Latest News- Home Decor Market: Furniture is expected to lead the Product segment during 2025-2029

The Home Decor Market is being driven by Rising disposable income among global consumers

The Home Decor Market is expected to grow at a CAGR of 9.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 470.5 million. The global trend towards eco-friendly construction is significantly fueling the market demand for sustainable furniture. Notable firms in countries like Australia, China, Singapore, the US, and Canada are embracing eco-friendly housing projects in response to client preferences and stringent environmental regulations. This shift towards green interiors is particularly prominent in the residential sector, leading to a surge in the application of eco-friendly furniture and furnishings. Furthermore, the growing health concerns linked to traditional furniture, which releases harmful volatile organic compounds (VOCs) and triggers allergies, headaches, and asthma, is driving the demand for eco-friendly designs. Consequently, the market for sustainable furniture and furnishings is poised for substantial growth in both the commercial and residential sectors. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Furniture
  • Floor coverings
  • Others
• Distribution Channel
  • Offline
  • Online
• Price
  • Mass
  • Premium
• Application
  • Indoor
  • Outdoor
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising disposable income among global consumers
• Ongoing evolution of consumer lifestyles
• Rising popularity of blogs related to interior designing

However, the market also witnesses some limitations, which are as follows:

• High volatility in raw material prices and transportation costs in home decor products
• Long product replacement cycle of home decor products resulting in infrequent purchases
• Manual assembly issues associated with home decor products

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Market Scope in Home Decor Market Research Report

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Research Analysis Overview

The Home Decor Market encompasses various sectors including Furniture, Textiles, and Floor Coverings, catering to small houses and elevating living standards. Skilled labor, transportation, and infrastructure facilities are crucial. Physical retail stores coexist with online retail outlets, addressing consumer interests and lifestyles. House possessions span from decor and fixtures to environmentally friendly items, influenced by consumer preferences. Housing starts, disposable incomes, and lifestyle improvement drive market growth. Customer service is key, with timber flooring and raw materials essential components.

Market Research Overview

The global home decor market encompasses businesses involved in the production and distribution of furniture, home furnishings, floor coverings, and decorative items. According to Technavio's market analysis, the home decor market size is determined by the collective revenue generated by manufacturers and marketers of consumer electronics, home furnishings, decorative products, household appliances, and other homeware products. Factors fueling the expansion of this market include the growing residential and commercial construction sectors, with an emphasis on infrastructure development and the construction of new residential and commercial properties in key regions such as the US, China, and India. Furthermore, the increasing number of renovation projects is also contributing to the rising demand for new furniture and home decor solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/