United States Home Decor Market Analysis & Forecast Report 2019-2024: Analyzed by Product & End-user - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 23, 2019--
The “United States Home Decor Market - Growth, Trends, and Forecast (2019 - 2024)” report has been added to ResearchAndMarkets.com’s offering.
Due to fast changing lifestyle and rise in a number of house possessions, United States 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 owning homes, especially in developed 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 decor market is the expansion of the real estate industry.
A large number of people are accessing 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.
Furniture & 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 depth of products and superior customer service. In 2016, furniture and home furnishings store sales amounted to about USD 111.47 billion.
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.
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.
Key Topics Covered
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.5 Trends Influencing the US Home Decor Market
4.6 Value Chain Analysis of the US Home Decor Market
4.7 Porter’s Five Forces Analysis
4.8 E-commerce Impact on the Market
4.9 Technological Innovations
5 MARKET SEGMENTATION
5.1 By Product
188.8.131.52 Living and Bedroom
184.108.40.206 Bath Textiles
220.127.116.11 Bed Textiles
18.104.22.168 Kitchen and Dining Textiles
22.214.171.124 Living Room Textiles
5.1.3 Floor Coverings
126.96.36.199 Wood and Laminate
188.8.131.52 Vinyl and Rubber
184.108.40.206 Carpets and Rugs
220.127.116.11 Other Floor Coverings (Linoleum, Cork, Bamboo, Concrete)
5.2 By End User
6 COMPANY PROFILES
6.2 Bed Bath & Beyond
6.3 Ashley Furniture Industries Inc.
6.4 Herman Miller
6.5 Kimball International
6.6 Armstrong World Industries Inc.
6.7 Shaw Industries
6.8 Mannington Mills Inc.
6.9 Mohawk Industries Inc.
7 INVESTMENT ANALYSIS
8 FUTURE OF THE MARKET
For more information about this report visit https://www.researchandmarkets.com/r/wgle0t
View source version on businesswire.com:https://www.businesswire.com/news/home/20190523005638/en/
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Related Topics:Interior Design and Decorative Arts
KEYWORD: UNITED STATES NORTH AMERICA
INDUSTRY KEYWORD: HOME GOODS INTERIOR DESIGN RETAIL CONSTRUCTION & PROPERTY
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 05/23/2019 12:51 PM/DISC: 05/23/2019 12:51 PM