United States Home Decor Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 206.70 Billion |
| Market Size (2029) | USD 252.82 Billion |
| CAGR (2024 - 2029) | 4.11 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Home Decor Market Analysis
The United States Home Decor Market size is estimated at USD 206.70 billion in 2024, and is expected to reach USD 252.82 billion by 2029, growing at a CAGR of 4.11% during the forecast period (2024-2029).
The US home decor market has witnessed a consistent growth trajectory, and this upward trend is poised to persist. A surge in consumer demand for home decor essentials like furnishings, textiles, and floor coverings primarily drives this growth in the market. Additionally, the US home decor market analysis indicates that the rising popularity of compact housing has spurred a demand for products with enhanced storage options, elevating the aesthetic appeal of homes.
Conversely, the market is witnessing a surge in demand for bespoke and trendy home decor products, particularly among affluent consumers, indicating a robust expansion for industry growth. These factors are paving the way for a promising growth outlook in the United States home decor sector.
With a commanding market share of over 60% in North America, industry statistics shows that the United States home decor market is outpacing its regional counterparts, propelled by evolving lifestyles and a surge in household possessions. As homeownership rises, the utilization of furniture, textiles, and floor coverings as design elements to enhance living spaces is gaining traction.
According to this market forecast report, the advent of e-commerce, coupled with the widespread adoption of smart devices like mobiles and tablets, has bolstered the preference for online purchases in the home decor segment. This shift toward digital channels is driven by key industry trends, providing seamless payment and delivery options and is poised to be a defining trend in the global home decor market in the coming years.
US Home Decor Industry Trends
The Market is Being Fueled by the Growth of E-Commerce Distribution
The US Home decor market statistics indicate that online shopping platforms have revolutionized the accessibility of home decor, offering customers an extensive range of options at their fingertips. Retailers are enhancing the buying experience by providing virtual room planners, detailed product descriptions, and user feedback. The convenience of home delivery and often more competitive pricing have further fueled the popularity of home decor items among consumers.
Online shopping has increased, driven by the ubiquity of smart devices, a buoyant economy, and the evolution of m-commerce's purchase and delivery options. The current industry trends are driving robust growth in the US online home decor market, supported by factors such as free delivery, robust customer support, secure online payment systems, and user-friendly website designs. A notable catalyst for this growth is the upswing in online sales, amplified by the proliferation of new smartphones and expanding avenues for mobile commerce.
The Real Estate Sector’s Growth Fueled the Consumer’s Interest in Home Decor Products.
Recent industry analysis has identified that robust growth of the real estate market is fueling a parallel surge in demand for home decoration services. This surge is mirrored in the expanding home decor market. Notably, the interior design sector has evolved to cater to the rising demand for high-end luxury home decor, enhancing the guest experience. A key driver of the growth in the home decoration industry is the rising trend of house renovations, one of the notable market trends, which is broadening the array of interior design offerings, ranging from marble or wood flooring to decorative lighting and eco-friendly furniture.
The rapid expansion of the real estate sector is amplifying the need for services like interior design and home decor. This, in turn, is propelling the home decor market share, with a particular uptick in demand for items like furniture, home textiles, and flooring. As a result, the home decor industry size is poised for gradual growth in the coming years, which contributes to a positive market outlook.
US Home Decor Market Overview
The US home decor market is fragmented. Its growth is propelled by a thriving real estate sector. Currently, a handful of key players dominate the market growth. Yet, fueled by technological advancements and innovative offerings, smaller and mid-sized firms are bolstering their market presence. They are achieving this by securing fresh contracts and venturing into untapped markets. Some of the largest companies in the US home decor market include Inter IKEA Systems BV, Bed Bath & Beyond Inc., Ashley Furniture Industries, Inc., Mannington Mills Inc., and Kimball International Inc.
United States Home Decor Market Leaders
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Inter IKEA Systems B.V.
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Bed Bath & Beyond Inc.
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Ashley Furniture Industries, Inc.
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Mannington Mills Inc.
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Kimball International, Inc.
*Disclaimer: Major Players sorted in no particular order
United States Home Decor Market News
- August 2023: Overstock.com Inc., in collaboration with Bed Bath & Beyond, unveiled BedBathandBeyond.com in the United States. This strategic move consolidates the strengths of both companies, creating a unified online retail platform operating exclusively as Bed Bath & Beyond.
- June 2023: Online retailer Overstock.com Inc. strategically acquired select intellectual property assets from Bed Bath & Beyond's banner. The acquisition took place through a process overseen by the Bankruptcy Court.
- April 2023: In a significant move, IKEA unveiled a USD 2.2 billion investment plan for its omnichannel expansion in the United States. The Swedish furniture giant is set to revamp its store footprint, enhance its fulfillment capabilities, and introduce a tailored product range to meet the evolving needs of American households. This landmark investment marks IKEA's most substantial commitment in its four-decade-long presence in the US market.
United States Home Decor Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions & Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Market Drivers
- 4.1.1 The Demand for Home Decor Products is Surging as People are Inclined to Show their Creativity Through DIY Activities.
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4.2 Market Restraints
- 4.2.1 The Price Fluctuations of Raw Materials can be a Challenge for the Home Decor Industry.
- 4.2.2 Lack of Skilled Labour who Design Home Decor Furniture
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4.3 Market Opportunities
- 4.3.1 Growing Significance of Social Media and Celebrity Partnerships
- 4.3.2 Trends in the Adoption of Environmentally Friendly Products
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4.4 Industry Attractiveness - Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
- 4.5 Impact of COVID-19 on the Market
- 4.6 Insights into Technological Advancements in the Duty Free and Travel Retail
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Home Furniture
- 5.1.2 Home Textiles
- 5.1.3 Flooring
- 5.1.4 Wall Decor
- 5.1.5 Lighting and Lamps
- 5.1.6 Acessoriess
- 5.1.7 Other Home Decor Products
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5.2 By Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Specialty Stores
- 5.2.3 Online
- 5.2.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Ashley Furniture
- 6.2.2 Ikea USA
- 6.2.3 American Textile Systems
- 6.2.4 Acuity Brands Lighting
- 6.2.5 Generation Lighting
- 6.2.6 Mohawak Flooring
- 6.2.7 Shaw Industries Group
- 6.2.8 Mannington Mills Inc.
- 6.2.9 Kimball International
- 6.2.10 Herman Miller Inc.
- 6.2.11 Crane & Canopy Inc*
- *List Not Exhaustive
7. FUTURE MARKET TRENDS
8. DISCLAIMER
** Subject To AvailablityUnited States Home Decor Industry Segmentation
Home decor refers to the art of enhancing both the aesthetics and functionality of a house's interior and exterior. It has a wide range of items, such as textiles, carpets, area rugs, bedroom and kitchen furniture, lamps, lighting fixtures, candles, and various artifacts, each representing distinct US home decor market segments.
The US home decor market research report is segmented by product and distribution channel. By product, the market is segmented into home furniture, home textiles, flooring, wall decor, lighting and lamps, accessories, and other home decor products. By distribution channel, the market research report is segmented into supermarkets/hypermarkets, specialty stores, online, and other distribution channels. The report offers the US home decor market size, industry statistics, and forecasts in market value (USD) for all the above-mentioned segments.
| By Product | Home Furniture |
| Home Textiles | |
| Flooring | |
| Wall Decor | |
| Lighting and Lamps | |
| Acessoriess | |
| Other Home Decor Products | |
| By Distribution Channel | Supermarkets/Hypermarkets |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
United States Home Decor Market Research Faqs
How big is the United States Home Decor Market?
The United States Home Decor Market size is expected to reach USD 206.70 billion in 2024 and grow at a CAGR of 4.11% to reach USD 252.82 billion by 2029.
What is the current United States Home Decor Market size?
In 2024, the United States Home Decor Market size is expected to reach USD 206.70 billion.
Who are the key players in United States Home Decor Market?
Inter IKEA Systems B.V., Bed Bath & Beyond Inc., Ashley Furniture Industries, Inc., Mannington Mills Inc. and Kimball International, Inc. are the major companies operating in the United States Home Decor Market.
What years does this United States Home Decor Market cover, and what was the market size in 2023?
In 2023, the United States Home Decor Market size was estimated at USD 198.20 billion. The report covers the United States Home Decor Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Home Decor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What factors are driving the growth of the U.S. Home Decor Market?
The factors driving the growth of the U.S. Home Decor Market are a) The popularity of home decor products such as furniture, home textiles, and floor coverings b) The rising popularity of compact housing c) Surge in demand for bespoke and trendy home decor products
What are the key segments of the U.S. Home Decor Market?
The key segments of the U.S. Home Decor Market include a) Product: Home Furniture, Home Textile, Flooring, Wall Decor, Lighting and Lamps and Accessories b) Distribution Channel: Supermarkets/Hypermarkets, Specialty Stores and Online c) Income Group and Price Point
United States Home Decor Industry Report
The US home decor market, segmented by product type, distribution channel, price point, category, and income group, showcases significant opportunities, particularly within key segments such as furniture, floor coverings, and home textiles, where price trends within each segment were analyzed to help businesses to adapt changing market conditions. The floor covering segment notably thrives, driven by its extensive adoption to enhance both aesthetic and functional aspects of homes. The market benefits from a robust presence of specialty stores and a notable surge in e-commerce platforms, which simplify and add convenience to the shopping experience, appealing to a broad consumer base. The market caters to diverse financial tiers, offering both mass and premium products. The higher-income group shows a strong preference for premium, sustainable, and uniquely designed items, signaling a market shift towards products that not only boost aesthetic appeal but also promote sustainability. This trend is complemented by the integration of technology and eco-friendly materials, propelling the dynamic and sustained growth of the US home decor market. For home decor companies in the USA target market expansion, comprehensive analysis and forecast insights are crucial. Mordor Intelligence™ offers a detailed historical overview and a predictive outlook on the U.S. home decor market size global, industry growth, trends, and revenue growth rates, essential for stakeholders invested in the US wall decor market and broader home decor sectors. Get a sample of this industry analysis as a free-market report PDF download.
