The global home decor market is expected to expand from $672.2 billion as of 2022 to $949 billion by 2032, a 3.6% CAGR, according to data from Market.us.
North America held a market revenue share of approximately 39.7% in 2022, but the Asia Pacific market is anticipated to grow the highest CAGR during the forecast period. While developed nations such as the U.S., Canada and Germany have buoyant home décor sectors, consumer demand is expected to rise steadily in developing nations like China, Brazil, and India.
Some of these factors that fuel this expansion include the increasing number of commercial and residential constructions, increasing spending capacity and shifting population to urban areas in many countries, the growing public awareness of eco-friendly materials, and a wider consumer availability of aesthetic components at a discounted rate.
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