Asia Pacific Home Decor Market Size & Outlook, 2025-2030
Asia Pacific Home Decor Market, 2018-2030 (US$M)
Global Market
Related Markets
Asia Pacific home decor market highlights
- The Asia Pacific home decor market generated a revenue of USD 206,141.7 million in 2024.
- The market is expected to grow at a CAGR of 10.2% from 2025 to 2030.
- In terms of segment, furniture was the largest revenue generating product in 2024.
- Textile is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 206,141.7 million |
| Market revenue in 2030 | USD 364,016.9 million |
| Growth rate | 10.2% (CAGR from 2025 to 2030) |
| Largest segment | Furniture |
| Fastest growing segment | Textile |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Furniture, Textile, Flooring, Others (Lighting, Metal) |
| Key market players worldwide | IKEA, Kimball International, Herman Miller, Koninklijke Philips NV, Conair, Springs Window Fashions, Siemens AG |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.5% of the global home decor market in 2024.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 364,016.9 million by 2030.
The Asia Pacific home decor market is anticipated to experience the fastest CAGR during the forecast period. Countries such as China, India, and other ASEAN countries are undergoing rapid urbanization, which has resulted in growing demand for home decor and furniture.
The average spending capacity of homeowners is rising steadily, allowing the consumer to invest in their home, thus encouraging market growth. Additionally, home décor material is easily available at a relatively low cost in the region. China held the largest revenue share of the regional industry in 2024. China is experiencing rapid urbanization, with a significant population shift from rural to urban areas.
In 2023, 66.2% of the population resided in cities. Experts predict that this figure will reach 75-80% by 2035. This rapid urbanization is expected to generate substantial demand for home décor products, including furniture, lighting, and textiles. This trend has been a major driver of the country's market growth. The vast domestic market also provides significant opportunities for the home décor industry.
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Publish Date: Dec 11, 2024
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Home Decor Market Scope
Home Decor Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Koninklijke Philips NV | View profile | 73,712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | www.philips.com |
| Siemens AG | View profile | 321,000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | www.siemens.com |
| Conair | View profile | 1001-5000 | Glendale, Arizona, United States, North America | www.conair.com/ |
| Herman Miller | View profile | 5001-10000 | Zeeland, Michigan, United States, North America | www.hermanmiller.com/ |
| IKEA | View profile | 10001+ | Delft, Zuid-Holland, The Netherlands, Europe | www.ikea.com/ |
| Springs Window Fashions | View profile | 5001-10000 | Middleton, Wisconsin, United States, North America | www.springswindowfashions.com |
| Kimball International | View profile | 5001-10000 | Jasper, Indiana, United States, North America | www.kimball.com/ |
| home24 | View profile | - | - | - |
| Hanssem Corporation | View profile | - | - | - |
| Suofeiya Home Collection Co., Ltd. | View profile | - | - | - |
Asia Pacific Home Decor Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Home Decor Market Outlook will help companies and investors design strategic landscapes.
Furniture was the largest segment with a revenue share of 53.87% in 2024.
Horizon Databook has segmented the Asia Pacific home decor market based on furniture, textile, flooring, others (lighting, metal) covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific home decor market is anticipated to experience the fastest CAGR during the forecast period. Countries such as China, India, and other ASEAN countries are undergoing rapid urbanization, which has resulted in growing demand for home decor and furniture.
The average spending capacity of homeowners is rising steadily, allowing the consumer to invest in their home, thus encouraging market growth. Additionally, home décor material is easily available at a relatively low cost in the region. China held the largest revenue share of the regional industry in 2024. China is experiencing rapid urbanization, with a significant population shift from rural to urban areas.
In 2023, 66.2% of the population resided in cities. Experts predict that this figure will reach 75-80% by 2035. This rapid urbanization is expected to generate substantial demand for home décor products, including furniture, lighting, and textiles. This trend has been a major driver of the country's market growth. The vast domestic market also provides significant opportunities for the home décor industry.
- Asia Pacific Home Decor Market Product Outlook (Revenue, USD Million , 2018-2030)
- Furniture
- Textile
- Flooring
- Others (Lighting, Metal)
- Asia Pacific Home Decor Market Application Outlook (Revenue, USD Million , 2018-2030)
- Indoor
- Outdoor
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific Home Decor Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific Home Decor Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Asia Pacific Home Decor Market, 2018-2030 (US$M)
Asia Pacific home decor market statistics, by product, 2018-2030 (US$M)
