Home Decor Market Size, Share, Growth Analysis, By Product(Furniture, Textile, Flooring, and Others), By Application(Indoor, and Outdoor), By Region - Industry Forecast 2024-2031

North America accounted for 37.7% of global revenue in 2022, thus, making it the largest regional market. The market's growth is attributed to increasing product accessibility and expanded online and offline home décor channels penetration. The region that the most market players exhibit the greatest penetration of different décor products, such as furniture, lighting, decorative flooring, and the usage of textiles. Additionally, the U.S. dominates the world market for outdoor furniture as a result of customers' increasing willingness to spend money on home décor items.

The Asia Pacific market is anticipated to grow significantly as a result of a population migration to cities. The local real estate market is growing quickly, which suggests that new residences and buildings are being constructed. As a result of new construction, the market is flooded with innovative and creative décor products. As the interior design industry grows in developing nations like Indonesia, China, and India, there is a rising demand for home décor products. The growing inclination of consumers for eco-friendly products has also increased the popularity of using waste materials to produce attractive aesthetics. As a result, the creative component in the creation of home décor objects has increased.