Home decor market is estimated to reach $838.6 billion by 2027 | IKEA Group, Forbo International SA

Report Ocean, one of the prominent market research firms has announced a novel report on Global Home Decor Market. The report contains vital insights on the market which will support the clients to make the right business decisions. The report also analyzes current and past market performance with significant key market events that help market players and end users estimate future developments in the global market.

The global home decor market was valued at $616.6 billion in 2019, and is estimated to reach $838.6 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. Home decor products such as furniture and textiles are installed across various settings, including spa, office, clean room, restaurants, camping, bedroom, outdoor, library, and stores. The home decor products include various items such as furniture, home textiles (, and floor coverings. Depending on end use, furniture designs can be modified through machine-based processes and handcrafting. The adoption of home decor products has been considerably high in the developed regions such as the U.S., Canada, and Germany, while emerging countries such as China, Brazil, and India are witnessing steady increase.