Latest News- Home Decor Market in US: Offline is expected to lead the Distribution Channel segment during 2025-2029

The Home Decor Market in US is being driven by Rise in online spending and smartphone penetration

The Home Decor Market in US is expected to grow at a CAGR of 8.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 75.9 billion. In the home decor market of the US, there is a growing trend towards eco-friendly products due to heightened environmental concerns and regulatory oversight. Brands are responding to this shift by offering sustainable alternatives, such as threaded's range of sustainably made bedding and linens, packaged in fabric bags instead of plastic. Additionally, Chairish Inc., an online resale platform for luxury furniture and vintage home goods, promotes sustainability by facilitating the reuse of pre-owned items, thereby reducing the need for new production. This eco-conscious approach is not only beneficial for the environment but also caters to the increasing consumer preference for sustainable home decor solutions. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Product
  • Furniture
  • Floor coverings
  • Others
• Application
  • Indoor
  • Outdoor
• Geography
  • US

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

• Rise in online spending and smartphone penetration
• Growing demand for high-end and luxury home furnishings
• Increasing consumer interest towards home decor

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

• Long product replacement cycles resulting in infrequent purchases
• Criticality of logistics management leading to high overhead costs
• Lack of awareness among the customers

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Market Scope in Home Decor Market in US Research Report

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Research Analysis Overview

The US home decor market encompasses a range of products including furniture, textiles, floor coverings, spa items, office equipment, camping gear, and home textiles for bedrooms, libraries, and outdoor spaces. It caters to various industries like real estate and transportation, employing both mechanical and artisanal processes. Personalized living spaces are in demand, driving home improvement projects and digital marketing initiatives. Consumer trends favor omnichannel retail strategies, apartment living, interior design, and home renovation using wood floors and other sustainable materials.

Market Research Overview

The home decor market encompasses a range of products and industries, including furniture manufacturing and marketing, textiles, floor coverings, spa products, office equipment, and other homeware. According to Technavio, the global home furnishings market size is determined by the consolidated revenue generated by companies involved in the production and distribution of consumer electronics, home appliances, decorative items, and related homeware. Market expansion will be fueled by the surge in residential and commercial construction, with a focus on infrastructure development and the construction of new residences and offices in key regions such as the US, China, and India. Additionally, the increasing number of renovation projects in these countries is contributing to the growing demand for new furniture and home decor.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/