It has been observed that home décor has gradually gained huge significance among various western
nations. The demands among the customers are burgeoning to give an appropriate shape to their
homes as well as redesign them in a trendy manner. The Home Decor Industry is attaining huge
recognition across various sectors owing to burgeoning demands and prerequisites.
It is significant that the Home Decor Industry is growing at a robust rate. The key factors that are
influencing the overall market growth positively may entail rise in the industrialization, developing
sectors, rapid urbanization, rise in the disposable income, burgeoning applications across various
sectors, rise in the demands for peaceful decor, improved standard of living, rise in the consumers
liking towards home decor, and advancement in technology, and mounting investments by the
leading investments.
Besides, the manufacturers are siding with various plans including acquisitions, joint ventures, and
partnerships that are eventually contributing in the inorganic growth of the Home Decor market. On
account of all the above factors, it is estimated that the market will register a healthy CAGR in the
upcoming period. The factor that is impeding the overall growth of this market may entail soaring
costs of the home décor products.
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Home Decor Industry can be split by type, distribution channel, and geography. Home Decor Industry
is segregated by product type as Furniture, Home Textile, Floor Covering, and others. Among all the
product types, the Furniture segment is taking up the largest share in the market, the reasons being
augmented disposable income, rise in the adoption levels among masses, and rising inclinations
towards modular kitchen as well as lighting.
Home Decor Market is divided by distribution channel as Boutique Stores, Departmental Stores,
Specialty Stores, Online Platform, and others. Among all the distribution channels, the Online
Platform is holding a significant share in the market as it is well outfitted with appropriate door-to-
door distribution and fitting facilities. This industry is segmented by geography as North America,
Europe, China, Japan, Southeast Asia, and India.