US Home Décor Market Size Reached $243.82 Billion in 2023

Home décor is the process of decorating, embellishing, and embellishing indoor spaces to enhance aesthetics and create a comfortable living environment. Home decorations refer to items used to decorate the home environment.

Segmented Market Analysis

From the perspective of product types, home decor usually includes flooring, furniture (such as sofas, coffee tables, beds, dining tables, chairs, bookcases, wardrobes, TV cabinets, etc.), lighting, textiles (curtains, bedding, carpets, tablecloths, etc.), and various accessories. Among them, furniture occupies a dominant position in the market. According to our research data, the size of the US furniture segment market in 2023 was $123.02 billion, with a market share of up to 50.53%.

According to different sales channels, the US home décor market can be further divided into online and offline sales markets. Among them, offline sales are the mainstream sales channels. According to our data, the size of the offline sales segment of home décor in the US in 2023 was $229.045 billion, with a market share of up to 93.94%.

US Home Décor Market Size and Share by Product Type and Sales Channel in 2023


Market Size (Billion USD)

Share

Segmented by Product Type

Furniture

123.20

50.53%

Textiles

48.72

19.98%

Flooring

51.79

21.24%

Accessories

20.14

8.26%

Segmented by Sales Channel

Offline Sales

229.05

93.94%

Online Sales

14.78

6.06%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Competitive Landscape

Data shows that the size of the US home décor market reached $243.82 billion in 2023. In the coming years, with the continuous improvement of people's living standards and the demand for improved living environments, the home decoration market will continue to usher in new development opportunities. It is expected that the size of the US home décor market will increase to $266.92 billion by 2025.

From the perspective of market competition, the concentration of the US home décor market is low. According to our data, the total output value of home decoration products by the top 3 companies in the industry in 2023 was $24.55 billion, but the total share was only 10.07%. The top three companies were Bed Bath & Beyond, Inter IKEA Group, and Mohawk Industries, Inc. In 2023, these three companies accounted for 4.21%, 3.08%, and 2.78% of the global total home décor output, respectively.
US Home Décor Market Size Forecast and Competition Pattern Analysis 

Source: www.globalmarketmonitor.com
Development Trend Analysis
Online sales will grow rapidly: In recent years, more and more consumers have begun to choose to purchase home decoration products online, and this trend is expected to continue to grow. Online sales not only provide more choices and lower prices but also facilitate consumers to shop at home, saving time and energy.
Intelligent and personalized needs: With the continuous progress of technology and the increasing demand for personalization from consumers, intelligent and personalized home decoration products will become a new trend in the market. For example, smart home devices such as smart lighting and smart thermostats will become increasingly popular.
Green environmental trends: Environmental protection and sustainability are the focus of today's society, which will also have an impact on the home decoration market. Consumers will pay more attention to environmentally friendly materials and sustainable products, which will drive the emergence of more environmentally friendly home decoration products in the market.
Brand and quality competition: With the increasingly fierce market competition, brand and quality will become important factors in enterprise competition. High-quality products and services will be more favored by consumers.


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