What Is The Size Of The Home Décor Market?

The global home decor market was valued at USD 663.1 billion in 2018, with a projected growth rate of 4.8 between 2024 and 2032. The market is expected to reach USD 1079 billion by 2029, from USD 777 billion in 2024. The market size was $647.4 million in 2022 and is projected to reach $1.1 billion by 2032, growing at a CAGR of 4.9 from 2023 to 2032. The global home decor market is expected to expand at a CAGR of 6.2 over the forecast period.

The increasing consumer interest in decorating homes and improving home space is fueling the market. The global home decor market size was USD 681 Billion in 2022 and is likely to reach USD 838 Billion by 2031, expanding at a CAGR of 3.5 during 2023–2031. The global home decor market is expected to increase by USD 326.66 million at a CAGR of 7.34 between 2023 and 2028.

The global home decor market is segmented by product (home furniture, home textiles, flooring, wall decor, lighting and lamps, accessories, and other home decor). The market size is estimated to be worth USD 527180 million in 2021 and is forecast to grow to USD 1,087.5 Billion by 2032.

The United States home decor market analysis report is segmented by product (home furniture, home textiles, flooring, wall decor, lighting and lamps, accessories, and other home decor). The market size is expected to reach USD 1,087.5 Billion by 2032, exhibiting a CAGR of 7.34 between 2023 and 2028.

The home decor market in the Netherlands is projected to grow by 2.52 (2024-2029) resulting in a market volume of US$2.39 billion in 2029. The global home decor market is witnessing substantial growth, primarily driven by rising demand for furniture, fixtures, and upholstery products.

How big is the interior decorating market?

The global interior design market, estimated at USD 134. 22 billion in 2023, is expected to grow at a CAGR of 4. 1 from 2024 to 2030. This growth is driven by evolving consumer preferences, technological advancements, and the growing importance of wellness and sustainability. As more people spend time indoors, the demand for thoughtfully designed spaces has increased. This shift has propelled the interior design services industry into a new era, where trends are continually evolving.

One notable trend in the interior design services market is the growing preference for minimalist and functional designs. Minimalism, characterized by clean lines, uncluttered spaces, and a focus on essential elements, is driven by a desire for simplicity and a need for aesthetically pleasing and functional spaces. Consumers are increasingly drawn to designs that emphasize quality over quantity, using durable, sustainable materials and promoting mindful consumption of goods.

In addition to minimalism, there is a rising demand for customizable and flexible furniture solutions. As living spaces become more compact, particularly in urban areas, the need for furniture that can adapt to different functions has grown. Modular furniture, which can be reconfigured to suit various needs, is becoming increasingly popular. This trend reflects a broader desire for personalization in interior design, where consumers are looking for solutions that cater to their unique needs and preferences.

How big is the market for home decor?

The global home decor market, valued at USD 856. 26 billion in 2022, is expected to grow from USD 912. 77 billion in 2023 to USD 1522. 02 billion by 2031, at a CAGR of 6. 60. The market is driven by consumer preferences for ostentatious home décor products, particularly timber flooring and furniture. The trend towards environmentally friendly items is also driving demand for innovative home décor products using various raw materials. The market is also driven by consumer shifting preferences towards urban lifestyles, which necessitate the placement of high-quality premium furniture.

With 55. 0 percent of the world’s population living in urban areas, the demand for home décor goods is expected to increase. The growth of the home decor market is expected to be complemented by the growth in the real estate industry. The market is expected to continue expanding due to the increasing demand for high-quality, eco-friendly products.

How profitable is home decor business?

The average monthly revenue of a home decor shop typically ranges from $5, 000 to $50, 000, depending on factors like location, size, stock capacity, and customer base. To estimate your own revenue, consider using different assumptions with our financial plan for a home decor shop. For example, a small town decor shop with an average monthly revenue of $5, 000 can provide valuable insights.

Who spends the most on home decor?

A recent study has revealed that Canadians spend the most on decorating annually, with the United States following closely behind at $7The mean expenditure on decorating is $744. 44. Mexico’s figure is $176. 54. Furthermore, South America exhibits a notable discrepancy, with Argentina exhibiting the highest expenditure at $580. The countries with the highest expenditure on home decoration are those of North America, with Canada spending the most at $92 and the United States spending the second-most at $744. 44. In contrast, the countries with the lowest expenditure are those of South America, with Bolivia spending the least at $64. 13.

What home business are most profitable?

This guide offers 25 profitable home-based business ideas, including dropshipping, flip websites, selling handmade/handmade products, print-on-demand businesses, USPP websites, app development, becoming an online tutor, and selling pre-owned items. With the influence of technology and the internet, running a profitable business from home with little or no capital investment is possible. Some of these ideas may require physical arrangements, while others are entirely online. By focusing on these ideas, you can save yourself the stress and build a profitable business from home with minimal capital investment.

Is home decor a good business?

The home decor and furnishing industry is a thriving business, with a valuation of $727. In 2022, the market value was estimated at 6 billion, with an anticipated compound annual growth rate (CAGR) of 6. 8%, reaching a projected value of 939 billion. By 2028, the valuation is expected to reach 7 billion. The industry is distinguished by the prevalence of aesthetically pleasing residential spaces, which presents a promising opportunity for entrepreneurs with a penchant for design. The industry is projected to sustain its growth trajectory, with a projected CAGR of 6. 8.

How much money is in the home decor industry?

The global home decor market, valued at USD 697. 91 billion in 2023, is expected to grow from USD 747. 75 billion in 2024 to USD 1, 097. 51 billion by 2032, with a CAGR of 4. 91. Asia Pacific dominates the market with a market share of 45. 45 in 2023. Decorative accents, such as artworks, scented candles, and throw pillows, enhance living spaces’ aesthetics. Luxury décor products are used to enhance living room design styles. The demand for home decor products is driven by evolving household needs for interior decoration and renovation.

The growing trend of home gardening and decorating outdoor living spaces is also expected to drive market growth. The American Institute of Architects (AIA) Home Design Trend Survey shows that around 65 percent of Americans prefer covering their outdoor spaces with decorative decks and patios.

Is home decor a niche?

This article provides a guide on identifying profitable online retail niches for home decor and furniture. It emphasizes the importance of a broad and popular category, with numerous sub-niches to explore. To brainstorm these niches, one should gather inspiration from various sources, such as personal interests, social media trends, customer feedback, online marketplaces, keyword research tools, niche magazines, blogs, podcasts, and influencers.

The key is to generate a comprehensive list of ideas without filtering, allowing for a thorough exploration and eventual narrowing down of options. By following these steps, one can effectively start or grow their online retail business.

Is home decor profitable?

Home decor is a profitable industry in America, generating $100 billion annually, with $80 billion from sales at stores like Home Depot and Lowe’s. It attracts a large number of people who seek new ways to personalize their homes, often purchasing products from online retailers like Amazon. Home decor allows people to express their style, add value, and make their homes feel more like home without spending time or money on traditional options. Starting a home decor store can be an excellent investment opportunity, as it allows people to do all three things simultaneously.

Is interior design growing or declining?

Interior designers are expected to see a 4% growth in employment from 2023 to 2033, with an average of 8, 800 job openings each year over the decade. They create functional, safe, and beautiful indoor spaces by determining space requirements and selecting essential and decorative items. The job outlook is similar to all occupations, with a focus on enhancing the overall aesthetic appeal of interior spaces.

How big is the home furnishing industry?

In the United States, the home furnishings stores industry generated revenue of $68. 0 billion in 2023, representing a 0. 4 percent growth rate and indicating a notable expansion in the market size of this industry.