Increase in population density in metro cities has been majorly driving the growth of the home decor and accessories market. People are majorly migrating from rural areas to metro cities in the search of job opportunities and staying there lifelong. This migration creates huge opportunities for real estate, where various home decor products are required. Various home decor include furniture, kitchenware, bathroom storage & accessories, serveware, and others. Surge in urbanized population creates huge demand for home decor as people living in metro cities are considerably seeking for high standard of living. Furthermore, growth in urbanization has resulted in more spending power of consumer on products which shows their good social status and wealth. In addition, changing lifestyle of individuals along with raising consumer desire to reveal social status by a greater home decor products availability will further create a huge demand for home décor and accessories products market.
The global Home Decor and Accessory market size is projected to reach US$ million by 2028, from US$ million in 2021, at a CAGR of % during 2022-2028.
Fully considering the economic change by this health crisis, Mass accounting for % of the Home Decor and Accessory global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Kitchen and Dining segment is altered to an % CAGR throughout this forecast period.
China Home Decor and Accessory market size is valued at US$ million in 2021, while the North America and Europe Home Decor and Accessory are US$ million and US$ million, severally. The proportion of the North America is % in 2021, while China and Europe are % and respectively, and it is predicted that China proportion will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. Japan, South Korea, and Southeast Asia are noteworthy markets in Asia, with CAGR %, %, and % respectively for the next 6-year period. As for the Europe Home Decor and Accessory landscape, Germany is projected to reach US$ million by 2028 trailing a CAGR of % over the forecast period 2022-2028.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Home Decor and Accessory market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Home Decor and Accessory market in terms of revenue.
Overall, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Home Decor and Accessory market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Home Decor and Accessory market.
Impact of Covid-19 Outbreak
This section of the report has explored the overall status of the Covid scenario and has offered valuable insights into the changes in supply chain disruption, fluctuations in demand, etc. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.
The report has been segmented into product and application segments. The researchers have documented all the products present today in the Home Decor and Accessory market. They have also shed light on the new product innovations and launches by the key players. In the segmental analysis, the analysts have provided revenue forecast figures based on type and application for the period 2017-2028. They have also discussed about the growth rate and potential of each segment for the period 2017-2028.
Home Decor and Accessory Breakdown Data by Type
Home Decor and Accessory Breakdown Data by Application
Kitchen and Dining
Rest of Europe
Rest of Asia
Rest of Latin America
Middle East & Africa
Rest of MEA
This segment focuses on the key players operating in the industry. It underlines all the current and future activities by the prominent manufacturers. By understanding various initiatives being taken up by different players, readers will gain the ability to settle on correct business choices. The authors of the report have provided accurate revenue figures of the companies for the period 2017-2022. The clients are sure to gain the upper hand once they get hold of this report. Key players studied in the research report include:
Bed Bath and Beyond
Cymax Group Technologies
Inter IKEA Holding
Frequently Asked Questions
What factors will challenge the Home Decor and Accessory market growth?
Which end-use segment will expand at the fastest CAGR in the Home Decor and Accessory market?
Which are the emerging players in the Home Decor and Accessory market?
How concentrated is the Home Decor and Accessory market?
Which factors are positively contributing to the Home Decor and Accessory market growth?
Which are the novel product innovations in the Home Decor and Accessory market?
Which product segment will emerge as the most lucrative in the Home Decor and Accessory market?
Which factors are increasing the competition in the Home Decor and Accessory market?
Which are the strategic measures taken by the Home Decor and Accessory industry players?
Which region will witness inactive growth during the forecast period?
What key trends are likely to emerge in the Home Decor and Accessory market in the coming years?