Published Date: 31-Jul-2022
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According to a new report, published by KBV research, The Global Sustainable Home Decor Market size is expected to reach $415.7 billion by 2028, rising at a market growth of 5.4% CAGR during the forecast period.
The Premium segment is showcasing a CAGR of 7.7% during (2022 - 2028). As most premium brands tend to make unique and single pieces, they are mostly approached by affluent people only. Premium brands either make the pieces entirely to the customer’s specifications or the designers make an artistic piece alone. Even though they sell a limited number of products, it is still enough to garner profits and keep the brand floating.
The Specialty Stores segment acquired maximum revenue share in the Global Sustainable Home Decor Market by Distribution Channel in 2021 thereby, achieving a market value of $172.5 billion by 2028. The wide variety of home furnishings stores that can be found in different regions is the reason behind the growth of the specialty stores. The real estate industry's increased demand for domestic furnishings has increased the demand for adaptable and sustainable furniture.
The Upper Middle-Income segment has shown the growth of 5.6% during (2022 - 2028). With increasing disposable incomes, the demand for personal décor products would also surge. This includes expending money to make better homes. The various advertisement campaigns also instigate the upper-middle income public to purchase more to achieve what they see on screens.
The Floor Covering segment is leading the Global Sustainable Home Decor Market by Product Type in 2021 thereby, achieving a market value of $201.4 billion by 2028. An increase in urbanization, a rise in disposable money, and an improvement in lifestyle have all contributed to the growth of this segment. Some most common types of sustainable floor coverings include bamboo, cork, linoleum, engineered hardwood, and recycled materials. The recycled materials remain quite useful among them.
The Asia Pacific market dominated the Global Sustainable Home Decor Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $151,308.8 million by 2028.The Europe market is exhibiting a CAGR of 5.1% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 4.7% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Armstrong World Industries, Inc., Mohawk Industries Inc., Inter IKEA Systems B.V., Herman Miller, Inc., Forbo Management SA, Kimball International Inc., Ashley Furniture Industries, LLC, Cisco Brothers Corp., Duresta Upholstery Ltd., and Greenington Fine Bamboo.
By Price Point
By Distribution Channel
By Income Group
By Product Type
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