The Asia Pacific Home Decor Market would witness market growth of 5.8% CAGR during the forecast period (2019 - 2025). Home decor has been gaining prominence across both developed and developing markets with increasing urbanization and globalization trends. Globalization is now enabling easy and wide availability of such decorative items, designs, and ideas to consumers. Homeowners are also realizing the need for such items and are often searching for them to keep their homes more attractive and organized.
The e-commerce industry is growing rapidly and the home decor segment is not one to stay away from the progress. The concept of making a thorough check at stores to buy products for homes is an age old thing now; today, the online-savvy crowd is open to save time and is shopping for convenience by just doing it online. Furthermore, the textile home decor industry is fast transforming into an IT industry. Once dominated by independent interior designers and big box retailers, the market for textile home decor has witnessed the proliferation of a number of startups. Online crowdsourcing and affordable outsourcing are key trends catching on in the market, wherein online provisions of style boards & design ideas, and hiring designers at affordable costs have become convenient.
Based on Product, the market is segmented into Furniture, Home Textile, and Floor Covering Market. Based on Category, the Furniture market is segmented into Kitchen, Living and Bedroom, Bathroom, Outdoor and Lighting; the Home Textile market is segmented into Rug, Bath Textiles, Bed Textiles, Kitchen & Dining Textiles and Living Room Textiles; the Floor Covering market is segmented into Tiles, Woods & Laminate, Vinyl & Rubber, Carpet & Rugs and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Forbo Holding AG, Armstrong World Industries Inc., Mannington Mills, Inc., Mohawk Industries Inc., Berkshire Hathaway Inc., Herman Miller Inc., Ashley Furniture Industries Ltd. and Kimball International Inc.
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Companies Profiled
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