The global home decor market is anticipated to grow at a significant CAGR throughout the assessment period and will be worth around US$ 855,680 Mn in 2022. As more people, especially in developing countries, own homes, the home décor sector is growing globally. To enhance the living space, furniture, textiles, and floor coverings are used in home décor.
One factor contributing to the home décor market’s rapid expansion is the expansion of the real estate industry. Additionally, the ease with which people can obtain a variety of home décor items and new sorts of designs as a consequence of factors like globalization is encouraging the growth of this industry.
Forecast Highlights on Global Home Decor Market
- In 2022, the rug market, according to Future Market Insights’ forecast, will be worth around US$155,460 Mn. The CAGR for this evaluation period, from 2017 to 2022, was very good. The rug segment is forecast to account for over one-fifth of the product type segment’s revenue share by the end of 2017, and it is likely to gain market share by the end of 2022.
- Future Market Insights predicts that in 2017, the direct-to-consumer market would be worth close to US$127,733 million. This indicates a significant CAGR growth during the anticipated period.
- According to Future Market Insights’ prediction, the indoor market would generate close to US$ 560,205 Mn in revenue by 2022. By the end of 2022, the market value of the indoor category is anticipated to decline somewhat. The APEJ region makes up the greatest portion of the indoor market.