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Market Research Report

Asia-Pacific Home Décor Market: Industry Analysis, Size, Trends, Share, Demand & Growth Drivers, Market Outlook, & Forecast 2017-2025

Published On : 2018-06-24 Report Page : 240 Category: Consumer Retail

Asia-Pacific Home Décor Market Outlook 2017-2025

Market Overview

Asia-Pacific region is experiencing rapid residential and commercial construction that will require the interior decoration. Home décor is feasibly one of the surest ways for customers to transform the overall mood of the space. The personal choices of the people impact a house renovation with innovative ideas and using various types of furniture and furnishings to alter a living room or bedroom or even a bathroom. Home décor market revenue varies from premium customer to masses. The growth in Asia-Pacific interior designing market and the rise in construction of new buildings are fuelling the growth of Asia-Pacific home décor market. The offices, clubs and homes owners are inclining towards creative interior designing, which requires home décor products to justify the creativity and ideas of the designer. In 2016 interior design market has reached USD 94.0 billion globally. The rising trend of using waste materials in a way to look fashionable and match with the look and feel of the interior designing also impacts the home décor products. The home designing trends continue to change season by season such as in 2018 the trending fashion is using rich and dark colors, velvets and woods. Therefore, it is essential for the market players to manufacture the trending products in order to sustain the business growth. Goldstein Research analyst forecast that the Asia-Pacific home décor market is set to reach nearly USD 9.0 billion by 2024, growing at a CAGR of 7.9% over the forecast period (2017-2025).

Asia-Pacific Home Décor Market Segmentation

By Product

  • Furniture (tables, chairs, etc.)
  • Furnishings (rugs, hangings, etc.)

Furnishings segment accounted for largest market share of 53.8% in 2017 owing to rising interest of people for wall décor for better enhancing the wall and the space, either through hanging the paintings or by directly painting on the walls. Furniture segment is expected to grow at a CAGR of 8.0% over the forecast period due to the fact that no designing of an area can be completed without using furniture.

By Location

  • Indoor
  • Outdoor

By Consumer Segment

  • Premium Customers
  • Mass Customers

By Distribution Channel

  • Online
  • Offline

By End-User

  • Golf Courses
  • Retail Stores
  • Residential
  • Others (Hotels, etc.)

By Geography

  • Japan Home Décor Market {Market Share (%), Market Size (USD Billion)}
  • China Home Décor Market {Market Share (%), Market Size (USD Billion)}
  • India Home Décor Market {Market Share (%), Market Size (USD Billion)}
  • Australia Home Décor Market {Market Share (%), Market Size (USD Billion)}
  • Singapore Home Décor Market {Market Share (%), Market Size (USD Billion)}
  • South Korea Home Décor Market {Market Share (%), Market Size (USD Billion)}
  • New Zealand Home Décor Market {Market Share (%), Market Size (USD Billion)}
  • Rest of APAC Home Décor Market {Market Share (%), Market Size (USD Billion)}

Based on geography, China dominated the home décor market with share of 18.4% in 2017 of the Asia-Pacific total, owing to the large construction of residential and commercial spaces in the country. India is the fastest growing market at the rate of 6.3% owing to the customer lifestyles, preferences, and tastes which has been changing as per the consumer income levels along with the rapid residential and commercial construction in the country that will require the interior decoration.

Covered In This Asia-Pacific Home Décor Market Report            

The report covers the present ground scenario and the future growth prospects of the home décor market for 2017-2025 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in the Asia-Pacific region.

Asia-Pacific Home Décor Market Outlook 2017-2025, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the Asia-Pacific home décor market space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “Asia-Pacific Home Décor Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

Our Asia-Pacific home décor market report comprises of the following companies as the key players: Bed IKEA, Bath & Beyond, Home Depot, Lowes, Wal-Mart, Costco, Havertys, Wayfair Company, Williams-Sonoma, Ethan Allen, JC Penney, Pottery Barn, Crate & Barrel, West Elm, The Land of Nod, Kirkland, Kohls, Macys Inc., Restoration Hardware, Sears, etc.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Asia-Pacific Home Décor Market Report

  • What is the total market size by 2025 and what would be the expected growth rate of market?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Asia-Pacific Home Décor Market: Industry Analysis, Size, Trends, Share, Demand & Growth Drivers, Market Outlook, & Forecast 2017-2025

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A complementary 2hrs free facility through which report buyers can interact with our pool of experienced analysts for any report related queries, clarifications or additional data requirements