Online Home Decor

Online Home Decor

Global Online Home Decor Market to Reach $165.5 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Online Home Decor estimated at US$98.7 Billion in the year 2020, is projected to reach a revised size of US$165.5 Billion by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027. Online Home Furnishing, one of the segments analyzed in the report, is projected to record a 15.3% CAGR and reach US$246.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Online Home Furniture segment is readjusted to a revised 14.3% CAGR for the next 7-year period.

The U.S. Market is Estimated at $28.5 Billion, While China is Forecast to Grow at 14% CAGR

The Online Home Decor market in the U.S. is estimated at US$28.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$28.8 Billion by the year 2027 trailing a CAGR of 7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.9% and 12.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 10.6% CAGR.

Other Products Segment to Record 6.6% CAGR

In the global Other Products segment, USA, Canada, Japan, China and Europe will drive the 6.6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.6 Billion in the year 2020 will reach a projected size of US$12 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 14 Featured) -

• Amazon.com, Inc.
• Ashley Furniture Industries, Inc.
• Bed Bath & Beyond, Inc.
• Cabela's Inc.
• Carrefour Group
• Costco Wholesale Corporation
• Herman Miller Furniture (India) Pvt. Ltd.
• Home24 SE
• Inter IKEA Systems BV
• jcp Media Inc.
• Otto (GmbH & Co KG)
• Sears Brands LLC
• Target Brands, Inc.
• Tesco PLC
• Wal-Mart Stores, Inc.
• Wayfair LLC

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