The increasing growth in several economies and the encouraging purchasing power these consumers spend on textiles, designer furniture, and floor coverings. Thus, this is a most effective factor driving the growth in the premium and ultra-premium segment. The increasing demand for premium furniture is one of the prime factor which will hold a potential on the growth of the online home décor market export value. The increasing importance of home décor is leading customers towards luxury furniture brands.
The global Online Home Decor market size is expected to reach close to $57.99 billion by 2029 with an annualized growth rate of 8.5% through the projected period.
Geographically, the emerging nations of MEA and APAC such as China, South Korea, and UAE are witnessing a high demand for luxury home décor due to the presence of strong business relations. Moreover, the increasing trend of globalization is also considered to be one of the major factor driving the growth of luxury furniture segment and home furnishing industry, which will however benefit vendors to earn good number profits by selling luxury furniture with a high costing.
Due to the increasing demand for premium furniture will be one of the major factor to have a positive impact on the online home décor industry growth. The online home décor market trends that will gain traction in the global online home décor market share in the coming years is the increasing demand for eco-friendly furnishings. Many furniture vendors are earning a great profit due to the increasing awareness among consumers about the effective online marketing.
In today’s world, consumers mostly prefer online retail platforms for purchasing furniture, owing to availability of a wide array of home décor products at affordable price. Increasing cost of raw materials, such as superior quality word, 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 global online home décor market trend is segmented into several classification including product analysis and regional analysis. Based on the product analysis the global online home décor market share is categorized by home furniture, and home furnishing. On the basis of regional analysis the global online home décor market is widely range to Americas, APAC, Europe, and MEA.
Leading players of the global online home decor market include Inter IKEA Systems, Herman Miller, Carrefour, The Mine, Costco Wholesale, OTTO, target brands, Walmart Stores, Bed Bath & Beyond, Wayfair, Ashley Furniture Industries, Amazon, Home24, jcp Media, Cabela’s, Sears Brands, and more others.
Key Segmentation of the Global Online Home Décor Market 2018-2025
Product Analysis: Global Online Home Décor Market 2018-2025
- Home furniture
- Home furnishing
Regional Analysis: Global Online Home Décor Market 2018-2025
What to expect from the upcoming report on ‘Global Online Home Decor Market:
- Future prospects and current trends of the global online home decor market by the end of forecast period (2018-2025)
- Information regarding technological progressions as well as innovations taking place in developing economies
- Supportive initiatives by government likely to influence the market dynamics
- Trends, drivers, opportunities, restraints, challenges and key developments in the market
- In-depth analysis of different market segmentations including regional segmentations, and product types