The world home decor market is segmented as: Call Us Today
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Confetti Tablecloth One Size. Felt Wine Bag One Size. Wine Glass Set of 4 One Size. Round Timber Board M. Raw materials such as metal, wood, plastic, glass, leathers, rattan, fabrics and stone are used for manufacturing furniture. Cost of raw materials has increased significantly in the past few years. However, by , it is expected that the cost of raw materials such as plastic and glass, would decrease owing to advancements in production technology of these raw materials Thereby, these factors would create a favorable environment for home decor market in future.
Value chain of the home decor market comprises various stakeholders, such as raw materials and components suppliers, manufacturers or furniture integrators and distribution channel. Each of these stakeholders share a specific value at their point of operation, which, in turn, contributes to the competitive value of the product.
Materials, design, style and furnishing of the home décor products enhance the value associated with the end deliverable by each players. In the illustration for top investment pockets, home décor products, such as home textile, floor coverings and furniture, are positioned according to their respective market potential. The analysis presented in this section highlights the attractiveness of each segment in an effort to identify lucrative market areas for investment. Floor covering, is the most lucrative product amongst all home décor products in terms of market attractiveness.
Floor covering segment occupies high market share as compared to furniture and textile segment. Furniture has witnessed an increased adoption among consumers, owing to increased disposable income and influence of western culture.
The world home decor market is segmented on the basis of products and geography. The product segment is further segmented into furniture, textiles and floor coverings.
World Home Decor Market by Product. Based on product, the market is broadly classified into home textile, floor covering and furniture. Furniture has witnessed an increased adoption among consumers, owing to the increased disposable income and influence of western culture, especially growing adoption of modular kitchen and lighting. The furniture segment encompasses furniture used in kitchen, living and bedroom, bathroom, outdoor and lighting. Furniture are used for domestic as well commercial purposes.
Various materials such as metal, wood, plastic, glass and leather are used solely or in combination with other materials to manufacture parts of furniture. Multifunctional furniture is gaining popularity among urban consumers.
Globally, there are a large number of international and domestic players, who provide furniture in the market. These companies offer a wide range of furniture products of various categories, colors, material textures and styles. Global home décor market is expected to exhibit a notable growth during the forecast period High growth in urban population and booming real estate industry in emerging economies have fostered the high sales volume of home décor products.
Asia-Pacific is leading the global home décor market, owing to the high demand from residential buyers. Number of houses and size of households are also expected to affect the market growth. Increasing disposable income and improving life style of individuals would offer several opportunities for investors in the home decor market.
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