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The Worldwide Home Decor Industry is Expected to Reach $873 Billion by 2027
Global Home Decor Market
Dublin, April 26, 2022 (GLOBE NEWSWIRE) -- The "Global Home Decor Market (2022-2027) by Products, Price, Distribution Channel, Location, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Home Decor Market is estimated to be USD 714.23 Bn in 2022 and is expected to reach USD 873.16 Bn by 2027, growing at a CAGR of 4.1%.
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the Global Home Decor Market stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Inter IKEA Systems B.V., Kimball International, Herman Miller, Home24, Hanssem Corporation, Koninklijke Philips N.V., Conair Corporation, Suofeiya Home Collection Co.,Duresta Upholstery, etc.
Competitive Quadrant
The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Home Decor Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses Global Home Decor Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
The report offers a comprehensive evaluation of the Global Home Decor Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Topics Covered:
1 Report Description
2 Research Methodology
3 Executive Summary
4 Market Dynamics
4.1 Drivers
4.1.1 Consumer Demand in Emerging Countries
4.1.2 Increasing Adoption of Online Home Decor Products
4.2 Restraints
4.2.1 Availability of Low-quality & Counterfeit Products
4.3 Opportunities
4.3.1 Surging Demand for Trending and Unique Products
4.3.2 Inclination Towards the Adoption of Eco-friendly Products
4.4 Challenges
4.4.1 Fluctuating Prices of Raw Material
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Home Decor Market, By Products
6.1 Introduction
6.2 Home textile
6.3 Floor covering
6.4 Furniture
6.5 Wall Decor
6.6 Lighting
6.7 Others
7 Global Home Decor Market, By Price
7.1 Introduction
7.2 Premium
7.3 Mass
8 Global Home Decor Market, By Distribution Channel
8.1 Introduction
8.2 Supermarket and Hypermarket
8.3 Specialty Stores
8.4 Ecommerce
8.5 Retail stores
8.6 Others
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 Inter IKEA Systems B.V.
10.2 Kimball International
10.3 Herman Miller
10.4 Home24
10.5 Hanssem Corporation
10.6 Koninklijke Philips N.V.
10.7 Conair Corporation
10.8 Suofeiya Home Collection Co.
10.9 Springs Window Fashions
10.10 Siemens AG
10.11 Zepter
10.12 Samson
10.13 Oneida
10.14 Ashley Furniture Industries
10.15 Home Depot
10.16 Mohawk Industries
10.17 Johnson and Johnson
10.18 Forbo International SA
10.19 Armstrong Home Furnishing
10.20 Mannington Mills Inc.
10.21 Shaw Industries Group
10.22 Duresta Upholstery
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/sc01d9
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