Home Decor Market 2021-2025: Armstrong World Industries Inc., Ashley Furniture Industries Inc., and Berkshire Hathaway Inc. are Major Vendors

The home decor market share is set to post an incremental growth of USD 286.82 billion, accelerating at a CAGR of  8.81% during the forecast period. The rise in online spending and smartphone penetration is notably driving market growth. Technavio's market analysis provides a detailed understanding of the market focusing on the latest home decor market trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for the further growth of their business. Unlock Free Sample Report

Home Decor Market: Market Segments and Key Trends

The home decor market is segmented by Product (Furniture, Floor coverings, and Others) and Geography (APAC, North America, Europe, South America, and MEA).

Based on the market segmentation by product, home decor market size in the furniture segment will be significant during the forecast period. 43% of the market growth will originate from APAC during the forecast period. An increase in demand for multifunctional furniture will facilitate the home decor market growth in APAC. China and India are the key markets for the home decor market in APAC. 

The home decor market report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.

Home Decor Market: Leading Factors to Drive Market Growth

One of the primary factors that will drive market growth is the rise in online spending and smartphone penetration. However, the long product replacement cycle resulting in infrequent purchases is one of the challenges that will need to be overcome to drive growth. The home decor market report provides an understanding of all the other drivers that are likely to impact market growth. These insights will enable clients to design growth strategies that will leverage opportunities and neutralize challenges effectively.

Home Decor Market: Vendor Analysis

The market is fragmented due to the presence of several players. Armstrong World Industries Inc., Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Duresta Upholstery Ltd., Forbo Holding Ltd, Herman Miller Inc., Inter IKEA Holding BV, Kimball International Inc., Mannington Mills Inc., and Mohawk Industries Inc. are some of the major home decor market vendors.

The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.

The home decor market report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report

Home Decor Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive home decor market growth during the next five years
• Precise estimation of the home decor market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the home decor market industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of home decor market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerating at a CAGR of 8.81%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by USD 286.82 billion.
    
3. What is a key factor driving this market?
   The rise in online spending and smartphone penetration will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, North America, Europe, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market?
   43% growth will originate from APAC.
    
6. Who are the leading market vendors?
   The leading vendors in this market are Armstrong World Industries Inc., Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Duresta Upholstery Ltd., Forbo Holding Ltd, Herman Miller Inc., Inter IKEA Holding BV, Kimball International Inc., Mannington Mills Inc., and Mohawk Industries Inc.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Furniture, Floor coverings, and Others) and Geography (APAC, North America, Europe, South America, and MEA).