Online home decoration market size is projected to grow by USD 58.99 billion, with 42% of the market growth expected to come from Europe

NEW YORK, November 18, 2022 /PRNewswire/ — The Online home decoration market Size is expected to grow by $58.99 billion from 2021 to 2026. Moreover, according to Technavio, the growth momentum of the market is set to accelerate at a CAGR of 8.92% during the forecast period. The rise in online spending and smartphone proliferation, rising demand for multifunctional furniture, and rising popularity of interior design blogs are driving the market growth. However, factors such as fierce competition from offline channels, long product replacement cycles and lack of touch-and-feel elements will hamper the market growth. Technavio provides a comprehensive report executive summary that describes the market size and forecast along with the research methodology. The sample report is available in PDF format

Technavio has announced its latest market research report titled Global Online Home Decor Market 2022-2026

Technavio has announced its latest market research report titled Global Online Home Decor Market 2022-2026

Online Home Decor Market: Geographical Landscape

The market has been geographically segmented into Europe, North AmericaAPAC, South Americaand middle East and Africa. Europe will witness lucrative growth during the forecast period. About 42% of the total growth of the market is expected to come from it Europe. Great Britain and Germany are the major online home decoration markets in Europe. The growth of the market in the region is being driven by factors such as the expanding urban population base, which is expected to increase the need for housing projects. However, the market growth in this region will be slower than the growth of the market in APAC.

Learn about each region’s contribution, summarized in concise infographics and detailed descriptions. buy now to access regional and country level market information

Online Home Decor Market: vendor landscape

The online home decoration market is fragmented, with several established players. Vendors employ organic and inorganic growth strategies to compete in the market. These players compete on various factors including quality, price, brand and variety. Acquisition of new brands will help leading competitors to maintain their dominance in the global online home decor market during the forecast period. The practice of sustainability is also pursued by major competitors. Market players are focusing on furniture customization through consumer interactions, which is a trend in the global online home decor market.

Online Home Decor Market: Market Drivers

That Increase in online spending and smartphone penetration drives market growth. Online shopping has gained popularity with the advent of m-commerce due to the high penetration of the internet, improved economic growth, and purchasing and delivery options. Online payment security features, improved online customer services, free delivery and customer-friendly designs of shopping websites also contribute to the growth of the market. Rising online sales are also driving the growth of the global online home decor market. The increasing emphasis on mobile commerce is primarily driven by the purchase of new smartphones and the creation of more shopping opportunities.

Technavio has identified key trends, drivers and challenges in the market that will help vendors improve their strategies to stay ahead of their competitors. Check out our FREE PDF sample report

Online Home Decor Market: Product Landscape

By product, the market has been segmented into online home furniture, online home furniture and other online home decoration products. That Online home furniture segment will make a significant contribution to market growth during the forecast period. The preference for online shopping is increasing worldwide due to growing internet penetration and the increasing number of smartphone users. Online channels allow manufacturers to expand their distribution networks by collaborating with third-party e-retailers or creating their own online shopping portals.

Online Home Decor Market: Some businesses covered

  • Amazon.com Inc.

  • Ashcom LLC

  • Bed Bath and Beyond Inc.

  • Century Furniture LLC

  • Chairish Inc.

  • Coyuchi Inc.

  • D Decor Home Textiles Pvt. GmbH.

  • Herman Miller Inc.

  • Hoffner Online GmbH & Co. KG

  • Home24 SE

  • Inter IKEA Holding B.V

  • LaZBoy Inc.

  • Otto GmbH & Co KG

  • Pier 1 Imports Inc.

  • The Home Depot Inc.

  • Urban Head Home Decor Solutions Pvt. GmbH.

  • Urban Outfitters Inc.

  • Walmart Inc.

  • Wayfair Inc.

  • Williams Sonoma Inc.

Online Home Decor Market: What Our Reports Offer

  • Market share estimates for the segments at regional and country level

  • Strategic recommendations for newcomers

  • Covers market data from 2021 to 2026

  • Market Trends (Drivers, Opportunities, Investment Opportunities, Threats, Challenges and Recommendations)

  • Strategic recommendations in key business areas based on market assessments

  • Competitive landscape design that maps key common trends

  • Company profiling with financial figures, detailed strategies and current developments

  • Supply chain trends that reflect the latest technological advances

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Scope of the Online Home Decor Market

report coverage

details

page number

120

base year

2021

forecast period

2022-2026

Growth Dynamics & CAGR

Accelerate with a CAGR of 8.92%

Market growth 2022-2026

$58.99 billion

market structure

fragmented

YoY Growth (%)

7.49

Regional Analysis

Europe, North America, APAC, South America and Middle East & Africa

make a market contribution

Europe at 42%

Important consumer countries

USA, Canada, China, Great Britain and Germany

competitive landscape

Leading companies, competitive strategies, levels of consumer engagement

company profiled

Amazon.com Inc., Ashcomm LLC, Bed Bath and Beyond Inc., Century Furniture LLC, Chairish Inc., Coyuchi Inc., D decor Home Fabrics Pvt. Ltd., Herman Miller Inc., Hoffner Online GmbH & Co. KG, Home24 SE, Inter IKEA Holding BV, LaZBoy Inc., Otto GmbH & Co. KG, Pier 1 Imports Inc., The Home Depot Inc., Urban Ladder Home Decor Solutions Pvt. Ltd., Urban Outfitters Inc., Walmart Inc., Wayfair Inc. and Williams Sonoma Inc.

market dynamics

Root Market Analysis, Market Growth Drivers and Obstacles, Fast Growing and Slow Growing Segment Analysis, COVID-19 Impact and Future Consumer Dynamics, and Market State Analysis for the forecast period.

customization area

If our report does not contain the data you are looking for, you can contact our analysts and have segments adjusted.

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Table of Contents

1. Summary

2 market landscape

3 market size

4 Five Forces Analysis

5 Market Segmentation by Product

6 customer landscape

7 Geographical Landscape

8 drivers, challenges and trends

9 provider landscape

10 Vendor Analysis

11 Appendix

about us

Technavio is a leading global technology research and consulting firm. Her research and analysis focuses on trends in emerging markets and provides actionable insights that help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies and spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive reporting, extensive research and actionable market insights to identify opportunities in existing and potential markets and to assess their competitive position in changing market scenarios.

Contact
Technavio Research
Jess Maida
Media and Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Infiniti Research, Inc.

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