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 U.S. home decor market size is expanding rapidly, driven by changing consumer preferences and the growing focus on creating personalized and sustainable living spaces. This growth is fueled by advancements in design and manufacturing and the rising demand for unique and high-quality home furnishings. According to the latest report by IMARC Group, the market size is projected to grow at a CAGR of 3.69% from 2024 to 2032.

United States Home Decor Industry Trends and Drivers:

• Market Growth and Key Drivers:

• • Expanding Urbanization and Consumer Preferences:
    • The market is experiencing exponential growth, driven by expanding urbanization and evolving consumer preferences.
    • Major cities like New York, Los Angeles, and Chicago are witnessing increased demand for stylish and modern home decor solutions.
  • Space-Efficient and Multifunctional Decor:
    • As more people move into urban areas, the need for space-efficient and multifunctional home decor items that suit smaller living spaces is rising.
  • Rise in Homeownership:
    • Increased homeownership, particularly among millennials, is driving consumers to invest in personalizing and improving their living environments, further facilitating industry expansion.
  • Shift Toward Online Retail:
    • Manufacturers are adapting to changing consumer preferences by offering more options through e-commerce platforms.
    • The convenience of online shopping, combined with a broader selection of home decor items available online, has made it easier for consumers to access and purchase a diverse range of products.

• Key Market Trends:

• • Sustainability:
    • There is a growing emphasis on eco-friendly home decor products made from sustainable materials like recycled wood, organic fabrics, and environmentally safe paints.
    • This trend is being driven by regulatory requirements and increased consumer awareness about environmental impact.
  • Technological Innovation:
    • Technological advancements are reshaping the market, with smart home technologies being incorporated into home decor items.
    • Products like smart lighting systems and voice-activated window treatments are becoming more popular, enhancing the functionality and appeal of living spaces.
  • Focus on Wellness and Comfort:
    • There is a rising demand for home decor that promotes relaxation and well-being, as more people spend time at home due to lifestyle changes and the impact of the COVID-19 pandemic.
    • Cozy furnishings, soothing color palettes, and natural elements such as indoor plants are increasingly being used to create calming home environments.

• Impact of COVID-19:

• • The pandemic has led to heightened adoption of remote work, prompting consumers to invest in home office decor and ergonomic furniture.
  • This shift has increased demand for desks, chairs, and storage solutions that are functional and aesthetically pleasing, contributing to overall industry expansion.

• Outlook and Future Trends:

• • The increasing integration of smart home technologies and sustainable materials in home decor is expected to continue driving market growth.
  • Growing consumer preference for wellness-oriented products and customizable options is likely to shape the future of the United States home decor market.

Download sample copy of the Report: https://www.imarcgroup.com/united-states-home-decor-market/requestsample

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.

Request for customization: https://www.imarcgroup.com/request?type=report&id=11406&flag=F

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.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.  IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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