Due to the rise of the online retail, furniture and other items used
for home décor are available at a discounted price and have become
more affordable. Hence, a large number of people are accessing these
online retail outlets to decorate their homes. Other factors that are
encouraging the growth of this market are the rise in the disposable
incomes and improving lifestyle of people. However, there are some
restraints that are slowing the market growth of home décor products
like the increasing price of raw materials like wood and leather.
The global home
decor market is slated to touch a value of nearly US$ 855,680 Mn
in the year 2022 and grow at a robust CAGR during the assessment
period.
As per the forecast of Future Market Insights, the rugs segment is
slated to touch a value of nearly US$ 155,460 Mn in the year 2022.
This represents a robust CAGR growth during the assessment period of
2017-2022. The rugs segment is estimated to account for nearly
one-fifth of the revenue share of the product type segment by the
year 2017 end and is expected to gain in market share by the year
2022 end.
As per the forecast of Future Market Insights, the direct to consumer
segment will reach a value of nearly US$ 127,733 Mn in the year 2017.
This represents a robust CAGR growth during the forecast period. The
direct to consumer segment is estimated to account for more than
one-fifth of the revenue share of the distribution channel segment in
the year 2017 end and is expected to lose market share by the end of
the year 2022.
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As per the forecast of Future Market Insights, the indoor segment is
slated to reach a value of nearly US$ 560,205 Mn in 2022. The indoor
segment is expected to lose some market value by the end of the year
2022. The largest share is contributed by the APEJ region in the
indoor segment.
Future Market Insights forecasts the China home décor market to grow
from US$ 79,955 Mn in 2017 to US$ 109,434 Mn in 2022. This represents
a compound annual growth rate (CAGR) of 6.5% from 2017 to 2022.
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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