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Luxury Home Decor Market by Type (Furniture, Home Textile, Floor Covering) by Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, E-commerce, Others) : Global Industry Size, Share, Statistics and Forecast 2015 – 2027

Published: | Report ID: 12342 | Report Format : PDF

Market Insights

Home décor consists of anything that makes a home look more stylish and aesthetic while having specific purposes for its inhabitants. Home décor products include a whole array of items people purchase to decorate their homes. These include rugs, carpets, vases, shelves, clocks, towels, candles, mirrors, lights, flooring, paintings, murals, ornaments, crystals, etc. It can be surprising that such small items are priced so high, and even more surprising is that people purchase them left, right, and center. Not so incredible as everybody thrives off of style and exclusivity these days. Hence, the luxury décor market hasn’t been slowing down for the past few years, only expected to grow even more by 2027, with more people purchasing houses.

The global Luxury Home Décor market will experience strong growth over the forecast period. The demand for Luxury Home Décor products is expected to shoot from USD 118 billion in 2020 to over USD 207 billion in 2027, growing at a CAGR of around 5.14%. While the incremental value of the global Luxury Home Décor market between 2021 and 2027 will be USD 1,276 billion.

Luxury Home Decor Market

Interesting Facts about Luxury Home Decor Industry

  • Luxury Home Décor can cost as low as USD 75 K and anything above USD 150 K
  • Average expenditure on Luxury Home Décor is generally around 10% of the cost of construction
  • Interior designers charge fees around USD 2,000 to USD 10,000 depending upon the size of the house
  • Luxury Home Décor has provided direct employment to millions of people around the world
  • S. and Europe have higher average spending rates on Luxury Home Décor
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Focus on Maintaining Brand Value

Every brand, big or small, is making home décor items as they know how profitable this line of business can be. Marks & Spencer, Gucci, and Hermes may be known more for their apparel, footwear, and accessories, but they also manufacture and sell home décor products. And yes, they do sell like hotcakes. Wealthy people who want only luxuries in their homes visit such high-end brands to make their homes look more aesthetic.

These brands are also pretty incredible with their research. They know exactly what their customers want from them, giving it to them. Their products, of course, have a particular target market. Through their smart advertising techniques and high-quality products, they have been able to carve a niche for themselves in the luxury home décor market. Inter IKEA Systems BV, Forbo International SA, Armstrong World Industries, Inc., Mannington Mills Inc., Mohawk Industries Inc., Shaw Industries Group, Inc., Herman Miller Inc., Ashley Furniture Industries Ltd., Kimball International, Duresta Upholstery Ltd., Marks & Spencer, Gucci, and Hermes are some of the leading players in the global Luxury Home Décor market.

Social Status is all It Drives the Demand for Luxury Home Decor

Awareness among people about what’s trendy and what looks good has been a solid contribution to the growth of this luxury market. Having increased disposable incomes certainly increases people’s affordability – easily purchasing such high-end home décor products, but that’s not the only reason. The rise in revenues also helps them travel more frequently. Hence, they pick up little things from foreign countries to make their homes look better.

It’s all psychology; when an individual travels to a foreign country, they want a souvenir from that place that reminds them of the trip and the memories they collected. Such souvenir-collecting often comes in home décor shopping (a candle or an ornament for the shelf).

The lifestyle change, coupled with an increased standard of living, helps the luxury home décor market grow locally and internationally.

Counterfeit Product to Offer Significant Challenge for Brand Value

Cheaper alternatives are always present in the market. Whatever’s sold as a luxury will also see competition from items manufactured with low-quality raw material. These items mostly come from China, where they are sold in variety and at a much lower price. High-end home décor items are unmatched, but the rise in cheaper alternatives is helping people of all classes move the focus away from luxury home décor markets. This reason halts the growth of such a luxurious market.

The U.S. to Remain Single Largest National Market for Luxury Home Décor

Europe dominates global Luxury Home Décor as the largest regional market owing to strong demand from the UK, France, Germany, and Italy. However, the U.S. stood as the single largest national market for Luxury Home Décor in 2020. On the other hand, China and Japan are the most predominating markets for Luxury Home Décor in the East. South Korea, India, Australia, Singapore, and Taiwan are the most promising markets for Luxury Home Décor in the Asia Pacific. Moreover, Brazil and GCC Countries also hold significant growth potential for the Luxury Home Décor industry.

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Furniture to Dominate the Luxury Home Décor Markey

Furniture, Home Textile, and Floor Covering are major product types of Luxury Home Décor. Furniture accounted for the largest share of the global Luxury Home Décor market. While, Supermarkets & Hypermarkets, Specialty Stores, E-commerce, and Others are major distribution channels for Luxury Home Décor.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Luxury Home Decor Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Luxury Home Decor Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Type
3.3.2.Distribution Channel
3.3.3.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Types
3.4.5.Intensity of Competitive Rivalry
3.5.Value Chain Analysis

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Luxury Home Decor Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Luxury Home Decor Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Luxury Home Decor Market, by Type, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Furniture
6.2.3.Home Textile
6.2.4.Floor Covering
6.3.North America Luxury Home Decor Market, by Distribution Channel, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Supermarkets & Hypermarkets
6.3.3.Specialty Stores
6.3.4.E-commerce
6.3.5.Others

7.Europe
7.1.Europe Luxury Home Decor Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Luxury Home Decor Market, by Type, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Furniture
7.2.3.Home Textile
7.2.4.Floor Covering
7.3.Europe Luxury Home Decor Market, by Distribution Channel, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Supermarkets & Hypermarkets
7.3.3.Specialty Stores
7.3.4.E-commerce
7.3.5.Others

8.Asia Pacific
8.1.Asia Pacific Luxury Home Decor Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Luxury Home Decor Market, by Type, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Furniture
8.2.3.Home Textile
8.2.4.Floor Covering
8.3.Asia Pacific Luxury Home Decor Market, by Distribution Channel, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Supermarkets & Hypermarkets
8.3.3.Specialty Stores
8.3.4.E-commerce
8.3.5.Others

9.Latin America
9.1.Latin America Luxury Home Decor Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Luxury Home Decor Market, by Type, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Furniture
9.2.3.Home Textile
9.2.4.Floor Covering
9.3.Latin America Luxury Home Decor Market, by Distribution Channel, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Supermarkets & Hypermarkets
9.3.3.Specialty Stores
9.3.4.E-commerce
9.3.5.Others

10.Middle East
10.1.Middle East Luxury Home Decor Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Luxury Home Decor Market, by Type, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Furniture
10.2.3.Home Textile
10.2.4.Floor Covering
10.3.Middle East Luxury Home Decor Market, by Distribution Channel, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Supermarkets & Hypermarkets
10.3.3.Specialty Stores
10.3.4.E-commerce
10.3.5.Others

11.Africa
11.1.Africa Luxury Home Decor Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Luxury Home Decor Market, by Type, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Furniture
11.2.3.Home Textile
11.2.4.Floor Covering
11.3.Africa Luxury Home Decor Market, by Distribution Channel, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Supermarkets & Hypermarkets
11.3.3.Specialty Stores
11.3.4.E-commerce
11.3.5.Others

12.Global
12.1.Global Luxury Home Decor Market, by Type, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Furniture
12.1.3.Home Textile
12.1.4.Floor Covering
12.2.Global Luxury Home Decor Market, by Distribution Channel, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Supermarkets & Hypermarkets
12.2.3.Specialty Stores
12.2.4.E-commerce
12.2.5.Others

13.Company Profiles
13.1.Marks & Spencer
13.2.Gucci
13.3.Hermes
13.4.Inter IKEA Systems BV
13.5.Forbo International SA
13.6.Armstrong World Industries, Inc.
13.7.Mannington Mills Inc.
13.8.Mohawk Industries Inc.
13.9.Shaw Industries Group, Inc.
13.10.Herman Miller Inc.
13.11.Ashley Furniture Industries Ltd.
13.12.Kimball International
13.13.Duresta Upholstery Ltd.
13.14.Others

 

List of Figures

FIG. 1 Global Luxury Home Decor Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Luxury Home Decor Market Segmentation

FIG. 4 Global Luxury Home Decor Market, by Type, 2019 (US$ Bn)

FIG. 5 Global Luxury Home Decor Market, by Distribution Channel, 2019 (US$ Bn)

FIG. 6 Global Luxury Home Decor Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Luxury Home Decor Market Manufacturers, 2019

FIG. 9 Global Luxury Home Decor Market Value Contribution, By Type, 2020 & 2027 (Value %)

FIG. 10 Global Luxury Home Decor Market, by Home Textile, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Luxury Home Decor Market, by Floor Covering, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Luxury Home Decor Market, by Furniture, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Luxury Home Decor Market Value Contribution, By Distribution Channel, 2020 & 2027 (Value %)

FIG. 14 Global Luxury Home Decor Market, by Supermarkets & Hypermarkets, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Luxury Home Decor Market, by Specialty Stores, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Luxury Home Decor Market, by E-commerce, Value, 2015-2027 (US$ Bn)

FIG. 17 U.S. Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 18 Rest of North America Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 19 U.K. Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 20 Germany Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 21 France Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 22 Italy Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 23 Spain Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 24 Russia Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 25 BENELUX Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 26 Poland Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 27 Austria Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 28 Rest of Europe Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 29 Japan Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 30 China Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 31 India Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 32 South Korea Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 33 Australia Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 34 Southeast Asia Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 35 Rest of Asia Pacific Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 36 Middle East & Africa Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 37 South Africa Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 38 Nigeria Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 39 Egypt Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 40 GCC Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 41 Israel Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 42 Latin America Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 43 Mechanicalzil Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 44 Argentina Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 45 Colombia Luxury Home Decor Market, 2015-2027 (US$ Bn)

FIG. 46 Peru Luxury Home Decor Market, 2015-2027 (US$ Bn)

Chile Luxury Home Decor Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Beauty Devices   (Luxury Home Decor) Market

TABLE 2 Global Luxury Home Decor Market, by Type, 2015-2027 (US$ Bn)

TABLE 3 Global Luxury Home Decor Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 4 Global Luxury Home Decor Market, by Geography, 2015-2027 (US$ Bn)

TABLE 5 North America Luxury Home Decor Market, by Type, 2015-2027 (US$ Bn)

TABLE 6 North America Luxury Home Decor Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 7 North America Luxury Home Decor Market, by Country, 2015-2027 (US$ Bn)

TABLE 8 Europe Luxury Home Decor Market, by Type, 2015-2027 (US$ Bn)

TABLE 9 Europe Luxury Home Decor Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 10 Europe Luxury Home Decor Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 11 Asia Pacific Luxury Home Decor Market, by Type, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Luxury Home Decor Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Luxury Home Decor Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 14 Latin America Luxury Home Decor Market, by Type, 2015-2027 (US$ Bn)

TABLE 15 Latin America Luxury Home Decor Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 16 Latin America Luxury Home Decor Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 17 Middle East Luxury Home Decor Market, by Type, 2015-2027 (US$ Bn)

TABLE 18 Middle East Luxury Home Decor Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 19 Middle East Luxury Home Decor Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 20 Africa Luxury Home Decor Market, by Type, 2015-2027 (US$ Bn)

TABLE 21 Africa Luxury Home Decor Market, by Distribution Channel, 2015-2027 (US$ Bn)

TABLE 22 Africa Luxury Home Decor Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 23 Marks & Spencer: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 24 Gucci: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 25 Hermes: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 26 Inter IKEA Systems BV: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 27 Forbo International SA: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 28 Armstrong World Industries, Inc.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 29 Mannington Mills Inc.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 30 Mohawk Industries Inc.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 31 Shaw Industries Group, Inc.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 32 Herman Miller Inc.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 33 Ashley Furniture Industries Ltd.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 34 Kimball International: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

TABLE 35 Duresta Upholstery Ltd.: Company Snapshot (Company Overview; Type Portfolio; Financial Information; Key Developments

Frequently asked questions

How COVID 19 Impacted Luxury Home Decor Market?

Likewise other industries, COVID 19 also taken a toll on Luxury Home Decor market with around 23.16% decline in 2020 in its revenue as compare to 2019

Which is the leading regional market for Luxury Home Decor?

Europe is the largest regional market with highest share in the total volume of Luxury Home Decor consumed in 2020

What is the major growth driving factors for global Luxury Home Decor market?

Growing consciousness about social status and rising income levels

Which is major segment in Luxury Home Decor market by type?

Furniture segment dominated the Luxury Home Decor market in 2020.

Which is major segment in Luxury Home Decor market by Distribution Channel?

Supermarkets & hypermarkets was the largest Distribution Channelof Luxury Home Decor in 2020

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