Home Decor Industry Growth Factors, Demand and Trends Forecast to 2027 |Ikea, Philips, Suofeiya Home Collection

The global Home Decor market was valued at 54088.67 Million USD in 2020 and will grow with a CAGR of 2.4% from 2021 to 2027. Due to the growth of the affluent population, the global home decor market has grown in emerging economies. In addition, increasing consumer environmental consciousness moved their preference towards environmentally friendly decorative items, which is a crucial element in the global market's growth. In addition, increasing consumer disposable income in both established and emerging countries support market growth.

Due to the highly advanced retail structure of the region, North America will lead the home decor industry in 2020. In addition, the expansion of market growth is boosted by the growth in the introduction of global home decor items through aggressive publicity and brand approval.

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Top Key Players Included in Home Decor Industry Report: Ikea, Philips, Suofeiya Home Collection, Springs Window Fashions, Zepter, Conair, Siemens, Hanssem, Samson, Oneida

A significant impact on the Home Decor market sector has been caused by the COVID-19 epidemic. The outbreak affected key businesses such as manufacturing and transportation. It is anticipated that manufacturers and the components utilized would follow a similar pattern. In addition, the demand is likely to drop over the estimated time due to the pandemic affecting commercial organizations. On the other hand, the demand decline will probably be temporary, with the market recovering. Many industries which have suffered less damage from the disease can help to rebuild the Home Decor market.

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Home Decor Industry segment by Type:
Home Furniture
Rugs
Bath Textiles
Bed Textiles
Kitchen and Dining Textiles
Tiles
Wood & Laminate Flooring
Vinyl & Rubber Flooring
Lighting

Home Decor Industry segment by Application:
Indoor
Outdoor

North America, Latin America, Europe, Africa, and APAC are the most important regions of the Home Decor market. The regional analysis also provides a country-by-country market assessment and key players. The latest information is accessible in the market research study. The report analyses the main trends and features of the market that could influence the growth of the business. The research focuses on market characteristics, regional divisions, the structure of markets, the landscape of competition, and market policies.

FAQs:
1. What are the segments of the Home Decor market based on the materials?
2. Which regions will continue to remain the most profitable regional markets for Home Decor market players?
3. Which region is expected to grow faster in the global Home Decor market?
4. Which are the major factors expected to drive the global Home Decor market?

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