Global Online Home Decor Market Growth at CAGR of 19.6%, 2021

The global online home decor market to grow at a CAGR of 19.64% during the period 2017-2021.

Global Online Home Decor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

According to the report, one of the major drivers for this market is Growing demand for premium furniture. At present, customers are opting for luxury furniture brands because of economic growth and increase in their purchasing power, thereby increasing the significance of home decor. High-end furniture is considered a status symbol by the premium and ultra-premium segment of consumers because they prefer buying designer furniture, floor coverings, and textiles. Consumers are also opting for premium furniture for their home offices. The demand for luxury home decor is growing gradually in the emerging nations of APAC and MEA such as China, the UAE, and South Korea.

The latest trend gaining momentum in the market is Increasing demand for eco-friendly furnishings. Rising consciousness of a healthy environment has increased the demand for eco-friendly furniture and other furnishings. Awareness of consumers of the ill effects of deforestation on the climate and the effects of toxic finishes in the air inside homes have led many furniture manufacturers to go green. Market players offer a wide range of aesthetic furniture made of bamboo that is stronger and harder than most other types of wood, including oak. Companies such as Greenington and Palecek are involved in the production of eco-friendly furniture.

Further, the report states that one of the major factors hindering the growth of this market is High operational costs. The increased cost pressure on manufacturers due to the increasing competition in the market is adversely affecting the market. Inter IKEA Systems, one of the prominent vendors in the market, dominates the furniture manufacturing and retail markets in most of the developed countries. However, at present, the company is facing immense competition from its peers Baker Furniture, Century Furniture, and Ashley Furniture Industries. As a result, Inter IKEA Systems has abandoned the premium-pricing strategy for its furniture and has reduced its prices.

Key vendors

Other prominent vendors

Key Topics Covered:

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Research Methodology

Part 04: Introduction

Part 05: Market Landscape

Part 06: Market Segmentation By Product

Part 07: Geographical Segmentation

Part 08: Key Leading Countries

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Key Vendor Analysis

Part 14: Appendix

For more information about this report visit https://www.researchandmarkets.com/research/hs2jzs/global_online

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