles, and floor covering. Additionally, the increase in small-sized homes has promoted the adoption of devices that can add extra storage space while also improving the aesthetic appeal of homes.
The global sustainable home decor market is segmented into product type, price point, income group, distribution channel, and region. On the basis of product type, the market is divided into furniture, home textile, and floor covering. As per price point, it is categorized into mass and premium. By income group, it is fragmented into lower-middle income, upper-middle income, and higher income. Depending on distribution channel, it is segregated into supermarkets and hypermarkets, specialty stores, e- commerce, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, United Arab Emirates, and rest of LAMEA).
The impact of the COVID-19 outbreak was moderate on the growth of the global sustainable home decor market. Rise in internet penetration and surge in e-commerce sales contributed toward the growth of the market. However, trade restrictions and lockdown resulted into halting of production and manufacturing units. Conversely, the recovery of the sustainable home decor market is expected in near future.
A crucial factor in the expansion of the global market is the growing customer preference for environmentally friendly, sustainable home design items, which is a result of growing environmental concerns. Additionally, the surge in consumer preference for high-end sustainable home decor products and improvements to living standards in rising nations like China and India all contribute to the market's expansion. It is also projected that the existence of low-cost sustainable home decor makers in China and Vietnam will further propel the expansion of the worldwide market. The global market's expansion is also constrained by the availability of low-quality and fake goods.
The major players operating in the global sustainable home decor market are Vermont Woods Studios, Cisco Brothers, Lee Industries Inc., Duresta Upholstery Ltd., Greenington, Jianxgi, La-Z-Boy Inc., Manchester Wooden, Moso International, Shenzhen Vincent Handicraft, Ashley Furniture, Forbo, Herman Miller Inc., Inter IKEA Holding B.V., and Mannington Mills, Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sustainable home décor market analysis from 2021 to 2031 to identify the prevailing sustainable home décor market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the sustainable home décor market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global sustainable home décor market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Product Type
- Floor Covering
- Furniture
- Home Textile
By Price Point
- Premium
- Mass
By Income Group
- Lower middle income
- Upper middle income
- Higher income
By Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- E commerce
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- United Arab Emirates
- Rest of LAMEA
Key Market Players
- Armstrong World Industries, Inc.
- Ashley Furniture Industries Ltd.
- Cisco Bros. Corp.
- Duresta Upholstery Ltd.
- Forbo International SA
- Greenington
- Herman Miller Inc.
- Inter IKEA Systems BV
- Kimball International
- La-Z-Boy Inc.
- Mannington Mills Inc.
- Mohawk Industries Inc.
- Moso International B.V.
- Shaw Industries Group, Inc.
- Vermont Woods Studios
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: SUSTAINABLE HOME DECOR MARKET, BY PRODUCT TYPE
CHAPTER 5: SUSTAINABLE HOME DECOR MARKET, BY PRICE POINT
CHAPTER 6: SUSTAINABLE HOME DECOR MARKET, BY INCOME GROUP
CHAPTER 7: SUSTAINABLE HOME DECOR MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 8: SUSTAINABLE HOME DECOR MARKET, BY REGION
CHAPTER 9: COMPANY LANDSCAPE
CHAPTER 10: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Sustainable Home Décor Market," the sustainable home decor market size was valued at $331.0 billion in 2021, and is estimated to reach $556.3 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.In terms of revenue, the floor coverings segment contributed significantly to the overall global sustainable home decor market in 2021 and is predicted to expand at a CAGR of 5.6% over the course of the forecast period. One of the key areas, North America, represented a sizable portion of the global sustainable home décor market in 2021. Over the years, there has been tremendous expansion in the sustainable home décor market, and this trend is anticipated to continue steadily during the projected period. Due to growing environmental awareness, market participants are concentrating on creating eco-friendly products, which is why this has occurred. This is creating sustainable home decor market opportunity.
Due to the widespread use of floor coverings around the world, the floor covering segment held the greatest sustainable home decor market share in the total sustainable home decor market in 2021 and is predicted to continue holding this position going forward. Additionally, it is projected that a rise in disposable income, an improvement in living conditions in developing nations like China and India, as well as a rise in consumer affinities for consumer-friendly home décor products, will increase demand for sustainable home decor items. However, the availability of substandard and fake goods as well as changes in the cost of the raw materials used to make these goods limit market expansion.
According to the sustainable home decor market analysis, the global sustainable home decor market is segmented into product type, price point, income group, distribution channel, and region. On the basis of product type, the market is divided into furniture, home textile, and floor covering. Among these, the floor covering segment occupied the major share of the market in 2021, and is projected to maintain its dominance during the sustainable home decor market forecast period. This can be due to both the rising standard of living and the trend of home design. However, due to increased internet usage and online buying, the e-commerce industry is anticipated for sustainable home decor market growth.
According to the estimate for the global sustainable home decor market, Asia-Pacific held the largest share of the market in 2021 and is expected to keep doing so in the near future. The increase in consumer spending on high-end, environmentally friendly home design items and the rise in living standards are ascribed to this. Sales in this area are further boosted by a well-developed retail infrastructure and celebrity brand endorsements. Additionally, China is anticipated to expand at the greatest CAGR because of its fast-developing infrastructure and alterations in consumer behavior brought on by an increase in disposable income. This is one of the sustainable home decor market trends.
The COVID-19 epidemic had a minimal effect on the global market for sustainable home design. The pandemic's disruption of the supply chain, shortage of raw material availability, and restrictions on the transit of commodities had an effect on the market for sustainable home decor. Additionally, delays and disruptions at national borders have made it difficult to export and supply sustainable home decor around the globe. On the other hand, increased use of internet sales channels benefited the market.
The major players analyzed for global sustainable home decor industry are Vermont Woods Studios, Cisco Brothers, Lee Industries Inc., Duresta Upholstery Ltd., Greenington, Jianxgi, La-Z-Boy Inc., Manchester Wooden, Moso International, Shenzhen Vincent Handicraft, Ashley Furniture, Forbo, Herman Miller Inc., Inter IKEA Holding B.V., and Mannington Mills, Inc.
Key Findings of the Study
- By product types, the floor covering segment was the highest revenue contributor to the market, with $155,516.0 million in 2021, and is estimated to reach $263,618.8 million by 2031, with a CAGR of 5.6%.
- Depending on price point, the mass segment was the highest revenue contributor to the market, with $196,728.8 million in 2021, and is estimated to reach $324,776.1 million by 2031, with a CAGR of 5.3%.
- By income group, the higher income segment was the highest revenue contributor to the market, with $122,273.2 million in 2021, and is estimated to reach $208,730.5 million by 2031, with a CAGR of 5.6%.
- As per distribution channel, the specialty stores segment was the highest revenue contributor to the market, with $159,418.8 million in 2021, and is estimated to reach $262,007.2 million by 2031, with a CAGR of 5.2%.
- Region wise, Asia-Pacific was the highest revenue contributor, accounting for $104,272.3 million in 2021, and is estimated to reach $173,570.2 million by 2031, with a CAGR of 5.4%.
Companies Mentioned
- Armstrong World Industries, Inc.
- Ashley Furniture Industries Ltd.
- Cisco Bros. Corp.
- Duresta Upholstery Ltd.
- Forbo International Sa
- Greenington
- Herman Miller Inc.
- Inter Ikea Systems Bv
- Kimball International
- La-Z-Boy Inc.
- Mannington Mills Inc.
- Mohawk Industries Inc.
- Moso International B.V.
- Shaw Industries Group, Inc.
- Vermont Woods Studios
Methodology
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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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 350 |
| Published | July 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 331 billion |
| Forecasted Market Value ( USD | $ 556.3 billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
