United States Home Decor Market Introduction and Overview
According to SPER Market Research, the United States Home Decor Market is estimated to reach USD 300.23 billion by 2033 with a CAGR 4.39%.
The report includes an in-depth analysis of the United States Home Decor Market, including market size and trends, product mix, distribution channels, and supplier analysis. Home decor is the collection of different styles and components used to improve a living area's visual appeal and usability. This include wall art, lighting, accessories, furniture, and textiles that express individual style and bring the space together. From traditional and varied styles to modern and minimalist designs, home decor can let people showcase their individual personalities and lifestyles. Cultural changes, eco-friendly practices, and technology breakthroughs frequently impact home décor trends, creating a dynamic market that changes to suit customer tastes.
- In the United States, Overstock.com Inc. and Bed Bath & Beyond launched BedBathandBeyond.com in August 2023. By strategically combining the characteristics of both businesses, a single online retail platform that operates solely under the name Bed Bath & Beyond is created.
- June 2023: A number of Bed Bath & Beyond's intellectual property assets were strategically purchased by online retailer Overstock.com Inc. The Bankruptcy Court oversaw the process that led to the acquisition.
Market Opportunities and Challenges
Opportunities: The home décor market in the United States has been steadily expanding, and this upward trend is expected to continue. This market expansion is mostly driven by an increase in consumer demand for furnishings, fabrics, and floor coverings—essentials for home décor. Furthermore, the examination of the US home décor industry shows that the growing demand for items with improved storage choices has been fueled by the popularity of compact housing, which has improved the visual appeal of homes. Furthermore, According to recent industry study, the real estate market's strong expansion is driving up demand for home décor services at the same time. The growing market for home decor reflects this upsurge. Significantly, the interior design industry has changed to meet the growing need for upscale, luxurious home furnishings, improving the visitor experience. The growing popularity of home renovations is one of the major market trends that is expanding the selection of interior design products, from eco-friendly furniture and decorative lighting to wood or marble flooring. This trend is a major contributor to the expansion of the home decoration sector.
Challenges: One major issue limiting market expansion is lengthy product replacement cycles that lead to occasional purchases. The newest trends in design are driving the US home decor market, where buyers are spending money on high-end, long-lasting things including office furniture, spa supplies, floor coverings, furniture, fabrics, and clean room supplies. These products are regarded as long-term investments because of their exceptional endurance and quality. Customers concentrate on cleaning and preserving these items once they are acquired in order to prolong their lives, which leads to few replacements.
Market Competitive Landscape
The market for home décor in the US is fragmented. Its expansion is driven by a flourishing real estate market. At the moment, a few major companies control the majority of the market expansion. Nonetheless, smaller and mid-sized businesses are increasing their market presence thanks to technical breakthroughs and creative products. By landing new contracts and breaking into unexplored markets, they are accomplishing this. Ashley Furniture Industries, Inc., Mannington Mills Inc., Kimball International Inc., Bed Bath & Beyond Inc., and Inter IKEA Systems BV are a few of the biggest businesses in the US home décor market.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Distribution Channel |
| Regions covered | Eastern Region, Western Region, Northern Region, Southern Region |
| Companies Covered | Acuity Brands Lighting, American Textile Systems, Ashley Furniture, Crane & Canopy Inc, Generation Lighting, Herman Miller Inc., Ikea USA, Kimball International, Mannington Mills Inc, Mohawk Flooring, Shaw Industries Group, Others. |
COVID-19 Impact on United States Home Decor Market
The COVID-19 epidemic had a significant effect on the home décor business in the United States. As people tried to make their homes more comfortable while remaining at home, they demanded more home renovation products. A predilection for comfortable, multipurpose décor pieces that encourage relaxation, including soft textiles and plants, is the outcome of this change. E-commerce thrived as physical stores faced constraints, leading many firms to improve their online shopping experiences. But because the pandemic disrupted the supply chain, there were delays and shortages, which prompted customers to look for sustainable and locally sourced products. Additionally, as more people concentrated on setting up efficient workstations due to the growth of remote work, demand for home office furniture increased.
Key Target Audience:
- Renters
- Interior Designers
- Contractors and Builders
- Real Estate Agents
- DIY Enthusiasts
- Online Shoppers
Our in-depth analysis of the United States Home Decor Market includes the following segments:
|
By Product:
|
Home Furniture
Home Textiles
Flooring
Wall Décor
Lighting and Lamps
Accessories
Others
|
|
By Distribution Channel:
|
Supermarkets/Hypermarkets
Specialty Stores
Online
Others
|
Key Topics Covered in the Report:
- United States Home Decor Market Size (FY’2024-FY’2033)
- Overview of United States Home Decor Market
- Segmentation of United States Home Decor Market By Product (Home Furniture, Home Textiles, Flooring, Wall Décor, Lighting and Lamps, Accessories, Others)
- Segmentation of United States Home Decor Market By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, Others)
- Expansion Analysis of United States Home Decor Market
- Problems and Obstacles in United States Home Decor Market
- Competitive Landscape in the United States Home Decor Market
- Impact of COVID-19 and Demonetization on United States Home Decor Market
- Details on Current Investment in United States Home Decor Market
- Competitive Analysis of United States Home Decor Market
- Prominent Players in the United States Home Decor Market
- SWOT Analysis of United States Home Decor Market
- United States Home Decor Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Europe Portable Washing Machine Market
5. Market variable and outlook
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
6.1. United States Home Decor Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Home Decor Market
7. United States Home Decor Market, By Product (USD Million) 2020-2033
7.1. United States Home Decor Market Size, Share and Forecast, By Product, 2020-2026
7.2. United States Home Decor Market Size, Share and Forecast, By Product, 2027-2033
8. United States Home Decor Market, By Distribution Channel (USD Million) 2020-2033
8.1. United States Home Decor Market Size, Share and Forecast, By Distribution Channel, 2020-2026
8.2. United States Home Decor Market Size, Share and Forecast, By Distribution Channel, 2027-2033
8.3. Supermarkets/Hypermarkets
9. United States Home Decor Market Forecast, 2020-2033 (USD Million)
9.1. United States Home Decor Market Size and Market Share
10. United States Home Decor Market, By Region, 2020-2033 (USD Million)
10.1. United States Home Decor Market Size and Market Share By Region (2020-2026)
10.2. United States Home Decor Market Size and Market Share By Region (2027-2033)
11.1. Acuity Brands Lighting
11.1.2. Financial outlook
11.1.4. Recent developments
11.2. American Textile Systems
11.2.2. Financial outlook
11.2.4. Recent developments
11.3.2. Financial outlook
11.3.4. Recent developments
11.4.2. Financial outlook
11.4.4. Recent developments
11.5. Generation Lighting
11.5.2. Financial outlook
11.5.4. Recent developments
11.6.2. Financial outlook
11.6.4. Recent developments
11.7.2. Financial outlook
11.7.4. Recent developments
11.8. Kimball International
11.8.2. Financial outlook
11.8.4. Recent developments
11.9. Mannington Mills Inc
11.9.2. Financial outlook
11.9.4. Recent developments
11.10.2. Financial outlook
11.10.4. Recent developments
11.11. Shaw Industries Group
11.11.2. Financial outlook
11.11.4. Recent developments
12. Conclusion
13. Reference Links
14. List of Abbreviations