Home Decor Market – United States

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 3.69% (2024-2032)

The United States Home Decor Market is experiencing significant growth, driven by consumer preferences for convenience and time-saving solutions. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 3.69% from 2024 to 2032.

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United States Home Decor Industry Trends and Drivers:

Key Market Drivers

• Growing Trend of Home Personalization:

• • Consumers increasingly view their homes as extensions of their style and identity.
  • Surge in demand for diverse and unique home decor items.
  • Social media platforms like Instagram and Pinterest amplify this trend by providing inspiration and showcasing interior design efforts.
  • Influencers and home decor bloggers significantly shape consumer preferences and trends in furniture, wall art, lighting, and accessories.

• Rise in Home Renovation Projects:

• • Increased consumer empowerment through home improvement TV shows and online DIY tutorials.
  • Growing interest in undertaking personal decorating projects.
  • Higher demand for customizable and versatile decor items that fit various styles and preferences.

Impact of Housing Market and Disposable Income

• Robust Housing Market:
  • Rising homeownership rates and new housing construction fuel demand for home decor products.
  • Homeowners and renters alike invest in decor to enhance the aesthetics and functionality of their living spaces.
• Urbanization and Smaller Living Spaces:
  • Development of urban areas and smaller living spaces influence home decor preferences.
  • Emphasis on multifunctional and space-saving furniture.

Influence of E-commerce and Online Shopping

• Proliferation of E-commerce Platforms:

• • E-commerce giants like Amazon, Wayfair, and Overstock offer extensive catalogs and user-friendly shopping experiences.
  • Consumers benefit from features such as customer reviews, virtual room planners, and augmented reality tools.

• Impact of the COVID-19 Pandemic:

• • Acceleration of the shift towards online shopping as consumers spent more time at home.
  • Increased demand for creating comfortable and appealing living environments.
  • Remote work drives demand for home decor products tailored to workspace design and organization.

Conclusion

The United States home decor market is poised for continued growth, driven by personalization trends, a strong housing market, urbanization, and the convenience of e-commerce platforms. As consumers increasingly seek to express their individual style through home decor, the market will continue to see robust demand across various product categories.

United States Home Decor Market Forecast & Segmentation:

The report has segmented the market into the following categories:

Product Type Insights:

• Home Furniture
• Home Textiles
• Flooring
• Wall Décor
• Lighting
• Others

Distribution Channel Insights:

• Home Decor Stores
• Supermarkets and Hypermarkets
• Online Store
• Gift Shops
• Others

Regional Insights:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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