Decorative Accessories Market Report 2025

The decorative accessories market size has grown strongly in recent years. It will grow from $76.78 billion in 2024 to $82.34 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. The growth during the historic period can be attributed to the rise in home renovations, an increase in disposable income, growth in urbanization, the expansion of e-commerce, and a rise in real estate investments.

The decorative accessories market size is expected to see strong growth in the next few years. It will grow to $107.75 billion in 2029 at a compound annual growth rate (CAGR) of 7%. The anticipated growth during the forecast period can be attributed to the increasing demand in the hospitality sector, rising awareness of home decor, a growing preference for smart décor, the growing influence of social media, and the rising popularity of minimalist design. Key trends expected during this period include the integration of smart home technology, augmented reality applications, AI-driven home decor suggestions, 3D printed décor, and the adoption of virtual showrooms.

The growth of home renovation and remodeling activities is expected to drive the expansion of the decorative accessories market. These activities involve improving, restoring, or modifying residential spaces to enhance functionality, aesthetics, and value. The rising demand for home renovations is fueled by homeowners' desire to create personalized, functional living spaces that provide a sense of satisfaction and control over their environments. Decorative accessories play a crucial role in home renovations by adding style, personality, and cohesion to spaces, tying together architectural elements, color schemes, and furniture to create a polished, inviting atmosphere. For example, in March 2024, Houzz, a US-based home remodeling platform, reported a significant increase in home improvement spending. The median remodeling cost grew by 60% from $15,000 to $24,000 in 2023, with 51% of homeowners spending $25,000 or more on renovations, marking a 37% increase over the previous three years. As such, the rising trend in home renovations is boosting the growth of the decorative accessories market.

Companies in the decorative accessories market are focusing on creating theme-based decor to meet evolving consumer preferences for personalized and stylish home interiors. Theme-based decoration involves using a unifying concept or style to create a cohesive and harmonious look in a space. For example, in August 2022, At Home Group Inc., a US-based home décor company, introduced Honeybloom, a private-label modern farmhouse décor line. The collection features furniture, rugs, wall décor, and seasonal items designed to evoke warmth and togetherness while maintaining a stylish, lived-in aesthetic. This brand reflects At Home's mission to offer exclusive designs at competitive prices across its more than 250 stores.

In December 2024, Consortium Brand Partners (CBP), a US-based investment company, acquired Jonathan Adler for an undisclosed sum. This acquisition is aimed at expanding CBP’s home décor portfolio and enhancing its ability to create compelling brand experiences across various lifestyle categories. Jonathan Adler is a US-based company that produces decorative accessories, furniture, home décor, and lifestyle products.

Major players in the decorative accessories market are Berkshire Hathaway Inc., The Home Depot Inc., Lowe’s Companies Inc., General Electric Company, Inter IKEA Holding B.V., H&M Home, Koninklijke Philips NV, Ashley Furniture Industries Inc., Wayfair Inc., Mohawk Industries Inc., Williams-Sonoma Inc., Bed Bath & Beyond Inc., Urban Outfitters Inc., MillerKnoll Inc., Zara Home, Pottery Barn, Rooms To Go Inc., Euromarket Designs Inc. (operating as Crate & Barrel), At Home Group Inc., Forbo Holding AG.

North America was the largest region in the decorative accessories market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the decorative accessories market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Decorative accessories are items designed to enhance the aesthetic appeal of a space, such as vases, candles, artwork, and sculptures. They are used to add personality, style, and ambiance to homes, offices, and event settings.

The main types of decorative accessories include lamps and lighting, pottery and vases, home décor, pillows, rugs, and other decorative items. Lamps and lighting devices provide illumination while enhancing the ambiance of a space. These products are made from various materials, including metal, wood, glass, ceramic, fabric, and more. They are distributed through various channels, such as hypermarkets, supermarkets, specialty stores, department stores, online platforms, and others. Lamps and lighting are used in a variety of applications, including residential spaces, institutions, corporate offices, malls, and more.

The decorative accessories market research report is one of a series of new reports that provides decorative accessories market statistics, including the decorative accessories industry's global market size, regional shares, competitors with a decorative accessories market share, detailed decorative accessories market segments, market trends and opportunities, and any further data you may need to thrive in the decorative accessories industry. This decorative accessories market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The decorative accessories market consists of sales of vases and decorative bowls, wall arts, framed paintings, decorative mirrors, sculptures, figurines, candles, and candle holders. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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