The rise of the real estate sector is one reason for the home décor market's quick growth.
The global home decor market is expected to increase at a strong CAGR throughout the evaluation period and reach a value of roughly US$ 855,680 Mn in 2022. The home décor industry is expanding internationally as more people, particularly in poorer nations, own houses. Furniture, fabrics, and floor coverings are utilised in home décor to improve the living area.
The rise of the real estate sector is one reason for the home décor market's quick growth. Additionally, the ease with which individuals may access new types of designs and a diversity of things for house décor as a result of factors like globalisation is promoting the expansion of this sector.
Furniture and other home décor goods are now more readily available and more reasonably priced thanks to the growth of internet retail. As a result, a lot of individuals are using these online retail stores to furnish their houses. The increase in disposable incomes and the improvement in people's lifestyles are further elements promoting the expansion of this sector. However, some factors, such as the rising cost of raw materials like wood and leather, are restraining the market expansion of home décor items.
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4 Forecast Highlights on Global Home Decor Market
• According to Future Market Insights' prediction, the rug market would reach a value of roughly US$ 155,460 Mn in 2022. From 2017 to 2022, the CAGR for this period of assessment was a strong one. By the end of 2017, the rug segment is projected to represent over one-fifth of the product type segment's revenue share, and by the end of 2022, it is anticipated to increase market share.
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The report has also profiled leading players in the global market for home decor, which will remain active through 2022. These include companies such as Samson Holding Ltd., Koninklijke Philips N.V., Springs Window Fashions LLC, The Oneida Group, Inc., Siemens AG, Suofeiya Home Collection Co., Ltd., Conair Corporation, Inter Ikea Systems B.V, Hanssem Co., Ltd. and Zepter International Inc.
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Aug 29, 2022