Home Decor Market Share, Segmentation and Overview | 2024-2030

1. Home Decor Marketglobal Analysis Report 2024-2030 Published by: Harshada, Marketing Head

2. Market Size & Overview: The Home Decor Market was valued at approximately USD 718.55 billion in 2023 and is projected to reach USD 939.21 billion by 2030, growing at a CAGR of 3.9% during the forecast period. This growth is driven by increasing consumer interest in interior design and home improvement, influenced by factors such as social media trends and the availability of a wide range of decor products.

3. Market Growth & Opportunities • E-commerce Expansion: The rise of online retail platforms has made home decor products more accessible, allowing consumers to explore and purchase a diverse range of items from the comfort of their homes. • Sustainable Products: There is a growing demand for eco-friendly and sustainable home decor products, prompting manufacturers to innovate and offer environmentally conscious options. • Urbanization and Real Estate Development: Rapid urbanization and growth in the real estate sector have led to increased demand for home decor products as new homeowners seek to personalize their living spaces. Sample Request

4. Market Segmentation by Income Group • LOWER-MIDDLE INCOME • UPPER-MIDDLE INCOME • HIGHER INCOME by Distribution Channel • Supermarkets & Hypermarkets • Specialty Stores • E-commerce • Others by Product Type • Furniture • Home Textile • Floor Covering by Price • Premium • Mass

5. Regional Analysis: • North America: The home decor market in North America is robust, with the United States generating approximately USD 35.44 billion in revenue, making it the largest contributor globally. The market benefits from a strong economy and a high rate of homeownership. • Europe: Europe holds a significant share of the home decor market, with countries like Germany contributing around USD 7.28 billion. The region's rich cultural heritage and emphasis on interior design drive the demand for home decor products. • Asia-Pacific (APAC): The APAC region is experiencing rapid growth in the home decor market, with China generating approximately USD 21.16 billion in revenue. Factors such as rising disposable incomes, urbanization, and a growing middle class contribute to this expansion.

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7. Merges and Acquisition • The Home Depot's Acquisition of The Company Store: In 2023, The Home Depot acquired The Company Store, a leading online retailer of textiles and home decor products, to enhance its online presence and product offerings. • Masco Corporation's Acquisition of Kichler Lighting: Masco Corporation expanded its home decor portfolio by acquiring Kichler Lighting in 2023, aiming to strengthen its position in the decorative lighting market. • Wayfair'sAcquisition of Perigold: In 2023, Wayfair acquired Perigold, a luxury home decor brand, for $150 million. This acquisition aimed to expand Wayfair's portfolio in the high-end home decor market.

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