Asia-Pacific Home Decor Market is Set to Grow at a CAGR of 7.9%

New York, USA, 2018-Nov-14 — /EPR Network/ —According to Goldstein Research, development of Asia-Pacific interior designing market and the significant growth in construction of new residential and commercial buildings are boosting the growth of Asia-Pacific home decor market. The offices, clubs and homes owners are inclining towards creative interior designing, which requires home décor products to justify the creativity and ideas of the designer. Moreover, in 2016 interior design market has reached USD 94.0 billion globally. Asia-Pacific Home Decor market outlook also includes product development, marketing strategy and investment strategies adopted by major market players in order to expand their business across the region. Based on geography, China dominated the home decor market with share of 18.4% in 2017 of the Asia-Pacific total, owing to the large construction of residential and commercial spaces in the country complemented with huge manufacturing base.

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Market Segmentations

On the basis of our in-depth analysis, Asia-Pacific home decor market can be segmented as follows:

By Product

• Furniture (tables, chairs, etc.)
• Furnishings (rugs, hangings, etc.)

By Location

• Indoor
• Outdoor

By Consumer Segment

• Premium Customers
• Mass Customers

By Distribution Channel

• Online
• Offline

By End-User

• Golf Courses
• Retail Stores
• Residential
• Others (Hotels, etc.)

By Geography

• Japan Home Décor Market {Market Share (%), Market Size (USD Billion)}
• China Home Décor Market {Market Share (%), Market Size (USD Billion)}
• India Home Décor Market {Market Share (%), Market Size (USD Billion)}
• Australia Home Décor Market {Market Share (%), Market Size (USD Billion)}
• Singapore Home Décor Market {Market Share (%), Market Size (USD Billion)}
• South Korea Home Décor Market {Market Share (%), Market Size (USD Billion)}
• New Zealand Home Décor Market {Market Share (%), Market Size (USD Billion)}
• Rest of APAC Home Décor Market {Market Share (%), Market Size (USD Billion)}

“Asia-Pacific Home Decor Market Outlook 2024” contains detailed overview of the Asia-Pacific Home Decor market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, by location type, by consumer type, by distribution channels and by end users.

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Further, for the comprehensive analysis, Asia-Pacific Home Decor Market Report encompasses the industry growth drivers, market challenges, market attractiveness, risk analysis, Porter’s five force model, BPS (Base Point Scale) analysis and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Bed IKEA, Bath & Beyond, Home Depot, Lowes, Wal-Mart, Costco, Havertys, Wayfair Company, Williams-Sonoma, Ethan Allen, JC Penney, Pottery Barn etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.

The report embodies the Asia-Pacific Home Decor market present and future trends along with market estimate that will aid industry consultants, technology providers, existing players searching for regional expansion opportunities, new market players examining opportunities and other investors to align their market centric policies according to the ongoing and anticipated trends in the future.

Key questions answered in this Asia-Pacific Home Decor market report

• What is the Asia-Pacific Home Decor market size by 2025 and what would be the expected growth rate of sales?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the Home Decor market trends?
• What are the factors which are driving this market?
• What are the major barriers to Home Decor market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Asia Pacific home décor market is further bifurcated in various segments with separate market analysis mentioned below:

Home Decor Market

Global interior designing market and the rise in construction of new buildings are fuelling the growth of the global home décor market. Global home decor market outlook also includes new product developments and capital investment as the key strategies adopted by the major players for significant expansion across the globe. For instance, there is a rising trend of using waste materials in a way to look fashionable and match with the mood of the interior designing.

North America Home Décor Market

From country chic to modern minimalist, the home decor styles in America are extremely varied. Home décor is possibly one of the surest ways for customers to innovate the overall look and feel of the space. North America home décor market is set to reach nearly USD 11.55 billion by 2024, growing at a CAGR of 8.5% over the forecast period (2017-2025).

 Furniture Market

Rapid urbanization and growth in real estate business has significantly bolstered the growth of furniture market. Growing office furniture demand with the rising number of offices in emerging countries also accelerated the growth of office furniture across the globe. Global furniture market valued more than USD 400 billion in 2016 owing to rising sales in growing economies. Global furniture market size is anticipated to expand at a compound annual growth rate of 4.2% over the forecast period i.e.2016-2024. Further, the market is projected to surpass USD 550 billion by the end of 2024.

Ready To Assemble (RTA) Furniture Market

RTA furniture gained its popularity in furniture market for its low cost and high functionality as compared to ready-to-use (RTU) furniture.  Global furniture market reached USD 450 billion in 2016. Global ready-to-assemble furniture market shares more than 5.3% in global furniture market.

Outdoor Furniture And Accessories Market

Outdoor furniture market is also benefitted by the government funding to open more leisure and green spaces such as gardens, sports area and other where people can relax. The global outdoor furniture and accessories market valued USD 9.1 billion in 2016 owing to rising number of luxury housing and hotel chains across the globe. Further, the market is anticipated to expand at a CAGR of 5.6% to reach USD 14.3 billion over the forecast period i.e. 2016-2024.

Global Wall Decor Market

Goldstein Research analyst forecast the global wall décor market size is set to reach USD 23.2 billion by 2024, growing at a CAGR of 9.0% over the forecast years. The rising demand of the wall décor products is dependent upon the construction of new property or renovation of the existing property along with the spending capacity of the consumer. North America is leading the wall décor market with share of 23.4% of the global total, owing to the customer lifestyles, preferences, and tastes which has been changing as per the consumer income levels.

Decorative Paints and Coatings Market

Global decorative paints and coatings market experience tight competition among the players, pushing it towards overall growth of the market. Decorative paints and coatings market size is set to reach USD 137.6 billion by 2025, growing at a CAGR of 5.2% over the forecast period. North America architectural coating market is witnessing M&A among the large players since 2013, but ten big players have control over 90% of the market.

Global Wall Decor Market

Global wall décor market size is set to reach USD 23.2 billion by 2024, growing at a CAGR of 9.0% over the forecast years. The rising demand of the wall décor products is dependent upon the construction of new property or renovation of the existing property along with the spending capacity of the consumer. North America is leading the wall décor market with share of 23.4% of the global total, owing to the customer lifestyles, preferences, and tastes which has been changing as per the consumer income levels.

United States Home Furnishing and Soft Goods Market

The demand for home furnishing and soft goods has increased in past few years at rapid pace, driven by growth in the landscaping market in the United States. United States home furnishing market to expand at a CAGR of 6.4% during the forecast period 2016-2024. Further, the market is anticipated to reach USD 79.4 billion by the end of forecast period.

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