World Home Decor Market - Opportunities and Forecasts, 2014 - 2020
World Home Decor Market - Opportunities and Forecasts, 2014 - 2020
World Home Decor Market - Opportunities and Forecasts, 2014 - 2020
Furniture, textiles and floor covering products are important components of home decor.
Expansion and further developments in real estate industry, have supplemented the growth of
world home decor market. Globalization facilitates easier and wider availability of home decor
products and designs for consumers. Moreover, growing consumers preference towards
adoption and usage of eco-friendly products, known for their minimal impact on the environment,
has also boosted the growth of the market.
http://www.gosreports.com/world-home-decor-market-opportunities-and-for
ecasts-2014-2020/
Nowadays, consumers prefer online retail platforms for buying furniture, owing to the all-time
availability of a wide array of home decor products at discounted/affordable price. Increasing
cost of raw materials, such as leather and superior quality wood, is limiting the market growth.
Improving lifestyle and increasing disposable income of individuals would offer several growth
opportunities to the players operating in the market.
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. The furniture
segment is sub-segmented into kitchen, living & bedroom, bathroom, outdoor and lighting. The
textiles segment is further categorized into rugs textiles, bath textiles, bed textiles, kitchen &
dining textiles and living room textiles. The floor coverings segment includes tiles, wood &
laminate, vinyl & rubber, carpets & rugs and others. Based on geography, the market is
segmented into North America, Europe, Asia Pacific and LAMEA regions.
The world home decor market is expected to grow at a CAGR of 4.2% during the forecast period
2015 2020. Floor covering segment occupied the largest market share in 2014, followed by
furniture. In 2014, world home decor market was dominated by Asia-Pacific region and the
region is expected to register the fastest CAGR during the forecast period.
The key players operating in the market, include Inter IKEA Group, Forbo International SA,
Armstrong World Industries, Inc., Mannington Mills, Inc., Mohawk Industries Inc., Shaw
Industries Group, Inc., Herman Miller, Inc., Ashley Furniture Industries Ltd., Kimball
International and Duresta Upholstery Ltd. These players are concentrating on development of
eco-friendly home decor products.
Key Benefits
The study provides an in-depth analysis of the world home decor market with current and future
trends to elucidate the imminent investment pockets in the market
Current and future trends have been outlined to determine the overall attractiveness and single
out profitable trends to gain a stronger foothold in the market
The report provides information regarding key drivers, restraints and opportunities with impact
analysis
Quantitative analysis of the current market and forecast during the period from 20152020 have
been provided to highlight the financial appetency of the market
Porters five forces model analysis of the industry illustrates the potency of the buyers and
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