Home Decor Market Overview:
Extensive primary and secondary research Home Decor Market has been undertaken by a dedicated research team to conduct a comprehensive study of the worldwide industry’s market. The secondary research was employed to augment existing data, segment the market, evaluate the overall market size, forecast growth rates, and delve deeper into market analysis.
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Home Decor Market Scope:
Maximize, our team, aggregates market information and data from various sources to offer a more realistic regional perspective. The country-level analysis within the study relies on an examination of numerous regional stakeholders, regional tax regulations, consumer behavior patterns, and macroeconomic statistics.
Home Decor Market Drivers:
The development of the global real estate & commercial construction industry is one of the important influences driving the development of the online home decor market. The other major factor contributing to online home decor sales is the growing number of renovation & modification projects. Factors like the rising tech-savvy population, growing internet penetration, & the development of the organized online retail sector have encouraged residents to order home furnishing items online. Moreover, the availability of numerous online home decor vendors, with wide product offerings, is providing consumers with a wide range of furniture & furnishings to choose from. As a result, the online home decor market development should be enormous during the forecast period.
When the Covid-19 lockdown was 1st announced in March 2021, not many of people were sure about what really lay ahead. Now, even at the end of year 2021, a lot of people are still counting days to be able to lastly step out of the home to go to the office, hang out with friends & to travel, leaving behind their anxieties & worries about being infected. But in these last9-10 months, People have reoriented their way of living around the 4 walls of their homes. They have learned to connect with the society over the virtual medium, to cook & clean, & to WFH on a daily basis. And while doing so, many people have naturally channelled their energies into livening up their surrounds, leading to growing interest in reforming their homes.
Home Decor Market Segmentation:
by Product Type
Furniture
Home Textile
Floor Covering
by Price
Premium
Mass
by Income Group
LOWER-MIDDLE INCOME
UPPER-MIDDLE INCOME
HIGHER INCOME
by Distribution Channel
Supermarkets & Hypermarkets
Specialty Stores
E-commerce
Others
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Home Decor Market Key Players: The prominent players include:
1. Inter IKEA Systems BV
2. Forbo International SA
3. Armstrong World Industries, Inc.
4. Mannington Mills Inc.
5. Mohawk Industries Inc.
6. Shaw Industries Group, Inc.
7. Herman Miller Inc.
8. Ashley Furniture Industries Ltd.
9. Kimball International
10.Duresta Upholstery Ltd.
11.home24
12.Hanssem Corporation
13.Koninklijke Philips N.V.
14.Conair Corporation
15.Suofeiya Home Collection Co., Ltd.
16.Springs Window Fashions LLC
17.Siemens AG.
18.J.C. Penney
19.Otto
20.Sears Holdings
Regional Analysis:
The country-level assessment of the Home Decor Market focuses on categories identified as potential areas for high growth, countries holding significant market shares, and those demonstrating high developmental prospects. Regional breakdowns in the Home Decor Market report encompass North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other countries.
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COVID-19 Impact Analysis on Home Decor Market: The report also incorporates an analysis of the impact of COVID-19 on the global Home Decor market.
Key Questions Addressed in the Home Decor Market Report:
- Which product segment dominated the Home Decor market share in 2020?
- How is the anticipated competitive landscape of the Home Decor market forecasted for the period 2021-2027?
- What are the primary factors contributing to the growth of the Home Decor market?
- Which region accounted for the largest share in the Home Decor market in 2020?
- What is the projected Compound Annual Growth Rate (CAGR) of the global Home Decor market during the forecast period (2021-2027)?
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