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Online Home Decor Market size to grow by USD 52.95 billion, Market Research insights highlight the rise in online spending and smartphone penetration as Key Driver - Technavio

·6 min read

NEW YORK, Aug. 4, 2022 /PRNewswire/ -- According to the research report, the Online Home Decor Market will witness a YOY growth of 7.30% at a CAGR of 9% during the forecast period. The report is segmented by product (online home furniture, online home furnishings, and other online home decorative products) and geography (Europe, North America, APAC, South America, and MEA).

Technavio has announced its latest market research report titled Online Home Decor Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025
Technavio has announced its latest market research report titled Online Home Decor Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

 

For more insights on YOY and CAGR, Read FREE Sample Report

Vendor Insights

Global Online Home Decor Market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • Amazon.com Inc.

  • Ashley Furniture Industries Inc.

  • Bed Bath & Beyond Inc.

  • Herman Miller Inc.

  • Inter IKEA Holding BV

  • LaZBoy Inc.

  • Urban Outfitters Inc.

  • Walmart Inc.

  • Wayfair Inc.

  • Williams-Sonoma Inc.

Geographical Market Analysis

Europe will account for 42% of market growth. The main European markets for online home decor are the UK and Germany. This region's market will grow more quickly than the markets in North America, South America, and MEA combined. The need for residential construction projects is anticipated to rise as the urban population base grows. Over the anticipated timeframe, this will help the European online home decor market flourish.

Furthermore, countries such as the US, UK, China, Germany, Canada, and Japan are expected to emerge as prominent markets for Online Home Decor Market during the forecast period.

Know more about this market's geographical distribution along with the detailed analysis, Download the free sample report.

Key Market Drivers & Challenges

The increase in online spending and the use of smartphones are two major drivers propelling growth in the online home decor market. Due to the widespread usage of Internet services, increased economic growth, and the advancement of purchase and delivery choices brought about by the emergence of m-commerce, online shopping through smart devices has become more and more popular over time.

The industry is expanding as a result of other factors such as free delivery, enhanced online customer care, and user-friendly website designs for online retailers. The global online home decor business is expanding as a result of increasing online sales. Although factors such as strict competition from the offline channel may impede the market growth.

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Online Home Decor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 9%

Market growth 2021-2025

$ 52.95 billion

Market structure

Fragmented

YoY growth (%)

7.30

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 42%

Key consumer countries

US, UK, China, Germany, Canada, and Japan

Competitive landscape

Leading companies, Competitive Strategies, Consumer engagement scope

Key companies profiled

Amazon.com Inc., Ashley Furniture Industries Inc., Bed Bath & Beyond Inc., Herman Miller Inc., Inter IKEA Holding BV, LaZBoy Inc., Urban Outfitters Inc., Walmart Inc., Wayfair Inc., and Williams-Sonoma Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio "Consumer Discretionary" Research Reports

Table of Contents

Executive Summary

Market Landscape

  • Market ecosystem

  • Value chain analysis

Market Sizing

  • Market Definition

  • Market segment analysis

  • Market size 2020

  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Five forces summary

  • Bargaining power of buyers

  • Bargaining power of suppliers

  • The threat of new entrants

  • Threat of substitutes

  • Threat of rivalry

  • Market condition

Market Segmentation by Product

  • Market segments

  • Comparison by Product

  • Online home furniture - Market size and forecast 2020-2025

  • Online home furnishings - Market size and forecast 2020-2025

  • Other online home decorative products - Market size and forecast 2020-2025

  • Market opportunity by Product

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation

  • Geographic comparison

  • Europe - Market size and forecast 2020-2025

  • North America - Market size and forecast 2020-2025

  • APAC - Market size and forecast 2020-2025

  • South America - Market size and forecast 2020-2025

  • MEA - Market size and forecast 2020-2025

  • Key leading countries

  • Market opportunity by geography

  • Market drivers

  • Market challenges

  • Market trends

Vendor Landscape

  • Vendor Landscape

  • Landscape disruption

Vendor Analysis

  • Vendors covered

  • Market positioning of vendors

  • Amazon.com Inc.

  • Ashley Furniture Industries Inc.

  • Bed Bath & Beyond Inc.

  • Herman Miller Inc.

  • Inter IKEA Holding BV

  • LaZBoy Inc.

  • Urban Outfitters Inc.

  • Walmart Inc.

  • Wayfair Inc.

  • Williams-Sonoma Inc.

Appendix

  • Scope of the report

  • Currency conversion rates for US$

  • Research Methodology

  • List of abbreviations

About Us:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Website: www.technavio.com/

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SOURCE Technavio