Sustainable Home Decor Market Share is to Reach $556.3 billion by 2031

by decwells
Sustainable Home Decor Market Share is to Reach $556.3 billion by 2031

According to a new report published by Allied Market Research titled, “Sustainable Home Decor Market,” the sustainable home decor market size was valued at $331.0 billion in 2021, and is estimated to reach $556.3 billion by 2031, growing at a CAGR of 5.5% from 2022 to 2031.

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Growing consumer spending on sustainable and environmental home furnishings such as carpet and coarse textiles, as well as the urbanization boom in developing countries, have both contributed significantly to the growth of the global market. According to the analysis of the global market for sustainable home decor, the floor covering market generated the highest revenue in 2021 and is predicted to occupy the top position during the projected period. This is due to consumers’ growing desire for stylish floor covering items. The popularity of sustainable home decor products is increasing the need for unique designs and customization, which is favoring the growth of the global market for sustainable home decor.

Leading business executives predict that the global sustainable home decor market will grow significantly over the forecast period due to growing consumer interest in the concept of sustainable home decor. Additionally, an increase in the number of urban dwellers and the growth of the real estate industry in emerging economies have boosted the sales of sustainable home decor products, driving the global market’s expansion. Asia Pacific is now the world leader in the home decor sector due to the enormous demand from home buyers. Owing to rise in demand for sustainable home decor products from countries such as China and India, Asia Pacific is expected to witness a significant development trend over the projected period.

Key pupils

  • With a market revenue contribution of $155,516.0 million in 2021 and an estimated $263,618.8 million by 2031, the floor covering category led all product types in terms of CAGR.
  • The mass sector, depending on price point, contributed the most to the market’s revenue in 2021, with $196,728.8 million, and is expected to reach $324,776.1 million by 2031, with a CAGR of 5.3%.
  • By revenue group, the high-income sector contributed the most to the market’s revenue with $122,273.2 million in 2021. With a CAGR of 5.6%, it is predicted to reach $208,730.5 million by 2031.
  • The specialty stores category, which was the largest revenue contributor to the market by distribution channel at $159,418.8 million in 2021, is expected to grow to $262,007.2 million by 2031 at a CAGR of 5.2%.
  • Asia Pacific was the region that contributed the most to global revenue, accounting for $104,272.3 million in 2021, and is expected to grow at a CAGR of 5.4% to reach $173,570.2 million by 2031.

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Leading market players of the global sustainable home decor market analyzed in the research include Vermont Woods Studios, Cisco Brothers, Lee Industries Inc., Duresta Upholstery Ltd., Greenington, Jianxgi, La-Z-Boy Inc., Manchester Wooden, Moso International , Shenzhen Vincent Handicraft, Ashley Furniture, Forbo, Herman Miller Inc., Inter IKEA Holding BV, and Mannington Mills, Inc.

The report provides a detailed analysis of these key players of the global sustainable home decor market. These players have adopted various strategies such as new product launches, collaborations, expansion, joint ventures, agreements and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio and strategic moves of market players to showcase the competitive scenario.

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Regional forecast:

The global sustainable home decor market is segmented regionally into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The classification of the market data and the regional analysis by country are also covered in the market research report. Furthermore, the regions are separated into country and regional groups:

  • North America (USA and Canada)
  • Europe (Germany, Great Britain, France, Italy, Spain, Russia and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and the rest of Asia Pacific)
  • Latin America (Brazil, Mexico and the rest of Latin America)
  • The Middle East and Africa (GCC (Saudi Arabia, the United Arab Emirates, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa and the rest of the Middle East and Africa)

What does this report contain?

  • Current and future market prospects (including growth factors, key players, obstacles and restraints in advanced as well as emerging economies)
  • Analysis and forecast of the global market at the regional level.
  • Historical, current and estimated market sizes.
  • Restraining and driving factors, as well as their impact on the demand for humidifiers.
  • An in-depth study of opportunities available in the market.

What to expect in our report?

  • A complete slice of the global market? The market report focuses on market dynamics and it includes market drivers and influencing factors as well as challenges and opportunities.
  • An additional research section is devoted to the analysis of regional markets. The market where essential regions and countries are assessed for their growth potential, consumption, market share and other important factors indicating their market growth.
  • The report provides a competitive analysis that enables players to create new strategies and refine existing ones to overcome market challenges and increase their market share.
  • The report also covers trends and competitive situations and sheds light on company expansions as well as mergers and acquisitions taking place in the global market. It also highlights the market concentration rates and market shares for top three and five market players.
  • Readers are provided with findings and conclusions of the research study in the global market.

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About us
Allied Market Research (AMR) is a full service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a single-minded view of providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relationship with various companies and this helps us to dig out market data which helps us to generate accurate research data tables and confirms the extreme accuracy in our market forecast. Pawan Kumar, CEO of Allied Market Research, is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality data and help clients succeed in every possible way. Every data contained in the reports published by us is extracted through primary interviews with top officials of leading companies of the relevant domain. Our secondary data acquisition methodology includes deep online and offline research and discussion with knowledgeable industry professionals and analysts.

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