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Published: Jul, 2019 | Pages:
80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)
The global home decor market size is expected to reach USD 1.0 trillion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.6% over the forecast period. Several factors including increasing preference for luxury lifestyle as a result of the influence of western culture and growing interior designing market are expected to boost the market growth in the near future. Growing urbanization has resulted in increased urban dwellers. According to United Nations, 55% of the population is living in urban areas in 2018. As a result of growing urbanization, consumers are expected to build their homes according to the standard of their society and therefore are willing to choose creative and innovative home decor products. In addition, growing working population, particularly women, has induced the consumers to invest in these products owing to increasing purchasing power. Therefore, growing urban population will pose a positive effect on the demand for home decor products in the forecast period. Moreover, globalization has resulted in presence of a wider market for consumers, which facilitate easy product availability with a variety of products across various distribution channels. In 2018, furniture was the largest product segment in the home decor market on account of being an integral part of every house subject to seating, relaxing, and storing. Influence of the western culture plays an important role in increasing the adoption of modular kitchen and wardrobes. This shifting trend has built up a market for non-wooden furniture on account of rising popularity of eco-friendly products. Therefore, new furniture are manufactured in the market with different raw materials such as leather, metal, glass, and other alternatives such as pine wood in combination with wood. Furthermore, increasing popularity of multifunctional furniture owing to less storage space and greater convenience is boosting the growth of furniture in the market. Indoor was the largest application segment in 2018 owing to its increasing application in different locations of the house such as bedroom, bathroom, kitchen, living room, and other covered areas inside the home. Shifting trend towards creative and innovative furnishing as well as furniture has influenced the consumers to invest in these products. For instance, products such as foldable bed cum sofa, and foldable dining table and shelves have been increasingly gaining traction in the market. Moreover, increasing adoption of western culture lifestyle has largely influenced consumers to buy luxury products, particularly for bathroom and bedroom. In addition, increasing usage of upholstery in various applications pose a great potential in the indoor home decor market. Further key findings from the study suggest: • By product, textile is projected to ascend at a CAGR of 7.2% over the forecast period • The indoor application segment dominated the global market with a revenue share of 92.6% in 2018 • North America dominated the global home decor market in 2018, accounting for 37.7% share of the overall revenue • The industry is highly competitive in nature with the main players including Inter IKEA Systems B.V.; Kimball International Inc.; Herman Miller, Inc.; home24; Hanssem Corporation; Koninklijke Philips N.V.; and Conair Corporation.
Table of Contents
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR's Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Home Decor Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis - Porter's
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Home Decor Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Home Decor Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2018 & 2025
5.2. Furniture
5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.3. Textile
5.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.4. Flooring
5.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
5.5. Others
5.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 6. Home Decor Market: Application Estimates & Trend Analysis
6.1. Application Movement Analysis & Market Share, 2018 & 2025
6.2. Indoor
6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
6.3. Outdoor
6.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
Chapter 7. Home Decor Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2018 & 2025
7.2. North America
7.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.2.1.1. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.2.1.2. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.2.2. U.S.
7.2.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.2.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.2.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.3. Europe
7.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.3.1.1. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.3.1.2. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.3.2. U.K.
7.3.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.3.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.3.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.3.3. Germany
7.3.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.3.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.3.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.4.1.1. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.4.1.2. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.4.2. China
7.4.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.4.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.4.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.4.3. India
7.4.3.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.4.3.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.4.3.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.5. Middle East & Africa (MEA)
7.5.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.5.1.1. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.5.1.2. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.5.2. South Africa
7.5.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.5.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.5.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.6. Central & South America
7.6.1.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.6.1.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.6.1.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.6.2. Brazil
7.6.2.1. Market estimates and forecast, 2015 - 2025 (USD Billion)
7.6.2.2. Market estimates and forecast, by product, 2015 - 2025 (USD Billion)
7.6.2.3. Market estimates and forecast, by application, 2015 - 2025 (USD Billion)
7.6.2.4.
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the industry
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
9.1. Inter IKEA Systems B.V.
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Kimball International Inc.
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Herman Miller, Inc.
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. home24
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. Hanssem Corporation
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Koninklijke Philips N.V.
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. Conair Corporation
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. Suofeiya Home Collection Co., Ltd.
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Springs Window Fashions LLC
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Siemens AG
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables 1. Home Decor - Key market driver analysis 2. Home Decor - Key market restraint analysis 3. Global furniture market estimates and forecast, 2015 - 2025 (USD Billion) 4. Global textile market estimates and forecast, 2015 - 2025 (USD Billion) 5. Global flooring market estimates and forecast, 2015 - 2025 (USD Billion) 6. Global others market estimates and forecast, 2015 - 2025 (USD Billion) 7. Global indoor market estimates and forecast, 2015 - 2025 (USD Billion) 8. Global outdoor market estimates and forecast, 2015 - 2025 (USD Billion) 9. North America home decor market estimates and forecast, 2015 - 2025 (USD Billion) 10. North America home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 11. North America home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 12. U.S. home decor market estimates and forecast, 2015 - 2025 (USD Billion) 13. U.S. home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 14. U.S. home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 15. Europe home decor market estimates and forecast, 2015 - 2025 (USD Billion) 16. Europe home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 17. Europe home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 18. Germany home decor market estimates and forecast, 2015 - 2025 (USD Billion) 19. Germany home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 20. Germany home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 21. U.K. home decor market estimates and forecast, 2015 - 2025 (USD Billion) 22. U.K. home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 23. U.K. home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 24. Asia Pacific home decor market estimates and forecast, 2015 - 2025 (USD Billion) 25. Asia Pacific home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 26. Asia Pacific home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 27. China home decor market estimates and forecast, 2015 - 2025 (USD Billion) 28. China home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 29. China home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 30. India home decor market estimates and forecast, 2015 - 2025 (USD Billion) 31. India home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 32. India home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 33. MEA home decor market estimates and forecast, 20145- 2025 (USD Billion) 34. MEA home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 35. MEA home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 36. South Africa home decor market estimates and forecast, 2015 - 2025 (USD Billion) 37. South Africa home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 38. South Africa home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 39. Central & South America home decor market estimates and forecast, 2015 - 2025 (USD Billion) 40. Central & South America home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 41. Central & South America home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 42. Brazil home decor market estimates and forecast, 2015 - 2025 (USD Billion) 43. Brazil home decor market revenue estimates and forecast by product, 2015 - 2025 (USD Billion) 44. Brazil home decor market revenue estimates and forecast by application, 2015 - 2025 (USD Billion) 45. Vendor landscape
List of Figures 1. Home decor market snapshot 2. Home decor market segmentation & scope 3. Home decor market penetration & growth prospect mapping 4. Home decor value chain analysis 5. Home decor market dynamics 6. Home decor market Porter's analysis 7. Home decor market: Product movement analysis 8. Home decor market: Application movement analysis 9. Home decor market: Regional movement analysis
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