North America Home Decor Industry: Market Analysis Report (Y-O-Y Growth Analysis, Manufacturing, Import/Export Data, Size, Share, Trends, Demand)

Market Overview

From country chic to modern minimalist, the home decor styles in America are extremely varied. Home décor is possibly one of the surest ways for customers to innovate the overall look and feel of the space. As per the personal choices a house can be renovated using different furniture and furnishings as per the type of interior required i.e. traditional or coastal or tropical or country style. Home décor market revenue ranges from the category customer and their spending. The rise in construction of new buildings is fueling the growth of North America home décor market. With the revamp in the housing sector in the US, the home décor and interior designing market have started to crawl up. The offices, homes, clubs have been inclined towards creative interior designing, requiring innovative home décor products to justify the designer’s creativity and ideas. In 2016, the interior designing market has reached USD 94.0 billion globally and growth will positively impact the North America home décor market. Also, there is a rising trend of using waste materials in a way to look fashionable and match with the mood of the interior thus, adapting the sustainability. The changing trends from the season by season such as in 2018 the trending fashion is using rich and dark pigments, velvets and woods makes it essential for the market players to manufacture the products as per the trends and fashion in order to sustain their business growth. Goldstein Research analyst forecast that the North America home décor market is set to reach nearly USD 11.55 billion by 2024, growing at a CAGR of 8.5% over the forecast period (2017-2025).

North America Home Décor Market Segmentation

By Product

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

Furnishings segment accounted for the largest market share of 56.8% in 2017 owing to rising interest of people for wall décor for better enhancing the wall and space, either through hanging the paintings or by directly painting on the walls. 

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

• United States Home Décor Market {Market Share (%), Market Size (USD Billion)}
• Canada Home Décor Market {Market Share (%), Market Size (USD Billion)}

Based on geography, United States is dominating the home décor market with a share of 68.1% of the North America total, owing to the changing customer lifestyles, preferences, and tastes and the growing housing and commercial buildings. Canada home décor market is growing at the rate of 8.49%.

Covered In This North America 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 North America region.

North America 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 North America 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. “North America Home Décor Market Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide a competitive advantage to the existing and new entry players.

Our North America home décor market analysis 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 North America Home Décor Market Report

• What is the total market size by 2025 and what would be the expected growth rate of the 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?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for North America Home décor Market
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• Position yourself to gain the maximum advantage of the North America Home décor industry’s growth potential
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• Respond to your competitors’ business structure, strategy, and prospects