US HOME DECOR MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The market is segmented by Product and by End User.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Key Players:

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US HOME DECOR MARKET

Due to fast changing lifestyle and rise in a number of house possessions, US home decor market is experiencing the highest growth with the market share of 68.1% in 2017 in the North America Region.

  • With the rising number of individuals owing homes, especially in developing countries like United States, the home decor market is on a rise globally. In home decor, things like furniture, textiles and floor covering are used to enhance the living space. One factor responsible for the rapid increase in the home décor market is the expansion of the real estate industry.
  • A large number of people are accessing the online retail outlets to decorate their homes.
  • Other factors that are influencing the growth of the market are the rise in the disposable incomes and improving lifestyle of people. However, there are some restraints that are slowing the market growth of home decor products like the increasing price of raw materials like wood and leather.

Scope of the Report

A complete background analysis of US Home Decor Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview.

By Product
Furniture
Living-Room and Dining-Room Furniture
Bedroom Furniture
Kitchen Furniture
Lamps and Lighting Furniture
Others
Textiles
Bed Linen
Bath Linen
Kitchen Linen
Upholstery
Floor
Floor Coverings
Ceramic and Stone Tiles
Wood & Laminate
Vinyl Flooring
Carpet & Rugs
Others (Linoleum, Cork, Bamboo, Rubber)
Others
By Distribution Channel
Supermarkets and Hypermarkets
Home Decor Stores
Gift Shops
Direct to Consumer
Online
Others
By End User
Household
Commercial

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Key Market Trends

Furniture and Home Furnishings Store Sales in the United States

The home furnishings retail industry allows consumers to make their homes truly their own with their very choices of furniture and decor to make attractive. Along with the struggling housing markets, so too are retailers of home furnishings and furniture. 

Demand for home furnishings is cyclical, influenced by housing starts, as desires to remodel and redesign are not necessary during slow economic times. Demand is also driven by consumer income. Large companies compete through volume purchasing, breadth of products, and effective merchandising and marketing. Small companies focus on a market segment and compete through the depth of products and superior customer service. In 2016, furniture and home furnishings store sales amounted to about USD 111.47 billion.

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Main Source of Home Decoration Inspiration for Customers

As of 2018, among all the sources like social media, home decor magazine, families homes, television and stores, 29% of customers responded that social media was their main source of home decoration inspiration.

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Competitive Landscape

The report covers major international players operating in US Home Decor Market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Major Players

  1. Inter IKEA Systems B.V.
  2. Bed Bath & Beyond Inc.
  3. Ashley Furniture Industries, Inc.
  4. Mannington Mills Inc.
  5. Kimball International, Inc.

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Value Chain Analysis of the US Home Decor Market

    6. 4.6 Porter's Five Forces Analysis

    7. 4.7 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Furniture

        1. 5.1.1.1 Living-Room and Dining-Room Furniture

        2. 5.1.1.2 Bedroom Furniture

        3. 5.1.1.3 Kitchen Furniture

        4. 5.1.1.4 Lamps and Lighting Furniture

        5. 5.1.1.5 Others

      2. 5.1.2 Textiles

        1. 5.1.2.1 Bed Linen

        2. 5.1.2.2 Bath Linen

        3. 5.1.2.3 Kitchen Linen

        4. 5.1.2.4 Upholstery

        5. 5.1.2.5 Floor

      3. 5.1.3 Floor Coverings

        1. 5.1.3.1 Ceramic and Stone Tiles

        2. 5.1.3.2 Wood & Laminate

        3. 5.1.3.3 Vinyl Flooring

        4. 5.1.3.4 Carpet & Rugs

        5. 5.1.3.5 Others (Linoleum, Cork, Bamboo, Rubber)

      4. 5.1.4 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets and Hypermarkets

      2. 5.2.2 Home Decor Stores

      3. 5.2.3 Gift Shops

      4. 5.2.4 Direct to Consumer

      5. 5.2.5 Online

      6. 5.2.6 Others

    3. 5.3 By End User

      1. 5.3.1 Household

      2. 5.3.2 Commercial

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Inter IKEA Group

      2. 6.1.2 Bed Bath & Beyond

      3. 6.1.3 Ashley Furniture Industries, Inc.

      4. 6.1.4 Herman Miller, Inc.

      5. 6.1.5 Kimball International, Inc.

      6. 6.1.6 Armstrong World Industries, Inc.

      7. 6.1.7 Shaw Industries Group, Inc

      8. 6.1.8 Mannington Mills Inc.

      9. 6.1.9 Mohawk Industries, Inc.

      10. 6.1.10 Williams-Sonoma, Inc.*

    2. *List Not Exhaustive
  7. 7. FUTURE OF THE MARKET

  8. 8. DISCLAIMER

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