The home decor industry is a rapidly growing sector, with the global market size expected to reach USD 792.6 billion by 2028 and grow at a CAGR of 3.9%. The online sales channel segment for home decor is projected to reach a CAGR of 4.6%, while the furniture market will have an estimated 5.2% growth rate from 2020-2027. Additionally, lighting in this sector is anticipated to hit USD 130 billion by 2028 and floor covering has been forecasted with a 3.8% CAGR from 2021-2028 as well as textile having 30.9% share in 2020’s market value. Asia Pacific region holds highest potential for growth due its predicted 4.4 %CAGR between 2021 -2028 , followed closely by North America which was valued at 125 Billion dollars in 2019.
Europe held 32 percent of total shares last year whereas US had 224 Billion dollar worth Home Decor Market In 2020 UK’s Home Decor Market was 991 million Dollars strong back then too . Global imports were 80 Billion Dollar Strong back then too where Luxury Furniture Segment alone accounted for 48 Percent Growth Rate till 2024 & Millennials made up 37 percent households buying these products that same year.. Wallpaper markets are also on rise globally reaching 2915 Million Dollars Value Back 2018 & Growing At 42 Percent Till 2025 respectively making it one Of Most Lucrative Markets Globally.
This statistic is a powerful indicator of the potential of the home decor industry. It shows that the market is growing rapidly and is expected to reach a staggering USD 792.6 billion by 2028. This is a great opportunity for businesses to capitalize on the growth of the industry and make the most of the potential it offers. This statistic is a great starting point for anyone looking to gain insight into the home decor industry and its future prospects.
The home decor market is expected to grow at a CAGR of 3.9% from 2021 to 2028.
This statistic is a crucial indicator of the potential of the home decor market in the coming years. It shows that the industry is expected to experience steady growth, which could be a great opportunity for businesses to capitalize on. This could be a great starting point for a blog post about the home decor industry, as it provides a snapshot of the industry’s potential and could be used to explore further trends and insights.
Home Decor Industry Statistics Overview
The online sales channel segment for home decor is projected to reach a CAGR of 4.6% from 2021 to 2028.
This statistic is a crucial indicator of the potential growth of the home decor industry in the coming years. It provides insight into the trajectory of the industry, and can be used to inform decisions about investments, marketing strategies, and more. With a projected CAGR of 4.6%, the online sales channel segment for home decor is poised to be a major player in the industry, and understanding this statistic is essential for anyone looking to stay ahead of the curve in the home decor industry.
The worldwide lighting segment in home decor is anticipated to reach a market size of USD 130.1 billion by 2028.
This statistic is a powerful indicator of the potential of the home decor industry. It shows that the worldwide lighting segment in home decor is expected to experience tremendous growth in the coming years, reaching a market size of USD 130.1 billion by 2028. This is a clear sign that the home decor industry is a lucrative and growing sector, and one that is worth investing in.
In 2020, the textile home decor segment had a market share of 30.9%.
This statistic is a telling indication of the strength of the textile home decor segment in the home decor industry. It shows that this segment is a major player in the industry, and that it is likely to remain so in the future. This is an important piece of information for anyone interested in the home decor industry, as it provides insight into the current state of the market and the potential opportunities for growth.
The floor covering segment in home decor is expected to have a CAGR of 3.8% from 2021 to 2028.
This statistic is a valuable insight into the future of the home decor industry, as it indicates that the floor covering segment is likely to experience steady growth over the next seven years. This information can be used to inform decisions about investments in the home decor industry, as well as to help anticipate trends in the sector.
The Asia-Pacific home decor market is predicted to have the highest CAGR of 4.4% from 2021 to 2028.
This statistic is a powerful indicator of the potential for growth in the Asia-Pacific home decor market. It suggests that the region is poised to experience a significant increase in demand for home decor products over the next seven years, making it an attractive investment opportunity for those looking to capitalize on the trend. As such, this statistic is an important piece of information for anyone interested in the home decor industry and its future prospects.
The North American home decor market is forecasted to reach a value of USD 125 billion by 2028.
This statistic is a powerful indicator of the potential of the North American home decor market. It shows that the industry is expected to experience significant growth over the next decade, making it an attractive investment opportunity for those looking to capitalize on the trend. By understanding this statistic, readers of the blog post can gain insight into the potential of the home decor industry and make informed decisions about their own investments.
In 2020, the Europe home decor market held a share of 32.4%.
This statistic is a powerful indicator of the Europe home decor market’s influence in the industry. It shows that the market is a major player in the home decor industry, and its share of the market is significant. This statistic is important for anyone looking to gain insight into the home decor industry, as it provides a clear picture of the market’s size and importance.
The U.S. home decor market is expected to reach a value of USD 224 billion by 2023.
This statistic is a powerful indicator of the potential of the home decor industry. It shows that the market is growing rapidly and is expected to reach a staggering USD 224 billion by 2023. This is a clear indication that the home decor industry is a lucrative and profitable sector, and one that is worth investing in. This statistic is a valuable insight for anyone interested in the home decor industry, and it should be taken into consideration when writing a blog post about home decor industry statistics.
The UK Home Decor Market was worth USD 9.91 billion in 2019.
This statistic is a testament to the immense size of the UK Home Decor Market, highlighting the potential for growth and success within the industry. It serves as a reminder of the importance of the Home Decor Industry and the potential for businesses to capitalize on the market’s size.
In 2019, global home textiles imports were worth over USD 80 billion.
This statistic is a testament to the immense size and scope of the home decor industry. It highlights the fact that home textiles are a major component of the industry, and that the demand for these products is high. This statistic is a clear indication that the home decor industry is a major player in the global economy, and that it is an important sector for businesses to consider when looking to invest in the future.
The US luxury home furnishings market is predicted to grow at a CAGR of 4.8% through 2024.
This statistic is a valuable insight into the future of the home decor industry, as it indicates that the US luxury home furnishings market is expected to experience steady growth over the next few years. This is important information for anyone interested in the home decor industry, as it suggests that now is a great time to invest in the sector.
Millennials make up 37% of all households buying home furnishings and decor.
This statistic is a clear indication that Millennials are a major driving force in the home decor industry. It shows that Millennials are making a significant impact on the market, and that businesses should be paying attention to their preferences and needs when it comes to home furnishings and decor.
The global wallpaper market size was valued at USD 29.15 billion in 2018 and is projected to grow at a CAGR of 4.2% from 2019 to 2025.
This statistic is a telling indication of the potential of the home decor industry. It shows that the wallpaper market is growing steadily, with a projected CAGR of 4.2% from 2019 to 2025. This indicates that the home decor industry is a lucrative and viable option for businesses and investors alike. Furthermore, it highlights the importance of staying up-to-date with the latest trends and developments in the industry in order to capitalize on the growth opportunities.
The largest home decor market category in the US is the indoor furniture segment, generating sales of USD 113.5 billion in 2017.
This statistic is a powerful indicator of the immense potential of the home decor industry in the US. It shows that the indoor furniture segment is the largest market category, with sales of USD 113.5 billion in 2017. This is a clear indication that the home decor industry is a lucrative and profitable sector, and one that is worth investing in. This statistic is an important piece of information for anyone looking to gain insight into the home decor industry and its potential.
In the US, interior design services generated a revenue of USD 10.5 billion in 2019.
This statistic is a testament to the immense potential of the home decor industry in the US. It shows that interior design services have been a lucrative business, generating a whopping USD 10.5 billion in 2019. This is a clear indication that the home decor industry is a thriving sector and is likely to continue to grow in the future.
By 2025, the international furniture and home furnishings e-commerce market will reach USD 294 billion, with China being the biggest contributor.
This statistic is a clear indication of the immense potential of the home decor industry in the coming years. It shows that the industry is set to experience a massive surge in growth, with China leading the way. This is a great opportunity for businesses to capitalize on the booming market and make the most of the lucrative opportunities that lie ahead.
In 2020, the furniture and home furnishings store sales in the United States amounted to approximately USD 136.47 billion.
This statistic is a powerful indicator of the immense potential of the home decor industry in the United States. It shows that the industry is thriving and that there is a large and growing demand for furniture and home furnishings. This statistic is a testament to the fact that the home decor industry is a lucrative and profitable sector, and it is a great resource for anyone looking to gain insight into the industry.
Conclusion
The home decor industry is a rapidly growing market, with the global home decor market size expected to reach USD 792.6 billion by 2028 and grow at a CAGR of 3.9%. The online sales channel segment for home decor is projected to reach a CAGR of 4.6%, while the floor covering segment in home decor is expected to have a CAGR of 3.8% from 2021-2028. In 2020, the textile home décor segment had 30.9% share in terms of value and volume respectively, while lighting was anticipated to reach USD 130 billion by 2028 globally as well as regionally across North America (USD 125 billion), Europe (32%), Asia Pacific (4%) and other regions such as Latin America & Middle East Africa etc..
Millennials make up 37% households buying furniture & décor items worldwide; however China will be leading contributor towards international ecommerce furniture & homeware markets reaching 294 Billion US Dollars by 2025 followed closely behind USA’s 136 Billion US Dollar Furniture Store Sales in 2020 alone along with 10 Billion US Dollar Interior Design Services revenue generated within same year period making it one among most lucrative industries today.
References
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2. – https://www.prnewswire.com
3. – https://www.globenewswire.com
4. – https://www.menafn.com
5. – https://www.statista.com
6. – https://www.hfbusiness.com
7. – https://www.fool.com
