IMARC Group, a leading market research company, has recently releases report titled, “United States Home Decor Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The study provides a detailed analysis of the industry, including the home decor market in US share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the United States home decor market?
The United States home decor market is projected to exhibit a growth rate (CAGR) of 4.10% during 2023-2028.
What is home decor?
Home decor encompasses a wide range of products and services aimed at enhancing the aesthetic appeal of residential spaces. These products typically include furniture, textiles, wall art, lighting, kitchen and bath accessories, and a variety of other items designed to create a specific atmosphere or style within a home. The primary goal is to create a functional and visually pleasing space, offering improved comfort and convenience while reflecting individual taste and personality. In the United States, the home decor market is sizable and continues to grow, driven by factors such as rising disposable incomes, the increased availability of home decor items through various channels like e-commerce, and the general importance that American consumers place on maintaining a well-curated home environment.
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What are the growth prospects and trends in the United States home decor industry?
One of the key factors propelling the growth of the United States home décor market is the robust real estate industry, which generates a consistent demand for new furnishings and decor elements. Additionally, the rise of remote work has prompted individuals to invest in home office setups, further fueling the demand for furniture and other decor items. Furthermore, there is an increasing consumer preference for eco-friendly, sustainably produced decor products, reflecting a broader societal shift toward environmental responsibility. Along with this, e-commerce platforms have made it easier to access a wide range of home decor options, offering enhanced convenience and variety to consumers. Moreover, the increasing consumer spending on interior decoration owing to elevating living standards and rapid urbanization is augmenting the market growth.
What is included in market segmentation?
The report has segmented the market into the following categories:
Product Type Insights:
- Home Furniture
- Home Textiles
- Wall Décor
Distribution Channel Insights:
- Home Decor Stores
- Supermarkets and Hypermarkets
- Online Store
- Gift Shops
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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