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United States Home Decor Market Share, Trends, Forecast: By Type: Home Textile, Floor Covering, Furniture, Lighting; By Price: Premium, Mass; By Distribution Channel: Supermarkets and Hypermarkets, Speciality Stores, Online, Others; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
United States Home Decor Market Outlook
The United States home decor market size reached approximately USD 180.62 billion in 2023. The market is assessed to grow at a CAGR of 4.6% between 2024 and 2032 to attain a value of around USD 273.85 billion by 2032.
Key Trends in the Market
Home decor, variously known as home decoration or interior decoration, refers to the decoration of interior residential spaces through lighting, furniture, and flooring, among others. Home decor not only enhances the aesthetics of a space but also plays a crucial role in improving the overall well-being of residents.
- One of the major factors driving the United States home decor market demand includes increasing residential construction activities, supported by rising disposable incomes, in the country. This, coupled with growing spending on renovation and remodelling by homeowners, is surging the demand for home decor solutions to enhance the aesthetics of a space and personalise interior spaces.
- Wellness has emerged as a crucial trend aiding the United States home decor market expansion amid the growing focus on self-care, mindfulness, and holistic living. Hence, homeowners are incorporating natural elements such as plants into interior spaces, creating spaces that can encourage mental and physical wellness, and including colours and designs that can promote comfort, relaxation, and calm.
- The growing environmental consciousness amid rapid climate change is one of the prominent United States home decor market trends. Homeowners are increasingly attempting to improve the sustainability profile of their homes, hence the use of recyclable and eco-friendly materials such as bamboo, repurposed wood, metal, concrete, cork, and clay, among others, is increasing.
The trend of sustainability is also driving interest in eco-friendly and ethically sourced fabrics such as Afghan wool, raw cotton, hemp fibre, linen, and seagrass, among others, in home textiles. In addition, environmentally conscious homeowners are preferring energy-efficient lighting and paints with zero VOC to improve their indoor air quality and overall quality of living.
- The United States home decor market growth in the forecast period can be attributed to the increasing adoption of various technologies in interior decoration. Technologies like AI, virtual reality, and augmented reality are being used for visualising, redesigning, and personalising interior spaces whereas designers are leveraging the potential of 3D printing technology to create stylish and innovative decor pieces and furniture.
Market Analysis
Based on type, the United States home decor market segmentation includes home textile, floor covering, furniture, and lighting, among others. On the basis of price, the market can be divided into premium and mass.
By distribution channel, the market is categorised into supermarkets and hypermarkets, speciality stores, and online, among others. The major regional markets for home decor in the United States include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the United States home decor market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Mohawk Industries, Inc.
- Ashley Furniture Industries, LLC
- HNI Corporation
- Koninklijke Philips N.V.
- Herman Miller, Inc.
- Acuity Brands, Inc.
- AHF, LLC
- Shaw Industries Group, Inc.
- Mannington Mills, Inc.
- Crane & Canopy Inc.
- Others
Market Share by Price
Mass home decor products account for a significant portion of the United States home decor market share. This can be attributed to growing renovation activities and the rising availability of home decor solutions in retail stores like Walmart at discounted prices. The increasing trend of do-it-yourself home decorating projects is also anticipated to bolster mass and affordable home decor solutions in the forecast period.
Market Share by Distribution Channel
As per the United States home decor market, online channels are expected to witness a significant growth in the forecast period. E-commerce platforms are gaining substantial popularity among Gen-Z and millennial customers due to their excellent accessibility. Such stores also boast the presence of various start-ups and niche brands, offer the facility of hassle-free returns and exchanges, and provide easy product comparisons, boosting their appeal for purchasing home decor products.
Competitive Landscape
Mohawk Industries, Inc., headquartered in Georgia, the United States, is a prominent ceramic and flooring manufacturer. It is one of the largest manufacturers, marketers, and distributors of natural stones and ceramic tiles. The company constantly innovate its offerings and has launched various collections with unique products and added style.
HNI Corporation, established in 1947, is a prominent provider of residential building products and workplace furnishings. With its headquarters in Iowa, the United States, the company has established its place as a leader in the hearth sector of the United States. Its commercial segment is one of the most renowned providers and designers of commercial furnishing solutions.
Ashley Furniture Industries, LLC is a leading furniture manufacturer that was established in 1945. It offers a wide range of products to its retail partners in around 155 countries. It is headquartered in Wisconsin, the United States, and it aims to provide customers with the highest quality products with the best services and values.
Other United States home decor market players include Koninklijke Philips N.V., Herman Miller, Inc., Acuity Brands, Inc., AHF, LLC, Shaw Industries Group, Inc., Mannington Mills, Inc., and Crane & Canopy Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Price |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 North America Home Decor Market Overview
8.1 Key Industry Highlights
8.2 North America Home Decor Historical Market (2018-2023)
8.3 North America Home Decor Market Forecast (2024-2032)
8.4 North America Home Decor Market Share by Country
8.4.1 United States
8.4.2 Canada
9 United States Home Decor Market Overview
9.1 Key Industry Highlights
9.2 United States Home Decor Historical Market (2018-2023)
9.3 United States Home Decor Market Forecast (2024-2032)
10 United States Home Decor Market by Type
10.1 Home Textile
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Bed Textiles
10.1.3.2 Kitchen and Dining Textiles
10.1.3.3 Living Room Textiles
10.1.3.4 Others
10.2 Floor Covering
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Ceramics and Tiles
10.2.3.2 Wood and Laminated
10.2.3.3 Vinyl Flooring
10.2.3.4 Carpets and Rugs
10.2.3.5 Others
10.3 Furniture
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.3.3 Breakup by Type
10.3.3.1 Living Room
10.3.3.2 Dining Room
10.3.3.3 Kitchen
10.3.3.4 Bedroom
10.3.3.5 Others
10.4 Lighting
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.4.3 Breakup by Type
10.4.3.1 Lamps and Shades
10.4.3.2 Light Bulbs
10.4.3.3 Chandeliers
10.4.3.4 Others
10.5 Others
11 United States Home Decor Market by Price
11.1 Premium
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Mass
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 United States Home Decor Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Speciality Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 United States Home Decor Market by Region
13.1 New England
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mideast
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Great Lakes
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Plains
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Southeast
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Southwest
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 Rocky Mountain
13.7.1 Historical Trend (2018-2023)
13.7.2 Forecast Trend (2024-2032)
13.8 Far West
13.8.1 Historical Trend (2018-2023)
13.8.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Mohawk Industries, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Ashley Furniture Industries, LLC
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 HNI Corporation
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Koninklijke Philips N.V.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Herman Miller, Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Acuity Brands, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 AHF, LLC
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Shaw Industries Group, Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Mannington Mills, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Crane & Canopy Inc.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Home Decor Market: Key Industry Highlights, 2018 and 2032
2. United States Home Decor Market: Key Industry Highlights, 2018 and 2032
3. United States Home Decor Historical Market: Breakup by Type (USD Billion), 2018-2023
4. United States Home Decor Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. United States Home Decor Historical Market: Breakup by Price (USD Billion), 2018-2023
6. United States Home Decor Market Forecast: Breakup by Price (USD Billion), 2024-2032
7. United States Home Decor Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. United States Home Decor Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. United States Home Decor Historical Market: Breakup by Region (USD Billion), 2018-2023
10. United States Home Decor Market Forecast: Breakup by Region (USD Billion), 2024-2032
11. United States Home Decor Market Structure
Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 180.62 billion.
The market is assessed to grow at a CAGR of 4.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 273.85 billion by 2032.
The rising trend of sustainability, the growing focus on wellbeing, and increasing residential construction and renovation activities are the major market drivers.
The key trends aiding the market are the growing deployment of innovative technologies in home decor space and the rising availability of different types of home decor solutions on e-commerce channels.
The major types of home decor in the market are home textile, floor covering, furniture, and lighting, among others.
The significant distribution channels in the market are supermarkets and hypermarkets, speciality stores, and online, among others.
The major players in the market are Mohawk Industries, Inc., Ashley Furniture Industries, LLC, HNI Corporation, Koninklijke Philips N.V., Herman Miller, Inc., Acuity Brands, Inc., AHF, LLC, Shaw Industries Group, Inc., Mannington Mills, Inc., and Crane & Canopy Inc., among others.
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