WILMINGTON, Del., August 11, 2023 (Globe Newswire) — Transparency Market Research Co., Ltd. – The global online home decor market is estimated to have a global market valuation of approximately USD 171 billion in 2022. The market is expected to grow steadily. 7% CAGR From 2022 to 2031 and by 2031. The market valuation he could reach 313.5 billion US dollars.
Customers now enjoy a near-perfect, immersive shopping experience when purchasing online. This includes properly arranging and dividing items according to color, purpose, available space, and the use of augmented and virtual reality.
Users can build their entire home or workplace using applications and portals that support AR and VR, allowing them to see and choose the best furniture. The global market is driven by consumer demand for premium home decor furniture and accessories to give a classic look to the home.
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Market snapshot:
| Report scope | detail | |
| market revenue | 171 billion USD | |
| Estimated value | USD 313.5 billion | |
| Growth rate – CAGR | 7.0% | |
| Forecast period | 2023-2031 | |
| number of pages | 150 pages | |
| market segmentation | By product type, price category and distribution channel | |
| Target area | North America, Europe, Asia Pacific, Middle East and Africa, South America | |
| Target companies | Ashley Home Stores, Ltd., Herman Miller, Inc., Home 24 SE, Home Depot Product Authority, IKEA Systems BV, Kimball International, Inc., Lowe's Companies, Inc., Pepperfry, Signify Holding (Philips), Springs Window Fashions | |
Main findings of market report
- During the forecast period, the furniture sector is expected to capture the largest global share of the online home decor market.
- The demand for bed and bath linens will likely increase, stimulating the online home decor sector.
- Europe is an attractive market for online home decor products due to increasing customer preference for purchasing home decor products online.
Market trend for online home decoration
- During the forecast period, the furniture sector is expected to capture the largest global share of the online home decor market. This is due to increased consumer spending to enhance interior design to increase interior sales and increased disposable income of consumers.
- Furniture serves as a representative durable large-sized product, and as the Internet economy continues to grow and logistics systems improve, the furniture sector has steadily adapted to e-commerce marketing strategies.
For detailed competitive analysis, buy now: https://www.transparencymarketresearch.com/checkout.php?rep_id=37046 online home decoration Regional market outlook Global online interior decoration market: Key players Detailed profiles are provided to the companies covered in the Online Home Decoration Market research to assess their financial status, key product offerings, recent advances, and strategies. Most companies invest heavily in intensive research and development initiatives, primarily to create cutting-edge items. His two main tactics used by companies in international markets are product portfolio expansion and mergers and acquisitions. Inter IKEA Systems BV, Home Depot Product Authority, LLC, Kimball International, Inc., Herman Miller, Inc., Ashley Home Stores, Ltd., Home 24 SE, Lowe's Companies, Inc., Signify Holding (Philips), Springs Window Fashions , Pepperfry are some of the leading companies active in the global online home decor market. Some of the developments by major players in the global online interior decoration market are: If you would like to purchase specific insights by segment/region/competitor, please request customization: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=37046 Global Online Home Decoration Market Segmentation Read more Related reports: Home Audio Equipment Demand – Market Size, Trends, Analysis, Scope, Growth Drivers Smart bathroom market size [2023-2031] | Industry share, growth Home fragrance industry size, growth analysis and future scenario 2023-2031 About transparency market research Transparency Market Research is a global market research firm registered in Wilmington, Delaware, USA, providing custom research and consulting services. Our unique combination of quantitative forecasting and trend analysis provides forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers, and consultants uses proprietary data sources and a variety of tools and techniques to gather and analyze information. Our data repository is continually updated and revised by our team of research experts to ensure it always reflects the latest trends and information. With extensive research and analytical capabilities, Transparency Market Research employs rigorous primary and secondary research methodologies in developing unique datasets and research materials for business reports. contact: Nikhil Saulani
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