Home Decor Market Size is expected to reach USD 1.0 trillion by 2019-2025
Home Decor Market Size is expected to reach USD 1.0 trillion by 2019-2025 “Home Decor Market Size, Share & Trends Analysis Report By Product (Furniture, Textile, Flooring), By Application (Indoor, Outdoor), By Region, And Segment Forecasts, 2019 - 2025.” The global home decor market size is expected to reach USD 1.0 trillion by 2025, expanding at a CAGR of 6.6% over the forecast period. Several factors including increasing preference for luxury lifestyle as a result of the influence of western culture and growing interior designing market are expected to boost the market growth in the near future. Growing urbanization has resulted in increased urban dwellers. According to United Nations, 55% of the population is living in urban areas in 2018. As a result of growing urbanization, consumers are expected to build their homes according to the standard of their society and therefore are willing to choose creative and innovative home decor products. In addition, growing working population, particularly women, has induced the consumers to invest in these products owing to increasing purchasing power. Therefore, growing urban population will pose a positive effect on the demand for home decor products in the forecast period. Moreover, globalization has resulted in presence of a wider market for consumers, which facilitate easy product availability with a variety of products across various distribution channels. Request A Sample Copy Of This Report at: https://www.radiantinsights.com/research/home-decor-market/request-sample Follow Us: In 2018, furniture was the largest product segment in the home decor market on account of being an integral part of every house subject to seating, relaxing, and storing. Influence of the western culture plays an important role in increasing the adoption of modular kitchen and wardrobes. This shifting trend has built up a market for non-wooden furniture on account of rising popularity of ecofriendly products. Therefore, new furniture are manufactured in the market with different raw materials such as leather, metal, glass, and other alternatives such as pine wood in combination with wood. Furthermore, increasing popularity of multifunctional furniture owing to less storage space and greater convenience is boosting the growth of furniture in the market. Indoor was the largest application segment in 2018 owing to its increasing application in different locations of the house such as bedroom, bathroom, kitchen, living room, and other covered areas inside the home. Shifting trend towards creative and innovative furnishing as well as furniture has influenced the consumers to invest in these products. For instance, products such as foldable bed cum sofa, and foldable dining table and shelves have been increasingly gaining traction in the market. Moreover, increasing adoption of western culture lifestyle has largely influenced consumers to buy luxury products, particularly for bathroom and bedroom. In addition, increasing usage of upholstery in various applications pose a great potential in the indoor home decor market. Further key findings from the study suggest: By product, textile is projected to ascend at a CAGR of 7.2% over the forecast period The indoor application segment dominated the global market with a revenue share of 92.6% in 2018 North America dominated the global home decor market in 2018, accounting for 37.7% share of the overall revenue The industry is highly competitive in nature with the main players including Inter IKEA Systems B.V.; Kimball International Inc.; Herman Miller, Inc.; home24; Hanssem Corporation; Koninklijke Philips N.V.; and Conair Corporation. Browse Full Research Report at: https://www.radiantinsights.com/research/homedecor-market Table of Contents: Chapter 1. Methodology and Scope 1.1. Market Segmentation & Scope Follow Us: 1.2. Market Definition Chapter 2. Executive Summary 2.1. Market Outlook 2.2. Segmental Outlook 2.3. Competitive Insights Continued… See More Reports of This Category by Radiant Insights at: https://www.radiantinsights.com/catalog/consumer-goods About Radiant Insights,Inc: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. We assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process. We have a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, our experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions. 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