Looking forward, IMARC Group expects the global home decor market to exhibit moderate growth during 2021-2026.
Sheridan, United States - August 10, 2021 /MarketersMedia/ —
The latest report by IMARC Group, titled “Home Décor Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, finds that the global home décor market reached a value of US$ 641.4 Billion in 2020. Home décor items are used for decorating a house or apartment and providing a personal touch to the place. These products add to the interior aesthetics and are an effective way of portraying the style of the owner. Some of the common home décor products include artifacts, lamps, candles, furniture and vases. Inflating income levels and improving standards of living have led to a rapid increase in the number of individual households. This has resulted in a rise in the demand for home décor items across the globe. Moreover, as affluent consumers hire interior decorators to enhance the aesthetics of their homes, it has further impelled the demand for luxurious home décor products.
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Market Trends:
Over the years, the growing rural to urban migration has resulted in the expansion of the real estate sector in large cities. Similarly, rapid globalization has provided easier access to a wide variety of home décor products to consumers throughout the world. In line with this, consumers these days are shifting towards online retail platforms for purchasing home décor products as these stores offer products from different parts of the world at discounted or affordable prices. Apart from this, with widespread awareness about environmental concerns, the manufacturers are introducing eco-friendly home décor products which have minimal impact on the environment. For instance, Greenington is a global manufacturer which produces numerous bamboo products from fully sustainable forests. Market players are also collaborating with interior designers to provide consumers with a broad range of customized home décor items. Looking forward, IMARC Group expects the global home decor market to exhibit moderate growth during 2021-2026.
Market Summary:
Based on product types, the market has been segmented into home furniture, home textiles, flooring, wall décor, lighting and others. Currently, home furniture is the most popular product in the global home décor market.
On the basis of distribution channels, the market has been segregated into home décor stores, supermarkets and hypermarkets, direct to customers, gift shops, online and others.
Region-wise, North America enjoys the leading position in the global home décor market. Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.
The competitive landscape of the global home décor market has also been analyzed with the profiles of the leading key players operating in the market.
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Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021-2026)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Source: MarketersMedia
Release ID: 89040959
