In 2022, the home décor market was estimated to be worth USD 619.8 billion. The home-décor market is expected to expand at a compound annual growth rate (CAGR) of 4.00% between 2023 and 2032, from USD 644.5 billion in 2023 to USD 882.1 billion by 2032.
The comprehensive scope and research methodology of the Home décor Market report lay the foundation for a detailed and insightful analysis of the industry. The report's scope encompasses a broad spectrum, delving into various types of coffee machines, applications, and end-user segments, providing a comprehensive view of the market landscape. The research methodology employed adheres to rigorous standards, involving a mix of primary and secondary research, market surveys, and data triangulation to ensure accuracy and reliability. This robust methodology enables the extraction of valuable insights into market trends, competitive landscapes, and emerging opportunities, providing stakeholders with a holistic understanding of the home décor industry. The report's scope and research methodology act as pillars supporting the generation of actionable intelligence for businesses and decision-makers in the home décor market.
Key Companies in the home décor Market include
- Forbo Management SA
- Shaw Industries Group, Inc.
- Ashley Furniture Industries
- Mannington Mills, Inc.
- Armstrong World Industries, Inc.
- Mohawk Industries, Inc.
- Millerknoll, Inc.
- IKEA Holding BV.
- Duresta Upholstery Ltd.
- Kimball International Inc.
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COVID 19 Impact
The COVID-19 pandemic caused supply chain disruptions and financial uncertainty due to disruptions in manufacturing activities worldwide. The emphasis shifted to immediate concerns such as health and safety measures, workforce management, and financial stability. The COVID-19 outbreak disrupted global supply chains, affecting home décor availability and delivery. The closure of cafes and restaurants during the lockdown period reduced sales of commercial coffee machines. However, as more people stayed at home, demand for home coffee machines increased as consumers sought to replicate the café experience.
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, Home Decor Market SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the concerning individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
Home-décor Industry Developments
March 2023:Wayfair joined hands with various home-décor brands to offer a wider range of products on its platform, including décor and luxury furniture.
June 2023:Overstock purchased Bed Bath Beyond for $ 21.5 million, and the firm announced that Overstock would rebrand itself as Bed Bath Beyond. As of right now, users visiting Overstock.com are sent to bedbathandbeyond.com.
June 2022: Home Depot said in a news release that it has added furniture for kids to its online inventory of décor items. The brand, appropriately named StyleWell Kids, debuted exclusively on the Home Depot online on June 2 and provides 'on-trend home décor' for the younger demographic.
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Home-décor Market Research Report
NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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